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Kenya Economy Watch
obiero
#1921 Posted : Tuesday, November 13, 2018 10:02:45 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Bamburi revenues to sink deeper https://www.businessdail...850334-d4d2h0/index.html

KQ ABP 4.26
Ericsson
#1922 Posted : Tuesday, November 13, 2018 10:15:13 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
[quote=obiero]Bamburi revenues to sink deeper https://www.businessdail...50334-d4d2h0/index.html[/quote]

Na bado iko mtu denying that the kenyan economy is not in recession
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Fyatu
#1923 Posted : Wednesday, November 14, 2018 8:34:05 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
obiero wrote:


Not to be a party pooper, but i think this data is wrong. I am witnessing daily the amount of cement being consumed in my current remote location and can tell you for a fact that cement consumption is higher than the last 5 years.
Yellow cranes are dotted everywhere in this country even in erstwhile small towns.Some progressive governors(not those in central province) are building storeyed hospitals from ground up...stadiums etc. Muhindis in Westlands and the Chinese are using huge volumes of simiti etc..Clinker storage yards for imported clinker are being commisioned every other day in Mariakani(area za Mombasani).
There is even a new haulage(ROCHE)firm with hundreds and hundreds of brand new 23 tonne trucks specifically for the hot cement/clinker importation that is going on in this nation. Kenyan government itself has even proposed a storage yard for cement raw materials in ICD Nairobi.

Lamu...lets me just stop there
Dumb money becomes dumb only when it listens to smart money
kayhara
#1924 Posted : Wednesday, November 14, 2018 8:42:21 AM
Rank: Veteran

Joined: 5/5/2011
Posts: 1,059
Fyatu wrote:
obiero wrote:


Not to be a party pooper, but i think this data is wrong. I am witnessing daily the amount of cement being consumed in my current remote location and can tell you for a fact that cement consumption is higher than the last 5 years.
Yellow cranes are dotted everywhere in this country.Clinker storage yards for imported clinker are being commisioned every other day in Mariakani(area za Mombasani).
There is even a new haulage(ROCHE)firm with hundreds of brand new 23 tonne trucks specifically for the hot cement/clinker importation that is going on in this nation. Kenyan government itself has even proposed a storage yard for cement raw materials in ICD Nairobi.
Lamu...lets me just stop there

Your way of looking at it is wrong, for example there has been huge jams of late but Kenya Bureau of statistics show that overall consumption of fuel is down 25% since the tax increase, same way
some areas are experiencing a construction boom but counties are broke so no cabro roads no offices etc being built, your area might be doing fine but the country as a whole construction is on a decline.
The big projects you mention are past the cement (concrete stage eg the SGR pillars and T beams are already mostly cast, same for Lamu port, the rest of our projects are not cement intensive.
To Each His Own
Fyatu
#1925 Posted : Wednesday, November 14, 2018 9:27:01 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
kayhara wrote:
Fyatu wrote:
obiero wrote:


Not to be a party pooper, but i think this data is wrong. I am witnessing daily the amount of cement being consumed in my current remote location and can tell you for a fact that cement consumption is higher than the last 5 years.
Yellow cranes are dotted everywhere in this country.Clinker storage yards for imported clinker are being commisioned every other day in Mariakani(area za Mombasani).
There is even a new haulage(ROCHE)firm with hundreds of brand new 23 tonne trucks specifically for the hot cement/clinker importation that is going on in this nation. Kenyan government itself has even proposed a storage yard for cement raw materials in ICD Nairobi.
Lamu...lets me just stop there

Your way of looking at it is wrong, for example there has been huge jams of late but Kenya Bureau of statistics show that overall consumption of fuel is down 25% since the tax increase, same way
some areas are experiencing a construction boom but counties are broke so no cabro roads no offices etc being built, your area might be doing fine but the country as a whole construction is on a decline.
The big projects you mention are past the cement (concrete stage eg the SGR pillars and T beams are already mostly cast, same for Lamu port, the rest of our projects are not cement intensive.



I wish to disagree with you my brother especially on the point that major projects are past concrete stage and that counties are not building.For example, what is happening in Lamu is some sort of land reclamation where the Chinese are building berths inside the sea.Here, they are bringing-in tonnes and tonnes of rocks(what people call hardcore) in ferries(sea vessels) on a daily basis and pouring into the sea. Once the rocks are say a few meters above the highest tide level truckloads and truckloads of ready mix(bamburi heavy duty cement) are driven in.This is a daily affair. If you stand on Manda bay and view the upcoming port, you will notice that 10 lorries of ready mix are nothing...akin to a thigiriri(ant in Gikuyu).

Look at this image

LINK

Notice the ready mix lorries? What size is that lorry compared to the behemouth that is clearly 95% pure simiti? It looks like a thigiriri right? Now think of over 100 acres of reclaimed sea which is > 50% simiti

I wish there was a better picture for progress in amu.In the meantime you can indulge in this:

Link

and even this other one for better perspective

LINK

I wish someone else will bear me witness on developments and constructions going on in the counties. In conclusion, i advice serious wazua investors not to rely on lazy journalism by githeri media(sana sana Business daily and the sub-standard newspaper). Be driving around and observe. Befriend thos fundis,welders,truck drivers and even a random Chinese guy. You will not believe what you have been missing/overlooking
Dumb money becomes dumb only when it listens to smart money
obiero
#1926 Posted : Wednesday, November 14, 2018 1:41:22 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Fyatu wrote:
kayhara wrote:
Fyatu wrote:
obiero wrote:


Not to be a party pooper, but i think this data is wrong. I am witnessing daily the amount of cement being consumed in my current remote location and can tell you for a fact that cement consumption is higher than the last 5 years.
Yellow cranes are dotted everywhere in this country.Clinker storage yards for imported clinker are being commisioned every other day in Mariakani(area za Mombasani).
There is even a new haulage(ROCHE)firm with hundreds of brand new 23 tonne trucks specifically for the hot cement/clinker importation that is going on in this nation. Kenyan government itself has even proposed a storage yard for cement raw materials in ICD Nairobi.
Lamu...lets me just stop there

Your way of looking at it is wrong, for example there has been huge jams of late but Kenya Bureau of statistics show that overall consumption of fuel is down 25% since the tax increase, same way
some areas are experiencing a construction boom but counties are broke so no cabro roads no offices etc being built, your area might be doing fine but the country as a whole construction is on a decline.
The big projects you mention are past the cement (concrete stage eg the SGR pillars and T beams are already mostly cast, same for Lamu port, the rest of our projects are not cement intensive.



I wish to disagree with you my brother especially on the point that major projects are past concrete stage and that counties are not building.For example, what is happening in Lamu is some sort of land reclamation where the Chinese are building berths inside the sea.Here, they are bringing-in tonnes and tonnes of rocks(what people call hardcore) in ferries(sea vessels) on a daily basis and pouring into the sea. Once the rocks are say a few meters above the highest tide level truckloads and truckloads of ready mix(bamburi heavy duty cement) are driven in.This is a daily affair. If you stand on Manda bay and view the upcoming port, you will notice that 10 lorries of ready mix are nothing...akin to a thigiriri(ant in Gikuyu).

Look at this image

LINK

Notice the ready mix lorries? What size is that lorry compared to the behemouth that is clearly 95% pure simiti? It looks like a thigiriri right? Now think of over 100 acres of reclaimed sea which is > 50% simiti

I wish there was a better picture for progress in amu.In the meantime you can indulge in this:

Link

and even this other one for better perspective

LINK

I wish someone else will bear me witness on developments and constructions going on in the counties. In conclusion, i advice serious wazua investors not to rely on lazy journalism by githeri media(sana sana Business daily and the sub-standard newspaper). Be driving around and observe. Befriend thos fundis,welders,truck drivers and even a random Chinese guy. You will not believe what you have been missing/overlooking

What I learned in statistics is that data can never be disputed unless contrary data is available.. Not hearsay or emotions

KQ ABP 4.26
Fyatu
#1927 Posted : Wednesday, November 14, 2018 2:04:57 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
obiero wrote:
Fyatu wrote:
kayhara wrote:
Fyatu wrote:
obiero wrote:


Not to be a party pooper, but i think this data is wrong. I am witnessing daily the amount of cement being consumed in my current remote location and can tell you for a fact that cement consumption is higher than the last 5 years.
Yellow cranes are dotted everywhere in this country.Clinker storage yards for imported clinker are being commisioned every other day in Mariakani(area za Mombasani).
There is even a new haulage(ROCHE)firm with hundreds of brand new 23 tonne trucks specifically for the hot cement/clinker importation that is going on in this nation. Kenyan government itself has even proposed a storage yard for cement raw materials in ICD Nairobi.
Lamu...lets me just stop there

Your way of looking at it is wrong, for example there has been huge jams of late but Kenya Bureau of statistics show that overall consumption of fuel is down 25% since the tax increase, same way
some areas are experiencing a construction boom but counties are broke so no cabro roads no offices etc being built, your area might be doing fine but the country as a whole construction is on a decline.
The big projects you mention are past the cement (concrete stage eg the SGR pillars and T beams are already mostly cast, same for Lamu port, the rest of our projects are not cement intensive.



I wish to disagree with you my brother especially on the point that major projects are past concrete stage and that counties are not building.For example, what is happening in Lamu is some sort of land reclamation where the Chinese are building berths inside the sea.Here, they are bringing-in tonnes and tonnes of rocks(what people call hardcore) in ferries(sea vessels) on a daily basis and pouring into the sea. Once the rocks are say a few meters above the highest tide level truckloads and truckloads of ready mix(bamburi heavy duty cement) are driven in.This is a daily affair. If you stand on Manda bay and view the upcoming port, you will notice that 10 lorries of ready mix are nothing...akin to a thigiriri(ant in Gikuyu).

Look at this image

LINK

Notice the ready mix lorries? What size is that lorry compared to the behemouth that is clearly 95% pure simiti? It looks like a thigiriri right? Now think of over 100 acres of reclaimed sea which is > 50% simiti

I wish there was a better picture for progress in amu.In the meantime you can indulge in this:

Link

and even this other one for better perspective

LINK

I wish someone else will bear me witness on developments and constructions going on in the counties. In conclusion, i advice serious wazua investors not to rely on lazy journalism by githeri media(sana sana Business daily and the sub-standard newspaper). Be driving around and observe. Befriend thos fundis,welders,truck drivers and even a random Chinese guy. You will not believe what you have been missing/overlooking

What I learned in statistics is that data can never be disputed unless contrary data is available.. Not hearsay or emotions


Sawa boss. Hiyo data ya armchair statisticians mimi hapana tambua
Dumb money becomes dumb only when it listens to smart money
FRM2011
#1928 Posted : Wednesday, November 14, 2018 2:19:51 PM
Rank: Elder

Joined: 11/5/2010
Posts: 2,459
[quote=obiero]Bamburi revenues to sink deeper https://www.businessdail...50334-d4d2h0/index.html[/quote]


Removing the stupid interest capping law would help the ssituation but we love politics too much and right now we can blame banks for our misdeeds.
obiero
#1929 Posted : Wednesday, November 14, 2018 6:56:20 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
FRM2011 wrote:
obiero wrote:



Removing the stupid interest capping law would help the ssituation but we love politics too much and right now we can blame banks for our misdeeds.

Right now it's too late. With inflation approaching 6%, cost of living and mad layoffs.. No ability will be present among the population to purchase or build houses.. Unless the affordable housing becomes reality via GoK subsidy, a person earning less than KES 110,000 monthly will struggle to get a mortgage at any Kenyan bank

KQ ABP 4.26
jgithige
#1930 Posted : Wednesday, November 14, 2018 8:57:31 PM
Rank: Member

Joined: 7/10/2014
Posts: 145
Location: Nairobi
FRM2011 wrote:
[quote=obiero]Bamburi revenues to sink deeper https://www.businessdail...50334-d4d2h0/index.html[/quote]


Removing the stupid interest capping law would help the ssituation but we love politics too much and right now we can blame banks for our misdeeds.


Bamburi should wake up and smell the coffee. Wanjiku is busy constructing using Simba and Mombasa cement.
"Blowing out someone else candle won't make yours shine brighter"-Anonymous
263 Pages«<191192193194195>»
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