This is How Kenya is Going to Be Sold to Chinese

[Kafrican]

Ahaaa haaa haaa
That is according to your belief. But the facts remain. The banks can not advance you a loan for a project on condition that, no interest will be accrued during the grace period. But normally what the BANKS are going is to spread that interest accrued during the construction period to the tenor of the loan.
Bro ile siyo hela ya mjomba, it's a business money. No one can give you money for 12 or 18 or 24 or 36 months without any cost of that capital. It's about a decade since I started to work in a number of transaction advisory teams, later a team leader or a transaction adviser. All amortization schedules that I came across with contain an element of interest to be paid during the construction period, let say 18 months and again the interest to be paid during the operations until the end of tenor. Since most of these projects are financed through the project finance fashion. All payments are starting during the operations. Also the deferred or delayed payments are commenced to be paid during the operations stage.

If the SGR was incuring interest all the this time the interest alone would have already exceeded $1Billion by now. Thats what I know

 

[eliakeem]

If the SGR was incuring interest all the this time the interest alone would have already exceeded $1Billion by now. Thats what I know

Bro that's the fact. No free lunch. The interest is accrued from the time you pay the first certificate. The first draw down. That's one of the main features of commercial loans.

 

[eliakeem]

#inatosha

 

[eliakeem]

The country of inconsistency.

 

[Kifaru_07]

Ahaaa haaa haaa
Bro the opere of 1.8bio is not the profit, coz once deducted by opex of > 2+bio, the govt has to go to its coffers to top up to foot the bills. The SGR has never reached the break even point. The govt has always topping up for the operations.

Haa haa what
Its 1b opex.. 1.8b revenue so 0.8b suplus revenue. Thats a profit even that even a fruit seller on the street can calculate.

 

[eliakeem]

Haa haa what
Its 1b opex.. 1.8b revenue so 0.8b suplus revenue. Thats a profit even that even a fruit seller on the street can calculate.

1.8bio
Less: 2.5bio
NOI: -ve .7bio.

Your GoK has to top up that difference of .7bio.

 

[dickchiller]

Thank you for acknowledging that your grammar is poor. That's where you should have stopped talking.

I'm not talking . I'm just writing my opinion.

 

[eliakeem]

Thanks China for taking Kenya out of crucible.

 

[eliakeem]

China is a GOOD friend, since it has decided to reject financing the project which will deprive the key assets of Kenya.