I have long made it a habit to study money and its movement to understand power politics, and relationships. To see which side a regime is favoring I just have to look who it receives most of its money from and where it is spending its billions.
Ever since the the ICC cases against our president and his deputy have been alive there has been an incessant hue and cry against the Western countries in their lead towards neo-colonialism and a the perception of their meddling in our affairs. All I know is that thee is always truth in rumors and the louder the allegations the more likely we have a fresh carcase somewhere.
There has been much talk about a planned Euro Bond that is supposed to shore up our budget for the coming financial year and greatly boost development efforts. When there was talk of getting our books in good order so that the international banksters could give us a good deal of health, some sly tenderpreneurs saw a goldmine just sitting there for the taking.
Apparently there was an ongoing case against the government in an English court concerning shady Anglo Leasing deals that were not paid or cancelled or something soon after the rot became evident. Some of the faceless companies behind it started pushing for a payment based on the court order knowing the government didn’t want to show that it was not willing to honor international agreements. So either pay up or never get any more money.
I must admit its a stroke of genius. Which only lends me to think we either have a terribly incompetent state law office or this was ignored intentionally. Crises are very profitable affairs. The shadowy companies were paid by the way. In lumpsum to a single bank account in the UK. The same shadowy company is now asking for another Kshs 3 Billion for another slew of contracts.
Aside from this still developing story, China has been in the news for a long time now mostly acting like a benevolent Santa Claus happily dishing out goodies and not really doing much about the continued slaughter of Elephants and Rhinos to satisfy the Asian Market (Read Chinese). Its almost like trading one master for another. Dump neo-colonialism and embrace Market dominance by the East along with plundering of resources.
Kenya’s budget will be read in a few days and aside from the regular taxes added unto ‘luxury’ goods, we are likely to significantly increase the national debt with the help of loans from the Asian Giants. Social spending is likely to be reduced, Military and security forces spending shoots up and big corporates get a some kind of tax-break.Capital Gains tax is unlikely to be reactivated any time soon and with it profits will constantly trickle out of the country.
It has been a tough (half) year for most locally owned companies precisely because the government has not been spending as much as it should. Local contractors have struggled to pay for supplies and
It is my opinion that reliance on anyone is a bad thing as the US has seen with its unhealthy relationship with China. We are slinking into the same bed and our leaders would have us believe that we have absolutely no choice.
I pray the middle-class grows much bigger otherwise we are in for another 10 year ride down more debt.