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High Cost of Projects Slowly Killing Kenyan Dream
enyands
#71 Posted : Saturday, July 02, 2016 11:56:21 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
FRM2011 wrote:
@maichblack, don't bother to respond to @sparkly anymore.

It's not worth it. He is either a member of the eating cabal (highly doubt it ), or one of those delusional sycophants.

Either way, the argument can only go downhill.


Applause Applause
sparkly
#72 Posted : Sunday, July 03, 2016 7:07:44 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
FRM2011 wrote:
@maichblack, don't bother to respond to @sparkly anymore.

It's not worth it. He is either a member of the eating cabal (highly doubt it ), or one of those delusional sycophants.

Either way, the argument can only go downhill.


You can tag-team with him. I will take you both on.
Life is short. Live passionately.
MaichBlack
#73 Posted : Sunday, July 03, 2016 8:19:09 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,845
FRM2011 wrote:
@maichblack, don't bother to respond to @sparkly anymore.

It's not worth it. He is either a member of the eating cabal (highly doubt it ), or one of those delusional sycophants.

Either way, the argument can only go downhill.

Agreed. No more response to him. It is no longer adding value.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
innairobi
#74 Posted : Sunday, July 03, 2016 11:44:27 AM
Rank: Member

Joined: 9/2/2010
Posts: 845
ooo uganda is shifting to mogadishu port, ooo uganda is moving to lagos port etc etc

"“The good performance was mainly attributed to Uganda recording a volume increase of 117,840 tonnes or 4.6 per cent,” she said."

http://www.businessdaily...6/-/132mbox/-/index.html
All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
limanika
#75 Posted : Sunday, July 03, 2016 6:54:31 PM
Rank: Veteran

Joined: 9/21/2011
Posts: 2,032
del
limanika
#76 Posted : Sunday, July 03, 2016 6:56:02 PM
Rank: Veteran

Joined: 9/21/2011
Posts: 2,032
[quote=innairobi]ooo uganda is shifting to mogadishu port, ooo uganda is moving to lagos port etc etc

"“The good performance was mainly attributed to Uganda recording a volume increase of 117,840 tonnes or 4.6 per cent,” she said."

http://www.businessdaily.../-/132mbox/-/index.html[/quote]


By the way, we don’t split hairs when others say they’re shifting to Durban, Khartoum, Djibouti, lagos, Durban, tanga, whatever. There are many countries doing just fine and they’re not transport hubs. ION, Ethiopia has grown its GDP by large margins within the last 15 yrs or so yet it is non mineral and not transport hub. +254 ought to support itself transport or no transport.
What we’re saying is that inflated project cost eats up resources that could be directed elsewhere…and if the returns cannot pay for the principal and the interest, this means you have to get resources from elsewhere to service the debts. This keeps our growth stunted. If I am wrong, I will be very happy indeed.
enyands
#77 Posted : Sunday, July 03, 2016 7:11:31 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
limanika wrote:
[quote=innairobi]ooo uganda is shifting to mogadishu port, ooo uganda is moving to lagos port etc etc

"“The good performance was mainly attributed to Uganda recording a volume increase of 117,840 tonnes or 4.6 per cent,” she said."

http://www.businessdaily.../-/132mbox/-/index.html[/quote]


By the way, we don’t split hairs when others say they’re shifting to Durban, Khartoum, Djibouti, lagos, Durban, tanga, whatever. There are many countries doing just fine and they’re not transport hubs. ION, Ethiopia has grown its GDP by large margins within the last 15 yrs or so yet it is non mineral and not transport hub. +254 ought to support itself transport or no transport.
What we’re saying is that inflated project cost eats up resources that could be directed elsewhere…and if the returns cannot pay for the principal and the interest, this means you have to get resources from elsewhere to service the debts. This keeps our growth stunted. If I am wrong, I will be very happy indeed.



Someone mentioned the interest repayment is 251b while loan repayment is 240b. Never know a situation where interest is higher than the loan repayment.when you see this then that's a redflag
innairobi
#78 Posted : Sunday, July 03, 2016 10:28:33 PM
Rank: Member

Joined: 9/2/2010
Posts: 845
limanika wrote:
[quote=innairobi]ooo uganda is shifting to mogadishu port, ooo uganda is moving to lagos port etc etc

"“The good performance was mainly attributed to Uganda recording a volume increase of 117,840 tonnes or 4.6 per cent,” she said."

http://www.businessdaily.../-/132mbox/-/index.html[/quote]


By the way, we don’t split hairs when others say they’re shifting to Durban, Khartoum, Djibouti, lagos, Durban, tanga, whatever. There are many countries doing just fine and they’re not transport hubs. ION, Ethiopia has grown its GDP by large margins within the last 15 yrs or so yet it is non mineral and not transport hub. +254 ought to support itself transport or no transport.
What we’re saying is that inflated project cost eats up resources that could be directed elsewhere…and if the returns cannot pay for the principal and the interest, this means you have to get resources from elsewhere to service the debts. This keeps our growth stunted. If I am wrong, I will be very happy indeed.


not sure who 'we' is but there are different claims by different people in this thread. was responding to one of them. though i'm yet to hear any rational person in kenya saying corruption is okay or its okay to inflate costs. my own problem as i've stated before is many people make claims of cost inflation, uganda cargo moving to TZ etc, without credible supporting data. when they do provide data, they dont want it interrogated. ni matusi tu.

using ethiopia as a growth model for kenya requires caution as its coming from a lower base. also, i am not sure i want a government that dispossesses me of my land whenever it feels like with hardly any compensation all under the guise of national progress. neither do i want a kenyan worker on the sgr earning slightly more than my househelp. ethiopia is a complex story. the oromo (largest ethnic group), amhara and somalis in ethiopia would likely not agree that ethiopia is moving forward for all. its just a few months ago that hundreds of oromos died fighting what the government packaged as progress.

the problem with many kenyans is we want to eat our cake and have it. we want ethiopia's growth rate without ethiopia's growth conditions.
All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
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