Why can Kenyans not fund the Mombasa Expressway

[DeepInYourMind]

Or other similar mega projects?

Can Kenyans not raise 468 billion shillings for the expressway? That will be 2.34 million kenyans raising 200 000 /-. Or a larger number with some depositing more and others less. Kenyans will own the project and the returns and benefits remain in the country. With proper negotiations and good financing deals the amount needed might even go below 468B

 

[upepo]

Locals wakishikana na diaspora wanaweza fund hii kitu rahisi sana. Annual remittances huwa 600 billion, which means Kenyans abroad can easily raise 300 billion over three years alafu uongeze local 150 billion over three years. But that requires a government people can trust. Same thing with affordable housing. Raising funds from the diaspora would be a breeze.

 

[Mwalimu-G]

a government people can trust

Underline that.

 

[Young_Turk]

Or other similar mega projects?

Can Kenyans not raise 468 billion shillings for the expressway? That will be 2.34 million kenyans raising 200 000 /-. Or a larger number with some depositing more and others less. Kenyans will own the project and the returns and benefits remain in the country. With proper negotiations and good financing deals the amount needed might even go below 468B

Because 89% of revenue goes towards paying off odious debt.

Kenya’s Public Debt Interest Payments On Pace to Cross KSh 1 Trillion in 2025

Kenya's fiscal structure has undergone a dramatic shift, with public debt interest payments rising at an unprecedented pace.

kenyanwallstreet.com

Rising Fiscal Sustainability Risks:
Total public debt crossed KSh 10.93 trillion by December 2024. The debt service-to-revenue ratio continues to worsen. Interest payments, on pace to exceed KSh 1 trillion, raise alarm over Kenya’s ability to manage its fiscal position.

“Debt servicing has become a major burden, consuming almost 80% of ordinary revenues. Kenya’s fiscal health is fragile, with most resources now channelled towards debt repayment instead of development,” Swakei added.

kama 10% ni recurrent expenditure

Hio ingine yote plus deficit NI MA LOANS!

Jimi Wanjigi spoke on this in great detail.

Enjoy.


WANTAM!

BTW in 2020 ilikuwa 45%

https://www.businessdailyafrica.com/bd/news/45-per-cent-of-kenya-s-tax-revenue-to-be-used-for-debt-repayments-2185834

 

[Denis Young]

 

[Young_Turk]

Buda. Si ufanye maandamano bro? Saa hii ni saa ngapi unapost on a Saturday????

Ama ni Sabath??

Hehe

WANTAM!

 

[Young_Turk]

Buda. Si ufanye maandamano bro? Saa hii ni saa ngapi unapost on a Saturday????

Ama ni Sabath??

Hehe

WANTAM!

Also, My fellow Kenyans

Mjue Tolls -->

From Coast to Kisumu

Will be at least KES 5,000

Tayarisha matako omwami!!!

WANTAM!

 

[Cortedivoire]

PPP is another way for kasongo kughula