KeMzalendo
Senior Member
- Dec 3, 2013
- 169
- 116
Let me try and bring to light a few issues of economics and funding. First, the sgr money 90% was a loan from China. Sgr is considered viable and can repay the loan.
Kenya could not divert the cash to any other use. It was from exim to the Chinese contractor. Most loans are for development and in fact, China did Kenya a great favour.
Secondly, Kenya has had very small success in extractive industry. With the oil we could see better housing, water provision and even better food security.
Guys need to ask, how much donor funding comes to Kenya and where it goes. What impact has it had over the years. I respect and appreciate the contribution of China on our dvpt. Roads, railway, airports and sea port. Most of European donations goes to buying of 4*4 vehicles for the top executives.
One thing we must appreciate is that this country is headed to greatness.
With better infrastructure, we should see increased economic activities; manufacturing, agric, logistics etc. However, as we all know; Kenyan media is good at focussing us on the few challenges that we have. Tribalism, insecurity, hunger etc. Somehow making us believe that things are not going right.
Kenya could not divert the cash to any other use. It was from exim to the Chinese contractor. Most loans are for development and in fact, China did Kenya a great favour.
Secondly, Kenya has had very small success in extractive industry. With the oil we could see better housing, water provision and even better food security.
Guys need to ask, how much donor funding comes to Kenya and where it goes. What impact has it had over the years. I respect and appreciate the contribution of China on our dvpt. Roads, railway, airports and sea port. Most of European donations goes to buying of 4*4 vehicles for the top executives.
One thing we must appreciate is that this country is headed to greatness.
With better infrastructure, we should see increased economic activities; manufacturing, agric, logistics etc. However, as we all know; Kenyan media is good at focussing us on the few challenges that we have. Tribalism, insecurity, hunger etc. Somehow making us believe that things are not going right.