@mazingira;
That is for budgetary support.Our coffers are dry

What is the Rate of Return ?

Petrol will go up by nearly 8 shillings on Thursday when ERC does the fuel price review

I wonder how the shilling will behave once the Fed start the rate hikes

If one had saved dollars at 80 at say 2% and there been an almost 20% devaluation in the shilling. That's a clean 22% if the fed increases the rate by 0.5% or worse 1%. Theres even more reason to hoarde the currency ...im seeing 100

its time to curse erc until price controls are stopped, it will be up up up for the next months

and why would a gvt leave such key positions vacant in a country with so many bright minds?ignorance and lack of direction, the former governor didnt leave on emergency it was known...will you ever find safcom without a ceo?

The inevitable will happen, serious spike in rates on the horizon.

Watch out for highly geared companies. If debt is a high percentage of equity expect rate hikes to possibly erode vitually all profits.

Uchumi falls in this category. ARM needs to move fast to deal with the short term borrowings. Trancentary already planning a rights issue to deal with debts. Home Afrika may post a bigger loss as they keep digging themselves in funny arrangements. KQ - its obvious where they are headed. Mumias - already deep in debt and cant pay.

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