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Kenya Economy Watch
maka
#2421 Posted : Thursday, January 02, 2020 10:07:38 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
kawi254 wrote:
A locust invasion was flagged months ago by FAO in Ethiopia then Somalia and now is in Northern Kenya. Why is GoK seemingly unbothered & unprepared with this oncoming train smash?

Interestingly in June 2019 The Desert Locusts Control Organisation for East Africa was spraying Quelea birds wrecking havoc on Narok wheat farms.


Ineptitude...
possunt quia posse videntur
cyruskulei
#2422 Posted : Thursday, January 02, 2020 1:56:25 PM
Rank: Member

Joined: 3/9/2010
Posts: 320
Location: kenya
kawi254 wrote:
A locust invasion was flagged months ago by FAO in Ethiopia then Somalia and now is in Northern Kenya. Why is GoK seemingly unbothered & unprepared with this oncoming train smash?

Interestingly in June 2019 The Desert Locusts Control Organisation for East Africa was spraying Quelea birds wrecking havoc on Narok wheat farms.



We have a government on place focused only on political development and civil servants focused on more bribes and trips .
Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.

murchr
#2423 Posted : Thursday, January 02, 2020 9:43:25 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
cyruskulei wrote:
kawi254 wrote:
A locust invasion was flagged months ago by FAO in Ethiopia then Somalia and now is in Northern Kenya. Why is GoK seemingly unbothered & unprepared with this oncoming train smash?

Interestingly in June 2019 The Desert Locusts Control Organisation for East Africa was spraying Quelea birds wrecking havoc on Narok wheat farms.



We have a government on place focused only on political development and civil servants focused on more bribes and trips .


The police has been deployed to shoot to kill as many as possible, in the process, driving them more inland.....

Who's "brilliant" idea was this?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
newfarer
#2424 Posted : Friday, January 03, 2020 7:08:47 AM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
murchr wrote:
cyruskulei wrote:
kawi254 wrote:
A locust invasion was flagged months ago by FAO in Ethiopia then Somalia and now is in Northern Kenya. Why is GoK seemingly unbothered & unprepared with this oncoming train smash?

Interestingly in June 2019 The Desert Locusts Control Organisation for East Africa was spraying Quelea birds wrecking havoc on Narok wheat farms.



We have a government on place focused only on political development and civil servants focused on more bribes and trips .


The police has been deployed to shoot to kill as many as possible, in the process, driving them more inland.....

Who's "brilliant" idea was this?

To shoot locusts ama?Laughing out loudly Laughing out loudly Laughing out loudly
punda amecheka
littledove
#2425 Posted : Friday, January 03, 2020 8:22:10 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
newfarer wrote:
murchr wrote:
cyruskulei wrote:
kawi254 wrote:
A locust invasion was flagged months ago by FAO in Ethiopia then Somalia and now is in Northern Kenya. Why is GoK seemingly unbothered & unprepared with this oncoming train smash?

Interestingly in June 2019 The Desert Locusts Control Organisation for East Africa was spraying Quelea birds wrecking havoc on Narok wheat farms.



We have a government on place focused only on political development and civil servants focused on more bribes and trips .


The police has been deployed to shoot to kill as many as possible, in the process, driving them more inland.....

Who's "brilliant" idea was this?

To shoot locusts ama?Laughing out loudly Laughing out loudly Laughing out loudly

Laughing out loudly Laughing out loudly Laughing out loudly and that gives somebody a tender to buy as many bullets and tear gas canisters as possible.
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
Ebenyo
#2426 Posted : Friday, January 03, 2020 8:24:19 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
kawi254 wrote:
A locust invasion was flagged months ago by FAO in Ethiopia then Somalia and now is in Northern Kenya. Why is GoK seemingly unbothered & unprepared with this oncoming train smash?

Interestingly in June 2019 The Desert Locusts Control Organisation for East Africa was spraying Quelea birds wrecking havoc on Narok wheat farms.



They have concluded that the economy of Northern kenya will not be affected.
But they rushed to Narok rescue because of wheat.
When the situation becomes dire in Northern kenya,then they will start fundraising for relief efforts.
Towards the goal of financial freedom
Ericsson
#2427 Posted : Sunday, January 05, 2020 10:27:21 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://www.forbes.com/s...ny-over-60-million-debt/
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
mnandii
#2428 Posted : Monday, January 06, 2020 10:01:41 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Ericsson wrote:
https://www.forbes.com/sites/mfonobongnsehe/2019/02/04/kenyan-tycoon-manu-chandaria-to-lose-company-over-60-million-debt/


The economy is bed-ridden

Quote:
Kaluworks Limited, a manufacturer of aluminum cookware and roofing sheets that is wholly owned by Manu Chandaria’s Comcraft Group, is facing auction over a $60 million debt owed to a consortium of Kenyan banks.


Quote:
Over the last few weeks, some of Kenya’s leading banks and financial institutions have published notices in Kenyan newspapers announcing the auction of Kaluwork’s assets over its non-performing loans. Some of the banks Kaluworks is indebted to include I&M Bank, NIC Bank and Bank of Baroda. The banks have instructed auctioneers and debt collectors to auction off multi-million dollar properties including residential and commercial complexes owned by Kaluworks, which had been used to guarantee loans for Kaluworks after the firm failed to honor its obligations.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
maka
#2429 Posted : Monday, January 06, 2020 10:30:38 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
https://www.nation.co.ke...7982-v9ifkmz/index.html

Tyre distributor Sameer Africa will from February 1 start laying off 52 employees as it struggles to survive, deepening the job crisis in Kenya’s corporate scene.

The firm has continued to struggle even after its change of strategy in 2016 when it stopped local manufacturing of its key tyre brand Yana and opted to outsource to Asia.
possunt quia posse videntur
McGill
#2430 Posted : Monday, January 06, 2020 4:23:35 PM
Rank: Member

Joined: 8/1/2019
Posts: 106
mnandii wrote:
Ericsson wrote:
https://www.forbes.com/sites/mfonobongnsehe/2019/02/04/kenyan-tycoon-manu-chandaria-to-lose-company-over-60-million-debt/


The economy is bed-ridden

Quote:
Kaluworks Limited, a manufacturer of aluminum cookware and roofing sheets that is wholly owned by Manu Chandaria’s Comcraft Group, is facing auction over a $60 million debt owed to a consortium of Kenyan banks.


Quote:
Over the last few weeks, some of Kenya’s leading banks and financial institutions have published notices in Kenyan newspapers announcing the auction of Kaluwork’s assets over its non-performing loans. Some of the banks Kaluworks is indebted to include I&M Bank, NIC Bank and Bank of Baroda. The banks have instructed auctioneers and debt collectors to auction off multi-million dollar properties including residential and commercial complexes owned by Kaluworks, which had been used to guarantee loans for Kaluworks after the firm failed to honor its obligations.


What happened to Kaluworks?
263 Pages«<241242243244245>»
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