Uhuru Kenyatta: "Fellow Kenyans, we tend to forget quickly."
Uhuru Kenyatta: "You can always revive an economy, but you cannot revive a lost life."
But, politicians [himself included] have largely ignored the same pandemic restrictions he put in place.
#Kenya's President rationalizing the economic cost of the policies he put in place in 2020. Those policies, he says, prevented an average of 2000 lives per day, and average of 1 million cases by end of 2020.
The economic cost, Uhuru Kenyatta says, was "acceptable" under the COVID-19 pandemic.
I can't recall the last time he framed arguments on what policy option is ideal, in terms of their opportunity costs. Certainly doesn't happen often in other key issues [debt, anyone?]
The choice facing us now, Uhuru Kenyatta says, is how much to open up, and how much to still keep pandemic restrictions given the new variants of SARS-CoV-2.
The data, he says, shows that when pandemic restrictions are lifted, positivity rates rise. When restrictions are tightened, he says, the positivity rate falls.
More recent data sets from March shows that the positivity rate in daily tests has remained over 10%.
Uhuru Kenyatta: All forms of political gathering are hereby prohibited for a period of 30 days.
Not the first time we've heard this measure though. Last time, this was not properly implemented. What's different now?
Uhuru Kenyatta: enforce the order banning political and social gatherings, regardless of the social, economic and political status of the persons who are holding them.
Uhuru Kenyatta: Ceremonies at funerals, cremations, weddings, capped at 100 persons. Places of worship limited to operate at a third of their available capacity.
Uhuru Kenyatta: Govt officials directed to strictly enforce border health security, especially at informal border crossing points.
🤔🤔 Not saying so outright, but isn't this aimed at #Tanzania?
@MOH_Kenya directed to strengthen genomic surveillance in order to keep tabs on what SARS-CoV-2 variants are in circulation.
Uhuru Kenyatta: Nationwide curfew extended for another 60-days.
Ok, so far, we're not seeing any drastically new policies being announced here. Curfew extension was expected. The curfew exemptions granted to some businesses
Uhuru Kenyatta turns to vaccination: local experts are convinced that the safety profile of the WHO-screened & sourced vaccines is bankable. The vaccines we got via #COVAX are the ones made by teams at Oxford University & AstraZeneca.
So....how are these "social gatherings" to be defined though? Are music concerts, for instance, banned? 🤔🤔
I'll be *very* surprised if there's any actual implementation of the ban on political gatherings between now and April 16. Especially with a referendum in the pipeline on the constitutional changes he [Uhuru Kenyatta] has publicly backed.
Uhuru Kenyatta now switches over to elaborate on the policy measures in Swahili. Starts by making the case why there is a need to limit the number of people at funerals, weddings. We're not saying you should not have weddings or funerals, he says.
Uhuru Kenyatta: "Whoever breaks the directive to not hold political rallies, including myself, will be dealt with according to the law."
Given the lack of implementation of this directive the first time round, he's making this statement from a point of negative credibility.
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[THREAD] I’ve done a speed pass through some of the highlights, plus the #labor, #health sections of #Kenya’s 2020 Economic Survey. Some observations to follow.
TAXES & DEBT
@KeTreasury’s forecasting total tax collection of KES 1 771.4 Billion by end June. By end March, tax collections stood at KES 1 119.99 Billion.
How can KRA can magically raise KES 651 Billion Shillings in April, May and June. Seriously?
[2/n]
That’s approximately KES 217 Billion, each month, or nearly twice the average monthly collection [KES 124 Billion] between July 2019 and March 2020.
From an economy where consumer spending has drastically contracted. In the middle of a pandemic.
Health CS: "To the police, the people should be treated humanely. However, we are not going to hold back on the enforcement measured we have so far instituted."
Kenya's Health CS appeals to Kenyans to minimize contact with the police.
Comment: But when essential staff are being beaten by folks who are behaving like thugs in uniform, how is this adding value to the fight against #COVID19? 🤦🏿♂️
7 new confirmed cases of #COVID19, by #Kenya's Health CS. Total case count stands at 38, as of March 28.
In order to provide jobs and provide some certainty for employers and their employees, Kenya's President orders:
[1] Treasury to move to parliament to seek 100% tax relief for anyone making up to KES 24 000.
[2] Reduction of the top Personal Income Tax rate from 30% to 25%
[3] Reduction of the top rate of Corporate Income Tax from 30% to 35%.
[4] Reduction of turnover tax rate from 3% to 1%. Covers MSMEs.
[5] Appropriation of KES 10 B for the elderly, orphans and other vulnerable groups, to be distributed via cash transfers.
[6] Temporary suspension of CRB listing of any person, MSME, and even corporate entities whose loan accounts fall due or is in arrears from April 1 2020.
About 3-4 years ago, Kenya had a chance to be on the cutting edge of setting up drone logistics. We blew it. Spectacularly. Years on, Aviation regulators still clung to "security" objections, and then introduced extraordinarily draconian UAV operation rules.
[1/n]
Never mind that #Rwanda was way ahead of the curve in this respect. Vide: , from 3 years ago.
Re: the installation of a #Consul in Nairobi by the National Government.
Random questions.
[1] So who gets appointed to run matters? A political name we're familiar with? A no-name bureaucrat?
[2] Is this a quid pro quo deal?
[3] If one end of a quid pro quo deal is Gideon "Sonko" Mbuvi stepping out, what's on the other end of the deal? No prosecution? Dropping of some charges? A quiet retirement?
[4] The statement covers 4 units of the Nairobi County Govt: Health, Transport, Public Works, Planning.
But, Finance, Environment Energy & Water, Education, ICT & E-Gov aren't included. Co-incidence? Assuming it's accurate, are we still using the same command structure here?
One more observation about Kenya’s real estate puzzle.
Support infrastructure [roads, water, sewer services, schools, green spaces] are still mostly abysmal, *but* land and real estate prices still rise, even in places where these services are absent.
Have we gotten so used to not having, or demanding services that we pay for from local and national governments, that we [i.e. land and real estate buyers] just do not care?
At the very least, citizens shouldn’t be paying taxes on account of public services not delivered.
Another random observation on Kenyan real estate.
Anecdotally, there are more & more cases of land fraud being reported to the police and handled in courts. Ideally, the risk implied by such improper governance should trigger a fall in asset prices.