There has been a mysterious name that has been doing rounds on social media.
You and I know that the first time we saw the name trending, we immediately wanted to put a face to it. But if you haven’t figured out who Sonko Malong is then this article is for you.
Sonko Malong is a fictional character created by David Ndii in order to help the ordinary citizen to understand how money works in an economy.
This was in retaliation to a famous city lawyer, Donald Kipkorir, that suggested that the government of Kenya should print ksh750B and inject it into the economy to help citizens deal with the harsh outcomes of COVID-19.
David Ndii dismissed him and said that was the ‘wash wash’ economic way of thinking. The lawyer then replied saying that the economist had not read “The General Theory of Employment, Interest & Money”
Ndii then drafted a response that has left many talking. His response was a detailed theory of two fictional countries Cheptongei and Kiplombe. Sonko Malong is the president of Kiplombe who ordered the printing and distribution of money after he won the presidential election.
This affected trade relations between the two countries forcing both of them to hike their prices an outcome that was caused by money printing in Kiplombe.
You see, Young Billionaire Sonko Malong, LLB YB (Wash Wash) has no idea where stuff comes from. All he knows is, you have more money, you buy more stuff.Wrote David Ndii
The names used in the narrative might have however been well thought out by Ndii in order to drive the point home well.
Cheptongei is the name of a village in Elgeyo Marakwet County where Kipkorir comes from.
The name Sonko might have been inspired by the Nairobi County Governor Mike Sonko who is well known for his stunts on dishing out money. Finally the name Malong might have been inspired by Malong Lual Yor, a self proclaimed young Sudanese tycoon who was charged for defrauding South Africans of $US1.9M to sell them gold. He often took videos and photos while swimming in money.
Malong Yor was interviewed by Jeff Koinange on his talk show JKL live where he bragged about his wealth.
Here is the theory.