Not in Namibia but Botswana has some serious mututho laws!

foreign investors could be the biggest sellers in the NSE, they must have benefited big prior to the unprecedented 2007/08 elections bull run. With CBK relying on a floating dollar rate -we are left to rely on mkt factors such as global investment factor. And right now so many mkts are looking lucrative, case in point Egypt. Kenya's instability notwithstanding - The NSE seems set for gloomy days ahead with one or two unjustified spikes. NSE is Now good for long term only (3years and above). From this discussion, I have concluded that the dollar rate is neither here nor there

I do not understand the logic behind CBK's moves... The KES dropping like a rock will mean higher imported inflation. At this rate I expect ANOTHER fuel price hike not coz oil prices have risen but KES is crashing!

I will get my blasphemous 90/- as long as cbk keeps selling to buy euros & dollars. Their price stability objective seems to have been thrown out?! Since the ksh freefall started the dollar was getting battered in the global forex market. Now the euro is taking it in the chin & ksh is worse? Is the ksh really free float? If it is then the dollar rebound will crash it to alykhan's target of 100??!

Nevertheless, I am beneficiary of a weak shilling technical expansion of net-worth.

dollar @ 87. NSE index heads downwards with it. I want to switch from trading shares to trading forex. This deal looks sweet, unless am missing something. why only Kes?

If the $ hits 90... expect another fuel price increase on 14 June!!! A 5% depreciation of the KES means unless there is a 5% drop in oil prices, there is no way we will see lower fuel prices!

@Kizee1 - I have done a long term chart for the USDKES all the way back to Sept 1 2007 and this chart is USD bullish...!? If the Elliot Wave (EW) count is correct even Alykhan's target of 100/- is very mild?! This pair can easily shoot about 120 since the long term falling trend line has given way?! I know this sounds like dream stuff, but the chart never lies... If 2012 happens to be like 2007 with all the nasty PEV, that 120 figure will be surpassed!?
I'm hoping this thing hits 90 and reverses swiftly back under 80/- to stem the upcoming rally above the 100/- handle.

what is the cost of fuel now in Kenya?

so IMF come out and say the following

1. that the country needs to increase external reserves
2. that the cbk should concentrate on tackling inflation as its principle priority
3.THAT A TIGHTENING POLICY WILL NOT HURT THE ECONOMY AND THAT THEY SEE 5.4PCT ECON GROWTH( THIS MEANS RATES WILL RISE RAPIDLY)

....given all this...the KES has rallied from a intra-day low of 86.90*87.00 to close at 86.30*86.40....my money is on the KES rallying