Good to remember, as we seek to turn to the East: At least we can know why our economy is struggling #Choices • Kenya reads a 1.8 trillion budget but KRA collects 800B, where does the 1 trillion come from? Find out and get shocked. • French government through NGOs funds over half of electricity connection fees for Kenyans. That’s why the fees shot up to 78000 immediately after swearing in of Jubilee government. • UK government funds the entire Free primary education (FPE) 10 billion budget. • UK and US government finance almost 75% of all armed forces finance and salaries in Kenya. • Over 90% of our 90 billion horticulture business is exported to European Union. • UK is the single largest consumer of Kenyan Tea and second largest bilateral trade partner to Kenya after Uganda. • Over 70% of the top 100 corporations in Kenya are Directly or indirectly owned by European and UK companies. These include Safaricom, EABL, Bamburi Cement, East African Portland, Barclays Bank, Orange, etc. • Transfer of money from Equity to KCB via Visa or MasterCard or even Mpesa Transfer depends on a US owned service and there is no alternative. • Major movements of Goods to Kenya or exports depends on American shipping services such as Maersk and Lloyds. • Over 95% of NGOs operating in this country and offering billions worth of service and employment are from US and European Union. • Oil the major driver of economy is controlled by US and EU owned conglomerates. These include Total (France) Shell (Dutch and UK), BP (UK) Exxon Mobil (US).
Posted on: Sat, 07 Jun 2014 19:47:10 +0000
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