Profile picture
Singh @DumeSingh
, 5 tweets, 3 min read Read on Twitter
So bad is Kenya’s debt position...

And the investors like vultures circling the sky for carrion, are ready to swoop down on the country ~ @StandardKenya
Five years ago, Japanese loans to Kenya stood at Sh107.4 billion, and the decline in the intervening period as Chinese debt grew is being seen as indicative of the shift in economic influence in Africa between the two Asian economic giants.

businessdailyafrica.com/economy/Sh534b…
The Treasury has reached a deal with investors for rollover of a further Sh10.88 billion in loan repayments which were due in the year ended last month, latest statistics show.

nation.co.ke/business/Treas…
The planned borrowing of Sh5.7 billion from multiple financiers for Solar power station in the Central Kenya project is an ambition that appears to be blind to the already high levels of state-guaranteed debt that KenGen already carries.

businessdailyafrica.com/analysis/edito…
@threadreaderapp unroll.
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Singh
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

More from @DumeSingh see all

Profile picture
Treasury borrows Sh32bn for arms.

Kenya’s public debt recently crossed the Sh5 trillion mark for the first time, pointing to a looming increase in debt servicing obligations, including interest and principal repayments.

businessdailyafrica.com/news/Treasury-…
The fact that a borrower is a slave to the lender is a wise dictum for the Government to apply.

standardmedia.co.ke/article/200128…
The Chinese loans terms are unfavorable to Kenya, and funding from the African Development Bank or the World Bank would be cheaper.

If we leave these big infrastructural projects to the corrupt elite and crafty Chinese contractors, they will bankrupt us.

qz.com/707954/china-n…
Read 10 tweets

Related threads

Profile picture
Five years ago, pro-Israel activists in an audience misinterpret a speech by the Palestinian Ambassador. Corbyn jokes that even though they lived in England all their lives, they had less understanding of English irony than the Palestinian Ambassador. What's the problem?
Hirsh writes: "Imagine if Corbyn had said this about a non-Jewish Zionist; take for example the well known Zionist Tony Blair. What sense would these words possibly have made in that context?" engageonline.wordpress.com/2018/08/23/cor… Well let's plug it in and see...
"Blair clearly has two problems: one is he doesn’t want to study history and secondly having lived in this country for all his life, he doesn't understand English irony either. Manuel does understand English irony and he uses it very very effectively."
Read 8 tweets
Profile picture
Japanese ambassador says he “hopes” EU-Japan trade deal will be applicable to UK in Brexit transition period
Chinese ambassador says stringent Tier 2 visas, in particular wage floors, are a challenge for future trade deals
Japanese ambassador asked if the issues pushed in its September 2016 memo (revealed by @Skynews) have been addressed:

“That was close to 2 years ago, and we are waiting”..

Also says: “We worked through summer..gave up our holidays” to get that ready 3 months after Brexit vote”
Read 8 tweets
Profile picture
Five years ago today, the power of the Voting Rights Act was stripped in Shelby v. Holder, a case that no longer required states be held accountable when enacting changes to their voting rights laws. (1/6) vox.com/cards/voting-r…
This decision opened the door for discriminatory voting legislation, specifically laws that disproportionately affect voters of color.

@BrennanCenter documented 16 states where legislation has been passed to create more barriers to the ballot box since the Shelby decision. (2/6)
In the five years since Shelby, the United States has witnessed its harmful effects and endured attack after attack on voting rights through voter purges, limits on early voting, barriers to voter registration and so much more. (3/6) medium.com/@LetAmericaVot…
Read 6 tweets
Profile picture
Five years ago, five justices on the Supreme Court invalidated key provisions of the Voting Rights Act that for decades protected voters in states with pernicious histories of voting discrimination. Don't forget what happened in the immediate aftermath of this appalling decision:
Within 24 hours of the decision, the conservative justices prompted a deluge of voter suppression legislation. Texas and Alabama announced plans to plow ahead with restrictive and previously blocked voter-ID laws. Weeks later, N.C. passed its monster voter suppression law.
Five years later, the landscape is worse: The Republican voter suppression campaign now has the enthusiastic endorsement of the nation’s president – a president who is stacking the federal courts with the very people who cheered the dismantling of the Voting Rights Act.
Read 13 tweets
Profile picture
Five years ago today, two bombs exploded near the finish line of the Boston Marathon. Three people died, and hundreds were injured. Later that week, all hell broke loose in the Boston area. We still don't know who built the bombs.
In 2015, Dzhokhar Tsarnaev was found guilty of bombing the marathon and killing an MIT police officer. He was sentenced to death. The FBI seems to have moved on. But key facts in the case are missing. This is a thread about the loose ends.
The bombings happened on Marathon Monday, April 15, 2013, at around 2:50pm. For days, the government wouldn't say anything about whether it had suspects. Then, on Thursday April 18, at around 5:20pm, the FBI released photos of its suspects.
Read 64 tweets
Profile picture
Five years ago, I attended a briefing by an Israel intelligence officer. Everything he said is still correct. Thread.
Assad will never step down. To remove him he will have to be killed.
Syria will use its military and every asset including chemical weapons to keep Assad in power.
Read 8 tweets

Trending hashtags

#OrganHarvesting #uklaw #Ireland #Clinton #sharemondays #wandsworth #ukbloggers #Medal #Employment #platforms #policy #investigation #duped #awards #Legion #EU #Arizona #customers #NewsToday #Nixon #UnitedStates #civilrights #corporatelaw #Google #Champagne

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($3.00/month or $30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!