Case in point, the rise of Jameson, JD, JW, HK etc which we don't brew locally but have to import to satisfy new found tastes We contribute to our own woes too btw. Hehee..

I'm sure they're expecting eurobond inflows to stabilize the shilling as the VAT bill wrecks all sort of havoc. It's a gamble with the hold decision but everyone knows you must always stack the cards in your favour to generate the desired outcome. The case of fuzzy (fudged) inflation stats that influenced the decision. The core inflation figure aka non-food-non-fuel supposedly went down (3.86) according to the MPC statement leading to the assumption that there were no demand driven factors in play in August. But when you go to the statistic bureau website (www.knbs.or.ke) and download the latest CPI it's a conflicting story.

Food and fuel indices (2 items)

Food - 9.74
Housing, water, fuel - 4.58

Headline inflation - 6.67

Non-food-non-fuel (10 items)

Alcoholic beverages - 6.10
Clothing and footwear - 4.79
Furnishings - 3.62
Health - 4.33
Transport - 6.66
Communication - 3.62 (minus)
Recreation and culture - 3.87
Education - 4.83
Restaurant and hotel - 6.98
Miscellaneous - 4.47

Core inflation - 3.86?

The law of averages is simple. The average can't be statistically lower than the sum of its parts. Thus core inflation can't be 3.86 based on the 10 items above that form it. Yet this figure is the evidence of the declining threat from demand driven inflation.

Don't get us overly excited, the other players holding licenses should drill fast we need to start dreaming early

Turns out the restaurant & hotel index is no longer a core inflation item. so that's why the core inflation number is 3.86. Apparently the costs of restaurants & hotels is so close to food and housing that it gets excluded . I don't get the logic.

Yeah i think we can absorb $2bln, mind you we still have a syndicated loan to pay off early next year.

The eurobond will be rolled over until something else can replace it. Partly used to redeem the previous bank loan and the remainder converted for local road projects. Don't know what it'll mean for debt sustainability too take usd 2 billion in one go.

This is great news. Let us pray for wisdom for our leaders whilst tightening that Mining Bill. If we go the Norwegian route, KE is destined for greatness in this region.

The most important thing is to have the oil resources utilized well. We already have foreign income earners from Tea , coffee and tourism. What baffles me todate is why the roads in the tea growing areas are very bad , just pay a visit to KTDA factories in Meru area and You will witness this. Masai Mara brings revenue to Narok county yet the roads leading there are horrible. Look at the roads in Mombasa tourist areas. Therefore , I would not want to sound a sadist but I highly doubt even with revenues from oil Our lifes will not change.

The only risk with oil is that the population could transform from the innovators that we currently are to consumers akin Arabs, Angolans etc. We need to get the Norwegian playbook ASAP