Lebanon is a net import of fuel - same as ours we import alot and have little sources of dollars save for tourism and tea. Lebanon had more tourists than Kenya but that never helped them. Point is our exports will not cover the dollar shortages
Diaspora remittances- Kenya relies on money from diaspora to get the green buck but with the COVID-19 things have gotten worse. There is a shortage of dollars being remitted. Lebanon had twice their population living outside the country that is more than 10 million people. They remitted dollars - with promises of high interest sai wanalia. Our diaspora is estimated at 3 million people- you can see why diaspora money will not save us.
IMF will knock our doors- When countries go to IMF for debt restructuring jua ni kubaya. IMF will give you so many tough conditions that will make the government unpopular. Kenya tuko hapa. People will get sacked, taxes increases, food prices increase and our pensions reduced.
That Lebanon story is scary. It is exactly like Kenya. At some point, we wont be able to borrow. We are already approaching IMF, who are lenders of the last resort ( when everybody else rejects you , or demands ridiculous collateral).
Hamkusikia Ukur akisema some civil servants watarudi ushago? In their thousands. MGAs watu kazi.
We already approach IMF. Reducing government workforce was one of the conditions. Hakuna employment in civil service for the next three years. This I think is the second or third time since Uhuruto this is happening. Ingine ni increase in prices of basic commodities.
Bread, milk, unga, sugar, salt…zishapanda. labda juu mlikuwa festive season hamkunotice
Wadau tulizeni. No need to panic we the “Dynasties” got you covered. I mean ya’ll know this shithole is a neocolonialist protectorate right … we the Dynasties are just trustees to the real owners. You all just have to work a little harder and pay more taxes … which we will probably fuk it up … but this shithole will still be here for a hot minute.