Wazua
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Kenya Economy Watch
Rank: Elder Joined: 2/26/2012 Posts: 15,980
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"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: 6/23/2009 Posts: 14,340 Location: nairobi
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mlennyma wrote:Horton wrote:Swenani wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:obiero wrote:jgithige wrote:KulaRaha wrote:TBH, this isn't really something to be proud of.  Former President Mzee Moi once said...There is no dignity in borrowing!! Plus the LIBOR is way below what we are offering hence the massive oversubscription. The two men will finish us @obiero So its 7.25% and 8.25% plus LIBOR No. The 7.25% is the effective rate per annum but LIBOR on USD borrowing which is the borrower currency stands at 2.4% p.a. It would be ideal for the borrowing to be rated 5% or lower as it is risk-free http://www.global-rates....-rates/libor/libor.aspx
We did well  despite the global rating downgrade, there was massive oversubscription.  So i guesss there will be a tax hike! 🤦🏾♂️ investors know lending a country is a good bet Tax hike pap! Lending to a country is good for the European investors but nasty for Kenya. Look at the corporate results being announced. Literally no company save for just 3 tier one banks has recorded double digit profit growth. Over 10,000 jobs lost in the past two years alone.. Corruption fight while positive, shall further have collateral damage in the short term via slow issuance and/or payment of LPO works to avoid getting caught up in prosecution drama. The two men will finish us COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 6/23/2009 Posts: 14,340 Location: nairobi
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The first tax has arrived, more on the way https://citizentv.co.ke/...etrol-in-nairobi-211128/ COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 6/23/2009 Posts: 14,340 Location: nairobi
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The first daily tax for all citizens has arrived, more on the way https://citizentv.co.ke/...etrol-in-nairobi-211128/ COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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[quote=obiero]The first daily tax for all citizens has arrived, more on the way https://citizentv.co.ke/...trol-in-nairobi-211128/[/quote] gava must be very broke and the barrel is heading north so the worst is yet to come "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 6/23/2009 Posts: 14,340 Location: nairobi
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mlennyma wrote:gava must be very broke and the barrel is heading north so the worst is yet to come Atleast KQ is hedging 😁 COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 12/4/2009 Posts: 10,827 Location: NAIROBI
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[quote=obiero]The first tax has arrived, more on the way https://citizentv.co.ke/...trol-in-nairobi-211128/[/quote] Additional sh.380bn loan to be signed tomorrow. Hii nchi igawanywe kila mtu apewe share yake The two boys have rubbished all gains made between 2003 and 2013 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,827 Location: NAIROBI
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obiero wrote:mlennyma wrote:gava must be very broke and the barrel is heading north so the worst is yet to come Atleast KQ is hedging 😁 If I was Mikosz I don't fuel kq planes in Kenya. I fuel them in Dubai or any other destination where fuel is cheaper Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,340 Location: nairobi
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Ericsson wrote:obiero wrote:mlennyma wrote:gava must be very broke and the barrel is heading north so the worst is yet to come Atleast KQ is hedging 😁 If I was Mikosz I don't fuel kq planes in Kenya. I fuel them in Dubai or any other destination where fuel is cheaper KQ does that on refuels from Asia or Europe. But obviously some major fuel expense will have to be done at its hub.. Noting majority of its connections are in Africa with some countries here not being worth the risk especially in terms of quality of the A1 COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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obiero wrote:mlennyma wrote:gava must be very broke and the barrel is heading north so the worst is yet to come Atleast KQ is hedging 😁 I don't know which oil marketer can agree to hedge unless the fix it at 50% highier than the market price to try their luck "Don't let the fear of losing be greater than the excitement of winning."
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