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mwekez@ji		#301 Posted : Friday, August 30, 2013 9:27:33 AM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		Fertiliser firm in deal to build blending plant #Boost to agriculture
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mwekez@ji		#302 Posted : Friday, August 30, 2013 10:32:15 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		August inflation stands at 6.67% y/y (0.30% m/m). Well within government target with upper limit of 7.5%. Over to MPC meeting on Tue, 3rd September ;-) http://www.knbs.or.ke/cpi/cpi082013.pdf
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Scubidu		#303 Posted : Sunday, September 01, 2013 11:19:54 AM
Rank: Veteran Joined: 9/4/2009 Posts: 700 Location: Nairobi		mwekez@ji wrote: August inflation stands at 6.67% y/y (0.30% m/m). Well within government target with upper limit of 7.5%. Over to MPC meeting on Tue, 3rd September ;-) http://www.knbs.or.ke/cpi/cpi082013.pdf VAT bill is effective 1st September so the upper limit should be hit soon. Hearing that the weather guys will issue a statement telling us that October short rains will be poor. But given the fact that the real economy isn't humming, don't think we'll see a change in the CBR. “We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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mwekez@ji		#304 Posted : Sunday, September 01, 2013 6:22:30 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		@Scubidu, long long time. welcome back. Your thoughts are also very welcomed on kenya debt watch
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Sufficiently Philanga....thropic		#305 Posted : Monday, September 02, 2013 9:32:05 AM
Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli		mwekez@ji wrote: @Scubidu, long long time. welcome back. Your thoughts are also very welcomed on kenya debt watch Ditto!! Welcome back. @SufficientlyP
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Scubidu		#306 Posted : Monday, September 02, 2013 11:25:18 AM
Rank: Veteran Joined: 9/4/2009 Posts: 700 Location: Nairobi		Sufficiently Philanga....thropic wrote: mwekez@ji wrote: @Scubidu, long long time. welcome back. Your thoughts are also very welcomed on kenya debt watch Ditto!! Welcome back. Cheers guys. Was on a sabbatical of sorts looking at my bank statement and seen that 10% excise duty amp; interesting that all these new tax measures are a drop in the ocean given the cash the governors are demanding/wasting. “We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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hisah		#307 Posted : Monday, September 02, 2013 12:28:06 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Scubidu wrote: mwekez@ji wrote: August inflation stands at 6.67% y/y (0.30% m/m). Well within government target with upper limit of 7.5%. Over to MPC meeting on Tue, 3rd September ;-) http://www.knbs.or.ke/cpi/cpi082013.pdf VAT bill is effective 1st September so the upper limit should be hit soon. Hearing that the weather guys will issue a statement telling us that October short rains will be poor. But given the fact that the real economy isn't humming, don't think we'll see a change in the CBR. Welcome back @scubidu. I also don't like this VAT bill timing inflation et al. Then the excise duty on financial services esp mobile money. Why put speed bumps on the mobile money highway while you are trying to stimulate mshinani micro-economy??? Actually the 5.6% projected GDP expansion for 2013 is quite ambitious with a tax minded regime... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Scubidu		#308 Posted : Monday, September 02, 2013 4:03:51 PM
Rank: Veteran Joined: 9/4/2009 Posts: 700 Location: Nairobi		hisah wrote: Scubidu wrote: mwekez@ji wrote: August inflation stands at 6.67% y/y (0.30% m/m). Well within government target with upper limit of 7.5%. Over to MPC meeting on Tue, 3rd September ;-) http://www.knbs.or.ke/cpi/cpi082013.pdf VAT bill is effective 1st September so the upper limit should be hit soon. Hearing that the weather guys will issue a statement telling us that October short rains will be poor. But given the fact that the real economy isn't humming, don't think we'll see a change in the CBR. Welcome back @scubidu. I also don't like this VAT bill timing inflation et al. Then the excise duty on financial services esp mobile money. Why put speed bumps on the mobile money highway while you are trying to stimulate mshinani micro-economy??? Actually the 5.6% projected GDP expansion for 2013 is quite ambitious with a tax minded regime... I guess guys will freak out when they see the initial spike in inflation next month. Timing isn't that good but what choice does gava have when they have limited revenue sources (and huge bills). But apparently the VAT bill is supposed to streamline the tax regime and reduce the current loopholes. For the longest time caviar was tax exempt, which is ridic. Funny thing I have talked to so many people on the street with business and they're telling me it's tough now (worse than last year). So I'm wondering what this 5.6% captures? “We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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mwekez@ji		#309 Posted : Monday, September 02, 2013 8:42:29 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		Kenyan shilling steady ahead of interest rate decision The bank's Monetary Policy Committee (MPC) is expected to leave its benchmark lending rate on hold at 8.50 percent until the end of the year to counter rising inflation and weakening currencies, a Reuters poll showed. At 1300 GMT market close, the shilling traded at 87.45/65 per dollar, unchanged from Friday's close. Traders said there was talk in the market of a possible small rate increase after Kenya's inflation rate climbed to 6.67 percent in August from 6.02 percent a month earlier, though a hold was still widely expected.
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mwekez@ji		#310 Posted : Monday, September 02, 2013 9:00:56 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		A CBR increase will spell doom to the stock market bull since foreign and institutional investors will get out of the market in droves to the money market ... Looking forward to MPC holding the rate
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