Kenya's Debt and Neo-Colonialism

The video discusses Kenya's national debt crisis, highlighting the rapid increase in debt since 2013 due to expensive syndicated loans and the SGR project. It explores the economic consequences, including recession and corruption, and frames debt as a tool of neocolonialism affecting African sovereignty. The video also critiques the political landscape and calls for informed decision-making in upcoming elections.

What is the primary reason Kenya needs 634 billion shillings in debt?

• To pay off previous debts

• To invest in healthcare and education

• To fund new infrastructure projects

• To prevent the country from collapsing

Since 2013, how has Kenya's debt changed?

• It has doubled

• It has increased by 300%

• It has decreased by 50%

• It has remained the same

What is a major disadvantage of syndicated loans?

• They are dollar-denominated

• They are easy to repay

• They have low-interest rates

• They are long-term

How does the interest rate of the SGR loan compare to the global standard?

• It is 3% higher than the global standard

• It matches the global standard

• It is lower than the global standard

• It is 1% lower than the IMF rate

What is a potential consequence of defaulting on the SGR loan?

• Improved credit rating

• Loss of the Port of Mombasa

• Increased foreign investment

• Reduction in national debt

What percentage of Equatorial Guinea's budget is financed by debt?

• 50%

• 60%

• 70%

• 80%

What is a key characteristic of neo-colonialism as discussed in the video?

• Promoting self-sufficiency

• Encouraging foreign aid

• Creating dependency through debt

• Fostering local industries

Why is corruption not a major concern for the West in Africa?

• It strengthens local economies

• It helps maintain neo-colonialism

• It reduces foreign debt

• It improves governance

What role do citizens have in addressing the debt crisis?

• Voting for informed leaders

• Ignoring political issues

• Increasing personal debt

• Supporting foreign lenders

What is the relationship between corruption and neo-colonialism?

• Corruption is unrelated to neo-colonialism

• Corruption facilitates neo-colonialism

• Corruption hinders neo-colonialism

• Corruption eliminates neo-colonialism