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Kenya Economy Watch
sparkly
#2141 Posted : Sunday, August 11, 2019 5:37:23 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,420
Location: Enk are Nyirobi
whiteowl wrote:
Are guys cleaning the old 1000 notes through malls? Offers like 50% off on some electronics and 15/= on bread don't make sense at all.And all offers are ending on September 30th.


How does someone clean 1000 notes through strategy?
Life is short. Live passionately.
whiteowl
#2142 Posted : Sunday, August 11, 2019 7:21:04 PM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,375
Location: Bohemian Grove
sparkly wrote:
whiteowl wrote:
Are guys cleaning the old 1000 notes through malls? Offers like 50% off on some electronics and 15/= on bread don't make sense at all.And all offers are ending on September 30th.


How does someone clean 1000 notes through strategy?


Offers justify a spike in sales.Just bank your notes from the "sales" though it will be less the discounts, taxes and commission for cleaning when the cash eventually gets back to you.
Extraterrestrial
#2143 Posted : Tuesday, August 13, 2019 6:23:53 AM
Rank: New-farer


Joined: 11/17/2018
Posts: 95
Location: Mars
The Stanbic Bank Kenya PMI decreased to 54.1 in July of 2019 from 54.3 in the previous month. The latest reading pointed to another strong improvement in the health of the private sector, mainly due to an even sharper rise in new orders, following another strong increase in demand during June. New export orders growth was sharp but softer than in the previous month and the rate of job creation eased from the two-and-a-half year high recorded in June. On the price front, overall input prices rose at a notable pace and output prices reported the quickest increase since last December. Finally, the outlook for future activity improved even further in July, beating June's previous record high due to investment and expansion plans at several firms.


https://tradingeconomics.../kenya/manufacturing-pmi
Ericsson
#2144 Posted : Tuesday, August 13, 2019 9:39:02 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,734
Location: NAIROBI
https://kenyanwallstreet...d-over-treasurys-order/

The National Treasury has instructed all government owned institutions to hand over the cash balances in their bank accounts. On Monday, the treasury invited heads of state-owned corporations to discuss how much near liquid assets and cash balances they would surrender to the state.

This move intends to reduce the cost of borrowing for government. Government entities are the biggest buyers of treasury securities. Meaning the state corporations lend to the government at a cost.

Treasury Public Secretary Julius Muia commented that such demands have happened in the past. However, they now want to formalize the cash collections and target all state corporations. The surplus money which the corporations will pay back to the government will be accounted for as retained earnings, continued Dr Muia.

Business Daily reported that over ten parastatals are holding more than Ksh100 million, a significant amount to be collected upon implementation of the directive.

Banks and parastatals are not happy with the Treasury directive. Commercial banks fear that the order will affect their liquidy. At the same time, they worry that the instruction takes away confidence money upon which they relied on to lend parastatals.

Heads of state corporations fear that taking away the surplus will limit their loose cash used to finance daily operations and contingencies.

Dr Muia responded that the process would be carried out smoothly, after consultation with each state corporation. The senior official brushed off banks’ fears saying that there is sufficient liquidity in the market.

“But the amounts are not big, and if you look at the liquidity of the banking sector they are awash with money with liquidity ratios higher than that required by the CBK,” said Dr Julius Muia.
kenyan2019
#2145 Posted : Thursday, August 15, 2019 8:45:02 AM
Rank: New-farer


Joined: 12/30/2018
Posts: 47
KPC installs crude oil heater ahead of export https://www.businessdail...5602-ecviaiz/index.html via @BD_Africa
Ericsson
#2146 Posted : Thursday, August 15, 2019 9:46:57 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,734
Location: NAIROBI
Real People Kenya Limited is restructuring its debt. Final maturity dates of KES 1billion notes extended to 2028. 267m 3 year notes maturity extended to 28 Feb 2020.
Ericsson
#2147 Posted : Thursday, August 15, 2019 9:48:02 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,734
Location: NAIROBI
Credit to the private sector grew by
4.3% in March 2019 compared to 2.1% in March 2018.
Growth of credit to government increased from 7.1% in March
2018 to 54.3% in 2019." - Kenya Institute for Public Policy Research & Analysis
lochaz-index
#2148 Posted : Thursday, August 15, 2019 12:51:51 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 997
Ericsson wrote:
Credit to the private sector grew by
4.3% in March 2019 compared to 2.1% in March 2018.
Growth of credit to government increased from 7.1% in March
2018 to 54.3% in 2019." - Kenya Institute for Public Policy Research & Analysis

Public sector dominance continues unabated and unabashed.
The main purpose of the stock market is to make fools of as many people as possible.
Ericsson
#2149 Posted : Thursday, August 15, 2019 5:16:57 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,734
Location: NAIROBI
https://www.the-star.co....triking-chemchina-deal/


NAIROBI, Aug 15 (Reuters) - Kenya is set to export its first crude oil after its government and a group led by explorer Tullow Oil picked trading company ChemChina UK Ltd to buy its first shipments, the Petroleum and Mining Ministry said.

"ChemChina UK Ltd has been selected as the buyer for Kenya's first crude oil exports," Petroleum Principal Secretary Andrew Kamau said in a statement on Thursday. He did not give details on when shipments would commence.

Tullow and its partner Africa Oil discovered commercial oil reserves in the Lokichar basin in Kenya's far northern county of Turkana in 2012. Total has since taken a 25% stake in the project.


Since last year the group has been running a pilot scheme to transport some 2,000 barrels per day by truck to the port city of Mombasa to test flow rates and other technical issues before the start of full production and exports via a pipeline, to be built by 2022.

ChemChina UK's initial purchases are expected to be small-scale, with full commercial shipments due to begin once the pipeline is constructed.

Tullow estimates that Kenya's onshore fields in Turkana hold 560 million barrels of oil and expects them to produce up to 100,000 barrels per day from 2022.

The government received eight bids from international firms representing European and Asian refineries after it issued the tender to buy the oil on July 26, Kamau said, describing the response as "strong".

President Uhuru Kenyatta said earlier this month that Kenya had secured a buyer for 200,000 barrels of crude oil worth $12 million, though he did not give further details at that time. (Reporting by George Obulutsa; Editing by Duncan Miriri and Jan Harvey)
mulla
#2150 Posted : Friday, August 16, 2019 11:35:36 AM
Rank: Member


Joined: 6/15/2013
Posts: 280
lochaz-index wrote:
Ericsson wrote:
Credit to the private sector grew by
4.3% in March 2019 compared to 2.1% in March 2018.
Growth of credit to government increased from 7.1% in March
2018 to 54.3% in 2019." - Kenya Institute for Public Policy Research & Analysis

Public sector dominance continues unabated and unabashed.

d'oh! Shows the level of desperation by the government for funding..
VituVingiSana
#2151 Posted : Friday, August 16, 2019 12:04:52 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,584
Location: Nairobi
Ericsson wrote:
Real People Kenya Limited is restructuring its debt. Final maturity dates of KES 1billion notes extended to 2028. 267m 3 year notes maturity extended to 28 Feb 2020.

Which Note was extended to 2028?
As in, what was the original maturity date?
Does Real pay interest?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#2152 Posted : Friday, August 16, 2019 1:07:41 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,734
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Real People Kenya Limited is restructuring its debt. Final maturity dates of KES 1billion notes extended to 2028. 267m 3 year notes maturity extended to 28 Feb 2020.

Which Note was extended to 2028? One that was originally due in 2017 then extended to 2020 then now 2028
As in, what was the original maturity date?
Does Real pay interest?

Ericsson
#2153 Posted : Friday, August 16, 2019 3:47:41 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,734
Location: NAIROBI
According to KNBS Kenya's GDP in 2006 was ksh.1.642 trillion
obiero
#2154 Posted : Friday, August 16, 2019 5:47:43 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,409
Location: nairobi
According to GoK the economy is rising and GDP on the up, but firms are reporting massive job cuts. Riddle me this
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 392,100 ABP 8.32
Thitifini
#2155 Posted : Friday, August 16, 2019 10:57:56 PM
Rank: Member


Joined: 1/15/2015
Posts: 581
Location: Kenya
obiero wrote:
According to GoK the economy is rising and GDP on the up, but firms are reporting massive job cuts. Riddle me this


Solutions of the privileged to common problems. GDP will grow, mainly because they bought bigger SUVs. No correlation to your pocket.

60% Learning, 30% synthesizing, 10% Debating
Ericsson
#2156 Posted : Saturday, August 17, 2019 12:31:32 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,734
Location: NAIROBI
Thitifini wrote:
obiero wrote:
According to GoK the economy is rising and GDP on the up, but firms are reporting massive job cuts. Riddle me this


Solutions of the privileged to common problems. GDP will grow, mainly because they bought bigger SUVs. No correlation to your pocket.


Cooked up GDP numbers
Ericsson
#2157 Posted : Saturday, August 17, 2019 9:33:52 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,734
Location: NAIROBI
Thitifini
#2158 Posted : Sunday, August 18, 2019 4:18:41 AM
Rank: Member


Joined: 1/15/2015
Posts: 581
Location: Kenya
Ericsson wrote:
Thitifini wrote:
obiero wrote:
According to GoK the economy is rising and GDP on the up, but firms are reporting massive job cuts. Riddle me this


Solutions of the privileged to common problems. GDP will grow, mainly because they bought bigger SUVs. No correlation to your pocket.


Cooked up GDP numbers


GDP Numbers might be genuine. Interpretation of the numbers in relation to population well being; hapo ndio maneno iko.

Obako and Mo1 comparatives might have deceived the masses that GDP and well-being are causal.

60% Learning, 30% synthesizing, 10% Debating
Ericsson
#2159 Posted : Monday, August 19, 2019 1:22:17 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,734
Location: NAIROBI
https://kenyanwallstreet...ssible-exit-from-kenya/
South African Fashion retailer, The Foschini Group (TFG), is reviewing its Kenyan business with the possibility of leaving the market in 2020. The jewelry and clothes store cites high VAT charges, heightened costs of doing business, and unfavorable laws as some of the reasons for the possible exit.

The Foschini Group (TFG) first came into Kenya in 2016, through its Sterns outlet at the Junction mall. The shop mainly sells classic jewelry and it targets people in the lower-middle, middle and upper income class.

In a statement, TFG CEO Anthony Thunstrom said they are thinking of concentrating on their home market back in South Africa, because it makes greater profits and strides there, with retail revenues rising by 19.6% by the end of March 2019.

The group will, however, review economic growth, legislature and lease negotiation before they decide on whether or not they will exit the market.

Foschini Group, which has twenty-two different retail brands under its label, deals in merchandise such as clothing, jewellery and home ware, which target the middle and upper middle income markets. It has six outlets in Kenya, with some of the stores situated at The Village Market.
smithclarkson01
#2160 Posted : Tuesday, August 20, 2019 1:46:08 AM
Rank: Hello


Joined: 8/20/2019
Posts: 1
Location: delhi
GDP Growth Rate:

2005; 5.9%
2007; 7.0%
2009; 2.7%
2010; 5.8%
2011; 4.4%
2012; 4.6%
2013; 6.0% (projected)
10% coming soon
9Apps 9Apps apk
are these the exact count?
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