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Kenya Economy Watch
obiero
#1741 Posted : Tuesday, September 04, 2018 11:59:16 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
Angelica _ann wrote:
Ericsson wrote:
(Reuters) - Ghana may issue a 100-year $50 billion bond as part of a long-term industrialisation plan that aims to wean the West African country off aid, its president said during a meeting with Chinese President Xi Jinping.


@Maka I hope you buy this one Laughing out loudly Laughing out loudly Laughing out loudly

That Ghanaian has balls

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Swenani
#1742 Posted : Wednesday, September 05, 2018 4:32:36 AM
Rank: User


Joined: 8/15/2013
Posts: 13,236
Location: Vacuum
Ericsson wrote:
SGR phase 2B in limbo.
End to end feasibility study for Mombasa to Kisumu to be done first

Construction started without feasibility
If Obiero did it, Who Am I?
murchr
#1743 Posted : Wednesday, September 05, 2018 5:56:50 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,979
Swenani wrote:
Ericsson wrote:
SGR phase 2B in limbo.
End to end feasibility study for Mombasa to Kisumu to be done first


Construction started without feasibility


Ofcourse it was done. But they have to revisit hii kelele mme anza ya ati Chinese workers are mistreating you guys has to be discussed and a feasible assessment made
"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
.
maka
#1744 Posted : Wednesday, September 05, 2018 6:25:01 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
murchr wrote:
Swenani wrote:
Ericsson wrote:
SGR phase 2B in limbo.
End to end feasibility study for Mombasa to Kisumu to be done first


Construction started without feasibility


Ofcourse it was done. But they have to revisit hii kelele mme anza ya ati Chinese workers are mistreating you guys has to be discussed and a feasible assessment made


possunt quia posse videntur
Ericsson
#1745 Posted : Wednesday, September 05, 2018 6:52:02 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,641
Location: NAIROBI
It will be a tough three years for Kenya till the next FOCAC.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Swenani
#1746 Posted : Wednesday, September 05, 2018 11:33:23 AM
Rank: User


Joined: 8/15/2013
Posts: 13,236
Location: Vacuum
murchr wrote:
Swenani wrote:
Ericsson wrote:
SGR phase 2B in limbo.
End to end feasibility study for Mombasa to Kisumu to be done first


Construction started without feasibility


Ofcourse it was done. But they have to revisit hii kelele mme anza ya ati Chinese workers are mistreating you guys has to be discussed and a feasible assessment made


Sijui nicheke ama nilie
If Obiero did it, Who Am I?
wukan
#1747 Posted : Wednesday, September 05, 2018 12:03:58 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,569
Some county government workers have not seen a salary in 2 months...kweli malenge ni mboga
obiero
#1748 Posted : Wednesday, September 05, 2018 1:52:24 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
wukan wrote:
Some county government workers have not seen a salary in 2 months...kweli malenge ni mboga

Really? How come? Which County? I thought commercial lending is allowed on delayed exchequer disbursement from national government

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Ericsson
#1749 Posted : Wednesday, September 05, 2018 2:02:20 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,641
Location: NAIROBI
obiero wrote:
[quote=wukan]Some county government workers have not seen a salary in 2 months...kweli malenge ni mboga

Really? How come? Which County? I thought commercial lending is allowed on delayed exchequer disbursement from national government [/quote

Counties were stopped.
Saa hii ni kujipanga
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#1750 Posted : Wednesday, September 05, 2018 4:13:25 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
Ericsson wrote:
obiero wrote:
wukan wrote:
Some county government workers have not seen a salary in 2 months...kweli malenge ni mboga

Really? How come? Which County? I thought commercial lending is allowed on delayed exchequer disbursement from national government


Counties were stopped.
Saa hii ni kujipanga

Weka link kakangu

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Ericsson
#1751 Posted : Wednesday, September 05, 2018 4:29:44 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,641
Location: NAIROBI
obiero wrote:
Ericsson wrote:
obiero wrote:
wukan wrote:
Some county government workers have not seen a salary in 2 months...kweli malenge ni mboga

Really? How come? Which County? I thought commercial lending is allowed on delayed exchequer disbursement from national government


Counties were stopped.
Saa hii ni kujipanga

Weka link kakangu


kaka obiero
Link ndio hii;
https://www.the-star.co....ojects-salaries_c1702782
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
muandiwambeu
#1752 Posted : Wednesday, September 05, 2018 5:29:58 PM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,247
Wororo wrote:
A new powerful Treasury-based agency is set to take up vetting and approval of new public projects valued above Sh100 million to curb rampant wastage of billions of shillings of taxpayers cash.

The draft Public Investment Management (PIM) guidelines propose a Public Investment Management Department to appraise all requests for funding based on quality and cost-effectiveness of intended projects.

The Treasury says that the absence of a public investment management framework has opened room for shoddy projects finding their way into the budget, putting unnecessary distortion on funding plans.

The department will be responsible for approving funding for new projects and also carrying out independent evaluations for medium, large and mega projects.

The Treasury defines small projects as those costing less than Sh100 million while medium projects are those cost en Sh100 million and Sh500 million. All projects costing between half a billion and Sh1 billion will be classified as large while mega projects will be those valued above Sh1 billion.

Kenya is currently grappling with public debt that has crossed the Sh5 trillion mark, most of it spent on projects whose costs were either highly inflated or whose economic benefit to the country has been questioned.

knee-jerk reactions... 😔

Dear lord, the fishermen are demanding a taste of the cooked fish to guranteed the quality of the fish.
It was 10%, now am expecting a 16%VAT on the kickback. Wacha tule karaha yaja.
What is the work of vision 2030, mdg(mellinium development goals), mtf(medium term develpoment framework) et Al.what the work budgetary committed, parliament, national and county- otherwise they concentrate on legistration and policy and forget oversight. Too technical for 20k hungry piranhas.
Value for money is different from synergy building to a common goal of creating value on public interest, based on demand and benefit. Nobody is an uncorruptable angel and a one man army. That's a cahoot of lost panders with no place in this modern society. What Crystal balls( policies) will they be implementing that other sane Kenyans can not abide with while executing expenditure on moderated public budgets. Somebody is about to tell me how often should I jump, how to jump and how high, keti Kama umesimama n vv, haraka! nonsense. Crap !!!!!¡!!!
,Behold, a sower went forth to sow;....
Ericsson
#1753 Posted : Monday, September 10, 2018 10:10:06 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,641
Location: NAIROBI
https://kenyanwallstreet...ebt-repayments-in-2019/

The National Treasury is bracing itself for the upcoming maturing loan obligations in 2019 through the implementation of the new taxes under the Finance Bill 2018. That could mean that pressure on Kenyans is going to increase as the Treasury works to meet these obligations. Consequently, the expected relief from taxes such as the fuel levy might not happen.

In its 2018 budget, the Treasury said it was focusing on reducing the current public debt and cutting down on the budget deficit. The Treasury’s expansion of the tax base has been criticised as being “a quick fix” to the current budget and debt needs.
Taxes are bound to rise higher still ahead of the repayment of the first tranche of Euro bond 1 amounting to $750 million which will mature in June 2019 and the repayment of the first instalment of the standard gauge railway (SGR) commercial loan of $1.633 billion which starts next year.

The standard gauge railway is being financed with a 15-year commercial loan and a 21-year concessional loan of $1.6 billion whose payment will begin in 2021. On the other hand, Eurobond 1 was meant to fund infrastructural projects and to repay a loan of $600 million incurred in 2011/2012.
Kenya’s debt profile features a two-year syndicated loan of $750 million from Citi Bank, Standard Bank, SA and Standard Chartered Bank (Sep 2015-April 2018) meant to finance the budget and Eurobond 2 of $2 billion meant “to pay part of the loans above syndicate loan $1.75 billion.” Other loans include:

$600 million from China Development Bank Corp running from June 2016-2023
$250 million East and South Africa Trade Development Bank running from Dec 2016-2018
$300 million East and South Africa Trade Development Bank running from March 2017-2022
$200 million East and South Africa Trade Development Bank running from March 2017-2027
$750 million from East and South Africa Trade Development Bank running from Oct 2017-2027 to pay 2015 syndicated loan
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#1754 Posted : Monday, September 10, 2018 2:11:03 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,641
Location: NAIROBI
Even as surely,asking for a grant of ksh.190bn,which country in this world can give you that.
For now SGR is till Naivasha which is also a central location to dispatch cargo to all over kenya and the neighbouring countries
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#1755 Posted : Monday, September 10, 2018 2:29:20 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,641
Location: NAIROBI
http://www.theeastafrica...2074-cm5b7mz/index.html

East African countries that were banking on Ethiopia for cheap electricity could be forced back to the drawing board given the uncertainties on the future of the Grand Ethiopian Renaissance Dam.

Although Ethiopia has marketed the dam as the most successful homegrown infrastructure project in the region, largely because it is being funded from local resources, a critical assessment by Prime Minister Abiy Ahmed has lifted the lid on the challenges facing the project and cast doubt over its completion.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
pops
#1756 Posted : Monday, September 10, 2018 6:16:31 PM
Rank: Member


Joined: 9/13/2006
Posts: 123
Why is the executive so silent on these key matters such as VAT on fuel and the debt situation? It's been over a week now.
murchr
#1757 Posted : Monday, September 10, 2018 6:18:56 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,979
pops wrote:
Why is the executive so silent on these key matters such as VAT on fuel and the debt situation? It's been over a week now.


What do you want them to say?
"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
.
Thitifini
#1758 Posted : Monday, September 10, 2018 7:45:21 PM
Rank: Member


Joined: 1/15/2015
Posts: 681
Location: Kenya
pops wrote:
Why is the executive so silent on these key matters such as VAT on fuel and the debt situation? It's been over a week now.


They know we are screwed whichever lane we take.Sad

60% Learning, 30% synthesizing, 10% Debating
Angelica _ann
#1759 Posted : Monday, September 10, 2018 8:08:59 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
murchr wrote:
pops wrote:
Why is the executive so silent on these key matters such as VAT on fuel and the debt situation? It's been over a week now.


What do you want them to say?


This is not what they promised tyranny during tano tena? They need to come out and day what changed.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ericsson
#1760 Posted : Monday, September 10, 2018 8:47:30 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,641
Location: NAIROBI
Angelica _ann wrote:
murchr wrote:
pops wrote:
Why is the executive so silent on these key matters such as VAT on fuel and the debt situation? It's been over a week now.


What do you want them to say?


This is not what they promised tyranny during tano tena? They need to come out and day what changed.

The truth is finally out
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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