Lessons from Sri Lanka

Aviator

Aviator

Elder Lister
France 24 TV has a very detailed documentary showing how the powerful Rajapaksa Dynasties in Sri Lanka brought the country to its knees....
In exactly what is happening in Kenya, a few powerful people held too much power. They negotiated Chinese Loans and offered their Ports as Collateral and privatized Several Public Institutions. They killed the opposition and bought off all the media houses. Instead of the media questioning their silly arrogant deals, the media praised them day in day out.
Without opposition and media scrutiny, the Rajapaksa Brothers went on a borrowing spree and built several expensive and economically unsustainable projects (Does Expressway and SGR to a private farm sound familiar? ).
However, when everything collapsed, everyone suffered.

Economic collapse Spares No one. If you buy Unga at 200, the Supermarket will not ask you if you are a sycophant to the ruthless Dynasties or you are against them.
If the Kenya shilling collapses, it does not matter who you are, it will hurt you.
However, the Dynasties have hidden the wealth in Pandora Sites and are now enjoying life in Miami, Paris and London, while their sycophants wallow in pain. Read the story here....

www.france24.com

The rise and fall of a political dynasty that brought Sri Lanka to its knees

At the height of their power, four brothers from Sri Lanka’s Rajapaksa dynasty held the presidency and the prime minister’s office as well as the finance, interior and defence portfolios, among others.…
www.france24.com www.france24.com

If you learn nothing from Sri Lanka, then you are beyond redemption.
Our biggest threat is not corruption. It is this small clique similar to the Rajapaksa Brothers in Sri Lanka....
We have a chance to stop them... Then deal with other problems later. But removing them from power is not only necessary, but it's urgent.

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Field Marshal

Field Marshal

Elder Lister
Nimesema, nitasema na nitaendelea kusema, I will never coutenance nor tolerate low-IQ base-ya-jaba BS. The fact is, the Kenyan economy is robust, diversified and resilient. I do not trust the WB or the IMF, but this is their latest release on Kenya. They say the country will be among the top 10 best performing economies in the world.

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www.worldbank.org

Kenya’s Growth Expected to Slow in 2022 Due to Ongoing Drought, Ukraine Crisis

Kenya’s real gross domestic product (GDP) is projected to grow by 5.5 percent in 2022 and 5.2 percent on average in 2023–24. This growth rate, while still strong, will be a moderation following a remarkable recovery in 2021 from the worst economic effects of the pandemic, when the country’s...
www.worldbank.org www.worldbank.org

NAIROBI, June 7, 2022—Kenya’s real gross domestic product (GDP) is projected to grow by 5.5 percent in 2022 and 5.2 percent on average in 2023–24. This growth rate, while still strong, will be a moderation following a remarkable recovery in 2021 from the worst economic effects of the pandemic, when the country’s economy grew by 7.5 percent, much higher than the estimated average growth in Sub-Saharan Africa of 4 percent.

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Now, is there economic suffering in Kenya currently? Of course. Local factors have combined with global challenges to drive millions of our people deeper into poverty. First there was Covid epidemic that decimated our tourism sector and large swathes of the economy for two years. The food and oil shocks caused by the Ukraine crisis have worsened the situation badly. A litre of petrol was costing about Sh128 just six months ago, now it is Sh160. The ripple effect of that is horrendous for the poor.

To cap it all, rains have failed in more than half the country. Millions of animals have died.

Now is all the above Uhuru's doing?

Low-IQ, populist BS will blame an individual because it is convenient to do so. By pointing fingers, you conveniently fail to take responsibility for your financial mess as a result of, say, breeding like rats. I won't join that basement-level IQ bandwagon. I have a complex understanding of things. Yes, Uhuru and his gavament may have failed in some areas (fighting corruption, for example) but it is simply untrue that what we are experiencing is solely his fault.

And a personal note. I am deeply disappointed that a young man of @mzeiya's intellect and worldview can hitch his horses with the low IQ crew of akina @The Gay Tsar. I hope I won't hear next eti amejoin the Alphabet Nation...............
 
Aviator

Aviator

Elder Lister
Field Marshal said:
NAIROBI, June 7, 2022—Kenya’s real gross domestic product (GDP) is projected to grow by 5.5 percent in 2022 and 5.2 percent on average in 2023–24.
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Stop throwing figures up and down like a prostitute throwing pantie. Seek to understand what the figures mean and how they are worked out, and most importantest why the growth isn't being felt by the mwananchi. Let me enlighten you small.
If you go to the bank and borrow one million, and we drink all of it, your GDP for the period will have increased, but you'll be poorer at the end.

Field Marshal said:
I have a complex understanding of things.
Click to expand...
No you don't. The most you know is about the dirty tirries of Ndeiya (and recently, Kuria).

Field Marshal said:
but it is simply untrue that what we are experiencing is solely his fault.
Click to expand...
A CEO is 100% responsible for the success of his company.

Field Marshal said:
breeding like rats.
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Your rant would have been incomplete if you left this out.

Field Marshal said:
low IQ crew of akina @The Gay Tsar.
Click to expand...
I shall revisit in due course.
 
R

Ramses

Elder Lister
Aviator said:
Stop throwing figures up and down like a prostitute throwing pantie. Seek to understand what the figures mean and how they are worked out, and most importantest why the growth isn't being felt by the mwananchi. Let me enlighten you small.
If you go to the bank and borrow one million, and we drink all of it, your GDP for the period will have increased, but you'll be poorer at the end.


No you don't. The most you know is about the dirty tirries of Ndeiya (and recently, Kuria).


A CEO is 100% responsible for the success of his company.


Your rant would have been incomplete if you left this out.


I shall revisit in due course.
Click to expand...
It's sad when the supposed intelligent people are blinded by political patronage to ignore glaring economic blunders by the current leadership. No one has refuted the world is facing global inflation, however we're worse off as Kenyans as a result of irresponsible inflated expenditure on unnecessary projects..... Stupid policy decisions like the Corona lockdowns....ama Corona iliisha?
Ultimately we're experiencing more taxes, pushing the cost of everything upwards.
HYPOCRITICAL WANNABE KEYNESIANS
 
Denis Young

Denis Young

Elder Lister
There are so many people who have buried their heads in the sand sana sana the 60+ age group who have never evolved beyond mtu wetu syndrome.

I keep saying this. If you can acquire some foreign currency, the better for you. It is bad. The economy is being held up by a thread and we cannot afford another shock.
 
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