Financial freedom starts with smiling at life

Kenya's long-term external debt has reached US$70 billion, while its short-term external debt, which is more than US$20 billion, is due next year.

The National Union Party, led by Ruto, has made virtually no progress in economic reforms. Given Kenya's economic size, it is certainly impossible for it to pay off its more than $20 billion in foreign debt through tax revenue.

They are now pinning their hopes on the IMF (International Monetary Fund) and have submitted a $38 billion loan application.

Hopefully, this $38 billion will alleviate domestic inflation and foreign debt pressure.

However, the funding has been delayed.

Domestic inflation has soared to 9%, severely impacting people's livelihoods and foreign trade.

On this point, the National Alliance Party has gradually lost popular support.

His chances of being re-elected in the 27 general election are slim.

Rival Azimio's alliance is already winning over the public and gaining more national support.

Moreover, even Ruto's former party, the Jubilee Party, seems to be looking to return to politics.

The leader of the Jubilee Party, Kenyatta, was Ruto's former leader, and could be considered his "elder brother".

My older brother who fought alongside me in the revolution.

It was only later, due to ideological differences, that Ruto stepped forward and created the National Union.

However, the Julius Party still enjoys very high prestige and social influence.

They are all preparing for the 27th general election.

Finally, there's the border issue. We dare not rely entirely on the support of the United States and other Western countries, because they never do business without risk.

However, he himself did not have the strength to completely suppress the provocations and terrorist activities of the al-Shabaab party.

Even high-ranking military officers engaged in terrorist operations in border areas have been infiltrated by Al-Shabaab.

Beset by internal and external troubles, the ruling party in Kenya is facing a crisis that has reached its peak.

Jiangbei City is one of the few foreign investors who, in front of Vice President Gachagua, completely dismantled their party affiliation.

What Gachagua saw in Jiangbei City was not respect and courtesy towards their ruling party, but rather a reminder and a threat.

However, he could not deny the facts mentioned by Jiang Beicheng.

They really don't have much time left.

Can't afford it.

We can't afford to waste time dealing with the Jiang family.

If any of the issues Jiang Beicheng raises can't be contained, all the problems will erupt like a volcano in an instant.

Perhaps before the 27 general election even arrives, another armed coup will occur in the country.

Kenya is about to plunge into civil war again.

What frightens them most is that SSG Military Security Company, which is controlled by Jiang Beicheng, could be the trigger for civil war.

Its every move is related to the stability of the entire society.

It's no exaggeration.

"OK, Mr. Jiang, I think we can talk about this again, such as the issue of shareholding ratio."

The Ministry of Finance can reduce its shareholding ratio and not participate in the management and operation of the company…

Finance Ministry representative Nijuguna continued from Gachagua's words, trying to engage with Jiangbei City.

Jiang Beicheng's patience ran out, and he raised his hand and said directly: "SSG will carry out military security work under the pretext of protecting the Jiang family's overseas assets."

That's all for today.

As he stood up to leave, he added, "I should say that the negotiations for the mining area are over."

Vice President Gachagua and a group of ministry leaders watched Jiang Beicheng leave.

They certainly understood Jiang Beicheng's final meaning.

Claiming to protect overseas assets and conduct military security work is merely a pretext to comply with international law.

The expedition was launched with a legitimate cause.

The mining area is now in the hands of the government forces.

SSG's military security work aims to forcefully seize mining areas from government forces.

This is tantamount to declaring war on the government forces.

If it were just an SSG unit, the government forces would still be capable of handling it.

But once this fuse is lit, al-Shabaab, domestic criminal armed groups, ethnic armed groups, and armed forces led by rival parties... will all be mobilized, and they may even fall apart internally.

This outcome is unacceptable to the National Union, nor can it bear the consequences of war. The delegation led by Gachagua, after today's face-to-face negotiations with Jiang Beicheng, was most struck by the fact that Mr. Jiang's power has reached the point where he can influence the fate of a political party, and even an African nation.

They suddenly realized they had made two wrong moves.

We shouldn't have allowed SSG to grow so large that it's now out of control.

However, the SSG was indeed a formidable force in the fight against terrorist organizations in the border region at that time.

Unfortunately, the leader behind it is Mr. Jiang.

The second mistake was in the negotiations. From the beginning, they should have shown the utmost sincerity, with senior cabinet officials taking the lead. They shouldn't have fantasized about getting more benefits from Mr. Jiang. They should have been straightforward and simply returned the Jiang family's mining area to him.

Perhaps he could also provide tax support to the Treasury Department based on a 10% mining tax.

Just like the Australian mining company in Quarryshire now.

They underestimated the Jiang family's current strength.

Previously, it was difficult to compare Jiangbei City with Australian mining giants.

Having come into contact with them, I can at least confirm that they are even better.

Jiang Beicheng walked out of the National Administrative Conference Center with an air of superiority, completely disgracing his ruling party.

We can't have any other ideas yet.

Because Jiang Beicheng just spoke at the negotiating table, SSG could take action at any time.

If anything happens to Jiangbei City here, Kenya could descend into civil war tomorrow.

Gachagua realized that this was no longer a matter of returning the mines, but a political issue.

Even if he, as the vice president, were to agree to all of Jiang Beicheng's conditions now, it would probably be of no use.

This matter has escalated to the point where even President Ruto must intervene.

After the negotiations, the cabinet members returned to the presidential palace.

After learning of the outcome of the negotiations, Ruto convened a cabinet meeting.

Cabinet meetings are held roughly once a week.

This is the second time this week.

If a solution to the Jiangjia mining area issue cannot be determined, there may be a third possibility.

Holding three cabinet meetings a week, the level of tension is no less than that of deploying for war.

"Your Majesty, if you step in and make a corresponding promise to Jiangbei City, perhaps you can salvage the situation," Gachagua suggested. "If we can keep him calm, we can give ourselves more time to breathe."

Perhaps we still have time and opportunity to win back the hearts and minds of the people before the next election.

Ruto nodded.

It's much better than the worst possible outcome.

"Your Majesty, Vice President, we cannot do this. If the ruling party is controlled by a businessman, what prestige will it have left?"

Today it's Jiangbei City, tomorrow it could be some Western capitalist; we will lose our voice.

Salim from the Ministry of Mining and Blue Economy suddenly stood up to object.

Gachagua looked at him, "Do you have any other ideas?"

Salim blurted out: "Like his father, create accidents."

However, this matter requires careful planning and cannot be handled as hastily as last time, as Jiangbei City's influence is far greater than Jiang Tao's.

We must find a way to silence international public opinion and give the major Eastern power a reasonable response.

Ruto and Gachagua looked at him with serious expressions.

The other cabinet members also looked at him with surprise.

Salim then realized that he had said something he shouldn't have.

But now that it's out, there's no going back.

Ruto directly questioned Salim: "Did you plan Jiang Tao's affair?"

How many people in the judicial system are involved?

When Ruto first took office, he focused his efforts on maintaining stability and diplomacy, delegating economic matters to ministries.

Ruto was aware of the freezing of the assets of Jiang Tao and other foreign investors and the demand that they pay back the 10% mining tax imposed by the new government, and it was he who signed the presidential decree.

However, the way his subordinates did things was not something he suggested or instructed. (End of Chapter)