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M-Akiba treasury bonds via mobile
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Kenya set to issue KES 20bn 1-year Government bond. The Kenya Government is set to issue a KES 20bn 1-year bond on 26 October 2015. possunt quia posse videntur
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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maka wrote: Kenya set to issue KES 20bn 1-year Government bond. The Kenya Government is set to issue a KES 20bn 1-year bond on 26 October 2015. Is this the normal Bond ama ni Mpesa pia? Is it tax free ama iko tax?  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 3/23/2011 Posts: 304
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Impunity wrote:maka wrote: Kenya set to issue KES 20bn 1-year Government bond. The Kenya Government is set to issue a KES 20bn 1-year bond on 26 October 2015. Is this the normal Bond ama ni Mpesa pia? Is it tax free ama iko tax? A completely different bond (taxable) here is a link to the story http://www.businessdaily...2/-/l1bhu9/-/index.html
At the previous auctions CBK were looking for 4Billion and as we saw last week with the t-bills, subscription rates were through the roof. Just goes to show how desperate GoK is at the moment. The M-Akiba bond will be 5 years tax free paid out semi-annually. They have not released the official rates of the bond but should be out by the 16th of this month and auction should be on the 21st if memory serves me right. You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Rank: Member Joined: 3/23/2011 Posts: 304
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Found this pdf on the Medium Term Strategy on Debt by Treasury. We have to repay a massive 600Billion next year. Pic: https://pbs.twimg.com/me...Izo69WEAAd9QA.jpg:large
Pdf: http://www.africanbondma..._Debt_Strategy-2015.pdf
Where is this money going to come from? Will CBK be forced to turn on the printers? You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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2016 outlook seems one for the ages. The government is in a strait jacket financially. More downgrades internationally means getting extra debt will be at a serious premium, couple that with overcrowding the private sector domestically and the Tbill rate won't be going down anytime soon. In fact judging by the proposed ratio of external to domestic funding in that medium debt strategy the tbill rate is going to skyrocket with or without the M-akiba. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Member Joined: 3/26/2012 Posts: 830
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Minimum amount for investment Ksh 3000...target locked in= Wanjiku. One thing I have learned is to avoid investments tailored for Wanjiku...even in the NSE, the smart money makes the kill and Wanjiku goes home crying foul...almost always. Whenever I hear such investments meant for Wanjiku, I ignore and discourage anyone I know from investing. The best deals are hard to spot, and require effort to discover...there is no free lunch in financial markets. A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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S.Mutaga III wrote:Minimum amount for investment Ksh 3000...target locked in= Wanjiku. One thing I have learned is to avoid investments tailored for Wanjiku...even in the NSE, the smart money makes the kill and Wanjiku goes home crying foul...almost always. Whenever I hear such investments meant for Wanjiku, I ignore and discourage anyone I know from investing. The best deals are hard to spot, and require effort to discover...there is no free lunch in financial markets. Mpesa only allows 140K per day in transaction, how will anyone with a million KES be able to invest in this M-Akiibiwa thing? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 11/7/2013 Posts: 127 Location: Nairobi, Kenya
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Impunity wrote:S.Mutaga III wrote:Minimum amount for investment Ksh 3000...target locked in= Wanjiku. One thing I have learned is to avoid investments tailored for Wanjiku...even in the NSE, the smart money makes the kill and Wanjiku goes home crying foul...almost always. Whenever I hear such investments meant for Wanjiku, I ignore and discourage anyone I know from investing. The best deals are hard to spot, and require effort to discover...there is no free lunch in financial markets. Mpesa only allows 140K per day in transaction, how will anyone with a million KES be able to invest in this M-Akiibiwa thing? You can buy a max Kshs. 140,000 per day using M-pesa for as long as the bond is open (available for sale) I went into the (Ferry) industry knowing the same thing I knew with all other businesses I went into- Nothing. Then I built it from there. - Sheldon Adelson (Titans at the Table- Giants of Macau)
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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What is the status of this @Wanjiku milking? Is it on course to commence on 26th Oct? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Impunity wrote:What is the status of this @Wanjiku milking?
Is it on course to commence on 26th Oct? I read it was cancelled until interest rates reduce. Ie the curve stops being inverted The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Aguytrying wrote:Impunity wrote:What is the status of this @Wanjiku milking?
Is it on course to commence on 26th Oct? I read it was cancelled until interest rates reduce. Ie the curve stops being inverted What is that? Until the yield curve reverts to normal?! GoK has already lost the plot. Since when does a debtor call the shots. The amount of cash GoK needs to raise is huge. I don't see how the high rates will reduce any time soon. Anyway this bond would have still flopped. Taking away 3000 from the micro circulation will severely affect money velocity for the kadogo econ. Bad idea in a deflationary environment.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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Aguytrying wrote:Impunity wrote:What is the status of this @Wanjiku milking?
Is it on course to commence on 26th Oct? I read it was cancelled until interest rates reduce. Ie the curve stops being inverted Source please.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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The optimist wrote:Aguytrying wrote:Impunity wrote:What is the status of this @Wanjiku milking?
Is it on course to commence on 26th Oct? I read it was cancelled until interest rates reduce. Ie the curve stops being inverted Source please. Is @The Optimist still optimistic@ about getting "the source" of info? The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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S.Mutaga III wrote:Minimum amount for investment Ksh 3000...target locked in= Wanjiku. One thing I have learned is to avoid investments tailored for Wanjiku...even in the NSE, the smart money makes the kill and Wanjiku goes home crying foul...almost always. Whenever I hear such investments meant for Wanjiku, I ignore and discourage anyone I know from investing. The best deals are hard to spot, and require effort to discover...there is no free lunch in financial markets. Very true. why target the most uninformed lot in the fragment African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Sober wrote:S.Mutaga III wrote:Minimum amount for investment Ksh 3000...target locked in= Wanjiku. One thing I have learned is to avoid investments tailored for Wanjiku...even in the NSE, the smart money makes the kill and Wanjiku goes home crying foul...almost always. Whenever I hear such investments meant for Wanjiku, I ignore and discourage anyone I know from investing. The best deals are hard to spot, and require effort to discover...there is no free lunch in financial markets. Very true. why target the most uninformed lot in the fragment Wise words; reminds one of the Safaricom debacle. Common investors need a salutory protector.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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The optimist wrote:Aguytrying wrote:Impunity wrote:What is the status of this @Wanjiku milking?
Is it on course to commence on 26th Oct? I read it was cancelled until interest rates reduce. Ie the curve stops being inverted Source please. I saw guys who reported to CBK to apply were asked to proceed to Nation Centre. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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Impunity wrote:The optimist wrote:Aguytrying wrote:Impunity wrote:What is the status of this @Wanjiku milking?
Is it on course to commence on 26th Oct? I read it was cancelled until interest rates reduce. Ie the curve stops being inverted Source please. I saw guys who reported to CBK to apply were asked to proceed to Nation Centre. M-Akiba has been postponed indefinitely.... Too many loop holes i could read. starting with the basic information needed for an investor placing their money in any venture African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Sober wrote:Impunity wrote:The optimist wrote:Aguytrying wrote:Impunity wrote:What is the status of this @Wanjiku milking?
Is it on course to commence on 26th Oct? I read it was cancelled until interest rates reduce. Ie the curve stops being inverted Source please. I saw guys who reported to CBK to apply were asked to proceed to Nation Centre. M-Akiba has been postponed indefinitely.... Too many loop holes i could read. starting with the basic information needed for an investor placing their money in any venture Anyway it make no sense for @Wanjiku to place her KES. 3,000 locked in for 5 years and earn 15% pa interest...this will not improve he poor life. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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Clueless government and guys in the treasury, we are messed up as a country really messed up!! LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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May be these are the same guys who printed money before. Makes it worse that they have no idea how to get out of the current situation
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