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Kenya Economy Watch
alutacontinua
#1441 Posted : Monday, May 08, 2017 3:39:37 PM
Rank: Member


Joined: 3/23/2011
Posts: 285
Kenya set to import 100,000 tonnes of sugar...

http://kenyanwallstreet....nes-sugar-curb-shortage




You dont have to be great to START but you have to start to be GREAT!!!!!!!!
Ericsson
#1442 Posted : Wednesday, May 10, 2017 11:29:14 AM
Rank: Elder


Joined: 12/4/2009
Posts: 3,250
Location: NAIROBI
According to Duale's bill in yesterday's parliamentary debate on his motion for PAYE to go up by 10%
maka
#1443 Posted : Wednesday, May 10, 2017 11:46:22 AM
Rank: Elder


Joined: 4/22/2010
Posts: 9,885
Location: Nairobi
Ericsson wrote:
According to Duale's bill in yesterday's parliamentary debate on his motion for PAYE to go up by 10%


Heeeeh....Pray Pray
possunt quia posse videntur
Flo-ology
#1444 Posted : Wednesday, May 10, 2017 12:29:59 PM
Rank: Member


Joined: 12/17/2016
Posts: 133
maka wrote:
Ericsson wrote:
According to Duale's bill in yesterday's parliamentary debate on his motion for PAYE to go up by 10%


Heeeeh....Pray Pray


What is wrong with this government??? This will receive serious backlash
Reflection Eternal
Angelica _ann
#1445 Posted : Wednesday, May 10, 2017 12:54:30 PM
Rank: Elder


Joined: 12/7/2012
Posts: 6,991
Flo-ology wrote:
maka wrote:
Ericsson wrote:
According to Duale's bill in yesterday's parliamentary debate on his motion for PAYE to go up by 10%


Heeeeh....Pray Pray


What is wrong with this government??? This will receive serious backlash


let us all support our Government to prosper for the better of tomorrow. smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
moneydust
#1446 Posted : Wednesday, May 10, 2017 1:11:12 PM
Rank: Member


Joined: 1/31/2007
Posts: 287
Ericsson wrote:
According to Duale's bill in yesterday's parliamentary debate on his motion for PAYE to go up by 10%


Do you have a link to support this?
What could be the meaning of that statement?..does it mean the tax rate is going up, or is it that the tax bands will be expanded.Because one is good while the other is bad.So which is which?
Angelica _ann
#1447 Posted : Wednesday, May 10, 2017 1:38:44 PM
Rank: Elder


Joined: 12/7/2012
Posts: 6,991
moneydust wrote:
Ericsson wrote:
According to Duale's bill in yesterday's parliamentary debate on his motion for PAYE to go up by 10%


Do you have a link to support this?
What could be the meaning of that statement?..does it mean the tax rate is going up, or is it that the tax bands will be expanded.Because one is good while the other is bad.So which is which?


I believe it is the latter which is a good thing to individuals smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Lolest!
#1448 Posted : Wednesday, May 10, 2017 1:48:20 PM
Rank: Elder


Joined: 3/18/2011
Posts: 10,005
Location: Kianjokoma
moneydust wrote:
Ericsson wrote:
According to Duale's bill in yesterday's parliamentary debate on his motion for PAYE to go up by 10%


Do you have a link to support this?
What could be the meaning of that statement?..does it mean the tax rate is going up, or is it that the tax bands will be expanded.Because one is good while the other is bad.So which is which?

It's tax bands to ease tax burden

If taxes were increased it would have been on front page of all dailies

No govt would dare do that 3 months to polls
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
moneydust
#1449 Posted : Wednesday, May 10, 2017 1:55:09 PM
Rank: Member


Joined: 1/31/2007
Posts: 287
Lolest! wrote:
moneydust wrote:
Ericsson wrote:
According to Duale's bill in yesterday's parliamentary debate on his motion for PAYE to go up by 10%


Do you have a link to support this?
What could be the meaning of that statement?..does it mean the tax rate is going up, or is it that the tax bands will be expanded.Because one is good while the other is bad.So which is which?

It's tax bands to ease tax burden

If taxes were increased it would have been on front page of all dailies

No govt would dare do that 3 months to polls


Then why are people so quick to post alarmist statements..Would it hurt to just get the facts right???
Ericsson
#1450 Posted : Friday, May 12, 2017 3:16:28 PM
Rank: Elder


Joined: 12/4/2009
Posts: 3,250
Location: NAIROBI
Kenya borrowed $1 billion via a syndicated loan from commercial banks, $200 million more than anticipated, Thomson Reuters publication IFR reported on Friday.

The East African nation said in March it was raising a total of $1.55 billion in syndicated loans, with $800 million coming from commercial banks and the rest from development finance banks.

The $1 billion loan was split into a two-year tranche and a three-year tranche, IFR cited bankers as saying. The loan was arranged by Citigroup, Rand Merchant Bank, Standard Bank and Standard Chartered Bank.

http://af.reuters.com/ar...&utm_campaign=buffer
Ericsson
#1451 Posted : Thursday, May 18, 2017 1:14:40 PM
Rank: Elder


Joined: 12/4/2009
Posts: 3,250
Location: NAIROBI
The govt plan in the 2016/17 budget was to borrow Shs.612bn from the domestic market.
By end of Dec 16, it was increased to Shs.912bn.
Ericsson
#1452 Posted : Thursday, May 25, 2017 11:12:05 AM
Rank: Elder


Joined: 12/4/2009
Posts: 3,250
Location: NAIROBI
http://www.businessdaily...41174-v88t53/index.html

Ethiopia opens Sh371bn gap on Kenya’s economy
Liv
#1453 Posted : Thursday, May 25, 2017 11:49:36 AM
Rank: Veteran


Joined: 11/14/2006
Posts: 1,125
Kenya's GDP at $69B slightly below $73B total of Uganda's $26B + Tanzania's $47
Ericsson
#1454 Posted : Monday, July 10, 2017 12:21:46 PM
Rank: Elder


Joined: 12/4/2009
Posts: 3,250
Location: NAIROBI
Kenya's SRC reduces MPs salaries from Sh 720,000 to 621,00 @ month. Sitting & mileage allowance abolished. Says move meant to reduce wastage
President's salary also reduced from Sh 1.6Mn to Sh 1.4Mn

New salary structures for State officers
President-1.4M
Deputy President-1.2M
CS- 924K
AG-924K
KDF boss-924K
PS- 765K
MPs- 621K
Senators-621k
Women Reps-621k
Governors sh924K
Deputy Governors-621k
MCAs-144K
No sitting and mileage allowances
Angelica _ann
#1455 Posted : Monday, July 10, 2017 9:25:22 PM
Rank: Elder


Joined: 12/7/2012
Posts: 6,991
Ericsson wrote:
Kenya's SRC reduces MPs salaries from Sh 720,000 to 621,00 @ month. Sitting & mileage allowance abolished. Says move meant to reduce wastage
President's salary also reduced from Sh 1.6Mn to Sh 1.4Mn

New salary structures for State officers
President-1.4M
Deputy President-1.2M
CS- 924K
AG-924K
KDF boss-924K
PS- 765K
MPs- 621K
Senators-621k
Women Reps-621k
Governors sh924K
Deputy Governors-621k
MCAs-144K
No sitting and mileage allowances


Mileage restructured smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
aemathenge
#1456 Posted : Tuesday, July 11, 2017 12:04:17 AM
Rank: Elder


Joined: 10/18/2008
Posts: 2,629
Location: Kerugoya
Ericsson wrote:

CS- 924K
Governors sh924K

Minji Sweetie gets "lighter" duties via the voter but keeps her salary scale.
aemathenge
#1457 Posted : Tuesday, July 11, 2017 12:11:19 AM
Rank: Elder


Joined: 10/18/2008
Posts: 2,629
Location: Kerugoya
Ericsson wrote:
Kenya's SRC reduces MPs salaries from Sh 720,000 to 621,00 @ month.

Sitting & mileage allowance abolished.
MPs- 621K
Senators-621k
Women Reps-621k
MCAs-144K
No sitting and mileage allowances

That Commission had better receive its working budget fire-walled by the Constitution.

Otherwise, the second agenda, after appointment of the Respective Speakers, will be its disbanding and or damaging budget fund cuts.

The final take home figure for each of those cadres shall be no less than 25% higher by the time the new team is done with the Commission.

I hope I am wrong, but then this is Kenia.
Ebenyo
#1458 Posted : Tuesday, July 11, 2017 10:20:00 AM
Rank: Member


Joined: 4/4/2016
Posts: 823
Location: Kitale
Ericsson wrote:
Kenya's SRC reduces MPs salaries from Sh 720,000 to 621,00 @ month. Sitting & mileage allowance abolished. Says move meant to reduce wastage
President's salary also reduced from Sh 1.6Mn to Sh 1.4Mn

New salary structures for State officers
President-1.4M
Deputy President-1.2M
CS- 924K
AG-924K
KDF boss-924K
PS- 765K
MPs- 621K
Senators-621k
Women Reps-621k
Governors sh924K
Deputy Governors-621k
MCAs-144K
No sitting and mileage allowances



Though the move is wise,its not the best.The economy is about quality.It cannot be fixed by slashing salaries of state officials.They are not the problem.KRA must be probed for not attaining its targets YOY.Then let the country reduce its dependence on debts.
The difference between poverty and wealth is in mentality.
winston
#1459 Posted : Tuesday, July 11, 2017 3:21:37 PM
Rank: Member


Joined: 4/14/2010
Posts: 696
Location: Nairobi
SRC...good move. But as usual Mpigs first agenda of the next parliament will be to deal with SRC.

The law of 'no sitting and mileage allowances' together with caps on 'Daily Subsistence Allowances and out of town/country trips' should be extended through out government. Then we can see the real effect.
maka
#1460 Posted : Tuesday, July 11, 2017 3:37:28 PM
Rank: Elder


Joined: 4/22/2010
Posts: 9,885
Location: Nairobi
winston wrote:
SRC...good move. But as usual Mpigs first agenda of the next parliament will be to deal with SRC.

The law of 'no sitting and mileage allowances' together with caps on 'Daily Subsistence Allowances and out of town/country trips' should be extended through out government. Then we can see the real effect.


Word...
possunt quia posse videntur
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