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Kenya Debt Watch
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enyands
#221 Posted : Thursday, December 01, 2016 10:11:11 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya
alutacontinua wrote:
http://www.businessdailyafrica.com/Kenya-to-spend-40pc-of-tax-revenue-on-servicing-public-debt/539552-3470912-item-2-n2jcb2z/index.html

40% of tax revenue for 2017 is set to debt repayment!!!!!....Loan uptake does not look like its slowing down any time soon



Sad thing is people will vote according to the tribe uptake and not deal with impending issue of debt uptake crisis
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Ericsson
#222 Posted : Friday, December 02, 2016 5:41:07 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
@enyands
There are people from a certain area who will vote for their person irrespective of how the economy and quality of life is.
It's like an oath they have taken and can never support anyone apart from one of theirs.
This is the kenya we have 54 years after independence.
People don't vote on issues
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#223 Posted : Friday, December 02, 2016 6:27:31 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
Ericsson wrote:
@enyands
There are people from a certain area who will vote for their person irrespective of how the economy and quality of life is.
It's like an oath they have taken and can never support anyone apart from one of theirs.
This is the kenya we have 54 years after independence.
People don't vote on issues


Politics+Much politics=Poverty
Towards the goal of financial freedom
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alutacontinua
#224 Posted : Tuesday, January 10, 2017 10:00:47 PM
Rank: Member


Joined: 3/23/2011
Posts: 304
http://www.businessdaily...11632-6s0h0i/index.html

KRA collects an average of Ksh.94.8B per month in the first 5 months of the fiscal year. This is 14.6% below Ksh. 111B monthly average anticipated by treasury.

If this trend continues we can expect an overall tax revenue of Ksh.1.14T....

Looks like the debt repayment to GDP ratio will cross the 50% mark
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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lochaz-index
#225 Posted : Wednesday, January 11, 2017 4:36:39 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
alutacontinua wrote:
http://www.businessdailyafrica.com/kra-another-year-of-shortfall/539546-3511632-6s0h0i/index.html

KRA collects an average of Ksh.94.8B per month in the first 5 months of the fiscal year. This is 14.6% below Ksh. 111B monthly average anticipated by treasury.

If this trend continues we can expect an overall tax revenue of Ksh.1.14T....

Looks like the debt repayment to GDP ratio will cross the 50% mark

1.14T versus a target of 1.5T for the current financial year. Allowing for the uptick in collection towards the end that puts actual revenue @1.2T. Debt repayments are projected to check in at 618.9b which is more than 50% of revenue. If the KES is still on a bear run then that could easily blow out of proportion. The twin deficits will hurt KE severely.
The main purpose of the stock market is to make fools of as many people as possible.
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alutacontinua
#226 Posted : Wednesday, January 11, 2017 7:44:44 PM
Rank: Member


Joined: 3/23/2011
Posts: 304
lochaz-index wrote:
alutacontinua wrote:
http://www.businessdailyafrica.com/kra-another-year-of-shortfall/539546-3511632-6s0h0i/index.html

KRA collects an average of Ksh.94.8B per month in the first 5 months of the fiscal year. This is 14.6% below Ksh. 111B monthly average anticipated by treasury.

If this trend continues we can expect an overall tax revenue of Ksh.1.14T....

Looks like the debt repayment to GDP ratio will cross the 50% mark

1.14T versus a target of 1.5T for the current financial year. Allowing for the uptick in collection towards the end that puts actual revenue @1.2T. Debt repayments are projected to check in at 618.9b which is more than 50% of revenue. If the KES is still on a bear run then that could easily blow out of proportion. The twin deficits will hurt KE severely.


https://www.bloomberg.co...cialflow-twitter-africa

The World Bank has estimated Kenya’s financing gap at 9.6 percent of gross domestic product in the 2016-17 financial year, from 7.2 percent in 2015-16.

Piling more debt to plug the deficit (Additional $1.05B in debt...)
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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heri
#227 Posted : Saturday, January 14, 2017 3:00:04 PM
Rank: Member


Joined: 9/14/2011
Posts: 834
Location: nairobi
China Tells Sri Lanka: We Want Our Money, Not Your Empty Airport

ttp://www.forbes.com/sites/wadeshepard/2016/07/31/china-to-sri-lanka-we-want-our-money-not-your-empty-airport/#5461f8c61169


Sri Lanka's debt situation is severe. The country is currently in $58.3 billion deep to foreign financiers, and 95.4% of all government revenue is currently going towards paying back its loans. This means that out of every hundred dollars the government brings in only $4.60 is going towards essentials like education and public services.
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mlennyma
#228 Posted : Saturday, January 14, 2017 4:26:43 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,175
Location: nairobi
heri wrote:
China Tells Sri Lanka: We Want Our Money, Not Your Empty Airport

ttp://www.forbes.com/sites/wadeshepard/2016/07/31/china-to-sri-lanka-we-want-our-money-not-your-empty-airport/#5461f8c61169


Sri Lanka's debt situation is severe. The country is currently in $58.3 billion deep to foreign financiers, and 95.4% of all government revenue is currently going towards paying back its loans. This means that out of every hundred dollars the government brings in only $4.60 is going towards essentials like education and public services.

confirm whether it's Sri Lanka or kenya
"Don't let the fear of losing be greater than the excitement of winning."
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alutacontinua
#229 Posted : Friday, February 03, 2017 2:04:50 PM
Rank: Member


Joined: 3/23/2011
Posts: 304
http://www.businessdaily...98004-49dtlu/index.html

USD 1B syndicate loan expected in March....

Data from Treasury tabled in parliament last month showed Kenya's total public debt hit Ksh. 3.6T in the year ending June 2016. This was an increase of 27% from the Ksh. 2.8T recorded at the end of June 2015.



You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Swenani
#230 Posted : Saturday, January 20, 2018 1:06:57 PM
Rank: User


Joined: 8/15/2013
Posts: 13,236
Location: Vacuum
Naskia Treasury has run out of cash
If Obiero did it, Who Am I?
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mlennyma
#231 Posted : Saturday, January 20, 2018 1:26:11 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,175
Location: nairobi
Swenani wrote:
Naskia Treasury has run out of cash

And the opposition is ready to cause more injuries
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#232 Posted : Saturday, January 20, 2018 1:44:31 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
Swenani wrote:
Naskia Treasury has run out of cash

Sh.40bn infrastructure bond is to provide cash
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Thiong'o
#233 Posted : Saturday, January 20, 2018 2:31:37 PM
Rank: Member


Joined: 10/14/2011
Posts: 661
mlennyma wrote:
Swenani wrote:
Naskia Treasury has run out of cash

And the opposition is ready to cause more injuries

The public debt has ballooned at an alarming rate, reaching Ksh4.48 trillion ($43.6 billion) in September, up from Ksh3.5 trillion ($34 billion) in March 2015 and Ksh2.1 trillion ($20.4 billion) in November 2013.
http://www.theeastafrica...8834-4kv9c8z/index.html
http://www.theeastafrica...62734-5ahlmo/index.html
http://www.theeastafrica...720-10v33yjz/index.html
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obiero
#234 Posted : Saturday, January 20, 2018 2:54:11 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
Thiong'o wrote:
mlennyma wrote:
Swenani wrote:
Naskia Treasury has run out of cash

And the opposition is ready to cause more injuries

The public debt has ballooned at an alarming rate, reaching Ksh4.48 trillion ($43.6 billion) in September, up from Ksh3.5 trillion ($34 billion) in March 2015 and Ksh2.1 trillion ($20.4 billion) in November 2013.
http://www.theeastafrica...8834-4kv9c8z/index.html
http://www.theeastafrica...62734-5ahlmo/index.html
http://www.theeastafrica...720-10v33yjz/index.html

Kwisha sisi

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Lolest!
#235 Posted : Wednesday, September 26, 2018 10:07:09 AM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Quote:
Treasury chiefs project in draft Budget Review and Outlook Paper that total debt will jump to nearly Sh7.17 trillion in the year ending June 2022, from nearly Sh5.04 trillion this June.

https://www.nation.co.ke...777896-b0f8lk/index.html
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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maka
#236 Posted : Wednesday, September 26, 2018 11:03:21 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
[quote=Lolest!]
Quote:
Treasury chiefs project in draft Budget Review and Outlook Paper that total debt will jump to nearly Sh7.17 trillion in the year ending June 2022, from nearly Sh5.04 trillion this June.

https://www.nation.co.ke...77896-b0f8lk/index.html[/quote]


Sheer madness... When I started getting interested with Fixed income we used to do 10 - 15 Billion per auction at times even lower 5B... Thats in 2010 thereabout... Now 40 Bn per auction is the norm... By the time they leave we will be doing 70Bn shilling auctions...
possunt quia posse videntur
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Ericsson
#237 Posted : Wednesday, September 26, 2018 11:15:28 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
maka wrote:
[quote=Lolest!]
Quote:
Treasury chiefs project in draft Budget Review and Outlook Paper that total debt will jump to nearly Sh7.17 trillion in the year ending June 2022, from nearly Sh5.04 trillion this June.

https://www.nation.co.ke...77896-b0f8lk/index.html[/quote]


Sheer madness... When I started getting interested with Fixed income we used to do 10 - 15 Billion per auction at times even lower 5B... Thats in 2010 thereabout... Now 40 Bn per auction is the norm... By the time they leave we will be doing 70Bn shilling auctions...


The country is broke/taifa la kenya halina pesa kujimidi
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#238 Posted : Wednesday, September 26, 2018 2:35:28 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
Ericsson wrote:
maka wrote:
[quote=Lolest!]
Quote:
Treasury chiefs project in draft Budget Review and Outlook Paper that total debt will jump to nearly Sh7.17 trillion in the year ending June 2022, from nearly Sh5.04 trillion this June.

https://www.nation.co.ke...77896-b0f8lk/index.html[/quote]


Sheer madness... When I started getting interested with Fixed income we used to do 10 - 15 Billion per auction at times even lower 5B... Thats in 2010 thereabout... Now 40 Bn per auction is the norm... By the time they leave we will be doing 70Bn shilling auctions...


The country is broke/taifa la kenya halina pesa kujimidi


Of course they will miss their revenue collection targets and start wondering what hit them.
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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Ericsson
#239 Posted : Wednesday, September 26, 2018 2:40:25 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
Angelica _ann wrote:
Ericsson wrote:
maka wrote:
[quote=Lolest!]
Quote:
Treasury chiefs project in draft Budget Review and Outlook Paper that total debt will jump to nearly Sh7.17 trillion in the year ending June 2022, from nearly Sh5.04 trillion this June.

https://www.nation.co.ke...77896-b0f8lk/index.html[/quote]


Sheer madness... When I started getting interested with Fixed income we used to do 10 - 15 Billion per auction at times even lower 5B... Thats in 2010 thereabout... Now 40 Bn per auction is the norm... By the time they leave we will be doing 70Bn shilling auctions...


The country is broke/taifa la kenya halina pesa kujimidi


Of course they will miss their revenue collection targets and start wondering what hit them.


They will say it's uchawi and uganga
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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