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Kenya Economy Watch
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hisah
#31 Posted : Wednesday, June 05, 2013 6:28:34 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
WB says strong KES bad for KE econ - http://www.businessdaily...1/-/8fpm7l/-/index.html

What a nonsense article.

Devaluation of a net importing nation currency will not solve the current account deficit issue. Realigning the fiscal policies that will balance out the current sectoral econ imbalances will do the trick. Boost manufacturing & agri-econ esp SMEs through special economic zones. Then let the magic work itself out.

Foreign inflows are propping up KES... Seriously? Foreign inflows acting like CBK? Is GoK supposed to tell the foreign investors to take their funds elsewhere?!

Btw what are distribution stats for the BD paper? Any sales figures for the last 3 - 5yrs? Trying to see the readership growth or decline.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr
#32 Posted : Wednesday, June 05, 2013 7:38:37 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
hisah wrote:
WB says strong KES bad for KE econ - http://www.businessdaily...1/-/8fpm7l/-/index.html

What a nonsense article.

Devaluation of a net importing nation currency will not solve the current account deficit issue. Realigning the fiscal policies that will balance out the current sectoral econ imbalances will do the trick. Boost manufacturing & agri-econ esp SMEs through special economic zones. Then let the magic work itself out.

Foreign inflows are propping up KES... Seriously? Foreign inflows acting like CBK? Is GoK supposed to tell the foreign investors to take their funds elsewhere?!

Btw what are distribution stats for the BD paper? Any sales figures for the last 3 - 5yrs? Trying to see the readership growth or decline.


These reporters seem to not have anything to write these days. The articles are bogus little or no research in them.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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symbols
#33 Posted : Friday, June 07, 2013 4:19:11 AM
Rank: Elder

Joined: 3/19/2013
Posts: 2,552
Still not convinced.Seems we are still trying to figure out the game and instead of charting our own path.
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hisah
#34 Posted : Monday, June 10, 2013 1:23:08 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Stratlink Africa downgrades KE political risk rating - http://www.businessdaily.../-/m3oy5gz/-/index.html

Good for the econ, but would take their NSE bull bias for now with a pinch of salt. That bias is signalling toppishness in the short term...

http://www.businessdaily...4/-/m3oy5gz/-/index.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mwekez@ji
#35 Posted : Monday, June 10, 2013 10:04:01 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
hisah wrote:
Stratlink Africa downgrades KE political risk rating - http://www.businessdailyafrica..../-/m3oy5gz/-/index.html

Good for the econ, but would take their NSE bull bias for now with a pinch of salt. That bias is signalling toppishness in the short term...



@hisah, derisking of Kenya calls for an NSE bull. I like how they put it:

“We now expect to see the index rise and stay above the 5,100 point mark in the next few weeks,” said Stratlink.
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hisah
#36 Posted : Monday, June 10, 2013 11:49:31 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mwekez@ji wrote:
hisah wrote:
Stratlink Africa downgrades KE political risk rating - http://www.businessdailyafrica..../-/m3oy5gz/-/index.html

Good for the econ, but would take their NSE bull bias for now with a pinch of salt. That bias is signalling toppishness in the short term...



@hisah, derisking of Kenya calls for an NSE bull. I like how they put it:

“We now expect to see the index rise and stay above the 5,100 point mark in the next few weeks,” said Stratlink.


That is the toppish statement I was talking about. 5000 has failed to crack on 4 attempts this year. Should this 5th attempt fail with all that volume and that tight triangle compression between 4860 - 5000, the selloff will shock the bulls.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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youcan'tstopusnow
#37 Posted : Friday, June 14, 2013 3:23:05 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Cortec Mining Kenya Ltd is set to build a factory in
Mrima Hill in Kwale County for processing of niobium and other rare earths, bringing the Sh12.8 billion project closer to realisation.
The deposit is
considered world class and ranks amongst the top six in the world.
The government has elevated mining from a departmental office to a full ministry, underlining the prospects of the industry.
http://www.businessdaily...-/158j4v2z/-/index.html
Mining will no doubt be a key sector.
GOD BLESS YOUR LIFE
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hisah
#38 Posted : Friday, June 14, 2013 3:42:18 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
CBK wrote:
This week the Central Bank of Kenya offered 91-day Treasury Bills for a total of Kshs. 2 Billion. The total number of bids received was 180 amounting to Kshs 4.74 Billion, representing a subscription of 237%. Total bids accepted amounted to Kshs. 4.74 Billion. The market weighted average rate was 5.424%, and the weighted average of accepted bids which will be applied for non-competitive bids was 5.424% down from 6.721% in the previous auction.


Down by 129bps.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mwekez@ji
#39 Posted : Friday, June 14, 2013 5:47:08 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
hisah wrote:
CBK wrote:
This week the Central Bank of Kenya offered 91-day Treasury Bills for a total of Kshs. 2 Billion. The total number of bids received was 180 amounting to Kshs 4.74 Billion, representing a subscription of 237%. Total bids accepted amounted to Kshs. 4.74 Billion. The market weighted average rate was 5.424%, and the weighted average of accepted bids which will be applied for non-competitive bids was 5.424% down from 6.721% in the previous auction.


Down by 129bps.


Down to 5.424% smile

Good consolation for NSE bulls now that global markets are looking bad
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hisah
#40 Posted : Friday, June 14, 2013 6:20:17 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Price down yet the oil shortage looms as KPRL and OMC faceoff... The politricks will be clear soon.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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