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We are the Illuminati? Wrong! There is just one power broker that influences and controls the world affairs and this person is becoming increasingly powerful. President is under your control either by playing to his likes, or through ruthless bribery and other harsh methods of exerting your influence. This political adventure takes a light hearted approach to politics with a twist of humor. This is so much more than a text adventure, you can chat with world leaders, and influence the world around you through your every action. Setup smart contracts with world leaders and earn big money Secure blockchain technology with a crypto currency (bytecoins) Apps: Chat, Contact, Wallpapers, News, Games (incl. Your actions infleunce the world and story Funny and suprising texting story with different endings This is a texting story played from a fully working virtual smart-phone. How would it feel to be the man/woman behind the power of the presidency? The person pulling the string behind the scenes. 'It is very much unclear if the economy has the resilience to manage the coming quarters without crisis,' said Matthew Vogel, a London-based fund manager at FIM Partners, which specializes in frontier markets.You just found the phone of the most powerful person in the world! Investor confidence could be shaken further by the election: two of the last three presidential polls were marred by violence, with 1,200 people killed in post-election clashes in 2007. Treasuries paid by Kenya's debt is now over the 1,000 basis points traditionally seen as a marker of distress. The government is examining alternative financing and spending cuts, Muia at the finance ministry said.īut the risk premium over U.S. Market turmoil forced Kenya to abandon a $1 billion bond sale last month. Kenya's international bonds have lost 29% of their value this year, with only Ghana's faring worse in Africa. Like other frontier economies, Kenya's troubles have been compounded by stress in global markets, as major central banks start to reverse years of cheap money policies. 'The persistent drought has left us with a resource gap of more than 15 billion shillings required for interventions,' said Margaret Kobia, the minister in charge of special programmes. The government has spent 12.6 billion shillings providing food for hunger-stricken communities, but says it needs more. Food prices are also hurting them,' said Steve Otiende, a small shop owner in Nairobi. 'Parents with children in school are suffering a lot. His main opponent, Kenyatta's estranged deputy president William Ruto, says he would reduce borrowing and stimulate small enterprises to help drive growth and generate revenues.īut surging living costs, which many Kenyans blame on corruption, are uppermost in voters' minds.

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Kenyatta's preferred successor, veteran opposition leader Raila Odinga, has pledged to renegotiate terms for the debt to lengthen its maturity and free up cash to fund social interventions and development. 'You can't build roads for people who are hungry,' she said. Tabitha Karanja, an opposition United Democratic Alliance candidate for the senate, said the government's focus on infrastructure had left many vulnerable people behind. interest rates and the Ukraine war make riskier assets less attractive to investors.īut Julius Muia, principal secretary in the ministry of finance, said debt is sustainable below 70% of GDP, adding: 'The concern about debt is very misplaced.'

The yield on Kenya's dollar Eurobond due 2024 hit a record high of 22% on July 15, as rising U.S. That risk remains, the Fund's Kenya head of mission Mary Goodman told journalists last week.

In 2018, the International Monetary Fund classified Kenya as at high risk of debt distress. He also said then that the number of households connected to the electricity grid had tripled to more than 8 million.

His government has modernised Kenya's crumbling, century-old railway network and built more kilometres of paved roads than the previous four administrations combined - over 10,000, Kenyatta told parliament in November. Kenyatta, who must stand down after serving two terms, says borrowing - including $8 billion from China - funded much-needed infrastructure and helped spur development. 'The increase in debt has been alarmingly fast,' said Robert Shaw, an independent economic policy analyst based in Nairobi. A close Western ally, East Africa's most stable country also hosts the regional headquarters of international firms like Alphabet Inc (GOOGL.O) and Visa (V.N).ĭebt levels have surged, however, to 9 trillion shillings, or 67% of GDP, from just 2 trillion, or 40% of GDP, when Kenyatta was elected.

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