Monday, August 22, 2011
Catherine Kenyatta explains that all their land was bought thru bank loans
having acquired over 500,000 hectares.. at a conservative 10,000 per acre, President Kenyatta must have borrowed over 5billion shillings in 1964 (75billion by today's standards) to finance his land purchasing ambitions. Given a repayment period of 20 years and zero interest rate, the family must have been paying over 250million shillings (3.75billion) a year in loan repayments. Considering most of the land is idle to date, this must have been an easy feat
Implementation of the new constitution pathetically slow
the current impasse over deadline for passage of key laws to bring the new constitution into force lies squarely on the door of prime minister raila odinga. as the coordinator and supervisor he has demonstrated that he is an obvious fire fighter, a poor planner, focussed only on becoming president
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