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Kenya Economy Watch
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Ericsson
#891 Posted : Wednesday, May 06, 2015 9:28:17 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Kenya's debt to China rises by Sh108.96 billion in seven months http://www.the-star.co.k...96-billion-seven-months …

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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whiteowl
#892 Posted : Wednesday, May 06, 2015 10:14:01 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
hisah wrote:
$KES breaks above 95 handle.

If KES crashes past 100 to the USD, bulls will start feeling the bear strength as finally the bargains period makes a comeback. Been a while since those fat tail discounts last popped up - value investors heaven.

This is really hurting the import business where you pay everything including the shipping cost in dollars.
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mkonomtupu
#893 Posted : Wednesday, May 06, 2015 10:31:33 AM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
whiteowl wrote:
hisah wrote:
$KES breaks above 95 handle.

If KES crashes past 100 to the USD, bulls will start feeling the bear strength as finally the bargains period makes a comeback. Been a while since those fat tail discounts last popped up - value investors heaven.

This is really hurting the import business where you pay everything including the shipping cost in dollars.


That's good we import too much stuff even toothpicks and export very little. The weakening shilling is good for the exporters like me
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whiteowl
#894 Posted : Wednesday, May 06, 2015 12:03:58 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
mkonomtupu wrote:
whiteowl wrote:
hisah wrote:
$KES breaks above 95 handle.

If KES crashes past 100 to the USD, bulls will start feeling the bear strength as finally the bargains period makes a comeback. Been a while since those fat tail discounts last popped up - value investors heaven.

This is really hurting the import business where you pay everything including the shipping cost in dollars.


That's good we import too much stuff even toothpicks and export very little. The weakening shilling is good for the exporters like me

The goods I import aren't available locally. Even if they were I doubt they'd be cheaper than buying them abroad. The trade deficit is caused by a number of systemic failures like few govt incentives and high cost of production. As a business man I only look at profit and loss so until it makes business sense to buy locally I'll keep importing.
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murchr
#895 Posted : Wednesday, May 06, 2015 4:38:43 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
whiteowl wrote:
mkonomtupu wrote:
whiteowl wrote:
hisah wrote:
$KES breaks above 95 handle.

If KES crashes past 100 to the USD, bulls will start feeling the bear strength as finally the bargains period makes a comeback. Been a while since those fat tail discounts last popped up - value investors heaven.

This is really hurting the import business where you pay everything including the shipping cost in dollars.


That's good we import too much stuff even toothpicks and export very little. The weakening shilling is good for the exporters like me

The goods I import aren't available locally. Even if they were I doubt they'd be cheaper than buying them abroad. The trade deficit is caused by a number of systemic failures like few govt incentives and high cost of production. As a business man I only look at profit and loss so until it makes business sense to buy locally I'll keep importing.


The $$ should keep strengthening so that it becomes cheaper to get whatever locally.

That outfit called BRAND KENYA is truly useless
"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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mlennyma
#896 Posted : Wednesday, May 06, 2015 4:51:33 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Capital gains tax has its contribution towards the shilling poor showing however small it may be.
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#897 Posted : Wednesday, May 06, 2015 8:27:08 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Monetary Policy committe retains CBR at 8.5%

https://www.centralbank....lease_-_6th_May_2015.pdf
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Cde Monomotapa
#898 Posted : Friday, May 15, 2015 12:46:02 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
murchr wrote:
Business Daily wrote:
After a 26-year break, the Republic of Ireland reopened its mission in Kenya late last year. The Business Daily’s George Ngigi spoke to the ambassador Vincent O’Neill on the vision behind Dublin’s renewed interest in Nairobi.


Interesting. The laggard play might just work. We await the American delegation now. Vishindo...

KV2030 NIFC, TUNASIJA!!

Kenya to establish financial hub to spur growth

http://www.kbc.co.ke/rut...ial-hubs-to-spur-growth/
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murchr
#899 Posted : Tuesday, May 19, 2015 3:50:57 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Kenya’s economic growth is next year set to hit seven per cent for the first time since 2007 on the back of increased foreign direct investment and improved balance of trade.

International Monetary Fund (IMF) said in a new report focusing on sub-Saharan Africa that the local economy will also benefit from a narrower current account deficit —the difference between imports and exports.

The growth in the gross domestic product (GDP) is expected to be 7.2 per cent, an improvement from the estimate for this year, which the Bretton Woods institution has forecast at 6.9 per cent.

In 2007, GDP growth was 7.0 per cent but rebounded after the post-election violence.

This year’s economic growth is anchored in, among other things, the investments in infrastructure, especially the standard gauge railway (SGR) where over Sh400 billion is to be spent in the next few years, the IMF said.

http://www.businessdaily...6/-/fp70h3z/-/index.html
"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
#900 Posted : Tuesday, May 19, 2015 7:58:58 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
murchr wrote:
Kenya’s economic growth is next year set to hit seven per cent for the first time since 2007 on the back of increased foreign direct investment and improved balance of trade.

International Monetary Fund (IMF) said in a new report focusing on sub-Saharan Africa that the local economy will also benefit from a narrower current account deficit —the difference between imports and exports.

The growth in the gross domestic product (GDP) is expected to be 7.2 per cent, an improvement from the estimate for this year, which the Bretton Woods institution has forecast at 6.9 per cent.

In 2007, GDP growth was 7.0 per cent but rebounded after the post-election violence.

This year’s economic growth is anchored in, among other things, the investments in infrastructure, especially the standard gauge railway (SGR) where over Sh400 billion is to be spent in the next few years, the IMF said.

http://www.businessdaily.../-/fp70h3z/-/index.html

IMF and govt econ reports are always off by a large margin. KE econ started stalling in Q4 2014 as per FY results of several firms. Q1 2015 results for the financial sector are also showing the econ contraction conditions are still present in 2015. How does an econ contracting two consecutive quarters suddenly sprint like a 100m dash?!? Those profit warnings will hurt in 2015 as conditions worsen. NSE is negative for the year coz the market can see what is coming. Profits will be a rare commodity. Financials will definitely sell assets to pad profits this year.

For now and into 2016 those lofty GDP flowers by gok and IMF are just that, flowery dreams.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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