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Kenya Economy Watch
Rank: Elder Joined: 12/7/2012 Posts: 11,935
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obiero wrote:Ericsson wrote:https://www.standardmedia.co.ke/business/article/2001295244/looming-economic-meltdown-should-kenya-miss-imf-facility
Kenyans might have to reconsider their opposition to the 16 per cent value-added tax (VAT) on petroleum products as the alternative might be a financial crisis whose effects will be more painful than those of the punitive tax measure being pushed by the IMF. For example, Financial Standard, has learnt that should the Government fall out with the IMF for failing to meet commitments it made to the lender, some of the bondholders of the $2 billion (Sh200 billion) Eurobond Note will be at liberty to immediately recall outstanding interests and principals, throwing the country into a tailspin.
The fuel tax must remain Jubilee has destroyed what Kibaki put in place kabisa. very shameful. Yaani all economic news is negative stuff or this is deliberate. 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: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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Angelica _ann wrote:obiero wrote:Ericsson wrote:https://www.standardmedia.co.ke/business/article/2001295244/looming-economic-meltdown-should-kenya-miss-imf-facility
Kenyans might have to reconsider their opposition to the 16 per cent value-added tax (VAT) on petroleum products as the alternative might be a financial crisis whose effects will be more painful than those of the punitive tax measure being pushed by the IMF. For example, Financial Standard, has learnt that should the Government fall out with the IMF for failing to meet commitments it made to the lender, some of the bondholders of the $2 billion (Sh200 billion) Eurobond Note will be at liberty to immediately recall outstanding interests and principals, throwing the country into a tailspin.
The fuel tax must remain Jubilee has destroyed what Kibaki put in place kabisa. very shameful. Yaani all economic news is negative stuff or this is deliberate. In the law capping interest rate thread, we foretold the dilemma ahead caused by the two men. It's not yet even bad at this point. Let the big four agenda start utilizing cash ndio utajua hatujui.. Meanwhile people are buying goats worth 10m? Kukula nyama uki meza mate?
KQ ABP 4.26
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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obiero wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:https://www.standardmedia.co.ke/business/article/2001295244/looming-economic-meltdown-should-kenya-miss-imf-facility
Kenyans might have to reconsider their opposition to the 16 per cent value-added tax (VAT) on petroleum products as the alternative might be a financial crisis whose effects will be more painful than those of the punitive tax measure being pushed by the IMF. For example, Financial Standard, has learnt that should the Government fall out with the IMF for failing to meet commitments it made to the lender, some of the bondholders of the $2 billion (Sh200 billion) Eurobond Note will be at liberty to immediately recall outstanding interests and principals, throwing the country into a tailspin.
The fuel tax must remain Jubilee has destroyed what Kibaki put in place kabisa. very shameful. Yaani all economic news is negative stuff or this is deliberate. In the law capping interest rate thread, we foretold the dilemma ahead caused by the two men. It's not yet even bad at this point. Let the big four agenda start utilizing cash ndio utajua hatujui.. Meanwhile people are buying goats worth 10m? Kukula nyama uki meza mate? Agenda changed,president said his legacy now is fighting corruption. Big 4 arap singh was to reap big through tenders and deals Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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Ericsson wrote:obiero wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:https://www.standardmedia.co.ke/business/article/2001295244/looming-economic-meltdown-should-kenya-miss-imf-facility
Kenyans might have to reconsider their opposition to the 16 per cent value-added tax (VAT) on petroleum products as the alternative might be a financial crisis whose effects will be more painful than those of the punitive tax measure being pushed by the IMF. For example, Financial Standard, has learnt that should the Government fall out with the IMF for failing to meet commitments it made to the lender, some of the bondholders of the $2 billion (Sh200 billion) Eurobond Note will be at liberty to immediately recall outstanding interests and principals, throwing the country into a tailspin.
The fuel tax must remain Jubilee has destroyed what Kibaki put in place kabisa. very shameful. Yaani all economic news is negative stuff or this is deliberate. In the law capping interest rate thread, we foretold the dilemma ahead caused by the two men. It's not yet even bad at this point. Let the big four agenda start utilizing cash ndio utajua hatujui.. Meanwhile people are buying goats worth 10m? Kukula nyama uki meza mate? Agenda changed,president said his legacy now is fighting corruption. Big 4 arap singh was to reap big through tenders and deals Are you sure that the agenda changed. Did you listen to his speech in DC, and the one in China
KQ ABP 4.26
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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obiero wrote:Ericsson wrote:obiero wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:https://www.standardmedia.co.ke/business/article/2001295244/looming-economic-meltdown-should-kenya-miss-imf-facility
Kenyans might have to reconsider their opposition to the 16 per cent value-added tax (VAT) on petroleum products as the alternative might be a financial crisis whose effects will be more painful than those of the punitive tax measure being pushed by the IMF. For example, Financial Standard, has learnt that should the Government fall out with the IMF for failing to meet commitments it made to the lender, some of the bondholders of the $2 billion (Sh200 billion) Eurobond Note will be at liberty to immediately recall outstanding interests and principals, throwing the country into a tailspin.
The fuel tax must remain Jubilee has destroyed what Kibaki put in place kabisa. very shameful. Yaani all economic news is negative stuff or this is deliberate. In the law capping interest rate thread, we foretold the dilemma ahead caused by the two men. It's not yet even bad at this point. Let the big four agenda start utilizing cash ndio utajua hatujui.. Meanwhile people are buying goats worth 10m? Kukula nyama uki meza mate? Agenda changed,president said his legacy now is fighting corruption. Big 4 arap singh was to reap big through tenders and deals Are you sure that the agenda changed. Did you listen to his speech in DC, and the one in China Wait as you watch the unfolding events Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Ericsson wrote:obiero wrote:Ericsson wrote:obiero wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:https://www.standardmedia.co.ke/business/article/2001295244/looming-economic-meltdown-should-kenya-miss-imf-facility
Kenyans might have to reconsider their opposition to the 16 per cent value-added tax (VAT) on petroleum products as the alternative might be a financial crisis whose effects will be more painful than those of the punitive tax measure being pushed by the IMF. For example, Financial Standard, has learnt that should the Government fall out with the IMF for failing to meet commitments it made to the lender, some of the bondholders of the $2 billion (Sh200 billion) Eurobond Note will be at liberty to immediately recall outstanding interests and principals, throwing the country into a tailspin.
The fuel tax must remain Jubilee has destroyed what Kibaki put in place kabisa. very shameful. Yaani all economic news is negative stuff or this is deliberate. In the law capping interest rate thread, we foretold the dilemma ahead caused by the two men. It's not yet even bad at this point. Let the big four agenda start utilizing cash ndio utajua hatujui.. Meanwhile people are buying goats worth 10m? Kukula nyama uki meza mate? Agenda changed,president said his legacy now is fighting corruption. Big 4 arap singh was to reap big through tenders and deals Are you sure that the agenda changed. Did you listen to his speech in DC, and the one in China Wait as you watch the unfolding events Remember of the tano tena, only 3 are remaining coz; one is gone and the last one we will be back to kelele ya constitution. Kenya is basically doomed. 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: Veteran Joined: 11/13/2015 Posts: 1,652
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obiero wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:https://www.standardmedia.co.ke/business/article/2001295244/looming-economic-meltdown-should-kenya-miss-imf-facility
Kenyans might have to reconsider their opposition to the 16 per cent value-added tax (VAT) on petroleum products as the alternative might be a financial crisis whose effects will be more painful than those of the punitive tax measure being pushed by the IMF. For example, Financial Standard, has learnt that should the Government fall out with the IMF for failing to meet commitments it made to the lender, some of the bondholders of the $2 billion (Sh200 billion) Eurobond Note will be at liberty to immediately recall outstanding interests and principals, throwing the country into a tailspin.
The fuel tax must remain Jubilee has destroyed what Kibaki put in place kabisa. very shameful. Yaani all economic news is negative stuff or this is deliberate. In the law capping interest rate thread, we foretold the dilemma ahead caused by the two men. It's not yet even bad at this point. Let the big four agenda start utilizing cash ndio utajua hatujui.. Meanwhile people are buying goats worth 10m? Kukula nyama uki meza mate? The interest rate cap is the one that IMF is more concerned about so the compromise will be fuel VAT delayed for 2 years but rate cap goes. If rate cap is repealed KE may gradually inflate itself out of debt.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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obiero wrote:Ericsson wrote:obiero wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:https://www.standardmedia.co.ke/business/article/2001295244/looming-economic-meltdown-should-kenya-miss-imf-facility
Kenyans might have to reconsider their opposition to the 16 per cent value-added tax (VAT) on petroleum products as the alternative might be a financial crisis whose effects will be more painful than those of the punitive tax measure being pushed by the IMF. For example, Financial Standard, has learnt that should the Government fall out with the IMF for failing to meet commitments it made to the lender, some of the bondholders of the $2 billion (Sh200 billion) Eurobond Note will be at liberty to immediately recall outstanding interests and principals, throwing the country into a tailspin.
The fuel tax must remain Jubilee has destroyed what Kibaki put in place kabisa. very shameful. Yaani all economic news is negative stuff or this is deliberate. In the law capping interest rate thread, we foretold the dilemma ahead caused by the two men. It's not yet even bad at this point. Let the big four agenda start utilizing cash ndio utajua hatujui.. Meanwhile people are buying goats worth 10m? Kukula nyama uki meza mate? Agenda changed,president said his legacy now is fighting corruption. Big 4 arap singh was to reap big through tenders and deals Are you sure that the agenda changed. Did you listen to his speech in DC, and the one in China Forget the rhetoric. Big 4 was a nonstarter from the get go. Deficit spending( partly at commercial interest rates) while increasing taxes on a shrinking tax base only takes you so far till you hit a brick wall. KE isn't too far from that predicament if not there already. There is simply no way to finance the big four. DOA. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 9/21/2011 Posts: 2,032
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Why does govt make promises to IMF they know to realise same they would have to rely on parliament? Parliament which can decline?
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Rank: New-farer Joined: 2/8/2018 Posts: 73
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It's called kicking the can down the road.
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