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Ksh 270 Billlion The cost of corruption per year.
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newfarer
#1 Posted : Friday, December 03, 2010 9:10:25 AM
Rank: Elder


Joined: 3/19/2010
Posts: 3,504
Location: Uganda
Its official ,We lose Kshs 270billion per year to graft .


Kenya is filfthy rich , If we can lose such a collosal amount and survive .No wonder there is so much discontent among the poor towards the rich

http://www.standardmedia...e%20to%20graft%20yearly

Wazuans , I urge you to avoid the temptation of corruption wherever you are , this figure is dizzying.Together we can reduce corruption.
punda amecheka
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Intelligentsia
#2 Posted : Friday, December 03, 2010 10:27:10 AM
Rank: Elder


Joined: 10/1/2009
Posts: 2,436
30% of that PAYE in your payslip goes to some fat cat in our 'swamp of corruption'.
But am curious - exactly where does it all go?
Even if i allow for a portion that is wired offshore, and another part spent on conspicuous consumption (non-developmt)consumption (such as buying choppers, luxury rides, kilimani apartments for gacungwas ,etc) a huge part of the 270b is still left within our borders. Exactly where is it? In what form - real estate (mushrooming housing estates), in banks?
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bwenyenye
#3 Posted : Friday, December 03, 2010 11:02:39 AM
Rank: Elder


Joined: 5/24/2007
Posts: 1,805
newfarer wrote:
Its official ,We lose Kshs 270billions per year to graft .




Boss this is a good topic but it should written as KShs 270 Billion and read as 270 Billion Kenya Shillings and not 270 Billions .I have seen this mistake happen alot even in Mianstream media. (They even confuse KES and KShs). I thought to inform you guys.
I Think Therefore I Am
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newfarer
#4 Posted : Friday, December 03, 2010 11:10:47 AM
Rank: Elder


Joined: 3/19/2010
Posts: 3,504
Location: Uganda
Thank you for the collectionsmile smile , bwenyenye.

Kizugu mingi namezwa na samaki.Kidogo ndio lifika.
punda amecheka
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