Some of my good friends keep asking why I keep on cawing regarding financial close and why is it important in a PPP?

I will use the example of the Rironi Mau Summit road and in particular the first phase ie Rironi to Gilgil ( A8 ) and Rironi to Naivasha ( A8 South )

https://twitter.com/xysist/status/2019090547701408020

As per my last explanation, the tarriff for the road can ONLY be fully agreed on once early works are in place. The early works include the detailed designs that subsequently give rise to the engineers' cost estimates. So tarriff has been set = design + cost is locked.

Bomas International convention Centre ( BICC )

Visited this ongoing project courtesy of @AcekFL_Kenya the platform for young engineers under Association of consulting engineers of Kenya ( ACEK )

This render is what phase 1 is supposed to look like when done The master plan has various sections

Phase 1 : convention zone

Phase : heritage and living zone

Phase 3 : shipping mall

Phase 4 : sports arena

Phase 1 is what is currently under construction

My first Substack post is live

Will be addding several other posts within the day

open.substack.com/pub/estrendat/… Finally, the Fog Lifts: JKIA Is Getting the Upgrade It Has Always Deserved
open.substack.com/pub/estrendat/…

Pale PPP tumefinya wakadelete

Engineering cannot be rushed. Design , costing and value engineering will have to take a year especially for a PPP project where the contractor bears a lot of risk.

We wait for financial close My buddy @K2grind will have a field day with @Adenya_E

@kinjeketile

“ 360 estate was developed on a seasonal stream called Sabaki which runs from JKIA land near Cabanas through syokimau estate , syokimau dam , behind Mlolongo , Kenchic farm and crosses Mombasa road at signature mall sabaki stage. Just before Athi river interchange. When syokimau farm ranch was subdivided into residential plots , the surveyors and planners didn’t map out the seasonal river as a reparian reserve,
Developers bought the land and developed residential apartments , diverted the seasonal stream to the edge of the plot ..

PPPs are different from the usual construction you’re used to

These are the phases in a PPP project:

1. Project Identification & Feasibility
2. Structuring & Transaction Preparation
3. Procurement & Preferred Bidder
4. Commercial Close
5. Early Works
6. Financial Close

https://twitter.com/wavesandstorms/status/2018996701290529018

7. Construction
8. Operations

The launch done by the president was the ‘ Commercial close ‘

You guys remember the hydrological cycle ? A simple thing; Evaporation/Evapotranspiration - Condensation - Clouds - Rain - Infiltration /Surface run off

Yes? Let’s talk about groundwater and surface run off.

https://twitter.com/wordslinger__/status/2009943946915655866

Well, when it rains and land has vegetation , the rain droplets are trapped by what we call interception by plants eg trees then trapped by small depressions on the ground - we call that detention storage.

Further , grass impedes flow of water forcing most of it to infiltrate

I had been thinking of getting a Samsung soundbar Samsung Q900F which I can’t get locally so I asked around who can assist me in sourcing a unit and @deltexlinkcargo through their agent @gibzgait seemed to know their shit so I hired them.

This thread is my experience with them So @gibzgait Dmd me when he saw me asking about shopping options and he went ahead to introduce himself and their company and the services they offer. He told me he can source the sound bar for me from anywhere.

Almost asked if they source from Asgard

I used to give people quotes for building houses with certain finishes because I had real time experience and what’s wild is the a house can be built for 6m and the same house can also be built for 14m. My experience is that most people don’t get to experience the 14m side because they tell their designers/contractors ‘ nataka Kama ile ya Kamau’ because of limited exposure /conservatism.

However , if they let the professionals give them many options and allow creativity

Good evening fellas

Some of you are wondering who the late Cyrus Jirongo was and what role he played in Kenya’s decline and why was Ksh. 500 called Jirongo?

What happened between 1990 and 1993 that messed up Kenya’s economy?

Buckle up and find out. Let’s start with History. Moi became president after Kenyatta in 1978 and 4 years later in 1982, there was an attempted coup de tat that was quelled. Moi enacted a one party state after that and tortured dissidents and suspects in the famous Nyayo chambers.

IMO, Nairobi-Mau Summit highway will take at least 5 years to complete. I estimate the earliest competion date at 2030 unless the following are adressed:

1. Detailed Engineering design for the entire corridor including drainage, slope protection , tunnels, and any bridges. 2. Comprehensive land valuation and processing of titles all along the road reserve where land acquisition is confirmed subject to the proposed design. Proposed design has to be optimized to reduce these acquisition costs hence will take time on the iteration.

Business daily has explained the situation here well and I think maybe government could borrow a leaf.

1. CRBC + NSSF consortium bid for the Nairobi Nakuru Mau summit road against Shandong Hi Speed and won.

2. CRBC later reveals projects worth more than $1B

https://twitter.com/roads_ke/status/1993297624502611999

must undergo review in China, a process that would take up to 1 year delaying the project

3. Government decides to split the project into two: CRBC to do Nairobi - Mai Mahiu- Naivasha- Gilgil and Nairobi - Gilgil while Shandong to do 94km of Gilgil to Mau Summit so CRBC < 1$B

Implementing this policy will most definitely raise KRA collections from the current 2.4 trillion to at least 3 trillion in before 2028.

Many ‘ informal ‘ businesses will be formalized. Imagine if you supply Maize to some local school. You harvest from your shamba or buy from local guys then deliver and get paid 300k, now the school will ask for an etims receipt to file taxes.

This means KRA automatically knows you got paid 300k so you must declare etims expenses or pay tax on the 300k because it will all be treated as profit.

Tax consultants are about to eat good. This directive will affect all street smart fellas. Buckle up the payslip has reached elastic limit. The informal sector is on the stand.

Whereas Kenyans are coignizant with the need to bring on board more power owing to increasing demand, we urge the government to carry out the process of awarding new PPAs in a transparent manner. Parliament placed a moratorium to PPAs in 2018. They need to share a report on what REFORMS the government has been working on to ensure kenyans get value for money and the janja janja by Okemo and crew where skewed PPAs were awarded is not repeated

You need to be fair with how you calculate these taxes. Someone should not be punished for buying a car. How is a car whose CIF is Ksh 2m attract a tax of Ksh 4m?

We understand we need to collect income but twice the price is not it @KRACare Car tax system has to change. At least if the CIF is 2m maybe have 2m as tax ( For 7 year old cars)

Newer cars should have less tax along with hybrids and electric vehicles in my view.

When I was earning 70k my savings were 40k a month. I figured early enough that the more I get older the more the responsibilities so I front loaded my savings

Now I can save the 14k mentioned here but the 40 I saved for at least 2 years gave me a good head start. Always save.

https://twitter.com/theabojani/status/1977301988573319386

Remember as you grow older you’ll probably be involved in fund raisers, kids will come along , and many other issues that need money. You should maximize saving when you have little expenses the money comes in handy in future

I have been doing a lot of soul searching , trying to understand what the issue with Kenya is. After a 5 year thought process , I have a conclusion that Kenya’s problem is not the government, but the people. Well, the government is of the people , for the people and by the people. When one says the government is the issue, you’re essentially saying that you are part of the problem.

My first submission is our mindset. I think most of us have a barbaric mindset.

I have realized after a long time observing how majority of Kenyans think and operate and I think the best way to operate in Kenya is by being a benovelent villain. Con people and make it look like you were just trying to earn a living then ' reform ' afterwards. Works 100% Just con with impunity then reform and ' give back to society' if you can blame Satan and a few external factors then denounce him after you are rich and say god did, even better for you. Get into remand a few weeks and come out ' stronger'

This is the perfect business plan.

Let me give my insights on my current thinking of Thuggenomics, from the OG CBK governor. What is his plan on stimulating the economy? Some of this is being alongside Treasury. So let us get into my insights ( What I think, might not be accurate but still its what I think ). 1. When Ksh. slipped to 160 against the dollar, the first step was to stabilize the Ksh. Volatility was too high because and lots of high net worth individuals converted ksh to USD and there was lots of capital flight from kenya. The culprit? A $2B Eurobond that was due.

Nimeona video ya Tahmeed Logistics palee Bus Life KE nikakumbuka walinifanyisha design then WAKANIOSHAAA clean wakatumia my ideas to construct the facility.

Nlifanya all the designs hadi renders na cost estimates.

Nlikaribishwa Taon.


Link hii hapa

Hata BOQ bado niko nayo. Kenya hata watu wako na pesa bado wanakuosha tu. I was not paid A SINGLE COIN for the work done.

Mambo ya Tahmeed balaa

Fuel ( AGO, PMS, HFO, jet fuel etc) cost this country Ksh 500B annually , and which is denominated in foreign currency with vegetable oil at a distant second. This is a huge risk because it forces Kenya to hoard foreign currency to ensure we meet this demand. Fuel being a main component that spurs production, affects all sectors of the economy. When Ksh get weaker we pay a lot for fuel hence leads to inflation almost immediately, or government is forced to give huge subsidies that are unsustainable in a tight fiscal space.