Kenya returned to the global markets on Tuesday paying a steep price to retire the sh304B Eurobond
Kenya returned to the global markets on Tuesday paying a steep price to retire the sh304B Eurobond
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Then the dollar will rise as the shilling falls.
Obviously the Central Bank has no pressure to repay the loans now, as it’s raining money season, and is busy rescuing the shilling. The problem with Government Economists is they are trained liars. First they tell you the shilling is over valued, now I guess tomorrow they will have another excuse why they are secretly rescuing the shilling and acquiring more debt that will be paid by future generations. This is all stage managed. Before Ivory Coast 🇨🇮 opened up the capital markets for Africa, these clowns were absolutely brain dead and the only solutions they had was to tax Kenyans to death. Thank you Ivory Coast 🇨🇮 for saving Kenya. We were about to start selling off Ionic Land Marks 🤡 Kenya Airways, kICC , Maasai Mara and possibly even Lake Victoria. With Mudavadi on the steering wheel anything is possible. This guy was finance minister during Goldenburg. Bure Kabisa!!
At least we understand the spike in the dollar market
Uhuru wewe.. mwizi wewe
Good news
The worst part is that we know this money did not help the common man yet they are forcing us to pay.
Good job 👍🏿
Eurobond was stolen!
Its RIP OFF.
The first Euro bond proceeds never went to the exchequer yet Kenyans are paying for it, beneficiaries are busy building their companies including Private airstrips while Kenyans are languishing in poverty 😂😂😂… Some people will never know peace
The bond shd be invested in agriculture
nimekwama apo kwa us inflation….
Can someone explain in layman's language..!!!