We can't borrow even for good projects - CBK Governor

[Mkikuyu- Akili timamu]

Its Good that the work we have been doing behind the scenes is bearing fruit. IMF coming down realy hard on thug uhuru, He may try to clean himself by following up with petty NYS thieves who have stolen $10m but the $1bn eurobond he stole he must return or face sanctions like he has never seen.
We can't borrow even for good projects - CBK Governor

 

[Junior Clinton Mr.]

Jubilee must FALL.. tuliwaonea huruma uchaguzi 2017 but 2022 lazima watoke..

 

[eliakeem]

They talk about PPP. Who told you that PPP is not borrowing? Even sovereign bonds are borrowing. They differ with bank loan in the sense that you borrows FROM several (legal/natural) persons. Other elements such as tenor, coupon rate/dividend/interest rates, maturity/amortization etc remain constant. Also like other avenues in debt market, PPP also need a sound credit worthiness of a nation. If the revenues are less than expenditures, it's very likely for investors to ran away. Coz the risk element seems to be higher and possibility of recouping back the sunk capital is so minimal.