Kenya is broke becaused we 'thinked' it broke!

First half of year was generally due to effects of post elections drama settling in...the latter part of the year was TOTALLY uncalled for..the country reacted to global crisis like an errant mischiev-ius boy reacts psychologically as accomplices get punished befor him! We spoke our selves into a recession yet as the plannin minister rightly put out..the recession is YET to FIRMLY IMPACT the country!..by end of 1st quarter 09 impact was greatly limited to Tourism..now It's spread to agric,service sector,financial n manufacturing...

DISCLAIMER: This is the opinion of one Jammo,CFA,CPA,Opinionated and Loud,based in nairobi. Whilst care has been taken in compiling the data to be as most factual n logical,he doesn't accept any responsibility of accuracy or completeness of info contained herein..neither does he purport to be a genius!

..
..just a thought..

Government froze hiring late last year..albeit load of people bein retired,retrenched,fired,incapacitated or dead,or hav quit..

Accordin to FKE..50% of firms in kenya will lay off employees this year,all in all...about 30% of current workforce will be sent off..
New jobs n employees taken up will be less than 5%overall applicants...

With all graduants of universities n tertiary institutions,employees seekin greaner pastures..
2009-2010 is goin to be quite a season.

Global financial crisis...mhmmm! Karibu kenya! Hakuna Matata.

DISCLAIMER: This is the opinion of one Jammo,CFA,CPA,Opinionated and Loud,based in nairobi. Whilst care has been taken in compiling the data to be as most factual n logical,he doesn't accept any responsibility of accuracy or completeness of info contained herein..neither does he purport to be a genius!

In some ways,this is now history. It happened last yr and the concern should be what needs to be done the economy back to 6%+ growth.


Corruption- back in a huge way
Security-
Agriculture- its been raining and I still see no aggressive rain-harvesting measures. Can we stock/manufacture fertilisers and other imported farm inputs as a hedge against oil price rises next yr? Dairy farming needs to become a blueprint for maize farming.
Infrastructure-getting roads and internet will help. But planning especially in the building industry is so needed and wider economy. Lots of intiatives but nobody seems to do some joined-up thinking
CDF-why is this being neglected and could really help grow the economy?
Export brains-lots of educated graduates-rather than aid that goes into pockets why not sign some agreements to send some of our graduates on placements abroad?
Typing errors-this is a a primary school exercise...


www.mjengakenya.blogspot.com

Most income is spent on consumption n end user goods..than on infrastructural n intermediate processes... Teachers takin biggest chunk for a product whose utility can't be guaged.

DISCLAIMER: This is the opinion of one Jammo,CFA,CPA,Opinionated and Loud,based in nairobi. Whilst care has been taken in compiling the data to be as most factual n logical,he doesn't accept any responsibility of accuracy or completeness of info contained herein..neither does he purport to be a genius!

When the economy was growing,they credited it to kibaki. Now it is declining we should blame it on the kikuyu.

Guka killer.

i think this is the best time to invest. prices are low and it will not last forever.

have you noticed how house and land prices have dropped in posh areas?

have you noticed the governments appetite for money?

have you noticed the gradual increase in the nse index?



A Journey begins with the first step.