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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:

READ ALSO:   Tillerson taken ill in Nairobi, cancels day's events

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.

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.

READ ALSO:   Kenyan business community lauds President Kenyatta for lifting the lockdown

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.

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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GoGreenNaOptiven KAMATA 20K PAP!

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The year 2020 has stretched us in many ways! It has thrown to us numerous twists and turns, while offering us a number of highs and many lows.

But as the year ends, we would love to give you, your family and your loved ones a big smile, especially on these last days of the year with our special December offer, #GoGreenNaOptiven

With a deposit of 500k plus, you can take advantage of this incredible offer this holiday season!

With ready titles, value additions, and ready to build Environment, you can actualize your dream of property ownership.

Call us TODAY on 0723 400 500 or visit our website on www.optiven.co.ke

As Optiven, We wish you and your family a merry Christmas and prosperous New Year ahead🎄


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READ ALSO:   CORRUPTION: Kenyans in US want their country "closed for renovations" [PHOTOS]
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SUKARI HEIGHTS Affordable Luxury 2 br, 3 Br plus Dsq & studio apartments

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Sukari Heights is magnificently designed luxurious and executive residence offering world class lifestyle.
Starting from Ksh 2.7M. Sukari Heights is located in the most exclusive Kahawa Sukari neighborhood just 15 minutes drive from Nairobi CBD.

The location of these homes avails a short commute to work using an easy transport network, a large choice of dining and entertainment options within easy reach, a low maintenance apartment that offers safety and security, and opportunities to immerse yourself in a socially diverse environment.

Designed to be the finest expression of world class finishes, SUKARI Heights is a rare opportunity to reside in one of the most exclusive addresses in Nairobi.

This immaculately designed apartment is set amongst manicured grounds within a private and secure complex. As a resident, you will have access to lifestyle amenities including, shopping centre, gymnasium, spa, eateries, basement parking etc.
The apartment interiors are designed for the way you live, with features that add beauty and utility to your home.
Expansive windows and balconies offer breathtaking views of the surrounding.
Bright, spacious, airy open-concept interiors flow seamlessly from living to dining to kitchen.
The unit has spacious bedrooms with well fitted built-in closets, with master ensuite bedrooms.

READ ALSO:   Tillerson taken ill in Nairobi, cancels day's events

Suitable for family living as well as investment.
As an investor you will enjoy, good ROI owing to Recurring rental income, Property appreciation leading to higher resale value.

Enjoy a flexible payment plan of up to 24 months kes 1.5m deposit.
Elegant 2 br 700ft2 master ensuite kes 3.7m
Luxurious 3 br 915ft2 master ensuite kes 4.8m
Executive 3 br plus SQ 1185ft2 kes 5.7m

Features&Amenities
Supermarket
Pharmacy
Food Courts
Fitness Club/Gym
Grocery
Salon&Barbershop
Banking Services
High Speed Lifts
Back up Generator
Back up Borehole
Top Notch Security
Controlled Access
Smart parking.

To book Call/WhatsApp +254711128128
www.certifiedhomes.co.ke


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The FIVE levels of Optiven properties

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Here at Optiven, we usually have FIVE Levels of properties. Each level has its set of value additions. The levels are also based on location, proximity to infrastructure. Market prices are thus based on these factor. This ensures that we cater for low, middle and high end customers.

Here are our property Levels:

1. Plots that are Bare: They do not have any value additions on them at all. Their price range from 495, 000_ per plot.

Hope Gardens in Kajiado
Price tag Kshs. 675,000 per plot

(Read more about Hope Gardens here: https://www.optiven.co.ke/properties/hope-gardens-kajiado-county/) and Favour Gardens in Kajiado. We do not have many of this type since they are plots that are a bit far from development.

2. Limited Value Added Plots: These plots have graded roads, fence with barbed wire, power not too far and there is scarce settlement. Examples are Rafiki Gardens along Kangundo Rd. @ Kshs. 695, 000 per plot ) – Read more about Rafiki Gardens here: https://www.optiven.co.ke/properties/rafiki-gardens-kangundo-road/) and Peace Gardens in Nyeri

@ Kshs. 695, 000 per plot (this is only 500 meters off Tarmac)

3. Standard Value Added Plots (Medium Value Added Plots): On this properties; we do murrum roads, Water on site, elevated water tanks, fence by Mesh and care taker on site. Examples are:

READ ALSO:   BREAKING: Why Uhuru has extended Huduma Namba registration deadline to May 25th

Shekinah Gardens in Kajiado Township

Price tag Kshs. 750, 000

– this project is only 900 meters off Namanga highway.

Shekinah Gardens – Kajiado

Watch more about Shekinah here: https://www.youtube.com/watch?v=o6pqSDS1OAo&t=14s)

Shalom Gardens in Machakos

Price Tag@ 1,295, 000,

Shalom Gardens Phase 2 Value Add Ons

Garden of Joy in Machakos

Price tag 1.495M per plot.

Garden of Joy – Machakos County

Watch more about Garden of Joy here: https://www.youtube.com/watch?v=xAIQGde-D7A&t=10s

4. High level Value Additions:

Price Tag: cash Kshs 2,295,000

We do fruits parks, playing fields, elevated water tower, piped water to every plot, we plant hundreds of trees, drainages done, power, house designs and gated community with manned security, community regulations, Home owners Association and a care taker. Example is Victory Gardens Phase Three, Four & Five.

Victory Gardens Phase 3, 4 & 5 taking a new Positive Twist

Watch more about Victory Gardens here: https://www.youtube.com/watch?v=StH4xI_7Oxg&t=1s

5. Super Prime Value Addition:

Price range: Kshs. 5m to 12.5m (determined by size of Plot)

This is where we do cabro internal roads, provision of club house, very high end entry gate, stone wall, laser wire, CCTV, water Fountain, high end Steel Galvanized 15 meter high 100,000 liters elevated tank, Orchards, green public parks, house designs, appointed Architect, registered community regulations by the county government, Home owners association, Uniformed Security guards. Two caretakers on site. Example is
Amani Ridge the Place of Peace in Kiambu.

Amani Ridge the Place of Peace – Kiambu

Watch this video on architectural projections of Amani Ridge the Place of Peace: https://www.youtube.com/watch?v=os3nubny8Vg&t=2s

READ ALSO:   LIVE FROM KASARANI: Uhuru, Ruto kneel for prayers ahead of swearing in ceremony

Would you wish to own any of these properties? Get in touch with Optiven Today:

Contact Optiven Group:
+254 790 300 300
+254 723 400 500
Website: www.optiven.co.ke
George Wachiuri Blog: www.georgewachiuri.com
YouTube: https://bit.ly/2VdSuFJ


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