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Kenya Economy Watch
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Cde Monomotapa
#801 Posted : Wednesday, September 24, 2014 12:39:45 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
^OK. Great. Kumbe there are other types of convos at Club SK. Cool.

Then we're looking at more empowered consumers in the event/going forward.
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hisah
#802 Posted : Wednesday, September 24, 2014 1:43:23 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
NOTICE: Gova coming to the streetz hustling soon. #Wanjiku movement for better priced funding. #Mobile

Bank Bulls be prepared. Basically, it's being put between a rock & a hard place. Either banks raise savings rates for all saving accounts (squeezing margins - CoF) or CBK takes it all*. #Popcorn

Central Bank of Kenya Amendment Bill targets retailers’ savings to fund State coffers
Read more at: http://www.standardmedia...s-to-fund-state-coffers

Definitely this will hit hard at the banks!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Angelica _ann
#803 Posted : Wednesday, September 24, 2014 1:46:22 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
hisah wrote:
Cde Monomotapa wrote:
NOTICE: Gova coming to the streetz hustling soon. #Wanjiku movement for better priced funding. #Mobile

Bank Bulls be prepared. Basically, it's being put between a rock & a hard place. Either banks raise savings rates for all saving accounts (squeezing margins - CoF) or CBK takes it all*. #Popcorn

Central Bank of Kenya Amendment Bill targets retailers’ savings to fund State coffers
Read more at: http://www.standardmedia...s-to-fund-state-coffers

Definitely this will hit hard at the banks!

Will be good for the economy though in the long run .......... if managed well and funds deployed for infrastructure development!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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murchr
#804 Posted : Saturday, September 27, 2014 6:45:27 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Kengen Media report Aug 2014

Plans are underway to move EPZ industrial parks to Naivasha http://www.kengen.co.ke/...9th%20August%202014.pdf

The EPZ companies will be buying power direct from KENG without going through KPLC.

Paper company interested in setting up at Olkaria industrial park
http://www.kengen.co.ke/...6th-8th%20September.pdf

If this goes according to plan, we could see a big migration of citizens from Nairobi to Naivasha.

"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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hisah
#805 Posted : Monday, September 29, 2014 3:06:22 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
USDKES > 90 definitely is on the cards. It's no longer a debate if it'll happen, but when? The debate now switches towards how the defence will be done when 95 and above is scaled... USD fed rate will be hiked, fact as well as bond buying program is coming to an end. How will CBs defend against a muscular USD with their limited USD reserves?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#806 Posted : Monday, September 29, 2014 3:56:51 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Rahatupu wrote:
What about this debasing thing? Keenly watching this space.

http://www.theeastafrica...1/-/b2ek5e/-/index.html

If GDP is rebased today by whatever factor does that add more KES to your coffers to boost your purchasing power? It's a mirage. Same as removing some CPI items from the inflation formula to fudge the inflation rate downwards. They did this in Feb 2010. Now its GDP rebasing. 2011 cycle will repeat again just like the rising and setting of the sun!

When you are done debating with yourself about the above reality check then read this article - http://ow.ly/C411X


$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Monday, September 29, 2014 4:00 PM | Reason: Not specified
Mainat
#807 Posted : Monday, September 29, 2014 5:44:24 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Even the famously optimistic rich is calling it
hisah wrote:
USDKES > 90 definitely is on the cards. It's no longer a debate if it'll happen, but when? The debate now switches towards how the defence will be done when 95 and above is scaled... USD fed rate will be hiked, fact as well as bond buying program is coming to an end. How will CBs defend against a muscular USD with their limited USD reserves?

Sehemu ndio nyumba
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Angelica _ann
#808 Posted : Tuesday, September 30, 2014 4:04:00 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
From another thread............

muganda wrote:
The deed is done. Kenya has now overtaken Ethiopia, Ghana and Tunisia. Growth rate now 5.7%

Should be safe as the first 2 have rebased to 2010 or later...

http://www.bloomberg.com/news/2...onomy-climbs-by-25-.html


In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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urstill1
#809 Posted : Wednesday, October 01, 2014 12:25:48 PM
Rank: User

Joined: 9/6/2013
Posts: 1,446
Location: In a house
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Mucene
#810 Posted : Wednesday, October 01, 2014 3:14:24 PM
Rank: Member

Joined: 8/4/2012
Posts: 155
Location: Kenya
hisah wrote:
Rahatupu wrote:
What about this debasing thing? Keenly watching this space.

http://www.theeastafrica...1/-/b2ek5e/-/index.html

If GDP is rebased today by whatever factor does that add more KES to your coffers to boost your purchasing power? It's a mirage. Same as removing some CPI items from the inflation formula to fudge the inflation rate downwards. They did this in Feb 2010. Now its GDP rebasing. 2011 cycle will repeat again just like the rising and setting of the sun!

When you are done debating with yourself about the above reality check then read this article - http://ow.ly/C411X




Rebasing is meant to accurately measure the GDP, that is, get to know what the size of the current GDP more accurately.
If you don't want to go to plan B have a good plan A.
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