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obiero		#1461 Posted : Tuesday, July 11, 2017 9:43:32 PM
Rank: Elder Joined: 6/23/2009 Posts: 13,555 Location: nairobi		maka wrote: 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... Very true. This will assist us with cutting back some of the excesses. Here is something related, to read with high interest http://www.businessdaily...009490-37h80t/index.html HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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aemathenge		#1462 Posted : Wednesday, July 12, 2017 2:52:45 PM
Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya		obiero wrote: maka wrote: [quote=winston]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... Very true. This will assist us with cutting back some of the excesses. Here is something related, to read with high interest http://www.businessdaily...09490-37h80t/index.html[/quote] Quote: However, former Chairperson of the Commission on Revenue Allocation (CRA), Micah Cheserem, has lauded SRC’s move, but has expressed fears that MPs might oppose and change the new pay structure. Source Link: https://mahegoat.wordpress.com
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mulla		#1463 Posted : Wednesday, July 12, 2017 4:04:08 PM
Rank: Member Joined: 6/15/2013 Posts: 301		Ebenyo wrote: 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. The salary of Kenyan state officials is very high...way higher than their counterparts in the developed world. However I agree there's much more that KRA can do to catch tax cheats and reign in on their very own corrupt officials.
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Ericsson		#1464 Posted : Thursday, July 13, 2017 10:06:06 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI		http://www.businessdaily...012838-mofmrh/index.html Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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winston		#1465 Posted : Thursday, July 13, 2017 11:37:18 AM
Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi		Ericsson wrote: http://www.businessdailyafrica.com/economy/Museveni-takes-over-loan-approvals--rejects-11/3946234-4012838-mofmrh/index.html
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Ericsson		#1466 Posted : Thursday, July 13, 2017 5:46:04 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI		Capital Economics says they have concerns about the accuracy of Kenya's official GDP Data. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ebenyo		#1467 Posted : Friday, July 14, 2017 7:24:56 AM
Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale		winston wrote: Ericsson wrote: http://www.businessdailyafrica.com/economy/Museveni-takes-over-loan-approvals--rejects-11/3946234-4012838-mofmrh/index.html thats good as killing the economic growth of that country.I pity the citizens their.It means Museveni akikosana na bibi yake jioni kwa nyumba the next day in the morning hawezi approve loan yeyote. Towards the goal of financial freedom
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winston		#1468 Posted : Friday, July 14, 2017 8:13:21 AM
Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi		Ebenyo wrote: winston wrote: Ericsson wrote: http://www.businessdailyafrica.com/economy/Museveni-takes-over-loan-approvals--rejects-11/3946234-4012838-mofmrh/index.html thats good as killing the economic growth of that country.I pity the citizens their.It means Museveni akikosana na bibi yake jioni kwa nyumba the next day in the morning hawezi approve loan yeyote. Lol...ati what?
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winston		#1469 Posted : Friday, July 14, 2017 8:20:03 AM
Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi		Ericsson wrote: Capital Economics says they have concerns about the accuracy of Kenya's official GDP Data. Wouldnt be surprised...if government is the one compiling and releasing the numbers...and they have an interest in showing positive growth...as they say in crime...government has both the 'motive' and the 'means' to commit the crime of manipulating GDP numbers. On a different note, GDP numbers are largely estimates with some margin for variance. We should all be seriously concerned if the GOK GDP numbers are significantly different from estimates made by world bank, IMF et al.
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Ericsson		#1470 Posted : Saturday, July 15, 2017 11:54:46 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI		http://www.businessdaily...16138-xq2w4l/index.html What is left for the Kenyan people. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Spikes		#1471 Posted : Sunday, July 16, 2017 5:57:33 AM
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa		Ericsson wrote: http://www.businessdailyafrica.com/economy/400-Chinese-workers-sign-deal-to-run-SGR-operations/3946234-4016138-xq2w4l/index.html What is left for the Kenyan people. Ukoloni mambo leo John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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winston		#1472 Posted : Monday, July 17, 2017 11:27:01 AM
Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi		Spikes wrote: Ericsson wrote: http://www.businessdailyafrica.com/economy/400-Chinese-workers-sign-deal-to-run-SGR-operations/3946234-4016138-xq2w4l/index.html What is left for the Kenyan people. Ukoloni mambo leo Nothing surprising. I recall a clip I received where one of the political commentators said that this thing SGR stinks...His arguments were that : Feasibility was done by the Chinese; Costing was done by the Chinese; Financing was done by the Chinese; Contract for construction by the Chinese; Locomotives supplied by the Chinese; Railway to be run by....you guessed it - the Chinese. Sisemi kitu!
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Ericsson		#1473 Posted : Wednesday, July 19, 2017 6:14:16 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI		http://www.theeastafrica...21044-rx0u1s/index.html Kenya is spending a larger proportion of its revenue on paying debts than its peers Uganda, Rwanda and Ghana, international rating agency Fitch has said in its latest assessment of the economy. The agency retained the country’s rating at negative outlook, the same as its previous view late last year, and worse than the stable rating that another agency Standard & Poor’s gave the country earlier this year. The largest economy in East Africa spends 16.5 per cent of its revenue on interest payments, compared with 9.6 per cent spent by other countries with a similar credit rating. “The debt servicing costs consume an outsized portion of Kenya’s revenue. Both total debt and interest payments as a percentage of revenue, at 262 per cent and 16.5 per cent respectively, are higher than the B medians of 227 per cent and 9.6 per cent,” said Fitch. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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winston		#1474 Posted : Wednesday, July 19, 2017 7:21:57 PM
Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi		Ericsson wrote: http://www.theeastafrican.co.ke/business/Kenya-retains-negative-rating-over-rising-debt/2560-4021044-rx0u1s/index.html Kenya is spending a larger proportion of its revenue on paying debts than its peers Uganda, Rwanda and Ghana, international rating agency Fitch has said in its latest assessment of the economy. The agency retained the country’s rating at negative outlook, the same as its previous view late last year, and worse than the stable rating that another agency Standard & Poor’s gave the country earlier this year. The largest economy in East Africa spends 16.5 per cent of its revenue on interest payments, compared with 9.6 per cent spent by other countries with a similar credit rating. “The debt servicing costs consume an outsized portion of Kenya’s revenue. Both total debt and interest payments as a percentage of revenue, at 262 per cent and 16.5 per cent respectively, are higher than the B medians of 227 per cent and 9.6 per cent,” said Fitch. Living dangerously
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Ericsson		#1475 Posted : Wednesday, July 19, 2017 9:59:29 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI		winston wrote: Spikes wrote: Ericsson wrote: http://www.businessdailyafrica.com/economy/400-Chinese-workers-sign-deal-to-run-SGR-operations/3946234-4016138-xq2w4l/index.html What is left for the Kenyan people. Ukoloni mambo leo Nothing surprising. I recall a clip I received where one of the political commentators said that this thing SGR stinks...His arguments were that : Feasibility was done by the Chinese; Costing was done by the Chinese; Financing was done by the Chinese; Contract for construction by the Chinese; Locomotives supplied by the Chinese; Railway to be run by....you guessed it - the Chinese. Sisemi kitu! Chinese workers employed in Kenya's SGR as sweepers/cleaners are paid a monthly salary of Ksh 78,000 Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#1476 Posted : Wednesday, July 19, 2017 11:56:47 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI		The proportion of Kenya's budget going to welfare programs is rising fast at national and county level Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#1477 Posted : Thursday, July 20, 2017 10:13:24 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI		http://af.reuters.com/ar...itiesNews/idAFL5N1KB6GA Kenya collected taxes of 1.365 trillion shillings ($13.15 billion) in the fiscal year that ended last month, setting a new record high but missing the target by 9 percent, the revenue agency said on Thursday. The data released by the Kenya Revenue Authority (KRA) showed the collection rose 13.8 percent from the previous year but still fell short of the target set by the government of 1.5 trillion shillings. Collections grew across all tax segments, KRA said in a statement. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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maka		#1478 Posted : Monday, July 24, 2017 6:52:26 PM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		Ericsson wrote: Capital Economics says they have concerns about the accuracy of Kenya's official GDP Data. possunt quia posse videntur
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winston		#1479 Posted : Tuesday, July 25, 2017 9:03:47 PM
Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi		Ericsson wrote: winston wrote: Spikes wrote: Ericsson wrote: http://www.businessdailyafrica.com/economy/400-Chinese-workers-sign-deal-to-run-SGR-operations/3946234-4016138-xq2w4l/index.html What is left for the Kenyan people. Ukoloni mambo leo Nothing surprising. I recall a clip I received where one of the political commentators said that this thing SGR stinks...His arguments were that : Feasibility was done by the Chinese; Costing was done by the Chinese; Financing was done by the Chinese; Contract for construction by the Chinese; Locomotives supplied by the Chinese; Railway to be run by....you guessed it - the Chinese. Sisemi kitu! Chinese workers employed in Kenya's SGR as sweepers/cleaners are paid a monthly salary of Ksh 78,000 Eish! Ati what? Ok...who owns Kenya? Iko na wenyewe au wachineywe?
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Ericsson		#1480 Posted : Saturday, August 26, 2017 9:36:58 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI		http://kenyanwallstreet....mbasa-port-road-project The Japanese Government has signed an agreement to loan the government of Kenya Kshs 11.8 Billion to finance the second phase of the Mombasa Port Area Road Development Project Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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