Skip to content
Feature

Drums of War are Beating and We Have to be Worried

BY Soko Directory Team · May 3, 2016 07:05 am

The drums are beating, tension is rising, the heat is almost beyond bearable limits and everyone is worried and scared to the core. With only just one year towards the next General Elections in Kenya, the political atmosphere is already changed and the economic world is shaking. Propaganda is already flying around the country, tempers are flaring, perceived betrayals are being driven into the minds of people and old wounds are being uncovered.

The truth is that the economy of this nation is ailing. Our politicians are aware of this only that they do not want to admit. They know the house is burning but they are busy convincing the masses that the bellowing smoke is not smoke from the burning house but fog. The masses, most of them being politically brainwashed tend to trust and believe everything that comes from the mouths of the so called politicians. Kenyan politicians have mastered the skill and the art of telling Kenyans to go to hell in such a polite and kind manner that makes Kenyans to eagerly be looking forward for the trip. The economy is ailing while those in charge are telling the masses that all is well. “Let us forget everything and move on” they loudly say but they forget to tell the masses what to forget and where to move.

When the government took the helm of power, it had one of the best manifestos. A manifesto that was deemed to be the solution to all the problems that were facing most Kenyans. Most of the Kenya’s population is made up of the youth. These youth are unemployed. Being aware of the plight that the youth were going through, the Jubilee administration promised to create jobs. Such great initiatives as National Youth Service were initiated. They were good initiatives. The youth were employed but that did not last long, their work was to work and someone was to utilize their salary. Their money was stolen, hundreds of millions of shillings. The youth went back to their total abject poverty. Some thought the Youth Fund will come to their aid. Just as those who were in charge of the NYS kitty, those in charge of the Youth Fund were the usual hyenas and the money at the fund mysteriously disappeared. No one has been put behind bars. No one.

In order to boost the economy of the country through the upgrading as well as constructing the infrastructure in this country, the government undertook the Eurobond. More than 200 billion shillings was received in the Eurobond. The money came and then disappeared with the treasury unable to pinpoint out a single project that was funded by the Eurobond. The opposition then, claimed that more than 100 billion shillings from the Eurobond had been stolen. The government came guns blazing claiming that no single cent from the Eurobond had been stolen.

A lot was said and soon, as it is the norm, Kenyans forgot and life moved on. What Kenyans failed to understand is that that Eurobond, it was not for those who borrowed to pay but them through the taxes they pay. We are now paying for the Eurobond interests. Shockingly, the government is in the process of acquiring another Eurobond even as statistics emerge showing that every Kenyan, owes those who have lend the country at least 79,000 shillings. The present generation has been ruined and the future of the future generation lies in limbo.

And now the opposition, Coalition for Reforms and Democracy, CORD, is up in arms demanding the exit of the commissioners at Independent Electoral and Boundaries and Commission, IEBC. Thousands of CORD supporters took to the streets demanding the ejection of IEBC commissioners from office. Businesses came to a standstill during these demonstrations in Nairobi and Kisumu. What does the constitution say about the removal of IEBC Commissioners?

Article 251 of the constitution sub-article 2 states that a person desiring the removal of a member of a commission or a holder of an independent office on any ground specified in clause 1 may present a petition to the National Assembly setting out the alleged facts constituting that ground.

Either way, the drums of war are beating and we have every reason to worry.

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

Trending Stories
Government and Policy Kenya Is Struggling With Debt As Modest Revenue Is Collected With Limited Development Investment Steve Biko Wafula
Headlines Are The SACCOS The Infinite Money Glitch Of Kenya? Soko Directory Team
Entrepreneur's Corner Kenyan Clients Don’t Care Whether You’re In the ICU: The Brutal Truth Of Entrepreneurship Soko Directory Team
Government and Policy Saccos Clamp Down On Struggling Businesses, Recover Sh491 Million In A Ruthless Crackdown Soko Directory Team
Entrepreneur's Corner The Greatest Skill Everyone Should Master Is The Skill Of Knowing How To Manage Money Soko Directory Team
Related Articles
Feature Why It is Hard to Be a Farmer in Sub-Saharan Africa Soko Directory Team
Africa Interesting Facts About How Wealth Distribution in Africa Compares Globally Soko Directory Team
Feature Mobile Lending Apps: A Case of More Curse Than Blessing? Soko Directory Team
Feature ‘We were victims of our own success’, ARM’s Pradeep on sell of non cement business David Indeje
Feature Base Titanium takes stock of its Poultry programme in Kwale Soko Directory Team
Explore Soko Directory
Banking Blogging Commodity Watch Did you know Entertainment Entrepreneur's Corner Feature Government and Policy Headlines Investment Lifestyle Market News Money Opinion Press Releases Stock Watch Technology
Soko Directory Archives