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Kenya Economy Watch
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murchr
#901 Posted : Saturday, May 23, 2015 7:52:02 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
We need more of these http://www.businessdaily...0/-/hp5r06z/-/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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subzero
#902 Posted : Monday, June 01, 2015 4:32:29 PM
Rank: Member

Joined: 1/10/2008
Posts: 365
http://www.businessdailyafrica.com/Inflation-eases-to-6-87pc-on-rising-food-supply/-/539546/2733886/-/poirap/-/index.html

Inflation is easing ??
Really, even with the shillings weak position at the moment ?

something seems oddly wrong with the way we calculate our inflation figures
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Ericsson
#903 Posted : Wednesday, June 03, 2015 4:05:31 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
With the announcement of the nominee for the central bank;the Kenyan currency has started strengthening versus major world currencies
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Cde Monomotapa
#904 Posted : Sunday, June 07, 2015 12:42:43 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Regional leaders launch implementation authority

Quote:
The Heads of State under the Northern Corridor Integration Projects (NCIP) initiative have formed an authority that will primarily fast track implementation of agreed on decisions.

The Northern Corridor is the transport network that links the landlocked countries of Uganda Rwanda, South Sudan and Burundi to Kenya’s Maritime Port of Mombasa.


Quote:
Ethiopia’s Minister for Foreign Affairs Dr. Tedros Adhanom Ghebreyesus, EAC Secretary General Dr. Richard Sezibera and Donat Bagula the Executive Secretary of the Northern Corridor Transit and Transport Coordination Authority (NCTTCA) attended as observers.

DRC and Tanzania sent some senior officials to represent them. The next Summit will be held in Nairobi, Kenya in two months time

http://www.newtimes.co.r...ticle/2015-06-07/189509/
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Cde Monomotapa
#905 Posted : Sunday, June 21, 2015 12:10:56 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Open Africa’s skies to facilitate travel – tourism ministers

Quote:
HARARE, June 19 (The Source) – Africa needs to open up its airspace to improve connectivity which is seen as crucial to facilitating ease of movement for tourists across the continent which is desperate for income, South Africa’s tourism minister Derek Hanekom has said.

The United Nations World Tourism (UNWTO) reports that global tourism has been on the rise, putting 2014 travellers at 1,138 billion. Africa’s share of the tourism receipts and arrivals is a mere five percent.

Hanekom who was speaking at a tourism conference in Harare on Thursday said improved air networks would encourage more visitors to travel across Africa, giving the continent a bigger share of the global market.

“Our own aviation policies are to blame for the small share which we account for. We have countries protecting their own national carriers not wanting to open up to competition,” Hanekom said. [name names.. Laughing out loudly]

http://source.co.zw/2015...ravel-tourism-ministers/
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murchr
#906 Posted : Monday, June 29, 2015 8:10:09 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
murchr #889 Posted : Friday, May 01, 2015 1:40:47 PM
wrote:
hisah wrote:
murchr wrote:
Paradox...Is the shilling weakening? How is the shilling doing when measured against the Yen, Euro, RMB? The dollar is strengthening ... against all currencies.

The global trade currency is the $. Current account deficit is very sensitive to KES weakness vs $. Dollar reserves are finite unless you can print the $ which CBK can't. This is why I state if $KES rate becomes volatile CBK will be forced to hike CBR. That will make liquidity tight and spike interest rates both deposits and loans and pull the handbrake on the econ. For an econ already on a slump as per those KNBS statistics, a CBR hike will be a nasty curveball.

The proposed budget is expansionary, but KES weakness might just pour cold water to that stimulus. A tricky delicate balance for treasury.

@mukiri - 8% dividend yield or better if you plan to stay put in risky assets as well as NAV discounts (fat tails)as equities price dips. Equities trading close to NAV ride out the storm best. Fixed income (tbills, fixed deposits etc) too offers nice returns of 10% and above when risky assets get clobbered. If not sure what to do just keep your cash.


Given that the USD is the global medium of exchange and its bound continue strengthening in the foreseeable future, don't you think the status quo (weak Ksh vs USD) remains up until we reduce our imports and boost our exports...bring in more tourists...or pump out that crude and start selling it....am seeing 100 hitting before Dec 2015. CBR hike will be nasty indeed.


Pray It was going to be that soon June 29
"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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murchr
#907 Posted : Tuesday, June 30, 2015 5:29:43 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Kenya needs to make investments worth Sh1.7 trillion each year if the country is to attain growth rates of over 10 per cent annually, National Treasury Cabinet Secretary, Henry Rotich has said.

Such investments, equivalent to 32 per cent of the country’s GDP would be channelled to critical sectors in energy and infrastructure development.

“We need investment level of about 32 per cent of GDP for us to achieve a 10 per cent growth. Mobilisation of savings to that level is very critical that is why we are emphasizing the financial sector to contribute to raising of these savings for the investment needs that we require in our economy to double digit growth,” Mr Rotich said in Nairobi on Tuesday.

http://www.nation.co.ke/...8/-/f8pjlhz/-/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
#908 Posted : Tuesday, June 30, 2015 5:42:33 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
murchr wrote:
Kenya needs to make investments worth Sh1.7 trillion each year if the country is to attain growth rates of over 10 per cent annually, National Treasury Cabinet Secretary, Henry Rotich has said.

Such investments, equivalent to 32 per cent of the country’s GDP would be channelled to critical sectors in energy and infrastructure development.

“We need investment level of about 32 per cent of GDP for us to achieve a 10 per cent growth. Mobilisation of savings to that level is very critical that is why we are emphasizing the financial sector to contribute to raising of these savings for the investment needs that we require in our economy to double digit growth,” Mr Rotich said in Nairobi on Tuesday.

http://www.nation.co.ke/.../-/f8pjlhz/-/index.html

By taxing everything and hiking the CBR... Great. Let's see how that capital will come calling.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#909 Posted : Tuesday, June 30, 2015 6:50:25 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Greek crisis: 'We rely on imports. Soon even the most basic goods won't be available’

Does this sound familiar in KE?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr
#910 Posted : Tuesday, June 30, 2015 8:12:33 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
hisah wrote:
Greek crisis: 'We rely on imports. Soon even the most basic goods won't be available’

Does this sound familiar in KE?


This is my greatest fear, unlike the Hellenic nation, we have capacity to produce but we're very heavily reliant on things foreign...who wonders why we have such high numbers of unemployment yet we want to eat eggs laid in SA.....if we dont tame the import appetite then we'll be a Greece in the making.
"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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