Battle: Dar es Salaam vs Nairobi

[The best 007]

Na hamna wateja., loss making white elephant.,

Sisi tuna pesa, hizo tunanunua kwa ajili yetu cc wenyewe, watz wanaotoka nje na wanaosafiri domestic ndege hazitoshi

 

[The best 007]

Very soon tunaanza kuexport magari tanzaniaView attachment 1949474

Kwamba yanakuwa exported kwa mara ya pili au sio

 

[coodip1]

bro biashara ya ndege ni ngumu sana.., sisemi utani.., so far ATCL haijatengeneza ata shillingi moja.., zero, running on tax payers money

Kaulize mashirika ya Uarabuni Qatar Emirares na Etihad wanaingiza faida kiasi gani? It all depends on where have you decided to look for profit whether on the airline itself or on the forward and backward linkages.

 

[coodip1]

bro biashara ya ndege ni ngumu sana.., sisemi utani.., so far ATCL haijatengeneza ata shillingi moja.., zero, running on tax payers money

Kweli sikatai biashara ni ngumu sana na mfano mzuri ni Kenyan Airways jinsi inavyotaabika lakini it all depends on the structure ya airline itself and the operating environment that's what make the difference.

 

[The best 007]

Habari ndio hiyo.

Ila shirika letu lina the best and very interesting Livery, onaa

 

[The best 007]

Pale Tazara naona soon nyaya za umeme zitaungwa

 

[coodip1]

Hili deni la Kenya limekua threat kwa welbeing ya EAC. Naona CBK wanapindisha monetary laws to suit their needs.

Kenya’s debt trap deeper than thought

businessdailyafrica.com

Sep 21, 2021 12:00 PM



According to the Controller of Budget, as recent as August 16, 2021 a syndicated loan of Sh15,035,407,020.70 was due for repayment and the Treasury went to the domestic market to borrow to repay the foreign debt.

This is one of the most reckless fiscal management decisions that any government can make.

Borrowing from the local market to repay foreign debt comes with huge foreign exchange risks; it’s a double whammy increasing the cost of servicing external loans and the size of public debt at the same time.

Last week, in a presentation to the Senate Standing Committee on Finance and Budget, the Controller of Budget unleashed the bombshell that Treasury has been borrowing from the local market to repay foreign debt.
This is a reality some of us foresaw coming when we looked at the trajectory debt accumulation had taken but we never wished it to come.

According to the Controller of Budget, as recent as August 16, 2021 a syndicated loan of Sh15,035,407,020.70 was due for repayment and the Treasury went to the domestic market to borrow to repay the foreign debt. This is one of the most reckless fiscal management decisions that any government can make.
Borrowing from the local market to repay foreign debt comes with huge foreign exchange risks; it’s a double whammy increasing the cost of servicing external loans and the size of public debt at the same time. An economy that takes this huge risk is always one in a debt trap, so, is Kenya already in a debt trap?

Prior reports have been classified Kenya’s debt position as sustainable but heading towards distress level arising from high servicing obligations. But this latest revelation by the Controller of Budget tells us a different story.
We are in a more vulnerable position than we are aware of, and various policy actors seem to downplay this reality.

The Central Bank of Kenya (CBK) whose mandate is to assess and monitor foreign exchange risk and its effect on the economy seems unaware of this problem. It has been hunting commercial banks’ transactions posing a risk to the currency but missed government borrowing locally to service foreign loans.
Just a day before the Controller of Budget presented her report to the Finance Committee, the CBK governor made a debt presentation to the committee but missed this concerning fact.

How the CBK missed to identify this huge foreign exchange risk is surprising because it is the institution that clears those debt payments. Should we be worried that we have a central bank flying blind?
Second, the Controller of Budget also noted that on June 30, 2020, a total of 70,167,610,083 from a sovereign infrastructure bond went into recurrent expenditure.
This is another reckless fiscal management and against the PFM Act, 2012 which states that the national government’s borrowing shall be used for the purpose of financing development expenditure and not for recurrent expenditure.

Though this is not shocking, the Treasury has been contravening this law for a number of years now without being reprimanded by the National Assembly, which has the oversight authority.
Third is the issue of payment of commitment fee, which I raised in the column a few months ago. The issue exposes the Treasury as not bothered to protect the taxpayer.
When government signs for a loan but doesn’t utilise it — normally due to the pre-conditions the lender set before disbursing the funds — it attracts a commitment fee so as to keep the credit facility open for absorption when the conditions are met.

The taxpayer has paid Sh1,657,544,758.23 in commitment fee to the various credit facility signed but not utilised. The Controller of Budget has recommended cancellation.
But cancellation shouldn’t be the first move because these loans are concessional, meaning that their terms are favourable.
So what the Treasury should do is to prioritise their absorption by facilitating the various implementing agencies to meet the preconditions.
This was the position of Treasury Cabinet Secretary Ukur Yatani when he came into office but it seems like it didn’t take off.

Lastly, the Controller of Budget summarily told the taxpayers that the country’s debt management programme is just lip service.
For example, in this financial year 2021/2022, debt repayment is budgeted at Sh1,169,165,030,917, which is 36.6 percent of the budget — the highest component of the budget and around 65 percent of total tax collection. Shouldn’t this mean that we should expect more domestic borrowing to repay foreign loans?

Kenya’s debt trap deeper than thought | Business Daily

 

[Simon]

Ebhn huu mzigo ndio mpya au?

wenzetu wanakamuliwa kurudisha mkopo wa mchina kwa SGR iliyojengwa nusunusu, afu sisi tunaagiza ndege kwa hela cash.. na soon tunasainisha deal jipya la SGR

 

[Simon]

Hili deni la Kenya limekua threat kwa welbeing ya EAC. Naona CBK wanapindisha monetary laws to suit their needs.

Kenya’s debt trap deeper than thought

businessdailyafrica.com

Sep 21, 2021 12:00 PM



According to the Controller of Budget, as recent as August 16, 2021 a syndicated loan of Sh15,035,407,020.70 was due for repayment and the Treasury went to the domestic market to borrow to repay the foreign debt.

This is one of the most reckless fiscal management decisions that any government can make.

Borrowing from the local market to repay foreign debt comes with huge foreign exchange risks; it’s a double whammy increasing the cost of servicing external loans and the size of public debt at the same time.

Last week, in a presentation to the Senate Standing Committee on Finance and Budget, the Controller of Budget unleashed the bombshell that Treasury has been borrowing from the local market to repay foreign debt.
This is a reality some of us foresaw coming when we looked at the trajectory debt accumulation had taken but we never wished it to come.

According to the Controller of Budget, as recent as August 16, 2021 a syndicated loan of Sh15,035,407,020.70 was due for repayment and the Treasury went to the domestic market to borrow to repay the foreign debt. This is one of the most reckless fiscal management decisions that any government can make.
Borrowing from the local market to repay foreign debt comes with huge foreign exchange risks; it’s a double whammy increasing the cost of servicing external loans and the size of public debt at the same time. An economy that takes this huge risk is always one in a debt trap, so, is Kenya already in a debt trap?

Prior reports have been classified Kenya’s debt position as sustainable but heading towards distress level arising from high servicing obligations. But this latest revelation by the Controller of Budget tells us a different story.
We are in a more vulnerable position than we are aware of, and various policy actors seem to downplay this reality.

The Central Bank of Kenya (CBK) whose mandate is to assess and monitor foreign exchange risk and its effect on the economy seems unaware of this problem. It has been hunting commercial banks’ transactions posing a risk to the currency but missed government borrowing locally to service foreign loans.
Just a day before the Controller of Budget presented her report to the Finance Committee, the CBK governor made a debt presentation to the committee but missed this concerning fact.

How the CBK missed to identify this huge foreign exchange risk is surprising because it is the institution that clears those debt payments. Should we be worried that we have a central bank flying blind?
Second, the Controller of Budget also noted that on June 30, 2020, a total of 70,167,610,083 from a sovereign infrastructure bond went into recurrent expenditure.
This is another reckless fiscal management and against the PFM Act, 2012 which states that the national government’s borrowing shall be used for the purpose of financing development expenditure and not for recurrent expenditure.

Though this is not shocking, the Treasury has been contravening this law for a number of years now without being reprimanded by the National Assembly, which has the oversight authority.
Third is the issue of payment of commitment fee, which I raised in the column a few months ago. The issue exposes the Treasury as not bothered to protect the taxpayer.
When government signs for a loan but doesn’t utilise it — normally due to the pre-conditions the lender set before disbursing the funds — it attracts a commitment fee so as to keep the credit facility open for absorption when the conditions are met.

The taxpayer has paid Sh1,657,544,758.23 in commitment fee to the various credit facility signed but not utilised. The Controller of Budget has recommended cancellation.
But cancellation shouldn’t be the first move because these loans are concessional, meaning that their terms are favourable.
So what the Treasury should do is to prioritise their absorption by facilitating the various implementing agencies to meet the preconditions.
This was the position of Treasury Cabinet Secretary Ukur Yatani when he came into office but it seems like it didn’t take off.

Lastly, the Controller of Budget summarily told the taxpayers that the country’s debt management programme is just lip service.
For example, in this financial year 2021/2022, debt repayment is budgeted at Sh1,169,165,030,917, which is 36.6 percent of the budget — the highest component of the budget and around 65 percent of total tax collection. Shouldn’t this mean that we should expect more domestic borrowing to repay foreign loans?

Kenya’s debt trap deeper than thought | Business Daily

kukopa raha ila kulipa matanga.. mchina kamatia hapohapo..
afu mwakani wana uchaguzi
hawa jamaa wasipoachia bandari yao kwa wachina! sijui!

 

[ndughuri msuya]

Bado sanaView attachment 1949336View attachment 1949337

Unalinganisha quality ya Tanzania na huo uchanja wa mchina

 

[Simon]

hehee

 

[komora096]

Unalinganisha quality ya Tanzania na huo uchanja wa mchina

Wivu sasa huo

 

[ndughuri msuya]

kukopa raha ila kulipa matanga.. mchina kamatia hapohapo..
afu mwakani wana uchaguzi
hawa jamaa wasipoachia bandari yao kwa wachina! sijui!

Kuna habari kwamba huo mkopo ni wa kuiokoa bandari ya Mombasa isitwaliwe

 

[diamond d]

wenzetu wanakamuliwa kurudisha mkopo wa mchina kwa SGR iliyojengwa nusunusu, afu sisi tunaagiza ndege kwa hela cash.. na soon tunasainisha deal jipya la SGR
View attachment 1949776
View attachment 1949777

Hivi na hzi ndege Tano zinanunuliwa cash au?

 

[komora096]

Umeona tofaut ya sisi na nyinyi failed state

Tanzania updates my foot, nynyi external debts ndio mumejaza katika madeni yenu..
Nchi maskini

 

[Kafrican]

angalia mwanamasumbwi namba moja afrika anatokea wapi middle weight

Sent from my HUAWEI GRA-L09 using JamiiForums mobile app

Labda unipe jina manake hata hio middle weight iko na levels nyingi za championship.... Alafu bingwa wa Africa si kitu, kuna michezo mingi sana ya Africa tunashikilia ubingwa, lakini tunapotoka kule nje tunaonyeshwa kivumbi.. Ukiwa top 5 bingwa wa dunia hapo ndo ntampa huyo mwanandondi wenu heshima

 

[The best 007]

kukopa raha ila kulipa matanga.. mchina kamatia hapohapo..
afu mwakani wana uchaguzi
hawa jamaa wasipoachia bandari yao kwa wachina! sijui!

Nategemea kuona Kenya ikiwa kama Afghanistan
Uchaguzi ushafika tayari na lazima wauwane

Na msitegemee kuja kuweka kambi Tanzania mana tushawajua ninyi ni washenzi yani mkenya hapendwi na haaminiki kabisa mbele ya mTz.

 

[Mac Bully 001]

🇰🇪

 

[The best 007]

View attachment 1949807
View attachment 1949808
View attachment 1949809
View attachment 1949810

America au sio

 

[Lwiva]

Ukileta upumbavu unataka nani akuchekee? Atakuchekea Mkeo fala wewe na kwa taarifa yako Unajisumbua ,punde ukileta upumbavu wako nitakukoti kuweka sawa na huna cha kunifanya..

Na deal na contents zako si deal na sura yako kima jike wewe.

Content wapi ,,,,,,kwani umemaliza ku deal na mkunyenge