Some Who Can’t Teach Us How To Make Money Are Those Who Took Our Money Through Sweat -Diana Gichengo

Añadido: 2026-05-28

[00:00:00]% you know even the China debt we complain about is 2% that is what we repay >> but we repay our political elite the money they lend us >> 15 >> 15% and it has to be a priority so when we are saying debt is a priority and people can starve to death we are saying we must pay most of the people who are not entrepreneurs who can give us um a talk on how to be make money become rich and inspire people. It is people who have taken our money through sweat and blood.

[00:00:36]>> Wait, you know when we were younger, we had to learn via root. Repeat.

[00:00:42]>> So I I'm sorry.

[00:00:44]>> So domestic debt takes up the majority% of what Kenya owes. True for >> currently.

[00:00:52]>> Currently at the moment domestic debt.

[00:00:54]>> Yes. And for you know it's a nice word but domestic debt essentially what you're saying is that you're borrowing from local financial institutions.

[00:01:02]>> Now there's a demand 8% visav 2% to China. So the amount in it's a more expensive loan. Domestic debt is more expensive than external debt. But there is an appetite for domestic debt. Why is that?

[00:01:16]>> Remember that the 1.1 trillion is what Kenya owes owes not will owes.

[00:01:22]>> That's it's it's due.

[00:01:23]>> It's due. It's due overall we owe 12.8 >> over 12.8 trillion then but what we saying now in this budget are we I don't know if it's me who's not that's why we that's why you >> on this 4.82 trillion already 1.1 trillion is going is is money that you're going to borrow.

[00:01:47]>> Yes. And the what we are saying he'll read it come July 1st or whatever June 30th >> that we will get from the domestic you know those nice words we will borrow from the domestic market central percentage whatever whatever but we already know that the larger payment comes in interest and there is a difference of about 6% in terms of the interest that you will pay. So are we saying it makes sense to borrow externally if must than it does to borrow internally? Internally we we must start borrowing externally.