HKayman
4.2K posts

HKayman
@knowledge_afriq
Information professional| Advocate for Open Access data in Agriculture|ICT & Agriculture for rural communities|Tutor| Peaceful COEXISTENCE is not an OPTION
Nairobi, Kenya Katılım Kasım 2016
158 Takip Edilen127 Takipçiler

William Ruto’s mixed bag of legacy as 8 key parastatals run insolvent …
10+ parastatals and 21 universities operating on losses, unable to meet financial obligations
KNBS reports sluggish economic growth of 2.8% in 2025, down from 4.3% in 2024
🔴 Key Agencies in Distress
KRA — current liabilities exceed assets (Ksh1 billion negative working capital)
KNH — technically insolvent; deficit of Ksh2.68 billion; may not meet obligations when they fall due
KFS — current liabilities of Ksh5.6 billion vs assets of Ksh3.9 billion; negative working capital of Ksh1.7 billion
NCPB — current assets Ksh24.3 billion vs liabilities of Ksh27.4 billion; board made a loss of Ksh992.3 million
Postal Corporation — negative working capital of Ksh6.8 billion; continued existence dependent on government/bankers
NYS — negative working capital of Ksh55 billion; Ksh16.4 billion in pending historical bills — Recall the Anne Waiguru scam?
National Oil — current liabilities exceed assets by Ksh8.8 billion
NEMA — technically insolvent; negative working capital of Ksh4.1 billion
•KTB — negative working capital of Ksh14.1 million
🔴 Universities Bleeding
Kenyatta University (Ksh11.4 billion losses), Egerton, JKUAT, Moi, UoN, Technical University of Kenya, Multimedia, Taita Taveta, Kabianga, Technical University of Mombasa
Most parastatals survive only on government bailouts and creditor leniency
Taxpayers risk being forced to rescue failing institutions amid an already struggling economy

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Some things will take me forever to understand. Why does a 1 and a half hour flight from Nairobi to Dar Es Salaam cost Ksh. 40,000 to Ksh 50,000 yet a 24 hour flight from Nairobi to China is Ksh 75,000. What exactly is going on?
Why does accomodation for one night at a four star hotel in Kenya cost Ksh 20,000 yet in China a four star hotel is Ksh 5,000 per night?
Why do borrowers in Kenya pay an interest rate of 18% to 22% for loans yet in China the interest rate is 3%. How will a kenyan company that is borrowing to expand its manufacturing technology or equipment compete with a chinese company that is borrowing 1 billion dollars at 3%?
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Kakamega Women Representative Elsie Muhanda constructed this tiny toilet at Museno Secondary at a cost of 8.3M KES.
Here is how it is captured in the books:
1. Actual construction (materials & labour): 300,000 KES
2. Preliminary site clearance & excavation: 1,500,000 KES
3. Consultation fees (project design & supervision): 2,000,000 KES
4. Mobilization & transport: 1,500,000 KES
5. Community sensitization: 1,000,000 KES
6. Contingency fund: 1,200,000 KES
7. Monitoring & evaluation (M&E): 700,000 KES
8. Administrative overhead: 100,000 KES

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@citizentvkenya Leteni za Ndani,, Structures aint enaff gaadmeit Githeri media
Slovenščina

#AD
Kiambu Governor Kimani Wamatangi has built six new level four hospitals over the past three years and 26 level three hospitals, adding 1,600 beds countywide.
Existing hospitals are now upgraded with modern X-ray, ultrasound, dialysis, and endoscopy machines which addresses the World Health Organisation’s (WHO) emphasis on Universal Health Coverage (UHC)
@Wamatangi_




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@Smith_Hempstone @citizentvkenya Services are better in Karuri & Tigoni hospitals. We are not complaining
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@citizentvkenya Could you kindly show us the machinery & staff
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World Bank told Nigeria to reopen fuel imports because Dangote’s fuel was 12% more expensive than imports. Dangote called it flawed. World Bank quietly deleted the whole report from their website.
Meanwhile Europe is buying refined fuel from the same Dangote refinery because Middle East supply got disrupted. The same Europe that used to sell Nigeria its own crude back as petrol. You can’t make this up.
An African refinery finally works at scale and the first recommendation is not invest more, not expand capacity. It’s bring back imports.
When Africa consumes nobody says a word. When Africa refines and competes suddenly it’s a problem.
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Guess who is opposing Dangote’s proposal to build a 1.2M barrels a day refinery in east Africa (Tanzania, Kenya and Congo)
World Bank and IMF. : )))
Their argument? it would give monopoly to one company over energy.
1) All the while, French refineries are in almost every oil producing countries in Africa.
2) No African countries could get a loan to build a refinery larger than 400,000 barrels per day (one of the most profitable businesses ever). So the majority are small and struggle for profitability.
3) Nigeria oil had to be exported to Europe, refined and in many cases sold back to Nigeria and ECOWAS countries, under companies like shell and total.
4) it took until a billionaire financed the refinery in Nigeria himself to change part of that production and supply pipeline. And today, after the Hormuz blockade, EU countries are now buying oil from Dangote.


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@DaktariMachaa @moneyacademyKE The plantation owner is blind to the suffering of slaves.
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@moneyacademyKE And the govt keeps on adding new taxes to these slaves
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@Hrhmakanda @KenyanSays You cannot compare SHA "public health care system" and Twitter a "social media platform". Structure and applicability are totally different.
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@KenyanSays Twitter was sold for $44B. Not the most intelligent take by Omtatah. He needs to expand his understanding.
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