WSF: Italy signs Kenya's debt cancellation

[Tony254]

Guarantor ni sawa na kumdhamini mtu anayedaiwa, kazi na jukumu kubwa la serikali ni kumsimamia huyo uliyemzamini arudishe pesa anayodaiwa.

Sasa Kama serikali haihusiki kwa lolote lile katika huo mkopo kwanini kuwepo na PPP?, kwanini isiwe ni private project kama ilivyo bomba la Uganda crude oil pipeline, ambapo muwekezaji anatafuta pesa kwa njia zake anazozijua na serikali inasubiri kupata kodi?

Kweli umefikiria

 

[Tony254]

Guarantor ni sawa na kumdhamini mtu anayedaiwa, kazi na jukumu kubwa la serikali ni kumsimamia huyo uliyemzamini arudishe pesa anayodaiwa.

Sasa Kama serikali haihusiki kwa lolote lile katika huo mkopo kwanini kuwepo na PPP?, kwanini isiwe ni private project kama ilivyo bomba la Uganda crude oil pipeline, ambapo muwekezaji anatafuta pesa kwa njia zake anazozijua na serikali inasubiri kupata kodi?

Ila uko sure kuwa guarantor huwa anaandika hio deni katika vitabu vyake sasa hivi ama huwa anangoja hadi guarantee ashindwe kulipa deni ili naye achukuwe majukumu?

 

[eliakeem]

Are you sure about this?

That is a principle in PPP. The GoK will guarantee the loans that the private partner will take to implement the project. Otherwise the banker will not issue the credit facility.
Msifurahie mkafikiria ni free lunch. The only thing that GoK will benefit is cash motivation. That is, GoK will not need to set aside the budget to finance the project. Also supervision and other headaches and chaos (activities) will never be the issue to the GoK during the project implementation.

But the experience shows that you are not strong when it comes to the negotiation of the project financing. The pure and simple is your SGR project, your govt is at the loosing end. Now if the same things reoccur in the PPP project, you will be in trouble. The PPP is about the fair deal. If the govt negotiation teem can be easily bribed and side the other party. Then will never attain the win win situation, rather in win lose.

 

[eliakeem]

Ila uko sure kuwa guarantor huwa anaandika hio deni katika vitabu vyake sasa hivi ama huwa anangoja hadi guarantee ashindwe kulipa deni ili naye achukuwe majukumu?

Kuna tofauti kubwa sana kati ya guaranteed loan na secured loan. Usichanganye na secured loan, which once you default, the lender follow the necessary procedure to foreclose the security of that loan. But in guaranteed loan, once you fail to pay the instalments which comprise the principle + interest. The guarantor, without any further notice, has to pick up where the borrower stopped to service the loan.
Naona sasa you can see how it operates. PPP ni nzuri kama will be structured well and potential risks allocated accordingly.

 

[joto la jiwe]

Ila uko sure kuwa guarantor huwa anaandika hio deni katika vitabu vyake sasa hivi ama huwa anangoja hadi guarantee ashindwe kulipa deni ili naye achukuwe majukumu?

Lazima deni lionekane katika vitabu vya nchi husika, Theoretically ni deni la GoK, ndio sababu rais alikwenda kuweka sahini kuruhusu hiyo pesa itoke.

Ni rahisi sana kukopeshwa Kama PPP kuliko mkienda kama nchi au privately, kwasababu setikali haiwezi kuwa bankrupt kama private company au individual person, wakati huo huo Private companies ni wazuri katika kutekeleza miradi kwa ufanisi mkubwa kuliko serikali.

 

[Mkikuyu- Akili timamu]

Kuna tofauti kubwa sana kati ya guaranteed loan na secured loan. Usichanganye na secured loan, which once you default, the lender follow the necessary procedure to foreclose the security of that loan. But in guaranteed loan, once you fail to pay the instalments which comprise the principle + interest. The guarantor, without any further notice, has to pick up where the borrower stopped to service the loan.
Naona sasa you can see how it operates. PPP ni nzuri kama will be structured well and potential risks allocated accordingly.

PPP is good when government does not sign a revenue guarantee once the project is complete. one way or the other if a toll road is completed and its annual revenue does not reach target then gov has to pay balance. kenya's switch to PPP is because they cannot effectively manage any large project due to corruption and massive existing debt, its not because they want to take advantage of PPP's benefits

 

[Tony254]

Lazima deni lionekane katika vitabu vya nchi husika, Theoretically ni deni la GoK, ndio sababu rais alikwenda kuweka sahini kuruhusu hiyo pesa itoke.

Ni rahisi sana kukopeshwa Kama PPP kuliko mkienda kama nchi au privately, kwasababu setikali haiwezi kuwa bankrupt kama private company au individual person, wakati huo huo Private companies ni wazuri katika kutekeleza miradi kwa ufanisi mkubwa kuliko serikali.

Hii lazima nifanye research. Sitaamini ovyo ovyo tu.

 

[joto la jiwe]

Hii lazima nifanye research. Sitaamini ovyo ovyo tu.

Kwanza ninashanga kwamba hadi leo hujafanya research kiasi kwamba rais wenu anasaini mkopo kwa jina la PPP na bado hujui " how PPP works".

 

[Tony254]

Kwanza ninashanga kwamba hadi leo hujafanya research kiasi kwamba rais wenu anasaini mkopo kwa jina la PPP na bado hujui " how PPP works".

Hivi vitu sisi Waafrika hatujazizoea zaidi ya kuzisoma tu kwenye vitabu. PPP zilizopo hapa Afrika ni chache sana na jinsi ya kuirekodi katika vitabu vya uhasibu sikufunzwa darasani.

 

[joto la jiwe]

Hivi vitu sisi Waafrika hatujazizoea zaidi ya kuzisoma tu kwenye vitabu. PPP zilizopo hapa Afrika ni chache sana na jinsi ya kuirekodi katika vitabu vya uhasibu sikufunzwa darasani.

Sio kila kitu utafundishwa darasani, unapaswa kuwa mtundu wa kujifunza mambo mapya huku duniani wewe mwenyewe kwasababu dunia inabadilika kwa kasi sana, ukisikia au kukutana na kitu kipya, hasa kinachofanywa na serikali au rais, lazima ujiulize nini maana yake, kwasababu anakiyanya kwa niaba yako

 

[eliakeem]

PPP is good when government does not sign a revenue guarantee once the project is complete. one way or the other if a toll road is completed and its annual revenue does not reach target then gov has to pay balance. kenya's switch to PPP is because they cannot effectively manage any large project due to corruption and massive existing debt, its not because they want to take advantage of PPP's benefits

Signing for revenue guarantee in PPPs is inevitable as the private partner has to do all he can to protect his bottom line. The revenue stream reliability is what the investors fight for.
But the issue on Kenya is corruption, they will loosely negotiate with the private partner in order to be considered for kitu kidogo.