Wazua
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Kenya Economy Watch
Rank: Chief Joined: 1/13/2011 Posts: 5,964
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rwitre wrote:[quote=Cde Monomotapa]Sanford $ Son: NSE corporate Kenya junk promoters. Stockbrokers suffer losses after activity dips at NSE http://www.theeastafrica...3794-ml43uaz/index.html
Investors blame taxes for foreign exits at the bourse https://www.nation.co.ke...91910-ictiby/index.html[/quote] The bear that began towards end of 2014 was triggered by treasury wanting to introduce capital gains tax on the NSE. Since then it has been a downward spiral. From electioneering period, skyrocketing debt, interest rate cap, and now low liquidity in the economy and taxes everywhere. Treasury mandarins keep chest-thumping that we're on the right course. It's sad really.
Let them eat GDP!
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Rank: Elder Joined: 6/23/2009 Posts: 14,440 Location: nairobi
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Cde Monomotapa wrote:rwitre wrote:[quote=Cde Monomotapa]Sanford $ Son: NSE corporate Kenya junk promoters. Stockbrokers suffer losses after activity dips at NSE http://www.theeastafrica...3794-ml43uaz/index.html
Investors blame taxes for foreign exits at the bourse https://www.nation.co.ke...91910-ictiby/index.html[/quote] The bear that began towards end of 2014 was triggered by treasury wanting to introduce capital gains tax on the NSE. Since then it has been a downward spiral. From electioneering period, skyrocketing debt, interest rate cap, and now low liquidity in the economy and taxes everywhere. Treasury mandarins keep chest-thumping that we're on the right course. It's sad really.
Let them eat GDP! Unless the average voter fervently demands for better governance, calls for political accountability as well as efficient management of public resources to liberate the country from the current shackles and manacles of its power-thirsty and corrupt political elites, Kenya will remain a failed project that forever eats its own children. COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:Cde Monomotapa wrote:rwitre wrote:[quote=Cde Monomotapa]Sanford $ Son: NSE corporate Kenya junk promoters. Stockbrokers suffer losses after activity dips at NSE http://www.theeastafrica...3794-ml43uaz/index.html
Investors blame taxes for foreign exits at the bourse https://www.nation.co.ke...91910-ictiby/index.html[/quote] The bear that began towards end of 2014 was triggered by treasury wanting to introduce capital gains tax on the NSE. Since then it has been a downward spiral. From electioneering period, skyrocketing debt, interest rate cap, and now low liquidity in the economy and taxes everywhere. Treasury mandarins keep chest-thumping that we're on the right course. It's sad really.
Let them eat GDP! Unless the average voter fervently demands for better governance, calls for political accountability as well as efficient management of public resources to liberate the country from the current shackles and manacles of its power-thirsty and corrupt political elites, Kenya will remain a failed project that forever eats its own children. Well said... possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 14,440 Location: nairobi
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 COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Elder Joined: 12/7/2012 Posts: 11,941
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@Obiero thanks for this. Fellows stop whining about the economy & join the money minters. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Hello Joined: 10/10/2018 Posts: 1 Location: United State
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Thanks buddy its really knowledgeable thread.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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I guess those of us βwhiningβ are not in that category ππ hence the whining ππ
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Rank: Elder Joined: 6/23/2009 Posts: 14,440 Location: nairobi
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Angelica _ann wrote:@Obiero thanks for this. Fellows stop whining about the economy & join the money minters. Actually it's proof that corruption is happening on a massive scale by a clique of connected individuals. I personally have increased my family wealth over the stated period but I am aware of many people who have lost jobs, lost livelihoods, corporate companies that went under or are barely surviving.. COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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obiero wrote:Angelica _ann wrote:@Obiero thanks for this. Fellows stop whining about the economy & join the money minters. Actually it's proof that corruption is happening on a massive scale by a clique of connected individuals. I personally have increased my family wealth over the stated period but I am aware of many people who have lost jobs, lost livelihoods, corporate companies that went under or are barely surviving.. Agreed @Obiero... The barometer is corporate earnings at the NSE... Given by recent interim earnings reports... NSE companies are barely surviving... So which sector are these super richs being minted from? Real Estate? Banking? Aviation? The corruption sector of course... It's very lucrative... Take for example Kenya Power can report a loss yet some jamas in that financial year became super rich by selling faulty transformers lol .. A huge chunk of the Kenyan budget flows into individual pockets each year thus minting new millionaires... I say NSE companies because.. 1. Deep pockets 2. Talent 3. Corporate history 4. Super brands 5. Monopolies
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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the deal wrote:obiero wrote:Angelica _ann wrote:@Obiero thanks for this. Fellows stop whining about the economy & join the money minters. Actually it's proof that corruption is happening on a massive scale by a clique of connected individuals. I personally have increased my family wealth over the stated period but I am aware of many people who have lost jobs, lost livelihoods, corporate companies that went under or are barely surviving.. Agreed @Obiero... The barometer is corporate earnings at the NSE... Given by recent interim earnings reports... NSE companies are barely surviving... So which sector are these super richs being minted from? Real Estate? Banking? Aviation? The corruption sector of course... It's very lucrative... Take for example Kenya Power can report a loss yet some jamas in that financial year became super rich by selling faulty transformers lol .. A huge chunk of the Kenyan budget flows into individual pockets each year thus minting new millionaires... I say NSE companies because.. 1. Deep pockets 2. Talent 3. Corporate history 4. Super brands 5. Monopolies Stealing as though they will live forever. Greed and gluttony 
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