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Kenya Economy Watch
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maka
#81 Posted : Thursday, June 20, 2013 12:07:04 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Kausha wrote:
Mwau should be sincere, Kenya can not be lent 220 billion in Euros, that would be a junk bond! 85B is more like it.

we actually can in kshs...thats what he meant.
possunt quia posse videntur
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  | | Edit by user: Thursday, June 20, 2013 12:08 PM | Reason: Not specified
hisah
#82 Posted : Thursday, June 20, 2013 12:10:03 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mwekez@ji wrote:
World Bank emphasis on exports growth is genuine and for the good of the country. I dont see malicious intent in this call. May the government take heed

The export growth part is not the issue. The KES devaluation reco is the issue. Hii nimekataa...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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maka
#83 Posted : Thursday, June 20, 2013 12:20:06 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
hisah wrote:
mwekez@ji wrote:
World Bank emphasis on exports growth is genuine and for the good of the country. I dont see malicious intent in this call. May the government take heed

The export growth part is not the issue. The KES devaluation reco is the issue. Hii nimekataa...

The deficit on visible trade balance can..be countered by a surplus on the invisible account...export services this will strengthen BoP
possunt quia posse videntur
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Kausha
#84 Posted : Thursday, June 20, 2013 2:32:29 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
@hisah even at $2.5 billion that is already a Junk bond. Look at our current account and see why it would never fly. Debt capacity is linked to several factors and current account position is one of the key ones.
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mwekez@ji
#85 Posted : Thursday, June 20, 2013 5:04:06 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Kausha wrote:
@hisah even at $2.5 billion that is already a Junk bond. Look at our current account and see why it would never fly. Debt capacity is linked to several factors and current account position is one of the key ones.


@Kausha you underestimate our economy. We are currently having a very sustainable debt of KES 1.8T which is about 46% of nominal GDP. KES 200B ($2.5B) euro debt is not much to break a regional economic power that we are. I say, like @hisah, we can do KES 200B ($2.5B) euro bond
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symbols
#86 Posted : Friday, June 21, 2013 2:55:17 AM
Rank: Elder

Joined: 3/19/2013
Posts: 2,552
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mwekez@ji
#87 Posted : Friday, June 21, 2013 9:09:46 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
symbols wrote:
Kenya public debt to hit Sh2.4 trillion in three years time


... & debt/gdp ratio shall reduce to 43.9%. says our economy has capacity to borrow much more if need be smile
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  | | Edit by user: Friday, June 21, 2013 9:11 AM | Reason: Not specified
maka
#88 Posted : Friday, June 21, 2013 10:53:37 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
mwekez@ji wrote:
Kausha wrote:
@hisah even at $2.5 billion that is already a Junk bond. Look at our current account and see why it would never fly. Debt capacity is linked to several factors and current account position is one of the key ones.


@Kausha you underestimate our economy. We are currently having a very sustainable debt of KES 1.8T which is about 46% of nominal GDP. KES 200B ($2.5B) euro debt is not much to break a regional economic power that we are. I say, like @hisah, we can do KES 200B ($2.5B) euro bond

Rwanda with a credit rating of B(S&P and Fitch) borrowed 400m USD at 6.5%,their TE is 30...Kenya with a credit rating of B+ (S&P and Fitch) though with a lower TE of 21.5 can surely get 2.5 B Euros taken up quite easily...we are a bigger and stronger economy than the Rwandan one...
possunt quia posse videntur
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mwekez@ji
#89 Posted : Friday, June 21, 2013 11:50:07 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
maka wrote:
mwekez@ji wrote:
Kausha wrote:
@hisah even at $2.5 billion that is already a Junk bond. Look at our current account and see why it would never fly. Debt capacity is linked to several factors and current account position is one of the key ones.


@Kausha you underestimate our economy. We are currently having a very sustainable debt of KES 1.8T which is about 46% of nominal GDP. KES 200B ($2.5B) euro debt is not much to break a regional economic power that we are. I say, like @hisah, we can do KES 200B ($2.5B) euro bond

Rwanda with a credit rating of B(S&P and Fitch) borrowed 400m USD at 6.5%,their TE is 30...Kenya with a credit rating of B+ (S&P and Fitch) though with a lower TE of 21.5 can surely get 2.5 B Euros taken up quite easily...we are a bigger and stronger economy than the Rwandan one...


... also to add, rwanda euro bond attracted offers for over $3.5B against the $400M they wanted. That speaks alot for our euro bond which will be taken up quite easily as said
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mwekez@ji
#90 Posted : Friday, June 21, 2013 1:24:23 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Mombasa Port gets Sh4b grant

The United Kingdom has injected Sh4 billion (US$53 million) to modernise the port of Mombasa.

British High Commissioner Christian Turner said Kenya can achieve a double digit economic growth if it addresses port efficiency.

He said the money released through Trade Mark East Africa would help reduce cargo delays by three to four days.

He backed a directive by President Uhuru Kenyatta to all Government agencies at the port to improve efficiency. Acting Kenya Ports Authority managing director Joseph Atonga welcomed the UK gesture.

http://www.standardmedia.co.ke/...asa-port-gets-sh4b-grant
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