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Kenya Economy Watch
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Jamaa wa machozi ako na mastory tu. Double digit growth,drop in electricity prices by 30%... The list is endless Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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murchr wrote:mkonomtupu wrote:hisah wrote:Mucene wrote:hisah wrote:If GDP is rebased today by whatever factor does that add more KES to your coffers to boost your purchasing power? It's a mirage. Same as removing some CPI items from the inflation formula to fudge the inflation rate downwards. They did this in Feb 2010. Now its GDP rebasing. 2011 cycle will repeat again just like the rising and setting of the sun!
When you are done debating with yourself about the above reality check then read this article - http://ow.ly/C411X
Rebasing is meant to accurately measure the GDP, that is, get to know what the size of the current GDP more accurately. Wow! So this will reduce the unemployment rate, poor access to education and healthcare, insurance and food since KE is now an overnight middle income econ... Poor wanjiku.
The way I see it is this is just a gimmick to permit for more gok borrowing by making the debt to GDP ratio appear small. Since the tax base cannot shoulder the expected debt binge from the coming sizable gok borrowing, massive inflation pressure is coming.
$KES is already telling the story. Soon wanjikus will start asking why their pockets are shrinking while the econ is a middle income "rich" econ.
And I pray that bond vigilantes don't shark in on the eurobond when they start getting uneasy with the shaky fiscal policies. That will be really painful and worse if oil will not be flowing by 2017.
@hisah please look at the break-even for shale oil production in the next 3 years it's headed to $ 65 so our oil in 2017 will be coming to a market with a low price on the world market How are you able to calculate that? @murchr see the links below http://kuow.org/post/tur...ent-oil-prices-bubbling
http://en.ria.ru/russia/...io-of-60-Oil-Prices.html
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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dunkang wrote:I thought H.E the D-PORK William Samoei Ruto announced that cost of Electricity is going down by as much as 30% this month, kwani it was also empty talk? Kusema na kutenda  My power bills down 42.44%  @SufficientlyP
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Rank: Elder Joined: 12/2/2009 Posts: 2,458 Location: Nairobi
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Sufficiently Philanga....thropic wrote:dunkang wrote:I thought H.E the D-PORK William Samoei Ruto announced that cost of Electricity is going down by as much as 30% this month, kwani it was also empty talk? Kusema na kutenda My power bills down 42.44% Oh please Mine shot up by 50% in August, then dropped by 40% in September.. so much for Kusema na Kutenda. before that it had been rising at 20-30% every month for an entire year.Tell me another one
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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poundfoolish wrote:Sufficiently Philanga....thropic wrote:dunkang wrote:I thought H.E the D-PORK William Samoei Ruto announced that cost of Electricity is going down by as much as 30% this month, kwani it was also empty talk? Kusema na kutenda My power bills down 42.44% Oh please Mine shot up by 50% in August, then dropped by 40% in September.. so much for Kusema na Kutenda. before that it had been rising at 20-30% entire year.Tell me another one Just in case you missed out on the question(September billings payable this month). As to what you paid for August billings or before, i think that is irrelevant as far as the question is concerned. @SufficientlyP
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Sufficiently Philanga....thropic wrote:poundfoolish wrote:Sufficiently Philanga....thropic wrote:dunkang wrote:I thought H.E the D-PORK William Samoei Ruto announced that cost of Electricity is going down by as much as 30% this month, kwani it was also empty talk? Kusema na kutenda My power bills down 42.44% Oh please Mine shot up by 50% in August, then dropped by 40% in September.. so much for Kusema na Kutenda. before that it had been rising at 20-30% entire year.Tell me another one Just in case you missed out on the question(September billings payable this month). As to what you paid for August billings or before, i think that is irrelevant as far as the question is concerned. Check this: https://regulusweb.com/kenyan-electricity-costs
The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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the EastAfrican wrote:The Treasury has drafted the Kenya National Sovereign Wealth Fund (KNSWF) Bill, that aims to ensure proceeds from oil, gas and mining activities do not destabilise the economy.
The fund would build a portfolio of investments in Kenya and abroad, with a special-purpose investment vehicle consisting of a stabilisation fund, a future generations fund and an infrastructure and development fund.
According to the draft Bill, which is being discussed by relevant ministries and stakeholders, the stabilisation fund will facilitate levelling of current spending in a sustainable way, insulating the national budget and economy from the impact of volatility in revenues, including mineral and petroleum revenues. "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: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Kenya Shilling Currency Futures to be traded in South Africa. Does this mean that other than the Central Bank of Kenya, the JSA will have a say on the value of the Kenia Shilingi? Quote:7 October 2014
The first currency futures that track the exchange rate between the South African rand and and select African currencies was launched by the Johannesburg Stock Exchange on Friday, the JSE announced in a statement.
Link: http://goo.gl/el1QUj
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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[quote=aemathenge]Kenya Shilling Currency Futures to be traded in South Africa. Does this mean that other than the Central Bank of Kenya, the JSA will have a say on the value of the Kenia Shilingi? Quote:7 October 2014
The first currency futures that track the exchange rate between the South African rand and and select African currencies was launched by the Johannesburg Stock Exchange on Friday, the JSE announced in a statement.
Link: http://goo.gl/el1QUj[/quote] a future is an exchange traded forward, cbk rules ban offshores from buying USDKES forwards for a duration of less than a year, i wonder how JSE will circumvent this, unless these will be NDFs? so who do you think is in charge here?
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Mwaks ya Short Rains Seaonal Forecast for the Next Three Months https://www.scribd.com/d...he-Next-Three-Months-OND
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Rank: Elder Joined: 6/23/2009 Posts: 13,551 Location: nairobi
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[quote=Cde Monomotapa]Mwaks ya Short Rains Seaonal Forecast for the Next Three Months https://www.scribd.com/d...e-Next-Three-Months-OND[/quote] @cde missed you!! where were you when I was being attacked last weekend by some tribalist
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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ERC fuel price cuts for Oct are quite minimal  considering the selloff in oil last month. They referenced $97.95. Weird! Waiting to see the reference price for the next price cut round now that Brent has crated in October. Unless brent price makes a sizable rebound, that price cut will be large. A God send to KE since it shrinks the fuel bill despite a weak KES as well as deflates the inflation pressure. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Is it about buying the oil discount? http://www.businessdaily...2/-/8ywkxmz/-/index.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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World Bank president Jim Yong Kim and United Nations secretary-general Ban Ki-Moon will visit Kenya tomorrow and are slated to hold talks with President Uhuru Kenyatta. The meeting will focus on strengthening cooperation for peace, security and development in the Horn of Africa. They will also engage representatives of the various private sector groups to discuss regional integration and economic opportunities for countries in the Horn. In a statement on Friday, the World Bank said though Kenya has progressed into lower middle-income status following rebasing of its Gross Domestic Product last month, “vulnerability to rising insecurity in the Horn [of Africa] remains a serious challenge.” - See more at: http://www.the-star.co.k...row#sthash.f1WrJO9q.dpuf"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: Chief Joined: 1/13/2011 Posts: 5,964
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COMESA, EAC, SADC MINISTERS AGREE TO LAUNCH AFRICA’S LARGEST FREE TRADE AREA Tripartite Free Trade Area to be launched in December http://www.comesa.int/at...ched%20in%20December.pdf
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Rank: Member Joined: 7/17/2011 Posts: 627 Location: Mbui-Nzau, Kikumbulyu
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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KNBS forgot to include the power data in the October report. Info hiding in stats just like NPLs by banks... http://www.businessdaily...94/-/46csyf/-/index.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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COMESA, EAC, SADC MINISTERS AGREE TO LAUNCH AFRICA’S LARGEST FREE TRADE AREA Tripartite Free Trade Area to be launched in December http://www.comesa.int/at...hed%20in%20December.pdf
Afreximbank Plans Mobile Payment Platform for Africa The President, who announced that Afreximbank was working with Econet Wireless Group to develop and introduce the platform, said that mobile technology had become one of the most important instruments for the conduct of financial transactions in Africa and globally and was seen by trade practitioners as a potential instrument for supporting cross border trade and financial flows. - See more at: http://paymentsafrika.co...er#sthash.BOQLO3Cf.dpuf
A wonderful convergence it could be...
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Business Daily wrote:“We have a proposal saying we allow up to 100 per cent of the shareholding of a listed firm to be owned by foreigners up from the current 75 per cent,” said Luke Ombara, acting CMA director for regulatory, policy and strategy Thursday.
Mr Ombara added the proposal may be modified to have the Treasury Cabinet secretary prescribe the portion foreigners can own in strategically important companies or recently listed firms at least in part owned by the government.
The amendments will be made in the Budget proposals for 2015/16 fiscal year so the legal provision could be effective from January 2016. "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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