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Kenya Economy Watch
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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I hope this is natural decline and not someone heeding to a call from the house on the hill. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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THE BIG STORYKRA misses first quarter target by whopping Sh28 billion The Kenya Revenue Authority missed its first quarter target by a whopping Sh28 billion, precipitating the biting cash crunch that has hit the government in the past two months. http://www.businessdaily...4/-/1595jc9/-/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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Rank: Elder Joined: 9/15/2006 Posts: 3,907
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The bigger story... More money for Kenya syndicated from 3 international banks at 5.7% pa http://www.reuters.com/a...s-idUSL8N12T35720151029
As CS Rotich continues to struggle finding exact use of first Eurobond https://pbs.twimg.com/media/CSjZBkVWwAATuIm.jpg
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Rank: User Joined: 1/20/2014 Posts: 3,528
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The syndicated loan is only KES 75b which will be KRA deficit by half year, excluding the going on. Anyway let us wait for SGR in Naivasha  Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Veteran Joined: 6/23/2014 Posts: 1,652
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Impunity wrote:I hope this is natural decline and not someone heeding to a call from the house on the hill. The law of demand and supply. Hutia Mundu!!
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Rank: Elder Joined: 9/15/2006 Posts: 3,907
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The words of Aly-Khan Satchu. Hmmmmn... Quote:This Loan is a near-term Silver Bullet for the Treasury.
Kenyan Economy
The loan has a two year tenor.
The Government was looking to drawdown 221b from the domestic bond
markets in this financial Year. In what became a Stand-Off at the OK
Corral the GOK actually redeemed about 61b until the recent
Capitulation which saw 1 Year T-Bills cross 23%.
It was that 'Swing'' which amplified the recent credit crunch.
Therefore 60b Shillings should go a long way towards compensating for
that Swing and ease interest rates in the domestic markets in the near
term.
I would immediately convert the Dollars into Shillings [which would
have the effect of bring the Shilling back into double digits] and
essentially put that Liquidity to work in the domestic market.
This Loan is a near-term Silver Bullet for the Treasury.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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muganda wrote:The words of Aly-Khan Satchu. Hmmmmn... Quote:This Loan is a near-term Silver Bullet for the Treasury.
Kenyan Economy
The loan has a two year tenor.
The Government was looking to drawdown 221b from the domestic bond
markets in this financial Year. In what became a Stand-Off at the OK
Corral the GOK actually redeemed about 61b until the recent
Capitulation which saw 1 Year T-Bills cross 23%.
It was that 'Swing'' which amplified the recent credit crunch.
Therefore 60b Shillings should go a long way towards compensating for
that Swing and ease interest rates in the domestic markets in the near
term.
I would immediately convert the Dollars into Shillings [which would
have the effect of bring the Shilling back into double digits] and
essentially put that Liquidity to work in the domestic market.
This Loan is a near-term Silver Bullet for the Treasury. The debt repayment bill for 2016 cannot be resolved with this patch up fixes as election mood sets in. Until treasury revises the debt plan the tbill market will be back on the up swing next year. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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muganda wrote:The words of Aly-Khan Satchu. Hmmmmn... Quote:This Loan is a near-term Silver Bullet for the Treasury.
Kenyan Economy
The loan has a two year tenor.
The Government was looking to drawdown 221b from the domestic bond
markets in this financial Year. In what became a Stand-Off at the OK
Corral the GOK actually redeemed about 61b until the recent
Capitulation which saw 1 Year T-Bills cross 23%.
It was that 'Swing'' which amplified the recent credit crunch.
Therefore 60b Shillings should go a long way towards compensating for
that Swing and ease interest rates in the domestic markets in the near
term.
I would immediately convert the Dollars into Shillings [which would
have the effect of bring the Shilling back into double digits] and
essentially put that Liquidity to work in the domestic market.
This Loan is a near-term Silver Bullet for the Treasury. I tend to over analyze anything he says before I can digest it.
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Rank: New-farer Joined: 10/19/2015 Posts: 21 Location: Everywhere
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whiteowl wrote:muganda wrote:The words of Aly-Khan Satchu. Hmmmmn... Quote:This Loan is a near-term Silver Bullet for the Treasury.
Kenyan Economy
The loan has a two year tenor.
The Government was looking to drawdown 221b from the domestic bond
markets in this financial Year. In what became a Stand-Off at the OK
Corral the GOK actually redeemed about 61b until the recent
Capitulation which saw 1 Year T-Bills cross 23%.
It was that 'Swing'' which amplified the recent credit crunch.
Therefore 60b Shillings should go a long way towards compensating for
that Swing and ease interest rates in the domestic markets in the near
term.
I would immediately convert the Dollars into Shillings [which would
have the effect of bring the Shilling back into double digits] and
essentially put that Liquidity to work in the domestic market.
This Loan is a near-term Silver Bullet for the Treasury. I tend to over analyze anything he says before I can digest it. This guy is a perma-bull. Indeed this credit will be a short-term boost but remember that our debt servicing costs are rising and our dollar flows seem patchy therefore the currency is far from being out of the woods. Secondly, a decline in interest rates to 10-11 should correspond with a decrease in the opportunity cost of holding dollar so from a macro perspective its just a patchwork.
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Always bear in mind that AA is a fund manager aka broker grahamsdisciple wrote:whiteowl wrote:muganda wrote:The words of Aly-Khan Satchu. Hmmmmn... Quote:This Loan is a near-term Silver Bullet for the Treasury.
Kenyan Economy
The loan has a two year tenor.
The Government was looking to drawdown 221b from the domestic bond
markets in this financial Year. In what became a Stand-Off at the OK
Corral the GOK actually redeemed about 61b until the recent
Capitulation which saw 1 Year T-Bills cross 23%.
It was that 'Swing'' which amplified the recent credit crunch.
Therefore 60b Shillings should go a long way towards compensating for
that Swing and ease interest rates in the domestic markets in the near
term.
I would immediately convert the Dollars into Shillings [which would
have the effect of bring the Shilling back into double digits] and
essentially put that Liquidity to work in the domestic market.
This Loan is a near-term Silver Bullet for the Treasury. I tend to over analyze anything he says before I can digest it. This guy is a perma-bull. Indeed this credit will be a short-term boost but remember that our debt servicing costs are rising and our dollar flows seem patchy therefore the currency is far from being out of the woods. Secondly, a decline in interest rates to 10-11 should correspond with a decrease in the opportunity cost of holding dollar so from a macro perspective its just a patchwork. Sehemu ndio nyumba
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