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Kenya Economy Watch
Rank: Veteran Joined: 7/1/2014 Posts: 904 Location: sky
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just stumbled on this as I was preparing to sleep https://www.kenya-today.com/opinion/dear-china-we-will-not-pay-funds-loaned-kenya-under-jubilee-promise-will-enforce/ampFor the rest of us, this truth remains. We cannot pay this debt. We must not pay it. And maybe if we said it loud enough, this government will stop gambling with our lives. Forget what the titled professionals tell you about economic theories and whatever else. Justice demands that we cannot, and should not, pay back any loans incurred by Muigai and Rotich. Let them pay back that money from their own pockets. There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Elder Joined: 6/23/2009 Posts: 13,555 Location: nairobi
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Hahaha
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,555 Location: nairobi
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Thitifini wrote:pops wrote:Why is the executive so silent on these key matters such as VAT on fuel and the debt situation? It's been over a week now. They know we are screwed whichever lane we take.  It will actually be worse if the fuel tax is reversed.. Wacha tupambane na hali
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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obiero wrote:Thitifini wrote:pops wrote:Why is the executive so silent on these key matters such as VAT on fuel and the debt situation? It's been over a week now. They know we are screwed whichever lane we take. It will actually be worse if the fuel tax is reversed.. Wacha tupambane na hali Fuel tax be reversed, let it be worse so that next time kenyans know that choices have consequences. When the money was being stolen and wasted they were celebrating Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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Ericsson wrote:obiero wrote:Thitifini wrote:pops wrote:Why is the executive so silent on these key matters such as VAT on fuel and the debt situation? It's been over a week now. They know we are screwed whichever lane we take. It will actually be worse if the fuel tax is reversed.. Wacha tupambane na hali Fuel tax be reversed, let it be worse so that next time kenyans know that choices have consequences. When the money was being stolen and wasted they were celebrating it should be reversed. it's worse than the IMF conditions. tuko pamoja. punda amecheka
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Ericsson wrote:obiero wrote:Thitifini wrote:pops wrote:Why is the executive so silent on these key matters such as VAT on fuel and the debt situation? It's been over a week now. They know we are screwed whichever lane we take. It will actually be worse if the fuel tax is reversed.. Wacha tupambane na hali Fuel tax be reversed, let it be worse so that next time kenyans know that choices have consequences. When the money was being stolen and wasted they were celebrating This one will really poke watu wa tangatanga express huko mashinani. I almost thing some of these are sabotage. 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: Veteran Joined: 9/21/2011 Posts: 2,032
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Angelica _ann wrote:Ericsson wrote:obiero wrote:Thitifini wrote:pops wrote:Why is the executive so silent on these key matters such as VAT on fuel and the debt situation? It's been over a week now. They know we are screwed whichever lane we take. It will actually be worse if the fuel tax is reversed.. Wacha tupambane na hali Fuel tax be reversed, let it be worse so that next time kenyans know that choices have consequences. When the money was being stolen and wasted they were celebrating This one will really poke watu wa tangatanga express huko mashinani. I almost thing some of these are sabotage. Hiyo tax itolewe waweze kutumia bongo. And why make IMF keep 100b idle forever?
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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https://www.businessdail...53784-mqdh0s/index.html
Shrinking company profits and employee layoffs by struggling firms slashed the taxman’s revenue projection by Sh68.6 billion last year, a new Treasury report has shown. The two tax categories contributed the most to Kenya Revenue Authority’s (KRA) Sh124.6 billion total shortfall for the 2017/18 financial year, according to the Treasury data released early this month. KRA collected Sh1.36 trillion in the year, falling below the Sh1.49 trillion target. Total revenue collection, including fees and penalties levied by government ministries, hit Sh1.49 trillion last year against a target of Sh1.66 trillion. The revenue shortfall raises concerns as to whether the government can raise up to Sh1.949 trillion projected in the current (2018/19) financial year – a 17.5 per cent increase from last year’s target. Income tax paid by salaried workers in form of Pay As You Earn (PAYE) fell Sh29.2 billion short of target, as “other” income taxes including those paid by companies were Sh39.5 billion short of target. Revenue collected within ministries and grants from donors (described as appropriations-in-aid or A-I-A) also fell short of target by Sh47.8 billion. Excise duty, which is payable on consumer goods, raised Sh179.4 billion that was Sh16.9 billion below projection, valued added tax (both local and on imports) was below target by Sh21.2 billion while expected investment income was Sh7.4 billion short. 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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https://www.standardmedi...kenya-miss-imf-facility
Kenyans might have to reconsider their opposition to the 16 per cent value-added tax (VAT) on petroleum products as the alternative might be a financial crisis whose effects will be more painful than those of the punitive tax measure being pushed by the IMF. For example, Financial Standard, has learnt that should the Government fall out with the IMF for failing to meet commitments it made to the lender, some of the bondholders of the $2 billion (Sh200 billion) Eurobond Note will be at liberty to immediately recall outstanding interests and principals, throwing the country into a tailspin. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,555 Location: nairobi
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Ericsson wrote:https://www.standardmedia.co.ke/business/article/2001295244/looming-economic-meltdown-should-kenya-miss-imf-facility
Kenyans might have to reconsider their opposition to the 16 per cent value-added tax (VAT) on petroleum products as the alternative might be a financial crisis whose effects will be more painful than those of the punitive tax measure being pushed by the IMF. For example, Financial Standard, has learnt that should the Government fall out with the IMF for failing to meet commitments it made to the lender, some of the bondholders of the $2 billion (Sh200 billion) Eurobond Note will be at liberty to immediately recall outstanding interests and principals, throwing the country into a tailspin.
The fuel tax must remain
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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obiero wrote:Ericsson wrote:https://www.standardmedia.co.ke/business/article/2001295244/looming-economic-meltdown-should-kenya-miss-imf-facility
Kenyans might have to reconsider their opposition to the 16 per cent value-added tax (VAT) on petroleum products as the alternative might be a financial crisis whose effects will be more painful than those of the punitive tax measure being pushed by the IMF. For example, Financial Standard, has learnt that should the Government fall out with the IMF for failing to meet commitments it made to the lender, some of the bondholders of the $2 billion (Sh200 billion) Eurobond Note will be at liberty to immediately recall outstanding interests and principals, throwing the country into a tailspin.
The fuel tax must remain Jubilee has destroyed what Kibaki put in place kabisa. very shameful. Yaani all economic news is negative stuff or this is deliberate. 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: 6/23/2009 Posts: 13,555 Location: nairobi
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Angelica _ann wrote:obiero wrote:Ericsson wrote:https://www.standardmedia.co.ke/business/article/2001295244/looming-economic-meltdown-should-kenya-miss-imf-facility
Kenyans might have to reconsider their opposition to the 16 per cent value-added tax (VAT) on petroleum products as the alternative might be a financial crisis whose effects will be more painful than those of the punitive tax measure being pushed by the IMF. For example, Financial Standard, has learnt that should the Government fall out with the IMF for failing to meet commitments it made to the lender, some of the bondholders of the $2 billion (Sh200 billion) Eurobond Note will be at liberty to immediately recall outstanding interests and principals, throwing the country into a tailspin.
The fuel tax must remain Jubilee has destroyed what Kibaki put in place kabisa. very shameful. Yaani all economic news is negative stuff or this is deliberate. In the law capping interest rate thread, we foretold the dilemma ahead caused by the two men. It's not yet even bad at this point. Let the big four agenda start utilizing cash ndio utajua hatujui.. Meanwhile people are buying goats worth 10m? Kukula nyama uki meza mate?
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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obiero wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:https://www.standardmedia.co.ke/business/article/2001295244/looming-economic-meltdown-should-kenya-miss-imf-facility
Kenyans might have to reconsider their opposition to the 16 per cent value-added tax (VAT) on petroleum products as the alternative might be a financial crisis whose effects will be more painful than those of the punitive tax measure being pushed by the IMF. For example, Financial Standard, has learnt that should the Government fall out with the IMF for failing to meet commitments it made to the lender, some of the bondholders of the $2 billion (Sh200 billion) Eurobond Note will be at liberty to immediately recall outstanding interests and principals, throwing the country into a tailspin.
The fuel tax must remain Jubilee has destroyed what Kibaki put in place kabisa. very shameful. Yaani all economic news is negative stuff or this is deliberate. In the law capping interest rate thread, we foretold the dilemma ahead caused by the two men. It's not yet even bad at this point. Let the big four agenda start utilizing cash ndio utajua hatujui.. Meanwhile people are buying goats worth 10m? Kukula nyama uki meza mate? Agenda changed,president said his legacy now is fighting corruption. Big 4 arap singh was to reap big through tenders and deals Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,555 Location: nairobi
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Ericsson wrote:obiero wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:https://www.standardmedia.co.ke/business/article/2001295244/looming-economic-meltdown-should-kenya-miss-imf-facility
Kenyans might have to reconsider their opposition to the 16 per cent value-added tax (VAT) on petroleum products as the alternative might be a financial crisis whose effects will be more painful than those of the punitive tax measure being pushed by the IMF. For example, Financial Standard, has learnt that should the Government fall out with the IMF for failing to meet commitments it made to the lender, some of the bondholders of the $2 billion (Sh200 billion) Eurobond Note will be at liberty to immediately recall outstanding interests and principals, throwing the country into a tailspin.
The fuel tax must remain Jubilee has destroyed what Kibaki put in place kabisa. very shameful. Yaani all economic news is negative stuff or this is deliberate. In the law capping interest rate thread, we foretold the dilemma ahead caused by the two men. It's not yet even bad at this point. Let the big four agenda start utilizing cash ndio utajua hatujui.. Meanwhile people are buying goats worth 10m? Kukula nyama uki meza mate? Agenda changed,president said his legacy now is fighting corruption. Big 4 arap singh was to reap big through tenders and deals Are you sure that the agenda changed. Did you listen to his speech in DC, and the one in China
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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obiero wrote:Ericsson wrote:obiero wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:https://www.standardmedia.co.ke/business/article/2001295244/looming-economic-meltdown-should-kenya-miss-imf-facility
Kenyans might have to reconsider their opposition to the 16 per cent value-added tax (VAT) on petroleum products as the alternative might be a financial crisis whose effects will be more painful than those of the punitive tax measure being pushed by the IMF. For example, Financial Standard, has learnt that should the Government fall out with the IMF for failing to meet commitments it made to the lender, some of the bondholders of the $2 billion (Sh200 billion) Eurobond Note will be at liberty to immediately recall outstanding interests and principals, throwing the country into a tailspin.
The fuel tax must remain Jubilee has destroyed what Kibaki put in place kabisa. very shameful. Yaani all economic news is negative stuff or this is deliberate. In the law capping interest rate thread, we foretold the dilemma ahead caused by the two men. It's not yet even bad at this point. Let the big four agenda start utilizing cash ndio utajua hatujui.. Meanwhile people are buying goats worth 10m? Kukula nyama uki meza mate? Agenda changed,president said his legacy now is fighting corruption. Big 4 arap singh was to reap big through tenders and deals Are you sure that the agenda changed. Did you listen to his speech in DC, and the one in China Wait as you watch the unfolding events 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:obiero wrote:Ericsson wrote:obiero wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:https://www.standardmedia.co.ke/business/article/2001295244/looming-economic-meltdown-should-kenya-miss-imf-facility
Kenyans might have to reconsider their opposition to the 16 per cent value-added tax (VAT) on petroleum products as the alternative might be a financial crisis whose effects will be more painful than those of the punitive tax measure being pushed by the IMF. For example, Financial Standard, has learnt that should the Government fall out with the IMF for failing to meet commitments it made to the lender, some of the bondholders of the $2 billion (Sh200 billion) Eurobond Note will be at liberty to immediately recall outstanding interests and principals, throwing the country into a tailspin.
The fuel tax must remain Jubilee has destroyed what Kibaki put in place kabisa. very shameful. Yaani all economic news is negative stuff or this is deliberate. In the law capping interest rate thread, we foretold the dilemma ahead caused by the two men. It's not yet even bad at this point. Let the big four agenda start utilizing cash ndio utajua hatujui.. Meanwhile people are buying goats worth 10m? Kukula nyama uki meza mate? Agenda changed,president said his legacy now is fighting corruption. Big 4 arap singh was to reap big through tenders and deals Are you sure that the agenda changed. Did you listen to his speech in DC, and the one in China Wait as you watch the unfolding events Remember of the tano tena, only 3 are remaining coz; one is gone and the last one we will be back to kelele ya constitution. Kenya is basically doomed. 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: Veteran Joined: 11/13/2015 Posts: 1,597
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obiero wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:https://www.standardmedia.co.ke/business/article/2001295244/looming-economic-meltdown-should-kenya-miss-imf-facility
Kenyans might have to reconsider their opposition to the 16 per cent value-added tax (VAT) on petroleum products as the alternative might be a financial crisis whose effects will be more painful than those of the punitive tax measure being pushed by the IMF. For example, Financial Standard, has learnt that should the Government fall out with the IMF for failing to meet commitments it made to the lender, some of the bondholders of the $2 billion (Sh200 billion) Eurobond Note will be at liberty to immediately recall outstanding interests and principals, throwing the country into a tailspin.
The fuel tax must remain Jubilee has destroyed what Kibaki put in place kabisa. very shameful. Yaani all economic news is negative stuff or this is deliberate. In the law capping interest rate thread, we foretold the dilemma ahead caused by the two men. It's not yet even bad at this point. Let the big four agenda start utilizing cash ndio utajua hatujui.. Meanwhile people are buying goats worth 10m? Kukula nyama uki meza mate? The interest rate cap is the one that IMF is more concerned about so the compromise will be fuel VAT delayed for 2 years but rate cap goes. If rate cap is repealed KE may gradually inflate itself out of debt.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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obiero wrote:Ericsson wrote:obiero wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:https://www.standardmedia.co.ke/business/article/2001295244/looming-economic-meltdown-should-kenya-miss-imf-facility
Kenyans might have to reconsider their opposition to the 16 per cent value-added tax (VAT) on petroleum products as the alternative might be a financial crisis whose effects will be more painful than those of the punitive tax measure being pushed by the IMF. For example, Financial Standard, has learnt that should the Government fall out with the IMF for failing to meet commitments it made to the lender, some of the bondholders of the $2 billion (Sh200 billion) Eurobond Note will be at liberty to immediately recall outstanding interests and principals, throwing the country into a tailspin.
The fuel tax must remain Jubilee has destroyed what Kibaki put in place kabisa. very shameful. Yaani all economic news is negative stuff or this is deliberate. In the law capping interest rate thread, we foretold the dilemma ahead caused by the two men. It's not yet even bad at this point. Let the big four agenda start utilizing cash ndio utajua hatujui.. Meanwhile people are buying goats worth 10m? Kukula nyama uki meza mate? Agenda changed,president said his legacy now is fighting corruption. Big 4 arap singh was to reap big through tenders and deals Are you sure that the agenda changed. Did you listen to his speech in DC, and the one in China Forget the rhetoric. Big 4 was a nonstarter from the get go. Deficit spending( partly at commercial interest rates) while increasing taxes on a shrinking tax base only takes you so far till you hit a brick wall. KE isn't too far from that predicament if not there already. There is simply no way to finance the big four. DOA. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 9/21/2011 Posts: 2,032
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Why does govt make promises to IMF they know to realise same they would have to rely on parliament? Parliament which can decline?
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Rank: New-farer Joined: 2/8/2018 Posts: 73
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It's called kicking the can down the road.
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