Wazua
»
Investor
»
Economy
»
Kenya Economy Watch
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
Impetus on the Africa Airspace. Aviation: The next infrastructure growth frontier for AfricaQuote: The air transport industry in Africa is on the resurgence and aviation is, “The next infrastructure growth frontier for Africa”. This was the message at the International Air Transport Association (IATA) Aviation Day for Africa and the Middle East held at Intercontinental Hotel in Nairobi, Kenya, on June 23-24, 2015 under the theme, “Connecting Africa: The Linkage of Regulation, Capacity and Infrastructure”. http://www.afdb.org/en/n...ntier-for-africa-14478/
Eurocontrol and IATA to support improvement of AIS in Africa - See more at: http://www.africanaerosp...d&utm_medium=twitter
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
Kenya announced a 4.9 per cent economic growth in the 1st quarter of 2015 compared to 4.7 per cent at the same period in 2014 fired on by all cylinders except tourism. Kenya’s economy grew by 4.9 per cent in the first quarter of 2015 compared to 4.7 per cent in a similar period in 2014 supported by all sectors of the economy but tourism. http://www.nation.co.ke/...8/-/4yvpbkz/-/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
.
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
Shilling feels the pressure as trade deficit rises 59%Quote:The gap between Kenya’s imports and exports widened a massive 59 per cent or Sh37.7 billion in the first quarter of the year, explaining the significant depreciation of the shilling.
The Kenya National Bureau of Statistics (KNBS) reported the gap, also known as the current account deficit, stood at Sh101.5 billion, up from Sh63.7 billion recorded in the same quarter last year. Much of the exports pertain to the standard gauge railway construction.
“The deterioration in the current account balance was mainly occasioned by the increase in the import bill and the decline in the value of total exports in the same period. As a consequence, the current account balance recorded a deficit of Sh101.5 billion in the first quarter of 2015 compared to a deficit of Sh63.8 billion in the first quarter of 2014,” said the KNBS.
But those concerned and sitting at the ivory tower expect KES to become muscular! USD/KES > 100 today! That was my line in the sand to get out of the equity market completely until the market gets its head back.MPC sits tomorrow with a new governor in place. Their work is well cut out to say the least. Then add the curry flavour courtesy of Greece crisis and you can see the headwinds coming. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Elder Joined: 7/23/2008 Posts: 3,017
|
hisah wrote:Shilling feels the pressure as trade deficit rises 59%Quote:The gap between Kenya’s imports and exports widened a massive 59 per cent or Sh37.7 billion in the first quarter of the year, explaining the significant depreciation of the shilling.
The Kenya National Bureau of Statistics (KNBS) reported the gap, also known as the current account deficit, stood at Sh101.5 billion, up from Sh63.7 billion recorded in the same quarter last year. Much of the exports pertain to the standard gauge railway construction.
“The deterioration in the current account balance was mainly occasioned by the increase in the import bill and the decline in the value of total exports in the same period. As a consequence, the current account balance recorded a deficit of Sh101.5 billion in the first quarter of 2015 compared to a deficit of Sh63.8 billion in the first quarter of 2014,” said the KNBS.
But those concerned and sitting at the ivory tower expect KES to become muscular! USD/KES > 100 today! That was my line in the sand to get out of the equity market completely until the market gets its head back.MPC sits tomorrow with a new governor in place. Their work is well cut out to say the least. Then add the curry flavour courtesy of Greece crisis and you can see the headwinds coming. Doesn't seem well thought out for me. The SGR should be taking nothing away from the country, my understanding is that it comes with foreign funding (in most parts goods needed are bartered directly for debt that does not yet exist) so should ideally have no impact on our BOP. If anything it should improve our BOP due to the local input thats majorly labour and whatever else the shainese didn't ship over and have to purchase locally. "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
Of the Top 10 items imported in Kenya is Rice and Wheat....Let the dollar rise, if we cant plant wheat and rice then we'll starve. 1 2710 Refined Petroleum $2,703,673,845.00 19% 2 3004 Packaged Medicaments $400,517,587.00 2.9% 3 8703 Cars $392,772,064.00 2.8% 4 8704 Delivery Trucks $299,813,308.00 2.1% 5 7208 Hot-Rolled Iron $294,642,109.00 2.1% 6 1001 Wheat $267,141,151.00 1.9% 7 8802 Planes, Helicopters, and/or Spacecraft $231,524,490.00 1.7% 8 1006 Rice $216,378,571.00 1.5% 9 8517 Telephones $210,715,626.00 1.5% 10 1511 Palm Oil "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
.
|
|
|
Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
|
murchr wrote:Of the Top 10 items imported in Kenya is Rice and Wheat....Let the dollar rise, if we cant plant wheat and rice then we'll starve.
1 2710 Refined Petroleum $2,703,673,845.00 19%
2 3004 Packaged Medicaments $400,517,587.00 2.9%
3 8703 Cars $392,772,064.00 2.8%
4 8704 Delivery Trucks $299,813,308.00 2.1%
5 7208 Hot-Rolled Iron $294,642,109.00 2.1%
6 1001 Wheat $267,141,151.00 1.9%
7 8802 Planes, Helicopters, and/or Spacecraft $231,524,490.00 1.7%
8 1006 Rice $216,378,571.00 1.5%
9 8517 Telephones $210,715,626.00 1.5%
10 1511 Palm Oil Jameni jameni hata mchele .kwani no one can encourage farmers to grow Ngano . Someone should sit down cs wa agriculture and cs wa finance and teach them how they can control the dollar rate with simple arithmetic
|
|
|
Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
|
Obi 1 Kanobi wrote:hisah wrote:Shilling feels the pressure as trade deficit rises 59%Quote:The gap between Kenya’s imports and exports widened a massive 59 per cent or Sh37.7 billion in the first quarter of the year, explaining the significant depreciation of the shilling.
The Kenya National Bureau of Statistics (KNBS) reported the gap, also known as the current account deficit, stood at Sh101.5 billion, up from Sh63.7 billion recorded in the same quarter last year. Much of the exports pertain to the standard gauge railway construction.
“The deterioration in the current account balance was mainly occasioned by the increase in the import bill and the decline in the value of total exports in the same period. As a consequence, the current account balance recorded a deficit of Sh101.5 billion in the first quarter of 2015 compared to a deficit of Sh63.8 billion in the first quarter of 2014,” said the KNBS.
But those concerned and sitting at the ivory tower expect KES to become muscular! USD/KES > 100 today! That was my line in the sand to get out of the equity market completely until the market gets its head back.MPC sits tomorrow with a new governor in place. Their work is well cut out to say the least. Then add the curry flavour courtesy of Greece crisis and you can see the headwinds coming. Doesn't seem well thought out for me. The SGR should be taking nothing away from the country, my understanding is that it comes with foreign funding (in most parts goods needed are bartered directly for debt that does not yet exist) so should ideally have no impact on our BOP. If anything it should improve our BOP due to the local input thats majorly labour and whatever else the shainese didn't ship over and have to purchase locally. did u say SGR does not take anything away from the country? where does the steel? machinery cement and such come from?
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
2015 KE econ theme job cuts... Recession is here. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Elder Joined: 7/23/2008 Posts: 3,017
|
kizee1 wrote:Obi 1 Kanobi wrote:hisah wrote:Shilling feels the pressure as trade deficit rises 59%Quote:The gap between Kenya’s imports and exports widened a massive 59 per cent or Sh37.7 billion in the first quarter of the year, explaining the significant depreciation of the shilling.
The Kenya National Bureau of Statistics (KNBS) reported the gap, also known as the current account deficit, stood at Sh101.5 billion, up from Sh63.7 billion recorded in the same quarter last year. Much of the exports pertain to the standard gauge railway construction.
“The deterioration in the current account balance was mainly occasioned by the increase in the import bill and the decline in the value of total exports in the same period. As a consequence, the current account balance recorded a deficit of Sh101.5 billion in the first quarter of 2015 compared to a deficit of Sh63.8 billion in the first quarter of 2014,” said the KNBS.
But those concerned and sitting at the ivory tower expect KES to become muscular! USD/KES > 100 today! That was my line in the sand to get out of the equity market completely until the market gets its head back.MPC sits tomorrow with a new governor in place. Their work is well cut out to say the least. Then add the curry flavour courtesy of Greece crisis and you can see the headwinds coming. Doesn't seem well thought out for me. The SGR should be taking nothing away from the country, my understanding is that it comes with foreign funding (in most parts goods needed are bartered directly for debt that does not yet exist) so should ideally have no impact on our BOP. If anything it should improve our BOP due to the local input thats majorly labour and whatever else the shainese didn't ship over and have to purchase locally. did u say SGR does not take anything away from the country? where does the steel? machinery cement and such come from? It does not matter where the raw materials come from, the cost incurred are actually FDI. Remember the project is for now being financed by the Shainese and I presume there is a moratorium on repayment of the loan until the project is complete. So no cash outflows. My 2 cents? "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
|
|
|
Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
|
how does an import become FDI?
|
|
|
Wazua
»
Investor
»
Economy
»
Kenya Economy Watch
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|