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Kenya Economy Watch
Rank: Member Joined: 12/1/2007 Posts: 537 Location: Nakuru
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Ericsson wrote:https://www.businessdailyafrica.com/economy/Kinyua-stops-parastatals-from-taking-in-new-loans/3946234-4358112-pff12fz/index.html
Watu wakaze mshipi Jaindi Kisero mentioned these many times, hopefully they will stick to it For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Member Joined: 12/1/2007 Posts: 537 Location: Nakuru
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https://www.nation.co.ke...60218-5fnfg9z/index.htmlFor investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Kenyan government/treasury to float $3bn or ksh.300bn Euro bond for budgetary support in the 2018/2019 budget. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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Ericsson wrote:Kenyan government/treasury to float $3bn or ksh.300bn Euro bond for budgetary support in the 2018/2019 budget. Another one??? 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: 13,475 Location: nairobi
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Angelica _ann wrote:Ericsson wrote:Kenyan government/treasury to float $3bn or ksh.300bn Euro bond for budgetary support in the 2018/2019 budget. Another one??? The other one was used to pay off matured debt, ofcourse its a new one! There are people who will be very wealthy by 2022
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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obiero wrote:Angelica _ann wrote:Ericsson wrote:Kenyan government/treasury to float $3bn or ksh.300bn Euro bond for budgetary support in the 2018/2019 budget. Another one??? The other one was used to pay off matured debt, ofcourse its a new one! There are people who will be very wealthy by 2022 Ok thanks, awuoro  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: User Joined: 8/15/2013 Posts: 13,236 Location: Vacuum
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Kaza mshipiQuote:The Cabinet Secretary has also promised total overhaul of the Income Tax Act, signalling a possible increase in income taxes to finance the exchequer. Quote:Excise taxes on beer and cigarettes are already subject to inflation-based increases every two years — under a law that was passed three years ago but was also suspended because of possible political repercussions. Quote:Petroleum products will start attracting 16 per cent VAT beginning September, a move that will add about Sh17 on every litre of the commodity and is expected to raise up to Sh70 billion in new tax revenues. Quote:The single biggest expenditure item is, however, debt service from the Consolidated Fund that will consume half of ordinary revenue in interest payments and settling maturing debt.
Some Sh870.7 billion will be spent on interest payments and redemption of domestic and foreign debt — representing a 43 per cent increase from the Sh608.4 billion in the current fiscal year. If Obiero did it, Who Am I?
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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According to Kenya's Central Bank, occupancy rates at Kenyan shopping malls is at 25%. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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Ericsson wrote:According to Kenya's Central Bank, occupancy rates at Kenyan shopping malls is at 25%. really? that would be very serious considering more are still coming up But i do not see that many empty spaces in the malls when i visit them . is that figure correct Anyway yesterday i was at Garden city in the evening and was surprised to see virtually empty car park How do these businesses survive if they only get people during weekends.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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heri wrote:Ericsson wrote:According to Kenya's Central Bank, occupancy rates at Kenyan shopping malls is at 25%. really? that would be very serious considering more are still coming up But i do not see that many empty spaces in the malls when i visit them . is that figure correct Anyway yesterday i was at Garden city in the evening and was surprised to see virtually empty car park How do these businesses survive if they only get people during weekends. very correct... possunt quia posse videntur
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Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya
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maka wrote:heri wrote:Ericsson wrote:According to Kenya's Central Bank, occupancy rates at Kenyan shopping malls is at 25%. really? that would be very serious considering more are still coming up But i do not see that many empty spaces in the malls when i visit them . is that figure correct Anyway yesterday i was at Garden city in the evening and was surprised to see virtually empty car park How do these businesses survive if they only get people during weekends. very correct... Money laundering  Start!
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Rank: Member Joined: 6/15/2013 Posts: 301
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Metch wrote:maka wrote:heri wrote:Ericsson wrote:According to Kenya's Central Bank, occupancy rates at Kenyan shopping malls is at 25%. really? that would be very serious considering more are still coming up But i do not see that many empty spaces in the malls when i visit them . is that figure correct Anyway yesterday i was at Garden city in the evening and was surprised to see virtually empty car park How do these businesses survive if they only get people during weekends. very correct... Money laundering Some are even less than 25%.....examples....Juja city mall, the one opposite T-mall...only houses a bar and a chemist the last time i was there, Thika Gateway mall completely empty and looking for tenants. But if i were these builders i would have built low - middle income rental flats. Hautakosa wateja.
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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mulla wrote:Metch wrote:maka wrote:heri wrote:Ericsson wrote:According to Kenya's Central Bank, occupancy rates at Kenyan shopping malls is at 25%. really? that would be very serious considering more are still coming up But i do not see that many empty spaces in the malls when i visit them . is that figure correct Anyway yesterday i was at Garden city in the evening and was surprised to see virtually empty car park How do these businesses survive if they only get people during weekends. very correct... Money laundering Some are even less than 25%.....examples....Juja city mall, the one opposite T-mall...only houses a bar and a chemist the last time i was there, Thika Gateway mall completely empty and looking for tenants. But if i were these builders i would have built low - middle income rental flats. Hautakosa wateja. When we told you guys that Kenya is over malled many doubted Kiash 2015 - http://www.wazua.co.ke/f...sts&t=20375&p=2
Revisited 2017 - http://www.wazua.co.ke/f...aspx?g=posts&t=35097"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 1/30/2011 Posts: 207
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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https://www.standardmedi...to-allow-more-borrowing
Treasury is once again seeking Parliament's nod to reduce the Government's debt by half. The latest initiative does not involve paying off the debt, but changing the law to create room for the Government to borrow more.Treasury wants a change to the Public Finance Management (PFM) Act that would put limits on foreign borrowing only. This would lower Kenya's percentage of debt to Gross Domestic Product (GDP) from the current 49 per cent to 25 per cent. This would effectively offer the Government more room for borrowing. "We are asking for an amendment of the PFM Act to classify only external public guarantee debt to be considered as the ceiling for the purposes of the World Bank Country Policy and Institutional Assessment,” Treasury PS Kamau Thugge said. Dr Thugge said Kenya’s current total debt to GDP stands at 49 per cent, which is still short of the World Bank's recommendation of 74 per cent, the level at which the institution considers debt to be risky. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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Ericsson wrote:https://www.standardmedia.co.ke/business/article/2001282246/treasury-asks-mps-to-allow-more-borrowing
Treasury is once again seeking Parliament's nod to reduce the Government's debt by half. The latest initiative does not involve paying off the debt, but changing the law to create room for the Government to borrow more.Treasury wants a change to the Public Finance Management (PFM) Act that would put limits on foreign borrowing only. This would lower Kenya's percentage of debt to Gross Domestic Product (GDP) from the current 49 per cent to 25 per cent. This would effectively offer the Government more room for borrowing. "We are asking for an amendment of the PFM Act to classify only external public guarantee debt to be considered as the ceiling for the purposes of the World Bank Country Policy and Institutional Assessment,” Treasury PS Kamau Thugge said. Dr Thugge said Kenya’s current total debt to GDP stands at 49 per cent, which is still short of the World Bank's recommendation of 74 per cent, the level at which the institution considers debt to be risky.
This is a very good move, we need more money to build & develop the economy. 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: Veteran Joined: 9/18/2014 Posts: 1,127
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Angelica _ann wrote:Ericsson wrote:https://www.standardmedia.co.ke/business/article/2001282246/treasury-asks-mps-to-allow-more-borrowing
Treasury is once again seeking Parliament's nod to reduce the Government's debt by half. The latest initiative does not involve paying off the debt, but changing the law to create room for the Government to borrow more.Treasury wants a change to the Public Finance Management (PFM) Act that would put limits on foreign borrowing only. This would lower Kenya's percentage of debt to Gross Domestic Product (GDP) from the current 49 per cent to 25 per cent. This would effectively offer the Government more room for borrowing. "We are asking for an amendment of the PFM Act to classify only external public guarantee debt to be considered as the ceiling for the purposes of the World Bank Country Policy and Institutional Assessment,” Treasury PS Kamau Thugge said. Dr Thugge said Kenya’s current total debt to GDP stands at 49 per cent, which is still short of the World Bank's recommendation of 74 per cent, the level at which the institution considers debt to be risky.
This is a very good move, we need more money to build & develop the economy. How so? I fear you might not have understood the implication of the proposed ammendments. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 11/13/2015 Posts: 1,568
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Angelica _ann wrote:Ericsson wrote:https://www.standardmedia.co.ke/business/article/2001282246/treasury-asks-mps-to-allow-more-borrowing
Treasury is once again seeking Parliament's nod to reduce the Government's debt by half. The latest initiative does not involve paying off the debt, but changing the law to create room for the Government to borrow more.Treasury wants a change to the Public Finance Management (PFM) Act that would put limits on foreign borrowing only. This would lower Kenya's percentage of debt to Gross Domestic Product (GDP) from the current 49 per cent to 25 per cent. This would effectively offer the Government more room for borrowing. "We are asking for an amendment of the PFM Act to classify only external public guarantee debt to be considered as the ceiling for the purposes of the World Bank Country Policy and Institutional Assessment,” Treasury PS Kamau Thugge said. Dr Thugge said Kenya’s current total debt to GDP stands at 49 per cent, which is still short of the World Bank's recommendation of 74 per cent, the level at which the institution considers debt to be risky.
This is a very good move, we need more money to build & develop the economy. Inflationary finance-pay off the local debt by printing money.
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Rank: User Joined: 8/15/2013 Posts: 13,236 Location: Vacuum
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lochaz-index wrote:Angelica _ann wrote:Ericsson wrote:https://www.standardmedia.co.ke/business/article/2001282246/treasury-asks-mps-to-allow-more-borrowing
Treasury is once again seeking Parliament's nod to reduce the Government's debt by half. The latest initiative does not involve paying off the debt, but changing the law to create room for the Government to borrow more.Treasury wants a change to the Public Finance Management (PFM) Act that would put limits on foreign borrowing only. This would lower Kenya's percentage of debt to Gross Domestic Product (GDP) from the current 49 per cent to 25 per cent. This would effectively offer the Government more room for borrowing. "We are asking for an amendment of the PFM Act to classify only external public guarantee debt to be considered as the ceiling for the purposes of the World Bank Country Policy and Institutional Assessment,” Treasury PS Kamau Thugge said. Dr Thugge said Kenya’s current total debt to GDP stands at 49 per cent, which is still short of the World Bank's recommendation of 74 per cent, the level at which the institution considers debt to be risky.
This is a very good move, we need more money to build & develop the economy. How so? I fear you might not have understood the implication of the proposed ammendments. Sarcasm seems to be so foreign to most of us If Obiero did it, Who Am I?
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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