Worried about where the economy is headed? Take a look at Ghana. 1 for 1 comparison.

[Young_Turk]

 

[Young_Turk]

 

[mzeiya]

The current regime is smiling from ear to ear because the WB has announced 1,800,000,000,000/- of LOANS on top of the existing debt.

On one hand, it's a good thing since it reduces the risk of default, the option of restructuring and for those of us who trade with kafment via T-bills and bonds, we can breath a sigh of relief.

But! But in the long term...

 

[wrongturn]

This was said back in 2019,everyone knew it will come, no wonder Rao was put closer

 

[DeepInYourMind]

The current regime is smiling from ear to ear because the WB has announced 1,800,000,000,000/- of LOANS on top of the existing debt.

On one hand, it's a good thing since it reduces the risk of default, the option of restructuring and for those of us who trade with kafment via T-bills and bonds, we can breath a sigh of relief.

But! But in the long term...

So the political class borrowed money, stole a significant chunk of it, little return on investment on projects the said money was to finance, staring financial collapse, raised taxes on mwananchi to continue running the bloated govt, and now borrowed a whole lot more. It's like perpetually trying to postpone the consequences, but the will eventually come. If not on your children, it will be on your children's children.

I mean, even when the country is facing a cash crunch we still have billion shilling oil scandals. What of when loans start flowing in?

 

[wrongturn]

https://x.com/Kenyans/status/1726854922715480431?s=20

https://x.com/ConradKulo/status/1726820773955092664?s=20