Ndii says that because that is how the project was sold, providing an excerpt from the feasibility study which has somehow never been made public: https://twitter.com/Davi...011876204457218048?s=20

If the project was sold to us on it's high profitability why are we still subsidising it? The operation can't even sustain itself if not for forcing importers to use it, yet we spent hundreds of billions on it

What rubbish, you just have to look around to judge how well this economy of ours is doing:
- there is growing unemployment, firms are shutting shop to unconducive government policies.
- people are dying of hunger in at least 10 of our counties, due to poor planning and leaving strategic agriculture sectors to be run by cartels
- the KRA is struggling to raise collections and is having to harass Wanjiku to raise money to pay for loans and wasteful government expenditure
- there is nothing to show for the immense amounts of cash spent on major infrastructure i.e. konza, galana, lamu.
- the interest rate cap is sucking capital from the vital sme sector so they are unable to grow

I'm just a layman, but I am very worried. I cannot see the supposed economic growth translating into prosperity for me. perhaps its only reserved for the small clique who rule this country.

World Bank report calls for more transparency over Kenyan debt https://www.businessdail...98624-ni5lbt/index.html via @BD_Africa

Let me leave this here https://www.capitalfm.co...artening-end-to-tax-row/

The Stanbic Bank Kenya PMI jumped to 54.1 in September 2019 from 52.9 in the previous month, signalling a solid improvement in the health of the Kenyan private sector. Sales growth accelerated to a 13-month high, leading firms to expand their output at a quicker pace. Employment also increased, as firms remained highly optimistic for future activity. At the same time, cost pressures weakened to a near two-year low, while output price inflation also eased.

https://tradingeconomics.../kenya/manufacturing-pmi