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Kenya Economy Watch
youcan'tstopusnow
#21 Posted : Friday, May 31, 2013 12:24:38 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
mwekez@ji wrote:
Kenya, Rwanda race for middle-income status



Kenya and Rwanda are the only East African countries expected to reach middle-income status by 2025, financial consulting firm Ernst & Young has predicted.

The E&Y projection is based on Kenya’s high foreign direct investment (FDI) inflows, infrastructure development and a diversified economy which has set a basis for rapid growth.

Surprised they don't think UG will make it, mafuta and all. But I think the growth rates they are using are very conservative.
GOD BLESS YOUR LIFE
youcan'tstopusnow
#22 Posted : Friday, May 31, 2013 12:27:54 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Inflation numbers to be released today, sio?
GOD BLESS YOUR LIFE
mwekez@ji
#23 Posted : Friday, May 31, 2013 1:33:03 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
youcan'tstopusnow wrote:
mwekez@ji wrote:
Kenya, Rwanda race for middle-income status



Kenya and Rwanda are the only East African countries expected to reach middle-income status by 2025, financial consulting firm Ernst & Young has predicted.

The E&Y projection is based on Kenya’s high foreign direct investment (FDI) inflows, infrastructure development and a diversified economy which has set a basis for rapid growth.

Surprised they don't think UG will make it, mafuta and all. But I think the growth rates they are using are very conservative.


Yeah, those growth rates are very conservative .... Wondering about UG but then M7 come to mind
youcan'tstopusnow
#24 Posted : Friday, May 31, 2013 6:13:17 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
youcan'tstopusnow wrote:
Inflation numbers to be released today, sio?

Kenya's inflation rate fell to 4.05 percent in the year to May from 4.14 percent a month before, confounding expectations of a rise and opening the way for lower interest rates to support the economy.
http://news.yahoo.com/ke...4-05-pct-105135508.html
GOD BLESS YOUR LIFE
mwekez@ji
#25 Posted : Friday, May 31, 2013 9:52:42 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
youcan'tstopusnow wrote:
youcan'tstopusnow wrote:
Inflation numbers to be released today, sio?

Kenya's inflation rate fell to 4.05 percent in the year to May from 4.14 percent a month before, confounding expectations of a rise and opening the way for lower interest rates to support the economy. http://news.yahoo.com/kenya-inf...-4-05-pct-105135508.html


... and the month on month inflation now stands at a low 0.17% smile http://www.knbs.or.ke/cpi/cpi052013.pdf
youcan'tstopusnow
#26 Posted : Friday, May 31, 2013 11:04:43 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
mwekez@ji wrote:
youcan'tstopusnow wrote:
mwekez@ji wrote:
Kenya, Rwanda race for middle-income status



Kenya and Rwanda are the only East African countries expected to reach middle-income status by 2025, financial consulting firm Ernst & Young has predicted.

The E&Y projection is based on Kenya’s high foreign direct investment (FDI) inflows, infrastructure development and a diversified economy which has set a basis for rapid growth.

Surprised they don't think UG will make it, mafuta and all. But I think the growth rates they are using are very conservative.


Yeah, those growth rates are very conservative .... Wondering about UG but then M7 come to mind


Uganda's government can expect to earn $50 billion on behalf of its 35 million strong population from reserves already discovered over the lifetime of the fields, Tullow said - almost three years' worth of its $17 billion gross domestic product (GDP).
http://uk.mobile.reuters...0EA47I20130531?irpc=932
GOD BLESS YOUR LIFE
mwekez@ji
#27 Posted : Monday, June 03, 2013 10:41:39 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Tullow’s Sh600m tax to Treasury signals oil windfall >>> http://www.businessdailyafrica....28/-/ev8o1h/-/index.html
mwekez@ji
#28 Posted : Tuesday, June 04, 2013 5:20:30 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Kenya central bank sees credit growth gathering pace

Kenya's central bank expects commercial lending rates to fall and the pace of private sector credit growth to pick up this year as the economy rebounds from an election-related slowdown, its governor said on Tuesday.

An aggressive tightening of monetary policy to tackle rampant inflation that began in mid-2011, and a slowdown in economic activity ahead of the presidential vote in March saw annual credit growth fall to about 12 per cent in February from 35 per cent in late 2011.

After the poll's disputed outcome was settled peacefully in court and not violently on the streets as happened five years ago, the government now expects economic growth to accelerate to 6 per cent this year from 4.6 per cent last.
hisah
#29 Posted : Tuesday, June 04, 2013 5:23:10 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mwekez@ji wrote:
Kenya central bank sees credit growth gathering pace

Kenya's central bank expects commercial lending rates to fall and the pace of private sector credit growth to pick up this year as the economy rebounds from an election-related slowdown, its governor said on Tuesday.

An aggressive tightening of monetary policy to tackle rampant inflation that began in mid-2011, and a slowdown in economic activity ahead of the presidential vote in March saw annual credit growth fall to about 12 per cent in February from 35 per cent in late 2011.

After the poll's disputed outcome was settled peacefully in court and not violently on the streets as happened five years ago, the government now expects economic growth to accelerate to 6 per cent this year from 4.6 per cent last.

More liquidity flood gates smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
mwekez@ji
#30 Posted : Tuesday, June 04, 2013 5:29:31 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
hisah wrote:
mwekez@ji wrote:
Kenya central bank sees credit growth gathering pace

Kenya's central bank expects commercial lending rates to fall and the pace of private sector credit growth to pick up this year as the economy rebounds from an election-related slowdown, its governor said on Tuesday.

An aggressive tightening of monetary policy to tackle rampant inflation that began in mid-2011, and a slowdown in economic activity ahead of the presidential vote in March saw annual credit growth fall to about 12 per cent in February from 35 per cent in late 2011.

After the poll's disputed outcome was settled peacefully in court and not violently on the streets as happened five years ago, the government now expects economic growth to accelerate to 6 per cent this year from 4.6 per cent last.

More liquidity flood gates smile


Very good for the NSE bulls smile
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