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Kenya Economy Watch
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mkeiyd
#281 Posted : Tuesday, August 27, 2013 10:30:00 AM
Rank: Veteran

Joined: 3/26/2012
Posts: 1,182
At some point in the future, Tanzania might end up pulling out of EAC. If only those headquarters were not in Arusha.Majimaji rebellion!
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limanika
#282 Posted : Tuesday, August 27, 2013 11:09:55 AM
Rank: Veteran

Joined: 9/21/2011
Posts: 2,032
By the way, who knows what the economic justification is for TZ to borrow and build a new port at Bagamoyo to handle 20million TEU per annum when total current EAC demand is less than 2million TEU and average regional economic growth at 5%? At the same time TZ’s electricity and road network in tatters. Isn’t gradual expansion of existing ports that slightly outpaces economic growth more reasonable?
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mkeiyd
#283 Posted : Tuesday, August 27, 2013 1:46:59 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 1,182
limanika wrote:
By the way, who knows what the economic justification is for TZ to borrow and build a new port at Bagamoyo to handle 20million TEU per annum when total current EAC demand is less than 2million TEU and average regional economic growth at 5%? At the same time TZ’s electricity and road network in tatters. Isn’t gradual expansion of existing ports that slightly outpaces economic growth more reasonable?


Cheap credit from the Chinese and the need to stamp some form of authority on their Kenyan neighbors.
Something grandeur, to have "the biggest @$$#& in East and Central Africa".

For Kenya, that Bagamoyo port will make our Mombasa expand and get more efficient to stem the on coming tide [whether real or just a phantom}.
All the best to them,we will all learn something from this Bagamoyo.
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Metasploit
#284 Posted : Tuesday, August 27, 2013 2:02:15 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
mkeiyd wrote:
limanika wrote:
By the way, who knows what the economic justification is for TZ to borrow and build a new port at Bagamoyo to handle 20million TEU per annum when total current EAC demand is less than 2million TEU and average regional economic growth at 5%? At the same time TZ’s electricity and road network in tatters. Isn’t gradual expansion of existing ports that slightly outpaces economic growth more reasonable?


Cheap credit from the Chinese and the need to stamp some form of authority on their Kenyan neighbors.
Something grandeur, to have "the biggest @$$#& in East and Central Africa".

For Kenya, that Bagamoyo port will make our Mombasa expand and get more efficient to stem the on coming tide [whether real or just a phantom}.
All the best to them,we will all learn something from this Bagamoyo.


Depends on how you look at it..But on the bigger picture can be beneficiary to EA.We need competition and efficiency.

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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limanika
#285 Posted : Tuesday, August 27, 2013 2:28:29 PM
Rank: Veteran

Joined: 9/21/2011
Posts: 2,032
mkeiyd wrote:
limanika wrote:
By the way, who knows what the economic justification is for TZ to borrow and build a new port at Bagamoyo to handle 20million TEU per annum when total current EAC demand is less than 2million TEU and average regional economic growth at 5%? At the same time TZ’s electricity and road network in tatters. Isn’t gradual expansion of existing ports that slightly outpaces economic growth more reasonable?


Cheap credit from the Chinese and the need to stamp some form of authority on their Kenyan neighbors.
Something grandeur, to have "the biggest @$$#& in East and Central Africa".

For Kenya, that Bagamoyo port will make our Mombasa expand and get more efficient to stem the on coming tide [whether real or just a phantom}.
All the best to them,we will all learn something from this Bagamoyo.

If that is the case then that is no economic justification. This has all the hallmarks to turn into white elephant. But then, all the best from me as well.
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mwekez@ji
#286 Posted : Tuesday, August 27, 2013 11:52:00 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
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mwekez@ji
#287 Posted : Wednesday, August 28, 2013 12:05:35 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
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hisah
#288 Posted : Wednesday, August 28, 2013 3:13:53 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Upside down lending structure. Manufacturing needs to be the one taking the lion's share on the lending pie. Also worrying this real estate lending chunk assuming real estate overheats as well as the household lending huge pie.

http://www.businessdaily...6/-/r0j3kh/-/index.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mwekez@ji
#289 Posted : Wednesday, August 28, 2013 2:53:56 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
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GGK
#290 Posted : Wednesday, August 28, 2013 4:44:56 PM
Rank: Member

Joined: 11/21/2006
Posts: 608
Location: Ruiru
mwekez@ji wrote:
Kenya Considering Raising More Than $1 Billion in Eurobond Sale


Sounds like Kenya is borrowing to pay pay other lenders. Unless for debt consolidation where the new loan is at far much better terms... we need to go slow.
"..I am because we are. "― Ubuntu, Umtu,
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