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Kenya Economy Watch
Rank: Member Joined: 3/23/2011 Posts: 304
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Kenya set to import 100,000 tonnes of sugar... http://kenyanwallstreet....nes-sugar-curb-shortage
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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According to Duale's bill in yesterday's parliamentary debate on his motion for PAYE to go up by 10% Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Ericsson wrote:According to Duale's bill in yesterday's parliamentary debate on his motion for PAYE to go up by 10% Heeeeh....  possunt quia posse videntur
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Rank: Member Joined: 12/17/2016 Posts: 225
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maka wrote:Ericsson wrote:According to Duale's bill in yesterday's parliamentary debate on his motion for PAYE to go up by 10% Heeeeh.... What is wrong with this government??? This will receive serious backlash Reflection Eternal
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Flo-ology wrote:maka wrote:Ericsson wrote:According to Duale's bill in yesterday's parliamentary debate on his motion for PAYE to go up by 10% Heeeeh.... What is wrong with this government??? This will receive serious backlash let us all support our Government to prosper for the better of tomorrow.  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: Member Joined: 1/31/2007 Posts: 304
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Ericsson wrote:According to Duale's bill in yesterday's parliamentary debate on his motion for PAYE to go up by 10% Do you have a link to support this? What could be the meaning of that statement?..does it mean the tax rate is going up, or is it that the tax bands will be expanded.Because one is good while the other is bad.So which is which?
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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moneydust wrote:Ericsson wrote:According to Duale's bill in yesterday's parliamentary debate on his motion for PAYE to go up by 10% Do you have a link to support this? What could be the meaning of that statement?..does it mean the tax rate is going up, or is it that the tax bands will be expanded.Because one is good while the other is bad.So which is which? I believe it is the latter which is a good thing to individuals 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: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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moneydust wrote:Ericsson wrote:According to Duale's bill in yesterday's parliamentary debate on his motion for PAYE to go up by 10% Do you have a link to support this? What could be the meaning of that statement?..does it mean the tax rate is going up, or is it that the tax bands will be expanded.Because one is good while the other is bad.So which is which? It's tax bands to ease tax burden If taxes were increased it would have been on front page of all dailies No govt would dare do that 3 months to polls
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Rank: Member Joined: 1/31/2007 Posts: 304
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Lolest! wrote:moneydust wrote:Ericsson wrote:According to Duale's bill in yesterday's parliamentary debate on his motion for PAYE to go up by 10% Do you have a link to support this? What could be the meaning of that statement?..does it mean the tax rate is going up, or is it that the tax bands will be expanded.Because one is good while the other is bad.So which is which? It's tax bands to ease tax burden If taxes were increased it would have been on front page of all dailies No govt would dare do that 3 months to polls Then why are people so quick to post alarmist statements..Would it hurt to just get the facts right???
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Kenya borrowed $1 billion via a syndicated loan from commercial banks, $200 million more than anticipated, Thomson Reuters publication IFR reported on Friday. The East African nation said in March it was raising a total of $1.55 billion in syndicated loans, with $800 million coming from commercial banks and the rest from development finance banks. The $1 billion loan was split into a two-year tranche and a three-year tranche, IFR cited bankers as saying. The loan was arranged by Citigroup, Rand Merchant Bank, Standard Bank and Standard Chartered Bank. http://af.reuters.com/ar...&utm_campaign=bufferWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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The govt plan in the 2016/17 budget was to borrow Shs.612bn from the domestic market. By end of Dec 16, it was increased to Shs.912bn. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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http://www.businessdaily...41174-v88t53/index.html
Ethiopia opens Sh371bn gap on Kenya’s economy Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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Kenya's GDP at $69B slightly below $73B total of Uganda's $26B + Tanzania's $47
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Kenya's SRC reduces MPs salaries from Sh 720,000 to 621,00 @ month. Sitting & mileage allowance abolished. Says move meant to reduce wastage President's salary also reduced from Sh 1.6Mn to Sh 1.4Mn New salary structures for State officers President-1.4M Deputy President-1.2M CS- 924K AG-924K KDF boss-924K PS- 765K MPs- 621K Senators-621k Women Reps-621k Governors sh924K Deputy Governors-621k MCAs-144K No sitting and mileage allowances Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Ericsson wrote:Kenya's SRC reduces MPs salaries from Sh 720,000 to 621,00 @ month. Sitting & mileage allowance abolished. Says move meant to reduce wastage
President's salary also reduced from Sh 1.6Mn to Sh 1.4Mn
New salary structures for State officers
President-1.4M
Deputy President-1.2M
CS- 924K
AG-924K
KDF boss-924K
PS- 765K
MPs- 621K
Senators-621k
Women Reps-621k
Governors sh924K
Deputy Governors-621k
MCAs-144K
No sitting and mileage allowances Mileage restructured 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: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Ericsson wrote:
CS- 924K
Governors sh924K
Minji Sweetie gets "lighter" duties via the voter but keeps her salary scale.
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Ericsson wrote:Kenya's SRC reduces MPs salaries from Sh 720,000 to 621,00 @ month.
Sitting & mileage allowance abolished.
MPs- 621K
Senators-621k
Women Reps-621k
MCAs-144K
No sitting and mileage allowances That Commission had better receive its working budget fire-walled by the Constitution. Otherwise, the second agenda, after appointment of the Respective Speakers, will be its disbanding and or damaging budget fund cuts. The final take home figure for each of those cadres shall be no less than 25% higher by the time the new team is done with the Commission. I hope I am wrong, but then this is Kenia.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Ericsson wrote:Kenya's SRC reduces MPs salaries from Sh 720,000 to 621,00 @ month. Sitting & mileage allowance abolished. Says move meant to reduce wastage
President's salary also reduced from Sh 1.6Mn to Sh 1.4Mn
New salary structures for State officers
President-1.4M
Deputy President-1.2M
CS- 924K
AG-924K
KDF boss-924K
PS- 765K
MPs- 621K
Senators-621k
Women Reps-621k
Governors sh924K
Deputy Governors-621k
MCAs-144K
No sitting and mileage allowances Though the move is wise,its not the best.The economy is about quality.It cannot be fixed by slashing salaries of state officials.They are not the problem.KRA must be probed for not attaining its targets YOY.Then let the country reduce its dependence on debts. Towards the goal of financial freedom
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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SRC...good move. But as usual Mpigs first agenda of the next parliament will be to deal with SRC.
The law of 'no sitting and mileage allowances' together with caps on 'Daily Subsistence Allowances and out of town/country trips' should be extended through out government. Then we can see the real effect.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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winston wrote:SRC...good move. But as usual Mpigs first agenda of the next parliament will be to deal with SRC.
The law of 'no sitting and mileage allowances' together with caps on 'Daily Subsistence Allowances and out of town/country trips' should be extended through out government. Then we can see the real effect. Word... possunt quia posse videntur
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