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Rank: Elder Joined: 6/23/2009 Posts: 14,329 Location: nairobi
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rwitre wrote: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.  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 Additional job losses inevitably on the way to add onto the over 20,000 who fell off the salaried income line last year https://www.businessdail...p/539546-4753784-mqdh0s/ COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 3/19/2010 Posts: 3,505 Location: Uganda
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Rank: Elder Joined: 12/4/2009 Posts: 10,822 Location: NAIROBI
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UPDATE 1-Kenya says IMF stand-by deal over, will continue engaging with the fundNAIROBI, Sept 13 (Reuters) - Kenya’s stand-by arrangement with the International Monetary Fund has expired, Finance Minister Henry Rotich said on Thursday but the country will continue to talk to the Fund. Kenya had secured a six-month extension for its stand-by credit arrangement of $989.8 million from the International Monetary Fund in March, which was due to expire in mid-September. “Yes, the program has ended,” Rotich told reporters, when asked about the IMF stand-by arrangement. “We will continue engaging the fund going forward,” he added. The Finance Ministry’s Principal Secretary Kamau Thugge had said earlier on Thursday that not having an IMF precautionary arrangement would not hurt the economy. Kenya had not drawn on the precautionary arrangement last year despite a drought, Thugge said. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Ericsson wrote:UPDATE 1-Kenya says IMF stand-by deal over, will continue engaging with the fund
NAIROBI, Sept 13 (Reuters) - Kenya’s stand-by arrangement with the International Monetary Fund has expired, Finance Minister Henry Rotich said on Thursday but the country will continue to talk to the Fund.
Kenya had secured a six-month extension for its stand-by credit arrangement of $989.8 million from the International Monetary Fund in March, which was due to expire in mid-September.
“Yes, the program has ended,” Rotich told reporters, when asked about the IMF stand-by arrangement. “We will continue engaging the fund going forward,” he added.
The Finance Ministry’s Principal Secretary Kamau Thugge had said earlier on Thursday that not having an IMF precautionary arrangement would not hurt the economy.
Kenya had not drawn on the precautionary arrangement last year despite a drought, Thugge said. And the market did too have a say, 27 counters into and majority slipping with significant margins into the red, 8 counters barely afloat into the green, and the rest MIA. You could now as well, review your position accordingly. ,Behold, a sower went forth to sow;....
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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Uhuru rejects the finance bill and sends it back to parliament. VAT on fuel to remain
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Rank: Elder Joined: 6/23/2009 Posts: 14,329 Location: nairobi
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Liv wrote:Uhuru rejects the finance bill and sends it back to parliament. VAT on fuel to remain
There was never going to be another option COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:Liv wrote:Uhuru rejects the finance bill and sends it back to parliament. VAT on fuel to remain
There was never going to be another option Yep... possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 14,329 Location: nairobi
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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 Rejected! Watch what? The fuel tax was never going to be dropped. I speak to the president regularly COOP, IMH, KEGN, KQ, MTNU
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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http://www.imf.org/exter...,ADVEC,WEOWORLD,KEN,AFQ
Looking at the excel on the imf website. Where’s the beef? Our loan:gdp has followed a similar path since 2002 with a few exceptions
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