[quote=obiero]Bamburi revenues to sink deeper https://www.businessdail...50334-d4d2h0/index.html[/quote]

Na bado iko mtu denying that the kenyan economy is not in recession

Your way of looking at it is wrong, for example there has been huge jams of late but Kenya Bureau of statistics show that overall consumption of fuel is down 25% since the tax increase, same way
some areas are experiencing a construction boom but counties are broke so no cabro roads no offices etc being built, your area might be doing fine but the country as a whole construction is on a decline.
The big projects you mention are past the cement (concrete stage eg the SGR pillars and T beams are already mostly cast, same for Lamu port, the rest of our projects are not cement intensive.

What I learned in statistics is that data can never be disputed unless contrary data is available.. Not hearsay or emotions

[quote=obiero]Bamburi revenues to sink deeper https://www.businessdail...50334-d4d2h0/index.html[/quote]


Removing the stupid interest capping law would help the ssituation but we love politics too much and right now we can blame banks for our misdeeds.

Bamburi should wake up and smell the coffee. Wanjiku is busy constructing using Simba and Mombasa cement.

COST OF petrol up Sh2.38 to Sh118.11, diesel up Sh3.11 to Sh112.83 while kerosene to cost Sh2.99 more per litre in Nairobi in latest ERC review.

Fuel prices link...

No more kumira kumira, we are one nation Kenya working towards the Big 4 agenda for PORK UMK to secure a legacy. Economy is also red hot growing at +5% qoq. Oil iko, sgr iko, galana kulalu iko, LTWP coming online soon etc.

We are now at 103

This is peni mbili thinking
Pray tell, will KES "depreciation" affect exporters negatively? This will actual HELP the economy by making consumer imports that do not add to the productive capacity of the country (eg luxury cars) more expensive.

Based on World Bank In Kenya:

Kenya has made significant political, structural and economic reforms that have largely driven sustained economic growth, social development and political gains over the past decade. However, its key development challenges still include poverty, inequality, climate change and the vulnerability of the economy to internal and external shocks.

Kenya’s recent political reform stemmed from the passage of a new constitution in 2010 that introduced a bicameral legislative house, devolved county government, a constitutionally tenured Judiciary and electoral body. The first election was in 2013. The August 8, 2017 presidential elections were nullified on September 1, 2017 by the Supreme Court, and a new presidential election is scheduled for October 17, 2017.

Devolution remains the biggest gain from the August 2010 constitution, which ushered in a new political and economic governance system. It is transformative and has strengthened accountability and public service delivery at local levels.

While economic activity faltered following the 2008 global economic recession, growth resumed in the last three years reaching 5.8% in 2016 placing Kenya as one of the fastest growing economies in Sub-Saharan Africa. The economic expansion has been boosted by a stable macroeconomic environment, low oil prices, rebound in tourism, strong remittance inflows and a government led infrastructure development initiative.

Looking ahead, near-term GDP growth is expected to decelerate to 5.5% in 2017 because of ongoing drought, weak credit growth, security concerns and the pick-up in oil prices. Medium-term GDP growth should rebound to 5.8% in 2018 and 6.1% in 2019 respectively dependent on completion of ongoing infrastructure projects, resolution of slow credit growth, strengthening of the global economy and tourism.

In the long-term, adoption of prudent macroeconomic policies will help safeguard Kenya’s robust economic performance. This includes implementation of fiscal and monetary prudence and lowering deficit down to 4.3% by FY19/20 as per the Medium Term Fiscal Framework. The fiscal consolidation needs to avoid compromising public investments in critical infrastructure key to unlocking the economy’s productive capacity.

In addition to aligning fostering economic development through the country’s development agenda to the long-term development plan; Vision 2030, the President in December outlined the “Big Four” development priority areas for his final term as President. The Big Four will prioritize manufacturing, universal healthcare, affordable housing and food security. Social Development

Kenya has met some Millennium Development Goals (MDGs) targets, including reduced child mortality, near universal primary school enrolment, and narrowed gender gaps in education. Interventions and increased spending on health and education are paying dividends. While the healthcare system has faced challenges recently, devolved health care and free maternal health care at all public health facilities will improve health care outcomes and develop a more equitable health care system.

Kenya has the potential to be one of Africa’s success stories from its growing youthful population, a dynamic private sector, highly skilled workforce, improved infrastructure, a new constitution, and its pivotal role in East Africa. Addressing the challenges of poverty, inequality, governance, the skills gap between market requirements and the education curriculum, climate change, low investment and low firm productivity to achieve rapid, sustained growth rates that will transform lives of ordinary citizens, will be a major goal for Kenya.