Do you really believe in what you are writing here ama ni kupayuka tu?

When the feds raise the US interest rates, they STRENGTHEN the dollar not weaken it...Ai! That's why you see the current capital flight from frontier markets such as KE to the US stock exchange and as the USD gets its strength, everything sold by the dollar becomes valuable...those flowers from Naivasha, those Agoa goods, that tea (see why farmers in Kericho are rich) Now if you add oil in the mix, What are we looking at?

On libor....the 12 months libor rate of Aug 2013 when KE was signing up that loan was 0.6683, what catastrophe will cause it to get to 10 in 2023? Wouldn't that be a recipe for recession?

Now on the pipeline GOK is in a joint venture with Tullow and Toyota so yes you get to pay for that too. But on a more serious note, should Kenyan not explore the oil in Turkana because the price might go down? Really?

According to you the lunatic did nothing, so how did Londoners get tea from the eastafrican highlands?



You are right on one thing, wealth is created by employing the factors of production, Land(includes all Natural resouses), Labor(Human capital) Capital(Includes all manmade resources) Enterprise (which brings all the previous resources together for production). Now what would you be manufacturing if you cant exploit the natural resources, produce something using cheap electricity? Transport something using the cheapest form of transportation?

When a country takes up loans for infrastructure projects that lead to conducting business cheaper the "debt" becomes leverage.

@Wukan , I'm not arguing for expensive infrastructural projects. You should provide realistic examples that fit into the context not theoretical non starter examples. The example you gave about can't work keeping other factors of production constant.Fact is that, it is cheaper to transport finished products than equivalent raw materials required to process the same amount of finished products.

Can you therefore give an example of inexpensive TRANSPORTATION of goods not INFRASTRUCTURE required to establish an INDUSTRY. Read the context of your argument before giving examples.

Who wouldnt want to buy 10 yr USD paper at 7.25%?

Only a fool would pay that much...

Wow, pls share details of all these nations who owe us money?

This is a first...I'm surprised no one talks about this information.

An old man sitting on a stool can see farther than a young man who has climbed a tree.
I recall sometime back when mumias wanted to do sugarcane plantations around the tana delta area then process the same in kakamega, thus raising output and lowering prices based on two points: 1. Bulk production of cane plus transportation upwards would reduce the price per tonne of cane, so that(for example) if farmers want to be paid sh. 4000 per tonne for 100,000 tonnes while mumias works to produce cane at sh.2000 per tonne for 500,000 tonnes, then cane purchases/acquisition would end up at {(2000*500000)+(4000*100000)/(500000+100000)} thus approximately sh.2350 per tonne Improving their extraction processes and it would be evident that the sugar would be as competitive as brazilian and/or zambian sugar. 2. Weather in areas like kwale, where KISCOL is irrigating sugarcane and says maturity is a year compared to 18 months for cane in western kenya. Thus in 3 years, cane in the coastal area has been harvested 3 times compared to 2 in western kenya. I think you get the drift of the production and crushing capacity item. Same strategy with maize, galana kulalu is working towards producing ~2 million bags of maize, per bag costs would be drastically lowered when mixed with maize bought at sh. 3000 per bag from farmers. The maize stocks would also be able to support the animal farming industry via production of silage, enabling milk yields remain constant throughout the year and to some extent lower milk prices due to lower feed costs and stable milk production. Target is to feed ourselves and become net food exporters. The loans we are crying about would be easier to clear,seeing how in 2017 we spent between 40 and 60 billion in subsidies for maize and sugar. With those savings and even more exports (e.g. selling maize and handling logistics for NGOs in South Sudan, Southern Ethiopia, Somalia, CAR, DR Congo...the potential becomes clearer by the day.
Let's ignore the busy-bodies called activists who would rather we let rivers flow all the way to the ocean instead of utilizing the waters for our benefit, lets take economists speak on costs not being viable with a pinch of salt. These are not investments that are supposed to bring/show returns in 3-5 years; they are expected to last a lifetime, just like the metre gauge line has for the last 100+ years. Rewards will come.

Galana Kulalu again, ok

Granted.

Someone somewhere did the Seven Folks Dams while Minji Minji is supervising a Dam in Our County.

My problem is that right now, the Senate is preparing the budget for the next financial year and these busybodies should be sending their wish baskets to them and not wasting bandwidth posting mathogothanio all over the Virtual Republic.

What if the county govts of mayakos, makueni, embu, meru, garissa, tana river, kilifi supplied water pumps for irrigation for all those living within 10km of the 500km tana and Athi rivers? Or the county govts compulsorily acquired the land for food security like egypt has done. Those counties would be feeding kenya and even minting billions from food exports. If egyptians can do it, kenyans surely can. Muwache kulalia masikio.