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Kenya Economy Watch
hisah
#841 Posted : Monday, November 10, 2014 5:27:43 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Kenya trade deficit widens to Sh792bn as imports increase

Quote:
The gap between imports and exports has widened to Sh792.2 billion in the first nine months of the year, defying the downward drift of crude oil prices in the global market. Imports grew 15 per cent over the period to hit Sh1.2 trillion by end of September, eclipsing exports that only grew by 7.5 per cent to Sh409 billion.


If brent was still trading above $115 this deficient would be wider.

USDKES is definitely headed past 90/-
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#842 Posted : Monday, November 10, 2014 5:53:09 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Fresh blow to banks as court sides with loan defaulter

Those of us holding bank stocks should take note of what is happening to default cases. Judiciary is becoming a curve ball.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#843 Posted : Wednesday, November 12, 2014 4:24:44 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
USDKES breaks above the 90 handle. Any chartist or TA fan will spot the breakout and will tell you that the highs are not yet done! We're getting started!

USDKES rally and NSE rally cannot be in the same sentence... Should brent oil prices rebound sharply back above $100, the current account deficient will smash KES while USD strengthens.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#844 Posted : Thursday, November 13, 2014 6:42:45 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
This is crazy admission by CBK!? Seriously? @scubidu @kizee1 @cde

http://www.businessdaily.../-/o31p83z/-/index.html

Oh dear KES... It'll definitely catch a cold.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Cde Monomotapa
#845 Posted : Thursday, November 13, 2014 7:21:42 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
hisah wrote:
This is crazy admission by CBK!? Seriously? @scubidu @kizee1 @cde

http://www.businessdaily.../-/o31p83z/-/index.html

Oh dear KES... It'll definitely catch a cold.


The velocity of money and a cashless economy. Discuss (20 mks). You could do a thesis on that @hisah smile I know of a certain CB who'd love to have it that good.

I think banks will be microscoped even further.

Mmmm...USD/KES. With most 'chumas' at 4 year lows bodes well for a net importer EA region nearterm. Wacha machuma zije!
kizee1
#846 Posted : Thursday, November 13, 2014 9:02:41 AM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
hisah wrote:
This is crazy admission by CBK!? Seriously? @scubidu @kizee1 @cde

http://www.businessdaily.../-/o31p83z/-/index.html

Oh dear KES... It'll definitely catch a cold.


im quite confused, what does this mean
hisah
#847 Posted : Saturday, November 15, 2014 4:49:44 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
kizee1 wrote:
hisah wrote:
This is crazy admission by CBK!? Seriously? @scubidu @kizee1 @cde

http://www.businessdaily.../-/o31p83z/-/index.html

Oh dear KES... It'll definitely catch a cold.


im quite confused, what does this mean

The CB doesn't know how much money is in circulation! So who else is printing KES?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Angelica _ann
#848 Posted : Wednesday, November 26, 2014 4:58:23 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Kshs. not fairing well........

NAIROBI, Nov 25 (Reuters) - Kenya's shilling fell to
a new three-year low on Tuesday, weakened by concerns the
central bank has wiped out some of its reserves and due to
falling revenue from the tourism and tea sectors, while shares
also retreated.
At the 1300 GMT close of trade, commercial banks posted the
shilling at 90.30/90.40 against the dollar, weaker than Monday's
closing level of 90.05/90.25 against the dollar.
"People are waiting to see if the central bank will
intervene again," said Ian Kahangara, a trader at the National
Bank of Kenya. He added the shilling had been negatively
impacted by recent interventions that had wiped out some of its
reserves.
The central bank sold dollars on Thursday and Friday last
week to prop up the shilling, on both occasions offering dollars
when the local currency was around the 90.30-level.
The shilling has weakened by 4.64 percent against the dollar
so far this year, under pressure from a fall in revenues from
tourism, a major hard currency earner that has been affected by
a spate of militant attacks in East Africa's biggest economy.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ericsson
#849 Posted : Tuesday, January 13, 2015 1:44:22 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
China records a trade surplus of $49bn in the month of December.
The figure is nearly the Kenyan GDP.
Kenya's trade deficit widens due to weak exports
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
hisah
#850 Posted : Sunday, January 18, 2015 5:15:51 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Why ask 70B from IMF just after a very successful eurobond? I wonder what will be the terms and conditions this time with VAT, CGT etc already rammed through due to a similar 2011 ECF from IMF...

http://mobile.nation.co....l/-/6d7bvk/-/index.html

What signal is treasury feeding the market? This was before the SNB shockwave last Thursday that generated illiquidity chaos in the swiss franc market, which is still unravelling.

Oil is down, inflation is down, econ is buoyant apart from tourism, so what shocks (event risk) is the treasury guarding against?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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