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Kenya's Economy Projected To Be The Third Fastest Growing In The World In 2015
MaichBlack
#1 Posted : Monday, March 02, 2015 9:11:45 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,468
Despite all the challenges to the Kenyan Economy, it is projected to be the third fastest growing economy in the world in 2015!

Link: Kenyan Economy to be the third fastest growing economy in the world.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
mv_ufanisi
#2 Posted : Monday, March 02, 2015 9:52:46 AM
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Joined: 1/15/2010
Posts: 625
We're coming from such a low base that this is nothing to be proud of. We have a GDP per capita of 1254 USD so a growth rate of 6% while our population grows by 2.7% per year means we're struggling on our way up. Kenya should be growing by at least 12% per year if not 15%. We're playing massive catch up.
josimar
#3 Posted : Monday, March 02, 2015 9:53:13 AM
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The day every Kenyan will have access to affordable quality health care and clean water to every household is when I will know Our economy has grown .
MaichBlack
#4 Posted : Monday, March 02, 2015 10:49:52 AM
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Joined: 7/22/2009
Posts: 7,468
Glass half full vs half empty.

True. We have a long way to go but we are heading there faster than our fellow 'sufferers'. Kenya's economy is not the least developed in the world. Let's stop behaving like it is. And it is growing - at the third fastest rate in the world! It could be contracting!!!

And if anyone expects to wake up one day and find everyone with access to clean water, food, education and health care, they are in for a shock. It will not happen in a day. It is a process!

Eish vane!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
mkonomtupu
#5 Posted : Monday, March 02, 2015 11:02:47 AM
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Joined: 2/10/2010
Posts: 1,001
Location: River Road
Ethiopia and Tanzania were obviously not in that survey. Ethiopia is doing a consistent 9% while TZ is doing consistent 7%
kiash
#6 Posted : Monday, March 02, 2015 11:17:09 AM
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Joined: 4/27/2010
Posts: 951
Location: Nyumbani
josimar wrote:
The day every Kenyan will have access to affordable quality health care and clean water to every household is when I will know Our economy has grown .


Applause Applause

Excactly and it should start with clean water first. When people get access to this, then you can be sure there will be shorter queues in the hospitals.
mv_ufanisi
#7 Posted : Monday, March 02, 2015 11:35:49 AM
Rank: Member


Joined: 1/15/2010
Posts: 625
MaichBlack wrote:
Glass half full vs half empty.

True. We have a long way to go but we are heading there faster than our fellow 'sufferers'. Kenya's economy is not the least developed in the world. Let's stop behaving like it is. And it is growing - at the third fastest rate in the world! It could be contracting!!!

And if anyone expects to wake up one day and find everyone with access to clean water, food, education and health care, they are in for a shock. It will not happen in a day. It is a process!

Eish vane!!!


Kenyans are too accepting of mediocrity. We can't be rejoicing at such a tiny level of growth. We shouldn't be happy coz we now have a bigger economy than Somalia.

If one day we have a serious government that is hyper focused we might even do 20% economic growth, we shouldn't rest until we atleast get to about 12,000 USD GDP per capita - that will mean most of our citizens are living a reasonable life at about 1,000 USD spend per month.

For now we are still playing in Division 3rd world and a lot of our citizens are still going hungry. We are lucky we're far from the Atlantic or Kenyans would be drowning in the Mediterranean trying to get to Europe. We are seeing our desperate citizens going to the Middle East to work in slave like conditions because we just can't manage ourselves and our resources.

PS: Economic growth is not rocket science.
streetwise
#8 Posted : Monday, March 02, 2015 11:41:07 AM
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Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
I understand that Qatar is at 102,000 USD GDP per capita -

Looks like this is heaven for us.
MaichBlack
#9 Posted : Monday, March 02, 2015 12:02:56 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,468
kiash wrote:
josimar wrote:
The day every Kenyan will have access to affordable quality health care and clean water to every household is when I will know Our economy has grown .


Applause Applause

Excactly and it should start with clean water first. When people get access to this, then you can be sure there will be shorter queues in the hospitals.

As I said, we are very far from our destination but great strides have been made.

Do a simple survey at your work place or estate - friends etc. I have met numerous people who tell me they never imagined there will be electricity in their villages in their life time. Piped water was not even imaginable. They now have both!!! And I am talking about people from all corners of Kenya. They is still A LOT to be done but something is being done.

We all have big dreams for our kids but we still celebrate "small" achievements like when they make the first step, utter their first word, are fully toilet trained, join school, are finally able to write their name etc. That DOES NOT mean we have lost sight of the "bigger" dreams. Kenya is also our baby!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
the deal
#10 Posted : Monday, March 02, 2015 12:26:33 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
The key question is...what driving this so called "growth"? ...the jury is still out weather borrowing heavily to invest in questionable projects like SGR will be Kenya's launch pad!
whiteowl
#11 Posted : Monday, March 02, 2015 1:20:54 PM
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Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
I hope this means some of the ECB's QE money is coming straight to the NSE
Sufficiently Philanga....thropic
#12 Posted : Monday, March 02, 2015 2:27:46 PM
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Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
whiteowl wrote:
I hope this means some of the ECB's QE money is coming straight to the NSE


Notice the survey was only on countries with liquid markets, read ease of entry and exit. As someone said here, Ethiopia and Tanzania far outrun as percentagewise.
So i'm camping here at the Energy stocks corner waiting for those Eurossmile
@SufficientlyP
whiteowl
#13 Posted : Monday, March 02, 2015 8:05:44 PM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Sufficiently Philanga....thropic wrote:
whiteowl wrote:
I hope this means some of the ECB's QE money is coming straight to the NSE


Notice the survey was only on countries with liquid markets, read ease of entry and exit. As someone said here, Ethiopia and Tanzania far outrun as percentagewise.
So i'm camping here at the Energy stocks corner waiting for those Eurossmile

Me too,just sipping my drinks as I await the Euros. For the last two years, some of Tanzania stocks have had huge returns but transactions take too long to conclude so I can't invest there.
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