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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Wukan the issue is the agreement Uhuruto signed with IMF President Christian Lagarde when she came to Kenya. It stated that debt repayment takes first charge on ordinary revenue I.e what Kra collects. Gok should make sure that money is available and in the account 30 days prior to the due date and that money cannot be spent on other things. The balance of the money from what KRA has collected is what can be used for other expenditure and if not enough GOK borrows from the mkt. That is why in the second week of December CBK issued a Treasury bond of sh.35bn but only took 15bn since the market interest was higher than CBK targets. CBK then issued a tap sale last week to raise sh.25bn to cover for the shortfall. The closing date is 29 December. That is the money to be used to pay salaries and meet other government expenditures Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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Ericsson wrote:Wukan the issue is the agreement Uhuruto signed with IMF President Christian Lagarde when she came to Kenya. It stated that debt repayment takes first charge on ordinary revenue I.e what Kra collects. Gok should make sure that money is available and in the account 30 days prior to the due date and that money cannot be spent on other things. The balance of the money from what KRA has collected is what can be used for other expenditure and if not enough GOK borrows from the mkt. That is why in the second week of December CBK issued a Treasury bond of sh.35bn but only took 15bn since the market interest was higher than CBK targets. CBK then issued a tap sale last week to raise sh.25bn to cover for the shortfall. The closing date is 29 December. That is the money to be used to pay salaries and meet other government expenditures Kicking cans down the road
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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winmak wrote:kaka2za wrote:Ericsson wrote:I’m not an economy expert but i can smell a rat with IFMIS catastrophic breakdown, who is fooling who?
From sources Jubilee regime had to suspend all payments to meet our Army & Police services salaries to avoid revolt.
Jubilee regime is at crossroad they have Eurobond loan to pay 46B to be precise before year closes & there is no money.
There is an emergency meeting tomorrow to address EuroBond payment which is pressing jubilee thus why a holiday tomorrow. My simplistic conspiracy theory is that IFMIS has made to fail to prove that you can't rely on technology without manual back up. Interesting theory So what manual system are they using to replace IFMIS to prove their case? 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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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Angelica _ann wrote:winmak wrote:kaka2za wrote:Ericsson wrote:I’m not an economy expert but i can smell a rat with IFMIS catastrophic breakdown, who is fooling who?
From sources Jubilee regime had to suspend all payments to meet our Army & Police services salaries to avoid revolt.
Jubilee regime is at crossroad they have Eurobond loan to pay 46B to be precise before year closes & there is no money.
There is an emergency meeting tomorrow to address EuroBond payment which is pressing jubilee thus why a holiday tomorrow. My simplistic conspiracy theory is that IFMIS has made to fail to prove that you can't rely on technology without manual back up. Interesting theory So what manual system are they using to replace IFMIS to prove their case? What was there before IFMIS? Technology can fail. Ask Wazua Admin. "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: 4/22/2010 Posts: 11,522 Location: Nairobi
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gatoho wrote:Nashak wrote:Someone wazua me this one. I had put in a bid which was successful but was not able to rtgs them chums by Monday 2pm deadline. I figured Tuesday would be late so I scraped it and went on with other business. What does NDO do to the likes of me? Is the Monday 2pm deadline written in stone? Almost happened to me last month. You should have tried the Tuesday at least it could have maybe saved you in future. You might get suspended from participating in future auctions they take such stuff seriously... possunt quia posse videntur
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Is the T.bond for this month out yet? Towards the goal of financial freedom
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Rank: Member Joined: 1/3/2014 Posts: 257
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Ebenyo wrote:Is the T.bond for this month out yet? Not yet out.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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snipermnoma wrote:Ebenyo wrote:Is the T.bond for this month out yet? Not yet out. Which date this month should we expect? Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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When us dollar vs ksh hits 107 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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snipermnoma wrote:Ebenyo wrote:Is the T.bond for this month out yet? Not yet out. What might be the tenure of this bond?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Chaka wrote:snipermnoma wrote:Ebenyo wrote:Is the T.bond for this month out yet? Not yet out. What might be the tenure of this bond? Bado mapema kujua... possunt quia posse videntur
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Dealing with CBK is just crap and stress.... possunt quia posse videntur
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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maka wrote:Dealing with CBK is just crap and stress.... I beg to differ. The positive change has been tremendous. You can query, bid, buy, pay, settle, etc from your bedside. They are now sending out statements and tax receipts pronto! The front desk is manned and fully functional for the 'analogue' clients. Info on Upcoming offers, running offers, results etc is very visible (via website, newspapers, social media) The telephone manners however....... There are yards of space for improvement Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Pesa Nane wrote:maka wrote:Dealing with CBK is just crap and stress.... I beg to differ. The positive change has been tremendous. You can query, bid, buy, pay, settle, etc from your bedside. They are now sending out statements and tax receipts pronto! The front desk is manned and fully functional for the 'analogue' clients. Info on Upcoming offers, running offers, results etc is very visible (via website, newspapers, social media) The telephone manners however....... There are yards of space for improvement Me too agree. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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maka wrote:Dealing with CBK is just crap and stress.... Entering some of these poorly lit and stuffy banking halls is not interesting...When might the CDS merger thing take off though?I read of trading both of equities and T/Bills/Bonds to be done using one CDS account..
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Impunity wrote:Pesa Nane wrote:maka wrote:Dealing with CBK is just crap and stress.... I beg to differ. The positive change has been tremendous. You can query, bid, buy, pay, settle, etc from your bedside. They are now sending out statements and tax receipts pronto! The front desk is manned and fully functional for the 'analogue' clients. Info on Upcoming offers, running offers, results etc is very visible (via website, newspapers, social media) The telephone manners however....... There are yards of space for improvement Me too agree. Yes they have improved but to be a world class Central Bank a wholeeeeee lot has to be done...I sent an email to ask for my statement before christmass,it was never sent...I resent jana...its 11.20 still nothing...lets see how long it takes... possunt quia posse videntur
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Meanwhile 1 year yield drops. Miracles. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Chaka wrote:maka wrote:Dealing with CBK is just crap and stress.... Entering some of these poorly lit and stuffy banking halls is not interesting...When might the CDS merger thing take off though?I read of trading both of equities and T/Bills/Bonds to be done using one CDS account.. Change your bankers boss  Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Pesa Nane wrote:Chaka wrote:maka wrote:Dealing with CBK is just crap and stress.... Entering some of these poorly lit and stuffy banking halls is not interesting...When might the CDS merger thing take off though?I read of trading both of equities and T/Bills/Bonds to be done using one CDS account.. Change your bankers boss Is the CBK banking hall airy and well lit?Haven't been there in a while..
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Chaka wrote:Pesa Nane wrote:Chaka wrote:maka wrote:Dealing with CBK is just crap and stress.... Entering some of these poorly lit and stuffy banking halls is not interesting...When might the CDS merger thing take off though?I read of trading both of equities and T/Bills/Bonds to be done using one CDS account.. Change your bankers boss Is the CBK banking hall airy and well lit?Haven't been there in a while.. Well lit? Yes. Airy? Yes And an army to boot for your security! Pesa Nane plans to be shilingi when he grows up.
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