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Kenya Economy Watch
hisah
#941 Posted : Friday, August 14, 2015 3:57:14 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Is the Dubai bank saga the reason why interbank rate has been blowing hot like a blow-torch?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#942 Posted : Sunday, September 13, 2015 11:41:12 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@kizee1 the tbill red signal is starting to flash. The last CBK auction shows that 91 day tbill pays a higher interest than the 182 day tbill and not so far from the 364 day tbill. The 364 day tbill rate is almost at par with current bond rate offers!

The yield curve is threatening to invert! Short end commanding higher rates than long end. That's a liquidity distress signal!

Equities need liquidity to stay afloat. If this liquidity is being vapourized by money markets, stocks will definitely sink lower.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Cde Monomotapa
#943 Posted : Monday, September 14, 2015 8:29:33 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
hisah wrote:
@kizee1 the tbill red signal is starting to flash. The last CBK auction shows that 91 day tbill pays a higher interest than the 182 day tbill and not so far from the 364 day tbill. The 364 day tbill rate is almost at par with current bond rate offers!

The yield curve is threatening to invert! Short end commanding higher rates than long end. That's a liquidity distress signal!

Equities need liquidity to stay afloat. If this liquidity is being vapourized by money markets, stocks will definitely sink lower.


Mega Bill coming up. The Bids here will be interesting. Enough to smooth the curve? We'll see. Foreign portfolio funds can be attracted to this one.

CBK to sell T-bond worth 30bn


[quote]Kenya will sell a one-year Treasury bond worth Sh30 billion shillings this month and its proceeds will go towards funding the government's budget, the Central Bank said on Friday - See more at: http://www.the-star.co.k...-sell-t-bond-worth-30bn[/quote]
Cde Monomotapa
#944 Posted : Tuesday, September 15, 2015 10:35:39 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Quote:
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.

http://source.co.zw/2015...avel-tourism-ministers/


Mzembi speaks on tourism challenges in Africa


While tourism has been a major contributor to the economic recovery in many parts of the world, generating foreign earnings, employment and investment, the tourism industry also suffered collateral damage marked by declining arrivals in most destinations in Africa due to various factors such as the Ebola outbreak, which reportedly claimed 11 133 in Sierra Leone, Liberia, Guinea, Mali and the United States.

UNWTO Commission for Africa chairman and Zimbabwe’s Tourism minister Walter Mzembi said although the outbreak was concentrated in West Africa, Zimbabwe among other countries substantially suffered a decline in arrivals. [Media: Masters of sensation & distortion!]

“Perception in source markets unfortunately views Africa as one contiguous destination, a country, when in fact the continent. The ubiquitous nature of this disease has far reaching global ramifications and it impacts negatively on tourism and trade business,” Mzembi said.

Another challenge facing tourism, according to Mzembi, was the intolerable carnage on wildlife through poaching amplified by illegal trade in game products.

He urged member countries to enhance sustainable management of natural resources for posterity, saying the most pressing issues were high levels of wildlife poaching, environmental degradation and illegal trade in wildlife products.

https://www.newsday.co.z...sm-challenges-in-africa/
Muthawamunene
#945 Posted : Monday, September 21, 2015 11:14:27 AM
Rank: Member

Joined: 1/3/2011
Posts: 264
Location: Nairobi
With irregular tenders being questioned and public wage being scrutinized, I for one I'm sure glad that the period of irrational exuberance is coming to an end. Can someone say bubble poppin?

I work very hard to make good software and systems, my neighbor buys drinks to get an overpriced tender award, I make less than a quarter of what he makes.

The economy went to shit when peeps started valuing services more that cold hard goods and technology.

Time for real skills and real productivity.

Back to fundamentals for EMs
alutacontinua
#946 Posted : Tuesday, September 22, 2015 5:57:17 PM
Rank: Member

Joined: 3/23/2011
Posts: 304
MPC leaves CBR at 11.50% citing month on month decrease of 0.8% in inflation (5.8% vs 6.6% previous) and low food and oil prices as some of the reasons. Dr. Njoroge however, notes that Elnino rains could disrupt food supply chains and exert pressure on food prices in the short term. This could be a major hit to PR govt as wanjiku takes to the streets with the unga revolution.

https://www.centralbank....of_September_22_2015.pdf
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
Cde Monomotapa
#947 Posted : Wednesday, September 30, 2015 12:13:39 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
[quote=Cde Monomotapa]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...icle/2015-06-07/189509/[/quote]

Quote:
Regional Director (Eastern and Southern Africa (ESAF) in the office of the International Civil Aviation Organisation (ICAO) Council, Mr Barry Kashambo said a liberalised airspace will reduce fares and increase flexibility in travel.

“The whole process is aimed at eliminating restrictions and providing guiding principles that will promote and ease movement of persons, goods and cargo by air,” Mr Kashambo told Smart Company by phone last week.


Quote:
The greatest benefit is expected to come from the classification of flights between the four countries as domestic, building on the recent move to allow use of national identification card as a travel document to ease movement within the bloc.
http://www.ghanaweb.com/...t&utm_medium=twitter
cnn
#948 Posted : Wednesday, September 30, 2015 7:23:12 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
Inlation rate up slightly to 5.97% in September.
ZZE123
#949 Posted : Tuesday, October 06, 2015 2:59:29 PM
Rank: Elder

Joined: 6/21/2008
Posts: 2,490
The shilling seems to be gaining against the dollar
The man who marries a beautiful woman, and the farmer who grows corn by the roadside have the same problem
Elephant Man
#950 Posted : Tuesday, October 06, 2015 7:54:56 PM
Rank: Member

Joined: 12/24/2008
Posts: 112
it's the dollar that's falling...
263 Pages«<9394959697>»
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