Economics, Finance, Political and Social Commentary
Kenya
Joined March 2017
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Mwathi Doktari retweeted
Standard Group's response to the Judiciary’s letter of complaint: We stand by our story “Big Talk, Small Act”. As the public’s watchdog, we will keep relaying citizens’ frustrations with every arm of government and holding institutions to account.
#Checkpoint
Mwathi Doktari retweeted
Btw this government is really nonsensical. It had to take a warning from the 1st world people?
TUNDU LISSU ACQUITTED OF TREASON🔥🔥
@TunduALissu freedom is here.
Just the other day H.E @edwinsifuna joined comrades from the region & beyond in calling for justice for Tundu.
We are Africans & Africa is our business.
Mwathi Doktari retweeted
Tanzania's High Court has acquitted opposition leader Tundu Lissu of treason charges but found him guilty of incitement, in a major development in a trial that has attracted national and international attention.
Mwathi Doktari retweeted
Minimum one industry per county policy even cottage would go a long way. In the People’s Assemblies peak before 2018 handshake so many good ideas came out. I don’t see any party running a solid County strategy , but voters should care about this - demand drives supply
Mwathi Doktari retweeted
Safaricom Ethiopia now covers its operating costs.
Strip out currency losses and it made KES 0.6Bn of EBITDA in H1, from a KES 3.2Bn loss a year ago.
Group EPS is up 36% to KES 1.45.
Here are 5 things that impressed us in Safaricom’s HY27 results:
Mwathi Doktari retweeted
Irungu Kang’ata on whether he would accept DP if nominated by DCP: I do not want to become a DP for several reasons: I believe the issue is not about positions; it is about platform- what do you want to do for the country? I have ideas on how Kenya can move forward, but I want to share those ideas with my boss, Gachagua, and with my other potential bosses, including Kalonzo and Sifuna. Let me just concentrate on what I am doing in Murang’a #JKLive
Mwathi Doktari retweeted
We are still not angry enough as a country.
That's KES 120B gone, most likely into someone's pockets
Kenya allegedly spent $900 million more than it should have for a Chinese-built railway because of rampant corruption, fraud and graft bloomberg.com/news/articles/…
Mwathi Doktari retweeted
Kenya allegedly spent $900 million more than it should have for a Chinese-built railway because of rampant corruption, fraud and graft bloomberg.com/news/articles/…
Mwathi Doktari retweeted
Caroli Omondi, MP Suba South and Secretary General for Linda Mwananchi Movement, had some interesting remarks during World Bank's Kenya Economic update where focus on governance issues were in discussion earlier today.
He alleged someone in government is pocketing $30 per metric tonne every month from fuel importation into the country.
1/2
Mwathi Doktari retweeted
One of the reasons I need Housing Levy gone.
Also, payslips are bearing too heavy a brunt that it is hurting consumption.
Kwame Owino, CEO of the Institute of Economic Affairs, raises concerns about Kenya's weak consumer demand and infrastructure securitization:
— Kenya still has a negative output gap, suggesting the economy could grow faster. Owino argues that high deductions from workers' incomes are suppressing consumption and employment.
— He questions whether the economic benefits of building an additional 200K–300K affordable homes annually justify the reduction in disposable income caused by the housing levy.
— Owino acknowledges the rationale for infrastructure securitization but questions the lack of consolidated disclosures on how much has been securitized, the proceeds raised and the obligations created.
— He warns that securitizing future revenues, including the Road Maintenance Levy Fund, could compromise funding for future road maintenance.
— He draws parallels with the SGR, arguing that major infrastructure projects have previously been promoted without sufficient disclosure of their financial risks.
— His central concern is that securitization does not eliminate fiscal risk. It can merely transfer future obligations elsewhere, making transparency and accountability critical.
Mwathi Doktari retweeted
Having our Intelligence Chief summoned to court for abductions is stuff that should show we are a banana republic.
Worse when the abducted is a lawyer who was helping people pursue justice against powerful people.
Remember the courts are only peaceful venue for contestation.
Mwathi Doktari retweeted
Kwame Owino, CEO of the Institute of Economic Affairs, raises concerns about Kenya's weak consumer demand and infrastructure securitization:
— Kenya still has a negative output gap, suggesting the economy could grow faster. Owino argues that high deductions from workers' incomes are suppressing consumption and employment.
— He questions whether the economic benefits of building an additional 200K–300K affordable homes annually justify the reduction in disposable income caused by the housing levy.
— Owino acknowledges the rationale for infrastructure securitization but questions the lack of consolidated disclosures on how much has been securitized, the proceeds raised and the obligations created.
— He warns that securitizing future revenues, including the Road Maintenance Levy Fund, could compromise funding for future road maintenance.
— He draws parallels with the SGR, arguing that major infrastructure projects have previously been promoted without sufficient disclosure of their financial risks.
— His central concern is that securitization does not eliminate fiscal risk. It can merely transfer future obligations elsewhere, making transparency and accountability critical.
Mwathi Doktari retweeted
Budgeted corruption is making Kenyans poor.
A Sifuna administration will cut all this wastage that we see in this administration.
Kenya needs an overhaul of this corrupt system.
Talanta Stadium money could have build 10 other talanta stadiums.
Mwathi Doktari retweeted
David Ndii on the proposed $24B (KES 3.1T) Dangote East African refinery and industrial complex in Lamu:
— The investment, equivalent to ~16% of Kenya's GDP, comprises $16B (KES 2.1T) for the refinery, $4B (KES 520B) for infrastructure and $4B for downstream industries.
— The proposed 700K-barrel-per-day refinery has an ambitious ~30-month construction timeline, alongside expansion of Lamu Port, oil pipelines and water infrastructure.
— The refinery could generate ~$30B (KES 3.9T) in annual gross output and ~$6B (KES 780B) in value added, equivalent to ~4% of Kenya's GDP.
— Ndii estimates the refinery alone could raise manufacturing's share of GDP from ~7% to 11%.
— The projected annual foreign exchange impact is ~$13B (KES 1.7T), comprising $9B in net exports and $4B in petroleum import savings. Net exports alone would equal ~104% of Kenya's 2025 merchandise exports.
— Lamu's economy could expand from ~$380M in 2024 to ~$6B (KES 780B), a ~16-fold increase, potentially making it Kenya's third or fourth-largest county economy.
— Ndii expects Turkana oil production to begin in December 2026, with exports starting March 2027. The refinery could make a crude oil pipeline viable, allowing output to reach ~100K barrels per day
within a year.
