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Kenya Economy Watch
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Cde Monomotapa
#1851 Posted : Friday, October 05, 2018 10:51:39 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
rwitre wrote:
[quote=Cde Monomotapa]Sanford $ Son: NSE corporate Kenya junk promoters.

Stockbrokers suffer losses after activity dips at NSE http://www.theeastafrica...3794-ml43uaz/index.html

Investors blame taxes for foreign exits at the bourse https://www.nation.co.ke...91910-ictiby/index.html[/quote]

The bear that began towards end of 2014 was triggered by treasury wanting to introduce capital gains tax on the NSE. Since then it has been a downward spiral. From electioneering period, skyrocketing debt, interest rate cap, and now low liquidity in the economy and taxes everywhere. Treasury mandarins keep chest-thumping that we're on the right course. It's sad really.


Let them eat GDP!
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obiero
#1852 Posted : Friday, October 05, 2018 11:06:59 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,329
Location: nairobi
Cde Monomotapa wrote:
rwitre wrote:
[quote=Cde Monomotapa]Sanford $ Son: NSE corporate Kenya junk promoters.

Stockbrokers suffer losses after activity dips at NSE http://www.theeastafrica...3794-ml43uaz/index.html

Investors blame taxes for foreign exits at the bourse https://www.nation.co.ke...91910-ictiby/index.html[/quote]

The bear that began towards end of 2014 was triggered by treasury wanting to introduce capital gains tax on the NSE. Since then it has been a downward spiral. From electioneering period, skyrocketing debt, interest rate cap, and now low liquidity in the economy and taxes everywhere. Treasury mandarins keep chest-thumping that we're on the right course. It's sad really.


Let them eat GDP!

Unless the average voter fervently demands for better governance, calls for political accountability as well as efficient management of public resources to liberate the country from the current shackles and manacles of its power-thirsty and corrupt political elites, Kenya will remain a failed project that forever eats its own children.
COOP, IMH, KEGN, KQ, MTNU
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maka
#1853 Posted : Saturday, October 06, 2018 2:18:20 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
obiero wrote:
Cde Monomotapa wrote:
rwitre wrote:
[quote=Cde Monomotapa]Sanford $ Son: NSE corporate Kenya junk promoters.

Stockbrokers suffer losses after activity dips at NSE http://www.theeastafrica...3794-ml43uaz/index.html

Investors blame taxes for foreign exits at the bourse https://www.nation.co.ke...91910-ictiby/index.html[/quote]

The bear that began towards end of 2014 was triggered by treasury wanting to introduce capital gains tax on the NSE. Since then it has been a downward spiral. From electioneering period, skyrocketing debt, interest rate cap, and now low liquidity in the economy and taxes everywhere. Treasury mandarins keep chest-thumping that we're on the right course. It's sad really.


Let them eat GDP!

Unless the average voter fervently demands for better governance, calls for political accountability as well as efficient management of public resources to liberate the country from the current shackles and manacles of its power-thirsty and corrupt political elites, Kenya will remain a failed project that forever eats its own children.


Well said...
possunt quia posse videntur
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obiero
#1854 Posted : Wednesday, October 10, 2018 12:28:05 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,329
Location: nairobi
COOP, IMH, KEGN, KQ, MTNU
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Angelica _ann
#1855 Posted : Wednesday, October 10, 2018 1:05:52 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,939
obiero wrote:


@Obiero thanks for this. Fellows stop whining about the economy & join the money minters.
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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Dennis D. Adams
#1856 Posted : Wednesday, October 10, 2018 1:30:02 PM
Rank: Hello

Joined: 10/10/2018
Posts: 1
Location: United State
Thanks buddy its really knowledgeable thread.
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Horton
#1857 Posted : Wednesday, October 10, 2018 2:08:52 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi



I guess those of us β€œwhining” are not in that category πŸ˜†πŸ˜† hence the whining πŸ˜†πŸ˜†
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obiero
#1858 Posted : Wednesday, October 10, 2018 2:15:18 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,329
Location: nairobi
Angelica _ann wrote:
obiero wrote:


@Obiero thanks for this. Fellows stop whining about the economy & join the money minters.

Actually it's proof that corruption is happening on a massive scale by a clique of connected individuals. I personally have increased my family wealth over the stated period but I am aware of many people who have lost jobs, lost livelihoods, corporate companies that went under or are barely surviving..
COOP, IMH, KEGN, KQ, MTNU
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the deal
#1859 Posted : Wednesday, October 10, 2018 6:01:53 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
obiero wrote:
Angelica _ann wrote:
obiero wrote:


@Obiero thanks for this. Fellows stop whining about the economy & join the money minters.

Actually it's proof that corruption is happening on a massive scale by a clique of connected individuals. I personally have increased my family wealth over the stated period but I am aware of many people who have lost jobs, lost livelihoods, corporate companies that went under or are barely surviving..


Agreed @Obiero... The barometer is corporate earnings at the NSE... Given by recent interim earnings reports... NSE companies are barely surviving... So which sector are these super richs being minted from? Real Estate? Banking? Aviation? The corruption sector of course... It's very lucrative... Take for example Kenya Power can report a loss yet some jamas in that financial year became super rich by selling faulty transformers lol

.. A huge chunk of the Kenyan budget flows into individual pockets each year thus minting new millionaires...

I say NSE companies because..

1. Deep pockets
2. Talent
3. Corporate history
4. Super brands
5. Monopolies
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rwitre
#1860 Posted : Thursday, October 11, 2018 2:28:34 PM
Rank: Member

Joined: 3/8/2018
Posts: 507
Location: Nairobi
the deal wrote:
obiero wrote:
Angelica _ann wrote:
obiero wrote:


@Obiero thanks for this. Fellows stop whining about the economy & join the money minters.

Actually it's proof that corruption is happening on a massive scale by a clique of connected individuals. I personally have increased my family wealth over the stated period but I am aware of many people who have lost jobs, lost livelihoods, corporate companies that went under or are barely surviving..


Agreed @Obiero... The barometer is corporate earnings at the NSE... Given by recent interim earnings reports... NSE companies are barely surviving... So which sector are these super richs being minted from? Real Estate? Banking? Aviation? The corruption sector of course... It's very lucrative... Take for example Kenya Power can report a loss yet some jamas in that financial year became super rich by selling faulty transformers lol

.. A huge chunk of the Kenyan budget flows into individual pockets each year thus minting new millionaires...

I say NSE companies because..

1. Deep pockets
2. Talent
3. Corporate history
4. Super brands
5. Monopolies


Stealing as though they will live forever. Greed and gluttony Shame on you Shame on you
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