wazua Thu, Mar 19, 2026
Welcome Guest Search | Active Topics | Log In

14 Pages<1234>»
USD at 90.00
simonkabz
#11 Posted : Monday, June 13, 2011 2:30:43 PM
Rank: Elder

Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
A weak shilling will herald terrible impacts on the state, a heavy importer n a very weak exporter. With such a poor balance of trade, brace for tough times that shall affect all of us, with a few set to reap big time. Case in point KQ.
TULIA.........UFUNZWE!
dossy7
#12 Posted : Monday, June 13, 2011 2:32:45 PM
Rank: Elder

Joined: 12/9/2009
Posts: 1,493
Location: Nairobi
The cost of oil will still increase if this is the trend hence higher cost of doing business
Kenya ni yetu sisi sote
Intelligentsia
#13 Posted : Monday, June 13, 2011 2:32:57 PM
Rank: Elder

Joined: 10/1/2009
Posts: 2,436
I think inakimbizana na fuel prices
KulaRaha
#14 Posted : Monday, June 13, 2011 2:36:04 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
jerry wrote:
Njung'e wrote:
FUNKY wrote:
I wonder how fuel prices are going to come down????


One more reason why UK is the man to beat up before 2012.smile

=> and that is modestly put.


Dont say that...there are fellows here defending that guy with their hearts and souls!
Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly


Business opportunities are like buses,there's always another one coming
kizee1
#15 Posted : Monday, June 13, 2011 4:23:16 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
Kaigangio wrote:
are there any economic fundamentals that have been messed up with to warrant this shilling weakening??

during moi era ('93 to 98) it leaped to past shs 100 mark, but it was being manipulated by moi era crooks...



yes there are more buyers than sellers lol
Sufficiently Philanga....thropic
#16 Posted : Monday, June 13, 2011 6:00:54 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
kizee1 wrote:
Kaigangio wrote:
are there any economic fundamentals that have been messed up with to warrant this shilling weakening??

during moi era ('93 to 98) it leaped to past shs 100 mark, but it was being manipulated by moi era crooks...



yes there are more buyers than sellers lol

Even during the Moi error, the shilling never dipped below 100, not unless you are talking of the black market!
@SufficientlyP
kyt
#17 Posted : Monday, June 13, 2011 6:14:45 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
dossy7 wrote:
The cost of oil will still increase if this is the trend hence higher cost of doing business

its a sad scenario in Kenya right now Sad Sad Sad Sad Sad Sad Sad Sad Sad
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
sparkly
#18 Posted : Monday, June 13, 2011 6:21:39 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Instead of seeing only doom and gloom, why not invest in agriculturals which earn their income in foreign currency and hedge your portifolios?
Life is short. Live passionately.
redi
#19 Posted : Monday, June 13, 2011 7:27:52 PM
Rank: Member

Joined: 1/24/2008
Posts: 46
Location: Embu
This is sad.its off the 80-85KSH target in the next 1yr.irrespective of the counter you put ua money in,the net effect is the same since we cnnt luk at the kenyan economy in isolation.
erifloss
#20 Posted : Tuesday, June 14, 2011 8:27:36 AM
Rank: Member

Joined: 6/21/2010
Posts: 514
Location: Nairobi
90 was expected. ICC after the six, the US & Europe after drug & corruption money, war in Libya & Gaddaffi's 'friends & interests' in Kenya, China increasing African invesments(Kenya is hq to most of its operations around East, Central & Southern Africa) & last but not least elections. Many 'people' want a weaker shilling and i do believe it is pure manipulation coz some huge amount of dollar might be coming in or is already in.
For sure Central bank could have averted this crisis early enough as we are net importers. Some personal interest is being fulfilled here. In most countries the dollar is weakening and the dollar demand around does not support this dramatic increase.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
14 Pages<1234>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2026 Wazua.co.ke. All Rights Reserved.