The Scramble for Kenya in light of Big Four Agenda

Dear Kenyans,

As the powers that be who dreamt of the lofty Big Four agenda come to terms with the actualization of the agenda,lets remember that a number of players will make a beeline for their El Dorado.Already they are all over the global seeking for a mean to accomplish their dream From New York to Quanzhou they will crisscross to seek deals.In all the sectors involved in Big four expect the following

1.Mergers of local well-connected companies and PE funds and incorporated in tax-havens:

Companies with strong ties to influential businessmen will be heavily bought into by PE funds or other multinationals.This will ensure quasi-local ownership that enables them to term its success as a Kenyan success.All the while the profits generated will be flown out of the country.

A number of the local elites will back different foreign players each running the corridors of power to seek favour to enable them out play their rivals.But all is just a sport for them and they will bot seek to really address the problems of the common citizen but to engradise themselves.

2.Clamour for free land and tax exemptions and concessions:

Since most of the developments in the housing plans and manufacturing require massive capital   investment,the foreign investors involved will request and be granted free land to set up their housing units.Also they will seek for suspension of corporation tax and other tax exemptions and review of regulatory framework to facilitate their works.This is in the guise that they would create a lot of job opportunities for the locals and cheap housing(a fallacy).

Already the CS of Industrialisation has opened the floodgate by reducing the work permit costs for Indian investors in the textile industry.

 Read: Cost of permits for Indian textile expats to go down

All the while the local players will be struggling with high-interest loans and double taxation.

Lets remember this,in low cost housing construction,most of the material come already prefabricated and there wont be added benefit of need for local masons to put up the structures.All that the investors would require are casual labourers easily trained to mount structures.The reduced labour cost will be not passed on to the final buyers of the houses but will just increase the margins for the developers and their 10% kickback bossom buddies.