Wazua
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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second governor?   Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:VituVingiSana wrote:the deal wrote:Eish what if the Kenyan Government defaults on them? 😂😂😂😂 Then it doesn't matter who you have lent to. It's all downhill from there. The Greek tragedy If a default occurs it will be crazy.... possunt quia posse videntur
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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James Mwangi still cant let go of the bank. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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Ericsson wrote:James Mwangi still cant let go of the bank.
His contract still has 8 years...
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Rank: Elder Joined: 12/7/2012 Posts: 11,938
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maka wrote:obiero wrote:VituVingiSana wrote:the deal wrote:Eish what if the Kenyan Government defaults on them? 😂😂😂😂 Then it doesn't matter who you have lent to. It's all downhill from there. The Greek tragedy If a default occurs it will be crazy.... GoK cant default, wont default. We are among the strongest economies in Sub Sahara Africa comparatively. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 6/23/2009 Posts: 14,324 Location: nairobi
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Angelica _ann wrote:maka wrote:obiero wrote:VituVingiSana wrote:the deal wrote:Eish what if the Kenyan Government defaults on them? 😂😂😂😂 Then it doesn't matter who you have lent to. It's all downhill from there. The Greek tragedy If a default occurs it will be crazy.... GoK cant default, wont default. We are among the strongest economies in Sub Sahara Africa comparatively. Remember Greece, remember Turkey, remember Venezuela.. A country can go broke and that is why the AYES had to have it yesterday, death by tax to avert a stall to government operations including salary processing.. Imagine the day when GoK fails to have reserves to pay the army, the police.. That's how economic recession happens, gradual stalling like whats happening right now in SA COOP, IMH, KEGN, KQ, MTNU
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Rank: Chief Joined: 1/3/2007 Posts: 18,382 Location: Nairobi
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Angelica _ann wrote:maka wrote:obiero wrote:VituVingiSana wrote:the deal wrote:Eish what if the Kenyan Government defaults on them? 😂😂😂😂 Then it doesn't matter who you have lent to. It's all downhill from there. The Greek tragedy If a default occurs it will be crazy.... GoK cant default, wont default. We are among the strongest economies in Sub Sahara Africa comparatively. GoK can print KES but not FX. One of the strongest economies in SSA. Where does SSA (ex-SA) stand among the other countries? I don't want KE to default but never say never. Look at Mozambique. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:Angelica _ann wrote:maka wrote:obiero wrote:VituVingiSana wrote:the deal wrote:Eish what if the Kenyan Government defaults on them? 😂😂😂😂 Then it doesn't matter who you have lent to. It's all downhill from there. The Greek tragedy If a default occurs it will be crazy.... GoK cant default, wont default. We are among the strongest economies in Sub Sahara Africa comparatively. Remember Greece, remember Turkey, remember Venezuela.. A country can go broke and that is why the AYES had to have it yesterday, death by tax to avert a stall to government operations including salary processing.. Imagine the day when GoK fails to have reserves to pay the army, the police.. That's how economic recession happens, gradual stalling like whats happening right now in SA Plus it can happens so fast we will be left dazed....The repayments are coming fast and furious. possunt quia posse videntur
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Rank: Veteran Joined: 9/21/2011 Posts: 2,032
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maka wrote:obiero wrote:Angelica _ann wrote:maka wrote:obiero wrote:VituVingiSana wrote:the deal wrote:Eish what if the Kenyan Government defaults on them? 😂😂😂😂 Then it doesn't matter who you have lent to. It's all downhill from there. The Greek tragedy If a default occurs it will be crazy.... GoK cant default, wont default. We are among the strongest economies in Sub Sahara Africa comparatively. Remember Greece, remember Turkey, remember Venezuela.. A country can go broke and that is why the AYES had to have it yesterday, death by tax to avert a stall to government operations including salary processing.. Imagine the day when GoK fails to have reserves to pay the army, the police.. That's how economic recession happens, gradual stalling like whats happening right now in SA Plus it can happens so fast we will be left dazed....The repayments are coming fast and furious. For now, not too bad. The good thing is that we still have structures...though jubilee keep making blunders, we still have some bright guys managing the fiscal policies who are able to steer the ship. Problem is they are never consulted from the outset. Jubilee only to run to the back office to seek solutions after the mess. So for now, not too bad. Shida ni huyu jamaa mwingine aingie from '22 onwards. If he has brought KP, NCPB, Sugar industry, NSE to their knees, what can he do to the country?
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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Angelica _ann wrote:maka wrote:obiero wrote:VituVingiSana wrote:the deal wrote:Eish what if the Kenyan Government defaults on them? 😂😂😂😂 Then it doesn't matter who you have lent to. It's all downhill from there. The Greek tragedy If a default occurs it will be crazy.... GoK cant default, wont default. We are among the strongest economies in Sub Sahara Africa comparatively. You are right Ann. Not only because of the strength of the economy, but because the debt in question here is in KES. There is no way a government can fail to pay a debt in its currency as it's fiscal policy can be changed or manipulated to raise funds to pay....in the worst situation the government can print it's currency and pay the debt off... though with consequences.
The Debt that can trouble a country is the Forex denominated debt. If Kenya doesn't have the dollar revenues to pay... it would be catastrophic to the KES and economy. That's what affected Greece and Turkey.
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