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VIDEO: Uhuru between a rock and a hard place over external debts

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President Uhuru Kenyatta’s low key return to the country on Sunday night after attending this year’s Forum on China-Africa Co-operation (FOCAC) in Beijing is the classic tale of a leader between a rock and a hard place.

The president’s return comes at a time when the political class and the media have already set the agenda; the issue being the rise in fuel prices.

As it stands, all Kenyans’ eyes are trained on him to see what course of action he takes amid public outrage over the matter.

He has two options; to succumb to public pressure and sign the Bill into law or send back the Bill to Parliament with recommendations.

It is a tough balancing act for the president who has in the recent past been meeting world leaders for bilateral talks and drumming up support for his Big Four Agenda.

If he signs the Bill, he risks sending the country into the bad books of the International Monetary Fund (IMF), which has put into question the country’s credit worthiness due to the ballooning public debt which stands at a mind-ruffling Ksh5.1 trillion.

Watch as Citizen TV explains the debts in plain langauge:

In 2015, the government entered an agreement with the International Monetary Fund (IMF) to raise funds internally after the institution raised the red flag over the government’s borrowing appetite and budget deficits. The agreement allowed Kenya access to a standby credit facility which the country can draw in the event of financial distress.

READ ALSO:   Sisi si 'Vifaranga vya Kompyuta!,' Uhuru tells Raila as he files response to petition

That facility is yet to be renewed and the decision depends of generating revenue from internal taxes and repealing the cap on bank interest rates, which MPs also shot down. MPs want the 16% fuel tax VAT put on hold for a further two years.

The other option isn’t pretty either; if he sends it back to Parliament, he will be inviting the public’s fury which until now, has been directed at Treasury Cabinet Secretary Henry Rotich.

The issue has united Kenyans across the political divide, a scenario that down not look pretty for the Jubilee administration.

The government has been under immense pressure to raise revenue to finance the Ksh2.7 trillion budget amid a shortfall of Ksh530 billion in collections by the taxman.

The government is seeking to raise Ksh 71 billion from taxing the petroleum products, attempts which have been termed as insensitive to the common man by politicians and experts.

On September 6, the High Court sitting in Bungoma suspended the tax pending presidential assent or sending back of the bill to parliament. Orders which the government has defied. “We have not been served with the order. If we are served we shall comply but the order is mainly on the National Treasury,” said Energy Regulatory Commission (ERC) Director General Pavel Omieke in a statement on September 10.

READ ALSO:   VIDEO: Drama as Uhuru reads Riot Act to his closest political ally, followed by deletion of his Social media accounts

A crisis meeting between Rotich and the parliamentary leadership over the fuel tax on September 6 ended without any resolutions.

Businesstoday.co.ke

 

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MANY PHOTOS of the spectacular retirement home Sarah Kabu gifted her husband on his birthday

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Kenya’s Bonfire adventures MD, Sarah Kabu did the unimaginable for her husband over the weekend, after making a multi-million purchase of a retirement home for her husband, a dream come true on his birthday.

The famous Jabo Jabo couple gave fans a look into their simple yet rich retirement home during the celebrations that went down in Olpajeta, Nanyuki.

Inside Kabus retirement home

The pair gave us a look of the home’s exterior, fitted with large glass windows as walls of the different rooms upstairs, each well furnished with rare exotic African furniture.

The Kabus on baecation

Surrounded with bushes and trees at a distance, the couple did not think much of having a fence around their home, open to all who would pay a visit, with a sign board at the entrance with the words “Welcome to The Kabus retirement home.”

The front yard graced the parking lot while the backyard would be where the couple hosted their social events. With long dining tables and outdoor canvas seats setting the mood for a communal feel, allowing us a view of the large projecting balcony the duo had to enjoy the priceless views of the wild.

Sarah gifts Simon Kabu dream retirement home

In the presence of close friends and family, Mr Kabu was treated to a magnificent birthday event by his wife, Sarah who made his dreams come true with the surprise of his dream retirement home in the wild.

READ ALSO:   Wavinya Ndeti thanks Uhuru for CAS appointment

For Simon, as they drove through bushes and thickets, he first thought they were having a bush lunch only to his surprise to discover that his wife had brought to reality, his plans to own a private getaway in the wild when he needed to unwind from the city’s hustling.


The Kabus

Every time the couple would visit the Olpajeta conservancy, Simon would always wishfully admire “ningetaka kuretire hii place” but after Corona happened, his plans stalled. Hardly did he know that his wife was busy taking huge bank loans to give him his dream retirement home. What a love!

Have a look at the Kabu’s rich retirement home.

The Kabus

Kabus

Sarah &Simon Kabu

The Kabus getaway

Simon Kabu birthday

Mr Kabu birthday

Kabus’ retirement home

Inside The Kabus retirement home

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The Sun is now Setting on your Chance to be Part of Amani Ridge the Place of Peace

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With only 26 plots measuring 1/4 acres remaining, the window to own a plot of land at Amani Ridge the Place of Peace is now closing. As this is happening, the cost of these plots is now set to move up by 20%.

Here is the good news though; you still have a chance to secure your property before this change takes effect.

As this window slowly closes, the value additions are tripling as we are now headed to start internal roads murruming before we finally lay cabro on the same streets. On the other hand, the Kenya Power contract to lay underground power is right on the heels.

At the same time, the Razor Wire installation on Wall of Happiness and Wall not Knowledge (1.4Km in length) is also set to start next week.

Meanwhile, we are heartily celebrating the completion of the four walls surrounding this top gated community in Kiambu (Wall of Peace, Wall of Wisdom, Wall of Happiness and Wall of Knowledge).

As we share this update, the laying of paving blocks (cabro) on a one acre gate-area is ongoing as you see on the accompanying photo.

This cabro works on the estate’s driveway has been designed to give all families and visitors coming into this gated community an inviting welcome.

READ ALSO:   Uhuru now confirms Kanze Dena to State House job

Do you want to know how to be part of Optiven Family?

Call us now: 0790300300 or 0723400500
Website: www.optiven.co.ke

Experience the difference

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What’s Happening at Victory Gardens – Kitengela

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Effectiveness of Gated Communities in Providing Safe Environments for Childrens’ Outdoor Convenience

Due to safety factors, children use of outdoor spaces can be limited.

Victory Gardens, a residential gated community with access control and guarded area has been deliberately developed to give parents peace of mind as they get about their daily business without worrying so much about the safety of their children.

The Children’ Play Park along Mwangaza Avenue was also designed with children that are brought up in this gated community in mind.

This project’s Care Taker, Mr. Ondiek and his team have a brief to make sure that the grass is well manicured to make this space as safe as possible for children.

Why not secure a site visit and invest in your children future?

Call us on: 0790300300 or 0723400500
Website: www.optiven.co.ke

 

~Experience the difference ~

 

READ ALSO:   Wavinya Ndeti thanks Uhuru for CAS appointment
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