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Kenya Economy Watch
Angelica _ann
#1781 Posted : Tuesday, September 11, 2018 7:45:41 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
limanika wrote:
Why does govt make promises to IMF they know to realise same they would have to rely on parliament? Parliament which can decline?


Because at that point, they knew they had tyranny that they would control at a whimper. They didn't anticipate the 'temporary unity and calmness smile ' being experienced in parliament an Kenya? today. You will see soon, the system will be upset to return it to status quo in order to have centres of blame games and finger pointing.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
mikanjoroge
#1782 Posted : Tuesday, September 11, 2018 7:50:02 PM
Rank: New-farer


Joined: 6/13/2016
Posts: 47
Location: kenya
limanika wrote:
Why does govt make promises to IMF they know to realise same they would have to rely on parliament? Parliament which can decline?


Cause when you have thieves in government negotiating on our behalf and money is being dangled, they will agree to any conditions. Damn the consequences.
limanika
#1783 Posted : Tuesday, September 11, 2018 8:25:57 PM
Rank: Veteran


Joined: 9/21/2011
Posts: 2,032
mikanjoroge wrote:
limanika wrote:
Why does govt make promises to IMF they know to realise same they would have to rely on parliament? Parliament which can decline?


Cause when you have thieves in government negotiating on our behalf and money is being dangled, they will agree to any conditions. Damn the consequences.


When you make promise you know you don't have 100% capacity to fulfill, that's what we call living a lie.

And who, when you haven't paid rent, takes the only cash at hand and goes on holiday? That's what we're doing ---spending 10's of billions tarmacking village cattle tracks just coz people are obsessed with tarmac, yet you will strain to count 10 vehicles down that road in a whole day, building electricity infrastructure in every nook and cranny just to light homes yet people could still survive with kerosene lamps if the pending debts were paid first..the list could go on
RIEK01
#1784 Posted : Tuesday, September 11, 2018 8:27:56 PM
Rank: New-farer


Joined: 2/8/2018
Posts: 73
Very true, free advice, it's time to take care of yourselves.....
muandiwambeu
#1785 Posted : Tuesday, September 11, 2018 8:56:14 PM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,247
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.Sad

It will actually be worse if the fuel tax is reversed.. Wacha tupambane na hali

For once and after lengthy self introspect I agree with you Gentleman. I am also able to note that it would have been better to to impose that tax in a different category, let say petrol base rate since the Government would have an hand to moderate it appropriately to manage inflation, this taxable base item being a dominant inflationary factor,and also equitable and distributable.
,Behold, a sower went forth to sow;....
muandiwambeu
#1786 Posted : Tuesday, September 11, 2018 9:02:35 PM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,247
muandiwambeu 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.Sad

It will actually be worse if the fuel tax is reversed.. Wacha tupambane na hali

For once and after lengthy self introspect I agree with you Gentleman. I am also able to note that it would have been better to to impose that tax in a different category, let say petrol base rate since the Government would have an hand to moderate it appropriately to manage inflation, this taxable base item being a dominant inflationary factor,and also equitable and distributable.

,,,Fair comparing to cbk interest rate that is teribly ipoignant and mainly to few creators of capital/ investor equivalent to punishing hard work
,Behold, a sower went forth to sow;....
obiero
#1787 Posted : Wednesday, September 12, 2018 6:53:26 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,556
Location: nairobi
The one positive in all this crisis is that WSR is loosing capacity to even offer himself for the biggest job in the land.. I doubt Kenyans will have the stomach to issue him with the green light to state house. I pray for peace in 2022

COOP 70,000 ABP 15.20; HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
KulaRaha
#1788 Posted : Wednesday, September 12, 2018 7:55:55 AM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
limanika wrote:
mikanjoroge wrote:
limanika wrote:
Why does govt make promises to IMF they know to realise same they would have to rely on parliament? Parliament which can decline?


Cause when you have thieves in government negotiating on our behalf and money is being dangled, they will agree to any conditions. Damn the consequences.


When you make promise you know you don't have 100% capacity to fulfill, that's what we call living a lie.

And who, when you haven't paid rent, takes the only cash at hand and goes on holiday? That's what we're doing ---spending 10's of billions tarmacking village cattle tracks just coz people are obsessed with tarmac, yet you will strain to count 10 vehicles down that road in a whole day, building electricity infrastructure in every nook and cranny just to light homes yet people could still survive with kerosene lamps if the pending debts were paid first..the list could go on


This, my fren, is the only way to steal...give the people infrastructure they dont need!
Business opportunities are like buses,there's always another one coming
limanika
#1789 Posted : Wednesday, September 12, 2018 8:04:16 AM
Rank: Veteran


Joined: 9/21/2011
Posts: 2,032
obiero wrote:
The one positive in all this crisis is that WSR is loosing capacity to even offer himself for the biggest job in the land.. I doubt Kenyans will have the stomach to issue him with the green light to state house. I pray for peace in 2022


Every time he takes the podium and says 'we have tarmacked so many KM of roads, we have given counties so much, we have connected electricity, we have set aside so much to do this and that, blah, blah I wonder whether these people ever sit back to take stock of whether kenyans are getting value for money, or it's just a pedestrian way to hoodwink the ever gullible public, consequences not withstanding.

Looking back with hindsight, it seems Kibaki was near genius in public finance management. With the current crop, only PK would come a close second. But he's outside the arena.
limanika
#1790 Posted : Wednesday, September 12, 2018 8:11:18 AM
Rank: Veteran


Joined: 9/21/2011
Posts: 2,032
KulaRaha wrote:
limanika wrote:
mikanjoroge wrote:
limanika wrote:
Why does govt make promises to IMF they know to realise same they would have to rely on parliament? Parliament which can decline?


Cause when you have thieves in government negotiating on our behalf and money is being dangled, they will agree to any conditions. Damn the consequences.


When you make promise you know you don't have 100% capacity to fulfill, that's what we call living a lie.

And who, when you haven't paid rent, takes the only cash at hand and goes on holiday? That's what we're doing ---spending 10's of billions tarmacking village cattle tracks just coz people are obsessed with tarmac, yet you will strain to count 10 vehicles down that road in a whole day, building electricity infrastructure in every nook and cranny just to light homes yet people could still survive with kerosene lamps if the pending debts were paid first..the list could go on


This, my fren, is the only way to steal...give the people infrastructure they dont need!

This is what you get when you give politicians with zero skill in public finance to manage the economy. They just do expensive projects that excite the public. They dont bother to do proper feasibility, they do not pause to consider whether there were more effective ways to spend the money to generate real wealth
mlennyma
#1791 Posted : Wednesday, September 12, 2018 8:40:32 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
obiero wrote:
The one positive in all this crisis is that WSR is loosing capacity to even offer himself for the biggest job in the land.. I doubt Kenyans will have the stomach to issue him with the green light to state house. I pray for peace in 2022

God forbid that disaster,if kenya doesn't change the regime in 2022 we will sink because even reaching 2022 looks very dark
"Don't let the fear of losing be greater than the excitement of winning."
wukan
#1792 Posted : Wednesday, September 12, 2018 9:53:09 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,597
limanika wrote:
obiero wrote:
The one positive in all this crisis is that WSR is loosing capacity to even offer himself for the biggest job in the land.. I doubt Kenyans will have the stomach to issue him with the green light to state house. I pray for peace in 2022


Every time he takes the podium and says 'we have tarmacked so many KM of roads, we have given counties so much, we have connected electricity, we have set aside so much to do this and that, blah, blah I wonder whether these people ever sit back to take stock of whether kenyans are getting value for money, or it's just a pedestrian way to hoodwink the ever gullible public, consequences not withstanding.

Looking back with hindsight, it seems Kibaki was near genius in public finance management. With the current crop, only PK would come a close second. But he's outside the arena.


d'oh! d'oh! Kibaki was a terrible finance minister btw 1969-1982. Most of kenya disastrous economic policies were initiated during this time import substitution, forex control,he presided over the most reckless spending 76-78 which a took a decade to recover from. The most genius move of the Moi era was removing kibaki from the finance ministry. It helped roll back his disastrous economic policies. Let's not glorify the man too muchsmile
littledove
#1793 Posted : Wednesday, September 12, 2018 10:26:56 AM
Rank: Veteran


Joined: 7/1/2014
Posts: 904
Location: sky
mlennyma wrote:
obiero wrote:
The one positive in all this crisis is that WSR is loosing capacity to even offer himself for the biggest job in the land.. I doubt Kenyans will have the stomach to issue him with the green light to state house. I pray for peace in 2022

God forbid that disaster,if kenya doesn't change the regime in 2022 we will sink because even reaching 2022 looks very dark

I have voted 3 times now,it is highly unlikely that I will vote in 2022 if we will be choosing between the same politicians, I Will look for a good movie and spend the day watching
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
obiero
#1794 Posted : Wednesday, September 12, 2018 11:12:16 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,556
Location: nairobi
littledove wrote:
mlennyma wrote:
obiero wrote:
The one positive in all this crisis is that WSR is loosing capacity to even offer himself for the biggest job in the land.. I doubt Kenyans will have the stomach to issue him with the green light to state house. I pray for peace in 2022

God forbid that disaster,if kenya doesn't change the regime in 2022 we will sink because even reaching 2022 looks very dark

I have voted 3 times now,it is highly unlikely that I will vote in 2022 if we will be choosing between the same politicians, I Will look for a good movie and spend the day watching

Shame. You should at least vote ata ikiibiwa at least you tried

COOP 70,000 ABP 15.20; HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
littledove
#1795 Posted : Wednesday, September 12, 2018 11:23:26 AM
Rank: Veteran


Joined: 7/1/2014
Posts: 904
Location: sky
obiero wrote:
littledove wrote:
mlennyma wrote:
obiero wrote:
The one positive in all this crisis is that WSR is loosing capacity to even offer himself for the biggest job in the land.. I doubt Kenyans will have the stomach to issue him with the green light to state house. I pray for peace in 2022

God forbid that disaster,if kenya doesn't change the regime in 2022 we will sink because even reaching 2022 looks very dark

I have voted 3 times now,it is highly unlikely that I will vote in 2022 if we will be choosing between the same politicians, I Will look for a good movie and spend the day watching

Shame. You should at least vote ata ikiibiwa at least you tried

for who? you can imagine a situation where we have ruto, kalonzo, joho for odm, musalia and weta, and there is no political wave towards new minorities who usually get less than 100k, then I wake up at 5am to queue No way let it be a shame
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
Angelica _ann
#1796 Posted : Wednesday, September 12, 2018 11:38:06 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
littledove wrote:
obiero wrote:
littledove wrote:
mlennyma wrote:
obiero wrote:
The one positive in all this crisis is that WSR is loosing capacity to even offer himself for the biggest job in the land.. I doubt Kenyans will have the stomach to issue him with the green light to state house. I pray for peace in 2022

God forbid that disaster,if kenya doesn't change the regime in 2022 we will sink because even reaching 2022 looks very dark

I have voted 3 times now,it is highly unlikely that I will vote in 2022 if we will be choosing between the same politicians, I Will look for a good movie and spend the day watching

Shame. You should at least vote ata ikiibiwa at least you tried

for who? you can imagine a situation where we have ruto, kalonzo, joho for odm, musalia and weta, and there is no political wave towards new minorities who usually get less than 100k, then I wake up at 5am to queue No way let it be a shame


Three times, 3? Okay sisi tuliaiza na mlolongo (with those ugly big IDs) and we are we are still going strong. Keep on going until we get it right.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
obiero
#1797 Posted : Wednesday, September 12, 2018 1:24:26 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,556
Location: nairobi
wukan wrote:
limanika wrote:
obiero wrote:
The one positive in all this crisis is that WSR is loosing capacity to even offer himself for the biggest job in the land.. I doubt Kenyans will have the stomach to issue him with the green light to state house. I pray for peace in 2022


Every time he takes the podium and says 'we have tarmacked so many KM of roads, we have given counties so much, we have connected electricity, we have set aside so much to do this and that, blah, blah I wonder whether these people ever sit back to take stock of whether kenyans are getting value for money, or it's just a pedestrian way to hoodwink the ever gullible public, consequences not withstanding.

Looking back with hindsight, it seems Kibaki was near genius in public finance management. With the current crop, only PK would come a close second. But he's outside the arena.


d'oh! d'oh! Kibaki was a terrible finance minister btw 1969-1982. Most of kenya disastrous economic policies were initiated during this time import substitution, forex control,he presided over the most reckless spending 76-78 which a took a decade to recover from. The most genius move of the Moi era was removing kibaki from the finance ministry. It helped roll back his disastrous economic policies. Let's not glorify the man too muchsmile

The politics of the time could not allow him to prosper. His intelligence level is diarized at both Makerere and LSE. The best president Africa has ever been gifted

COOP 70,000 ABP 15.20; HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
limanika
#1798 Posted : Wednesday, September 12, 2018 2:29:27 PM
Rank: Veteran


Joined: 9/21/2011
Posts: 2,032
wukan wrote:
limanika wrote:
obiero wrote:
The one positive in all this crisis is that WSR is loosing capacity to even offer himself for the biggest job in the land.. I doubt Kenyans will have the stomach to issue him with the green light to state house. I pray for peace in 2022


Every time he takes the podium and says 'we have tarmacked so many KM of roads, we have given counties so much, we have connected electricity, we have set aside so much to do this and that, blah, blah I wonder whether these people ever sit back to take stock of whether kenyans are getting value for money, or it's just a pedestrian way to hoodwink the ever gullible public, consequences not withstanding.

Looking back with hindsight, it seems Kibaki was near genius in public finance management. With the current crop, only PK would come a close second. But he's outside the arena.


d'oh! d'oh! Kibaki was a terrible finance minister btw 1969-1982. Most of kenya disastrous economic policies were initiated during this time import substitution, forex control,he presided over the most reckless spending 76-78 which a took a decade to recover from. The most genius move of the Moi era was removing kibaki from the finance ministry. It helped roll back his disastrous economic policies. Let's not glorify the man too muchsmile

I doubt you have checked your facts. Mo1 inherited a vibrant economy in 1978. By the time he left in 2002, it was in ICU. Kibaki resuscitated it and by the time he left, it had improved and discharged from hospital. As we speak, it's like the economy is back into general ward, thanks to mo1 students
obiero
#1799 Posted : Wednesday, September 12, 2018 7:06:20 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,556
Location: nairobi
muandiwambeu 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.Sad

It will actually be worse if the fuel tax is reversed.. Wacha tupambane na hali

For once and after lengthy self introspect I agree with you Gentleman. I am also able to note that it would have been better to to impose that tax in a different category, let say petrol base rate since the Government would have an hand to moderate it appropriately to manage inflation, this taxable base item being a dominant inflationary factor,and also equitable and distributable.

Let me leave this here https://www.businessdail...755584-kwm550/index.html

COOP 70,000 ABP 15.20; HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
rwitre
#1800 Posted : Wednesday, September 12, 2018 7:11:07 PM
Rank: Member


Joined: 3/8/2018
Posts: 507
Location: Nairobi
obiero wrote:
muandiwambeu 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.Sad

It will actually be worse if the fuel tax is reversed.. Wacha tupambane na hali

For once and after lengthy self introspect I agree with you Gentleman. I am also able to note that it would have been better to to impose that tax in a different category, let say petrol base rate since the Government would have an hand to moderate it appropriately to manage inflation, this taxable base item being a dominant inflationary factor,and also equitable and distributable.

Let me leave this here https://www.businessdail...55584-kwm550/index.html


By the way do we still have middle-income country status? Ama ata hiyo imeenda
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