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Fall in Purchasing Power
Monk
#1 Posted : Friday, April 27, 2018 7:23:14 AM
Rank: Member

Joined: 7/1/2009
Posts: 274
https://www.businessdailyafrica.com/analysis/editorials/Restrain-from-loading-taxes-on-primary-goods/4259378-4532146-93l6x7/index.html This is apparent from the fall in patronage at restaurants in the CBD, and other businesses across the city. Yet our labour costs are driving some businesses to close shop or relocate to other countries. https://www.businessdailyafrica.com/news/jobs-at-risk-as-James-Finlay-closes-Kericho-flower-farms/539546-4532308-g06rtn/index.html How does one resolve this paradox? Is our inflation higher than the levels reported, and perhaps the cause of this situation? Are recent Tax reforms (Excise, VAT etc) the cause?
Drobos fly
#2 Posted : Friday, April 27, 2018 12:52:21 PM
Rank: Member

Joined: 4/24/2012
Posts: 331
Location: Vantage point
It is difficult to drive inflation down in growing and thriving corruption that factors quite a bit into it. I see it as an eventuality not a single event occurrence.
Mukiri
#3 Posted : Friday, April 27, 2018 1:50:55 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
I'm of the opinion that people are finally getting their priorities right. That, devolution and an improved infrastructure. Take for instance in construction. Kenyan's are all about stone and mortar when we are blessed with much cheaper and lasting alternatives. Mud huts have stood the test of time, why do we subject ourselves to destructive quarries and very expensive stone? Devolution is making other counties more attractive prompting a reversal of the rural-urban migration as is improved infrastructure like roads and rail, making people shun the crowded and overly inflated apartments for suburbans... your Rongai and Kitengela. Moreover, restaurants are all about junk food and unhealthy oils.. about time people carried packed lunches and used the savings to get out of the rat-race
Proverbs 19:21
Swenani
#4 Posted : Friday, April 27, 2018 2:51:02 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Monk wrote:
https://www.businessdailyafrica.com/analysis/editorials/Restrain-from-loading-taxes-on-primary-goods/4259378-4532146-93l6x7/index.html This is apparent from the fall in patronage at restaurants in the CBD, and other businesses across the city. Yet our labour costs are driving some businesses to close shop or relocate to other countries. https://www.businessdailyafrica.com/news/jobs-at-risk-as-James-Finlay-closes-Kericho-flower-farms/539546-4532308-g06rtn/index.html How does one resolve this paradox? Is our inflation higher than the levels reported, and perhaps the cause of this situation? Are recent Tax reforms (Excise, VAT etc) the cause?
which paradox? The kenyan economy added 800K jobs in the last one year
Quote:
Kenya’s economy shrugged off prolonged election jitters and a biting drought to create more than 800,000 jobs.
If Obiero did it, Who Am I?
Monk
#5 Posted : Saturday, April 28, 2018 7:24:46 AM
Rank: Member

Joined: 7/1/2009
Posts: 274
Swenani wrote:
Monk wrote:
https://www.businessdailyafrica.com/analysis/editorials/Restrain-from-loading-taxes-on-primary-goods/4259378-4532146-93l6x7/index.html This is apparent from the fall in patronage at restaurants in the CBD, and other businesses across the city. Yet our labour costs are driving some businesses to close shop or relocate to other countries. https://www.businessdailyafrica.com/news/jobs-at-risk-as-James-Finlay-closes-Kericho-flower-farms/539546-4532308-g06rtn/index.html How does one resolve this paradox? Is our inflation higher than the levels reported, and perhaps the cause of this situation? Are recent Tax reforms (Excise, VAT etc) the cause?
which paradox? The kenyan economy added 800K jobs in the last one year
Quote:
Kenya’s economy shrugged off prolonged election jitters and a biting drought to create more than 800,000 jobs.
I first noted the trend of missing customers in eateries at one of the suburbs. I figured this was a byproduct of the cash crunch affecting the informal workers after the rate caps. When I saw the same trend in the CBD, I was baffled. The patrons here are presumed to be formal workers, whose salaries are normally adjusted for inflation annually. And i don't buy the argument that they all suddenly woke up and decided to adopt healthier lives by carrying home-cooked packed lunch.
obiero
#6 Posted : Thursday, May 03, 2018 9:39:15 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,321
Location: nairobi
Monk wrote:
Swenani wrote:
Monk wrote:
https://www.businessdailyafrica.com/analysis/editorials/Restrain-from-loading-taxes-on-primary-goods/4259378-4532146-93l6x7/index.html This is apparent from the fall in patronage at restaurants in the CBD, and other businesses across the city. Yet our labour costs are driving some businesses to close shop or relocate to other countries. https://www.businessdailyafrica.com/news/jobs-at-risk-as-James-Finlay-closes-Kericho-flower-farms/539546-4532308-g06rtn/index.html How does one resolve this paradox? Is our inflation higher than the levels reported, and perhaps the cause of this situation? Are recent Tax reforms (Excise, VAT etc) the cause?
which paradox? The kenyan economy added 800K jobs in the last one year
Quote:
Kenya’s economy shrugged off prolonged election jitters and a biting drought to create more than 800,000 jobs.
I first noted the trend of missing customers in eateries at one of the suburbs. I figured this was a byproduct of the cash crunch affecting the informal workers after the rate caps. When I saw the same trend in the CBD, I was baffled. The patrons here are presumed to be formal workers, whose salaries are normally adjusted for inflation annually. And i don't buy the argument that they all suddenly woke up and decided to adopt healthier lives by carrying home-cooked packed lunch.
Seems that there's still pockets of affluence https://www.businessdail...43636-12na3gb/index.html
COOP, IMH, KEGN, KQ, MTNU
obiero
#7 Posted : Thursday, May 03, 2018 9:48:20 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,321
Location: nairobi
Let me leave this here https://www.businessdail...43518-r7fqt6z/index.html
COOP, IMH, KEGN, KQ, MTNU
Ericsson
#8 Posted : Thursday, May 03, 2018 9:56:15 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
I leave this here too https://www.businessdail...43854-xr3sqjz/index.html
Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
wukan
#9 Posted : Friday, May 04, 2018 9:47:39 AM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,658
Quote:
commissioner-general John Njiraini had in a statement to newsrooms described the 16.3, 16.0 and 11.2 per cent drop in duty collected from beer, cigarettes and spirits, respectively, in six months to December as “unusual”.
https://www.businessdail...41602-8evg9wz/index.html GoK is still planning to raise excise taxes once againd'oh!
Monk
#10 Posted : Saturday, May 05, 2018 5:54:53 PM
Rank: Member

Joined: 7/1/2009
Posts: 274
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