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USD/KES trend
Swenani
#21 Posted : Friday, December 11, 2015 10:54:01 AM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Ericsson wrote:
And repayments start in end of December/early January.
Iko watu watachelewa kupata mshahara


watu wa loan watalilia kwa choo
If Obiero did it, Who Am I?
KulaRaha
#22 Posted : Friday, December 11, 2015 11:08:25 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Rumour has it the front-loaded SGR loan is already in arrears since June.
Business opportunities are like buses,there's always another one coming
mlennyma
#23 Posted : Friday, December 11, 2015 11:14:54 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
KulaRaha wrote:
Rumour has it the front-loaded SGR loan is already in arrears since June.

every financial analyst agrees jubilee has messed our economy,while every jubilee supporter says we better go down with power in their pockets,my lay mans view is that the SGR is important but could have waited longer,infact the money being spend on it is supposed to be making mombasa road a dual carriage all the way to mombasa which could be way cheaper before we can embark on the SGR afterwards
"Don't let the fear of losing be greater than the excitement of winning."
KulaRaha
#24 Posted : Friday, December 11, 2015 11:19:26 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
mlennyma wrote:
KulaRaha wrote:
Rumour has it the front-loaded SGR loan is already in arrears since June.

every financial analyst agrees jubilee has messed our economy,while every jubilee supporter says we better go down with power in their pockets


But Aly Khan Satchu has become a cheerleader for this Govt. He thinks everything is hunky dory.
Business opportunities are like buses,there's always another one coming
mlennyma
#25 Posted : Friday, December 11, 2015 11:22:31 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
KulaRaha wrote:
mlennyma wrote:
KulaRaha wrote:
Rumour has it the front-loaded SGR loan is already in arrears since June.

every financial analyst agrees jubilee has messed our economy,while every jubilee supporter says we better go down with power in their pockets


But Aly Khan Satchu has become a cheerleader for this Govt. He thinks everything is hunky dory.

this SGR is one killer since the returns on it might take ages to match its cost
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#26 Posted : Friday, December 11, 2015 11:25:11 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
We have defaulted on the front-loaded SGR loan and we are signing an additional $1.4bn to extend the railway line to Naivasha.
How will we then pay;the next president unless he is not a Magufuli type watu wataitana
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
mlennyma
#27 Posted : Friday, December 11, 2015 11:31:14 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Ericsson wrote:
We have defaulted on the front-loaded SGR loan and we are signing an additional $1.4bn to extend the railway line to Naivasha.
How will we then pay;the next president unless he is not a Magufuli type watu wataitana

we will eat our tribal chiefs Sad who have no leadership ideas even carrying out irrigation is difficult for them and the money disappears with nothing to show of it.
"Don't let the fear of losing be greater than the excitement of winning."
hisah
#28 Posted : Friday, December 11, 2015 11:39:28 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Ericsson wrote:
We have defaulted on the front-loaded SGR loan and we are signing an additional $1.4bn to extend the railway line to Naivasha.
How will we then pay;the next president unless he is not a Magufuli type watu wataitana

KE Eurobond yield has zoomed past 9%. Almost doubling?! The bloodbath won't be funny. Where are the extra USDs going to come from with the econ on a slump for the rapidly inflating interest payment?

If what @kularaha states that CBK will be buying USD from the market soon, USDKES will head back towards 110 or higher! Should another banking event unfold, those fireworks will fry the market.

This is why I have become very defensive (not touching any risky assets) coz gok will not observe any fiscal discipline in this expected storm and with an election coming up.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
mlennyma
#29 Posted : Friday, December 11, 2015 11:46:48 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
hisah wrote:
Ericsson wrote:
We have defaulted on the front-loaded SGR loan and we are signing an additional $1.4bn to extend the railway line to Naivasha.
How will we then pay;the next president unless he is not a Magufuli type watu wataitana

KE Eurobond yield has zoomed past 9%. Almost doubling?! The bloodbath won't be funny. Where are the extra USDs going to come from with the econ on a slump for the rapidly inflating interest payment?

If what @kularaha states that CBK will be buying USD from the market soon, USDKES will head back towards 110 or higher! Should another banking event unfold, those fireworks will fry the market.

This is why I have become very defensive (not touching any risky assets) coz gok will not observe any fiscal discipline in this expected storm and with an election coming up.

give us some hope men ,this is scaring ,the best thing is that by 2017 the dying gvt will not hide its sehemu nyeti as its doing now most maturity dates will have come
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#30 Posted : Friday, December 11, 2015 1:06:59 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
http://www.bloomberg.com...bonds-lose-most-in-world
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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