Madaxweyne Ruto: Kenya waa tijaabo ku saabsan sida loo qiimeeyo khataraha Afrika
Madaxweynaha Kenya William Ruto ayaa sheegay in dalkiisu uu noqon doono tijaabo ku saabsan sida loo qiimeeyo khataraha Afrika, isagoo diyaar u ah in uu furto xogtiisa ku saabsan dhaqaale iyo isku-dhaafka, haddii xogtaas ay muujiso in qorshayaasha hadda jira ay si fiican u shaqeeyaan.
Khataraha Afrika iyo xad-dhaafka qorshayaasha
Madaxweyne Ruto ayaa sheegay in khataraha Afrika aysan ahayn in lacag la heli karo, balse ay tahay qorshayaasha ku xiran in lacagtaas la isticmaalo. Wuxuu sheegay in xisaabiyayaasha lacagta ay ku xisaabeen in khataraha Afrika ay yihiin kuwo sareeya, taas oo keentay in lacagta la isticmaalo in la keeno dhaqaale iyo isku-dhaafka.
Wuxuu sheegay in xisaabiyayaasha lacagta ay ku xisaabeen in khataraha Afrika ay yihiin kuwo sareeya, taas oo keentay in lacagta la isticmaalo in la keeno dhaqaale iyo isku-dhaafka. Wuxuu sheegay in xisaabiyayaasha lacagta ay ku xisaabeen in khataraha Afrika ay yihiin kuwo sareeya, taas oo keentay in lacagta la isticmaalo in la keeno dhaqaale iyo isku-dhaafka.
Tijaabada Kenya iyo xisaabiyayaasha lacagta
Madaxweyne Ruto ayaa sheegay in Kenya ay diyaar u tahay in ay noqoto tijaabo ku saabsan sida loo qiimeeyo khataraha Afrika, isagoo diyaar u ah in uu furto xogtiisa ku saabsan dhaqaale iyo isku-dhaafka, haddii xogtaas ay muujiso in qorshayaasha hadda jira ay si fiican u shaqeeyaan.
Wuxuu sheegay in Kenya ay diyaar u tahay in ay noqoto tijaabo ku saabsan sida loo qiimeeyo khataraha Afrika, isagoo diyaar u ah in uu furto xogtiisa ku saabsan dhaqaale iyo isku-dhaafka, haddii xogtaas ay muujiso in qorshayaasha hadda jira ay si fiican u shaqeeyaan.
Xisaabiyayaasha lacagta iyo khataraha Afrika
Madaxweyne Ruto ayaa sheegay in xisaabiyayaasha lacagta ay ku xisaabeen in khataraha Afrika ay yihiin kuwo sareeya, taas oo keentay in lacagta la isticmaalo in la keeno dhaqaale iyo isku-dhaafka. Wuxuu sheegay in xisaabiyayaasha lacagta ay ku xisaabeen in khataraha Afrika ay yihiin kuwo sareeya, taas oo keentay in lacagta la isticmaalo in la keeno dhaqaale iyo isku-dhaafka.
Wuxuu sheegay in xisaabiyayaasha lacagta ay ku xisaabeen in khataraha Afrika ay yihiin kuwo sareeya, taas oo keentay in lacagta la isticmaalo in la keeno dhaqaale iyo isku-dhaafka. Wuxuu sheegay in xisaabiyayaasha lacagta ay ku xisaabeen in khataraha Afrika ay yihiin kuwo sareeya, taas oo keentay in lacagta la isticmaalo in la keeno dhaqaale iyo isku-dhaafka.
President William Ruto has offered Kenya as a test case for how African risk is assessed, proposing that the country open its default and recovery data to rating agencies and accept changes to the methodology if the evidence supports them.
The Rules Trap African Capital
Ruto argued that Africa's problem is no longer the amount of capital available to it, but the set of rules that decide where that capital is allowed to go. He returned to an argument he made at the inaugural Africa We Build Summit in Nairobi in April, where he said African countries should use domestic capital to finance their own infrastructure.
He used a teacher in Eldoret who has contributed to a pension fund for 20 years to illustrate his point, saying the teacher's savings are more likely to sit in a US Treasury bill than in a nearby geothermal plant. The Africa Finance Corporation's President and Chief Executive Samaila Zubairu framed the wider problem in similar terms at the Nairobi summit, saying Africa is 'not capital-poor; it is capital-trapped.'
Kenya's Pension Fund Disparity
Kenyan pension funds hold 46 per cent of their Sh3.2 trillion ($24.7 billion) in government securities but only 0.02 per cent in infrastructure debt, despite rules allowing pension funds to invest up to 10 per cent in infrastructure. Ruto said the rules allow pension funds to invest up to 10 per cent in infrastructure, yet the vast majority of savings remain locked in government bonds.
Ruto said the broader goal is to make it as easy for African institutional investors to finance productive assets as it is to buy government debt. He said, 'The day a Kenyan pension trustee can buy a Kenyan power station as easily as she buys a Treasury bill, this argument will be over.'
A Nairobi-Based Working Group
Ruto proposed that the roundtable establish a working group based in Nairobi to continue the work and report to the next Africa We Build Summit in 12 months with findings backed by numbers. He made four requests to rating agencies, insurers, regulators and other institutions involved in financing: price African risk against African experience, make insurance on productive assets affordable, end penalties on long-term assets in prudential and liquidity rules and build bankable project pipelines.
Kenya has begun putting some of the proposed financing mechanisms in place. The National Infrastructure Fund, signed into law in March, aims to mobilise up to $40 billion for roads, ports, power and water without new public debt. In May, Kenya listed its first infrastructure fund on the Nairobi Securities Exchange and raised Sh3.4 billion with United Kingdom support. Kenya also increased its equity in the Africa Finance Corporation by Sh3.25 billion ($25 million).
Ilaha iyo xuquuqda sawirka
Sawir: The Standard Kenya Xigasho
