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Ksh at its weakest since it floated in 1994
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Cde Monomotapa
#21 Posted : Thursday, August 04, 2011 4:46:52 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
young wrote:
Cde Monomotapa wrote:
Cde Monomotapa wrote:
Investment strategy is to have exposure to all that is causing pain to human beings i.e forex,energy,food,oil,metals. That way u r a net victor of events smile

In the event of the reverse i.e pain turning to pleasure, the above items will still make U wealthier in the long run.


@CDe do not forget roof over your head or at least plot to stand on because of gravitational force.

Thanks. Slipped my mind smile. Sounds like i'm happy to create tons of money from a tree house Laughing out loudly Laughing out loudly
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young
#22 Posted : Thursday, August 04, 2011 4:56:04 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,046
Location: Lagos, Nigeria
VituVingiSana wrote:

Even EBB is $350-450 on KQ. I prefer it over the rest since I can get 3-4 choices of flights daily.



For NBO - EBB is Fly540 (office ABC Waiyaki way NBO) not a good and cheaper alternative ?


I know they have smaller propeller planes.

What of Precision air / Air Uganda ?
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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young
#23 Posted : Thursday, August 04, 2011 11:56:11 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,046
Location: Lagos, Nigeria
young wrote:
@VVS

check up



www.hemingwaysafarinigeria.com


You should have something similar in Kenya.

The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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SAC Cohen
#24 Posted : Friday, August 05, 2011 10:05:47 AM
Rank: Member


Joined: 1/3/2011
Posts: 129
Location: Nairobi
USDKES at 92.70...

93 before month-end, 95 to q4.

Yeah i said it.
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the deal
#25 Posted : Friday, August 05, 2011 10:30:18 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
SAC Cohen wrote:
USDKES at 92.70...

93 before month-end, 95 to q4.

Yeah i said it.

Laughing out loudly Laughing out loudly who is arbitraging the Shilling now? Another press conference...to talk carbage...
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SAC Cohen
#26 Posted : Friday, August 05, 2011 12:19:43 PM
Rank: Member


Joined: 1/3/2011
Posts: 129
Location: Nairobi
the deal wrote:
SAC Cohen wrote:
USDKES at 92.70...

93 before month-end, 95 to q4.

Yeah i said it.

Laughing out loudly Laughing out loudly who is arbitraging the Shilling now? Another press conference...to talk carbage...


LOOKS LIKE I WAS WRONG.

AT 93.00 AS WE SPEAK....
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jimmy1
#27 Posted : Friday, August 05, 2011 1:26:20 PM
Rank: Member


Joined: 2/11/2011
Posts: 240
Location: jamuhuri ya kenya
there is a forex bureau at 20th century building ground floor selling the dollar at 92.50, this is the best rate i've seen today in the whole of nairobi
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young
#28 Posted : Friday, August 05, 2011 1:31:38 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,046
Location: Lagos, Nigeria
jimmy1 wrote:
there is a forex bureau at 20th century building ground floor selling the dollar at 92.50, this is the best rate i've seen today in the whole of nairobi


Ksh shall rise again.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Mainat
#29 Posted : Friday, August 05, 2011 1:32:38 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
If you are a Kenyan investor living in US/UK. Hold onto your cash. Ata Ksh may reach Ksh200 for every sterling pound. This is of-course not good news for our economy as its importing inflation.
Sehemu ndio nyumba
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FUNKY
#30 Posted : Friday, August 05, 2011 3:02:48 PM
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Joined: 4/30/2010
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Cde Monomotapa
#31 Posted : Friday, August 05, 2011 3:16:51 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
FUNKY wrote:
http://af.reuters.com/article/energyOilNews/idAFL6E7J508O20110805

With sustained cheaper crude it is simple logic that they'll be demand for less dollars. Let's see.
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otienosmall
#32 Posted : Friday, August 05, 2011 4:17:53 PM
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Joined: 10/8/2010
Posts: 281
time to send money home, not a bad experiencesmile
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hisah
#33 Posted : Tuesday, August 09, 2011 3:12:16 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
http://www.forexpros.com/currencies/usd-kes

USDKES - 95/- And the rout continues. The warning lights have turned red and the central planners are sitting square with grinning faces! I'd expect them by now to be throwing in the kitchen sink and any toolbox. But they sit tight just giving lip service. The streets will explode soon and it will be a sad occurence!

http://www.forexpros.com/currencies/eur-kes -> 135/-
http://www.forexpros.com/currencies/gbp-kes -> 155/-
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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McReggae
#34 Posted : Tuesday, August 09, 2011 3:29:41 PM
Rank: Elder


Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
Time to source for some forex!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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SAC Cohen
#35 Posted : Tuesday, August 09, 2011 3:33:18 PM
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Joined: 1/3/2011
Posts: 129
Location: Nairobi
IMHO, I believe we have a structural problem on USDKES.
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tony stark
#36 Posted : Tuesday, August 09, 2011 4:55:22 PM
Rank: Veteran


Joined: 7/8/2008
Posts: 947
SAC Cohen wrote:
IMHO, I believe we have a structural problem on USDKES.


In what way?

Who is increasing the demand for these dollars?

Is there a real or artificial demand??

I might be a hopeful Kenyan but the weakening shilling will definitely help exporters. This might make the EPZs more profitable, farmers will eventually profit, Agricultural firms in the NSE are all happy, tourism, horticulture, Tea, etc etc.

A weakening shilling might be a great in the long run. For example local manufactures will eventually be able to compete with the cheap chinese imports and chinese-brazil through Egypt imports due to the weakened shilling providing more incentive to local firms.

The Gover should forget the dollar once economy picks up it will be able to raise more tax, to pay back the loans in whatever currency the loans are in. Focus on inflation, infrastructure and cheap electricity. With cheaper Uganda and GOSS oil inflation, and elec are sorted!


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SAC Cohen
#37 Posted : Wednesday, August 10, 2011 12:11:25 PM
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Joined: 1/3/2011
Posts: 129
Location: Nairobi
Shilling recovers 3 bob.

at 92.20... wa! see CBK Comments link coming up shortly
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hisah
#38 Posted : Wednesday, August 10, 2011 12:32:08 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
SAC Cohen wrote:
Shilling recovers 3 bob.

at 92.20... wa! see CBK Comments link coming up shortly


http://www.forexpros.com/currencies/usd-kes

Yap, throwing the kitchen sink and everything at it. The breakdown has been soooo disorderly since March. This is a guerilla war. Rogue trading needs to be tackled in rogue way...

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#39 Posted : Wednesday, August 10, 2011 1:07:03 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
hisah wrote:
SAC Cohen wrote:
Shilling recovers 3 bob.

at 92.20... wa! see CBK Comments link coming up shortly


http://www.forexpros.com/currencies/usd-kes

Yap, throwing the kitchen sink and everything at it. The breakdown has been soooo disorderly since March. This is a guerilla war. Rogue trading needs to be tackled in rogue way...


It's behaving like a stock. Laughing out loudly Laughing out loudly
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kizee1
#40 Posted : Wednesday, August 10, 2011 1:31:32 PM
Rank: Member


Joined: 9/29/2010
Posts: 679
Location: nairobi
hisah wrote:
SAC Cohen wrote:
Shilling recovers 3 bob.

at 92.20... wa! see CBK Comments link coming up shortly


http://www.forexpros.com/currencies/usd-kes

Yap, throwing the kitchen sink and everything at it. The breakdown has been soooo disorderly since March. This is a guerilla war. Rogue trading needs to be tackled in rogue way...




tricky one my friend, this move will severely test the banking system, remember the system is expecting tax outflows next week...shud be exciting
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