Fagil Mandy is an education consultant and a great mentor |
He heads the boards of several high-profile government and
private bodies and is a coveted speaker at inspirational events. So he's
reported about a lot in the press; only colourful stuff that make him even more
inspirational. But last week I learned that this highly respected business man
is choking on loans amounting to billions of shillings and has joined other
business men in the same quagmire, to push government to bail them out using
taxpayers money.
I am grateful that he
inspired me to start my own business but I am not sure I still want him
to be my business mentor. One of my friends would rather persuade me that
no business enterprise operates completely debt-free, but I believe an
entrepreneur that accumulates debts to the tune of billions of shillings and
without compunction expects government from a Third-World country to come to
his rescue at the expense of the taxpayer is worse than the merchant of Venice.
This government has already lost trillions and trillions of
money through corruption and other scandals, and we can't afford to worsen an
already precarious situation by diverting public money to massage a clique of moguls
that refuse to take responsibility for their business irresponsibility. The
country is still in dire need of public services for which that bail-out money
could be used for the greater good. The taxpayer is already burdened enough and
the country is bigger than a few individuals whose so-called business acumen
and ingenuity has turned out to be a sham with accompanying ramifications they
are not willing to pay for.
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