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Singh @DumeSingh
, 10 tweets, 4 min read Read on Twitter
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…
While China’s government debt remains contained, at 46.9 percent of GDP as per latest figures from the Bank for International Settlements, top policymakers have recently raised concerns about a sharp build-up in household debt.

reuters.com/article/china-…
A nation will pay its way out of debt through the strength of its economic activity.

Growth is the engine that helps drive repayment of loans.

An indispensable part of External debt-management policy should be the building of formidable export platforms.
theeastafrican.co.ke/business/East-…
The "most generous, globally unmatched, pro-development Kenyan money bag and true friend."

qz.com/1324618/china-…
Sh870.62 billion to pay off Kenya’s maturing debt and interest in the current year.

businessdailyafrica.com/news/landmines…
The BIGGER the DEBT(domestic and foreign), the LARGER the ECONOMY.

Ethiopia $47 billion.
Kenya $43 billion.
Tanzania $20.5 billion.
Uganda $10.7 billion.
Rwanda $3.78 billion.
Burundi $2.26 billion.

theeastafrican.co.ke/business/East-…
SUBSIDY characterised SGR to COST a whooping Sh800 BILLION minus INTEREST on the loan, upon commencement of the final infrastructural leg to Port Florence, Phase 2B.
businessdailyafrica.com/corporate/ship…
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More from @DumeSingh see all

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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…
Read 5 tweets

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Hello everyone, welcome to @Nairametrics Corporate News roundup for the week ended October 13, 2018. This thread is BTU by @BluechipTechNG

Thread Starts here
As usual, kindly retweet the first tweet of this thread so others on your timeline can also follow. Please feel free to retweet, comment and provide any useful insight into some of the news we will share today.
It's a loaded thread so be patient with us as the stories roll in. Subscribers to our Newsletter will get a version of this thread on their mailbox including useful links to some of the stories here. You can subscribe by visiting nairametrics.com

We begin...
Read 84 tweets
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#Khashoggi Case Thread: I am going to ‘pin’ this post to use it as an ‘Info Thread’ on the #Khashoggi Case. I am in #Turkey. I’ve been following the case closely and with access to sources & experts here. This is a very ‘sensitive’ criminal case due to ‘Diplomatic Booby Traps’!!!
The Evidence Obtained Outside Cameras will not show any evidence of ‘tempering’ but other than license plates of dozens of diplomatic cars (Many with tinted windows-large trunks) with related time stamp, drivers Info, model/year: Nothing.
#Turkish Intel-Investigative Bodies also have the list of all Diplomatic & Private Saudi & “other significant’ Planes in #Turkey for the period of ‘interest.’ Many of the Target airports have their own security cameras & related evidence.
Read 335 tweets
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A reminder about Scott Morrison’s record. A thread:
Under Scott Morrison as Treasurer, the deficit has doubled.
Gross debt has crashed through the half a trillion mark – for the first time in Australia’s history.
Read 9 tweets
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NEW #QANON #JUL30

HOUSE ON FIRE Edition.
🔥🔥🔥🔥🔥🔥

THREAD>>>>>>>>>>>

#Qanon #Q #FollowTheWhiteRabbit #TheGreatAwakening #Qanon8chan #TheStormIsHere #TheStorm #Breadcrumbs #WorldWarQ #Qarmy #TRUTH
I would like to kick off this thread with a song from one of my favorite bands...

(Yes there is a reason my username is @punkassaudrey.)

🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥

RISE AGAINST - HOUSE ON FIRE

Today I say a prayer of PSALM 83, that the Lord would burn their Evil House to the Ground, that the Lord would ignite in the people a fire to search out Wisdom & Truth, & that the Lord would take the Holy Waters & put out the fires currently burning in CA and across the World.
Read 117 tweets
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#DisclosuresTribunal Paul Reynolds, of RTE, has resumed giving evidence
#DislcosuresTribunal Michael McDowell SC, for Sgt McCabe starts to say: "Chairman, Noel Whelan made an intervention yesterday..." But there's no Garda legal representative here
#DisclosuresTribunal [NOTE: Yesterday Noel Whelan, for AGS, asked if Sgt McCabe was still maintaining the allegation about RTE's reports on the O'Higgins' Commission of Investigation on May 9, 2016 - that NOS was the source for them - given the person who alleges telling him...]
Read 167 tweets
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Folks, I hate to give stick to the Kenya press corps but coverage of incident I which an MP was arrested for Treasury Bill fraud is not being explored.
This implies that someone found unauthorized ways to add to the total public debt.
And with a total debt stock of upwards of $40 billion, I shudder that even if this mischief affects only 1% of the total, then some people have become wealthy through manipulation of debt data.
Read 20 tweets

Trending hashtags

#Kenya #Saudi #biomedicalization #breastfeeding #USGov #SuudiBaharı #Kill #First #DisclosuresTribnal #BM #PBS #China #endthread #Syria #Iraq #NYTimes #HighAlert #TradeWar #Assange #DisclosuresTirbunal #Divorce #Embassy #HR #DIslcosuresTribunal #Director

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