[kictanet] Why Konza is high on rhetoric and short on prudence
Kivuva
Kivuva at transworldafrica.com
Wed Jan 30 10:49:45 EAT 2013
Kwame Owino is not presenting the facts accurately. Actually, he's not
thinking critically.
Of the ~$8.5billion that will be spent on the next 20years, GoK will
spend a very tiny fraction of that amount since the bulk of that
capital will be sourced and utilized by firms that will setup at
Konza. You cannot start calculating Net Present Value now of capital
that will be employed over two decades, by hundreds of different
entities, that would never have converged if Konza was not a reality.
Without Konza, that capital would have gone somewhere else, say South
Africa, or Rwanda.
The net result of the project is positive for Kenya since "what do we
stand to loose?"
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