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Kenya Economy Watch
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maka
#1941 Posted : Thursday, November 15, 2018 1:18:57 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Swenani wrote:
MugundaMan wrote:
KulaRaha wrote:
KES depreciation is gonna hurt everyone...given how we are reliant on imports.

Also, I think our foreign debt has gone up by around 50B from this move to 102.80.

Kumira kumira....


This is peni mbili thinking Laughing out loudly
Pray tell, will KES "depreciation" affect exporters negatively? smile 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.




Key word....
possunt quia posse videntur
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Ericsson
#1942 Posted : Thursday, November 15, 2018 1:35:16 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,798
Location: NAIROBI
Kenya Shilling weakens to 104.080 against the USD
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#1943 Posted : Thursday, November 15, 2018 2:29:20 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,929
maka wrote:
Swenani wrote:
MugundaMan wrote:
KulaRaha wrote:
KES depreciation is gonna hurt everyone...given how we are reliant on imports.

Also, I think our foreign debt has gone up by around 50B from this move to 102.80.

Kumira kumira....


This is peni mbili thinking Laughing out loudly
Pray tell, will KES "depreciation" affect exporters negatively? smile 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.




Key word....


You had to highlight in red and bold for faky red hoooooot Laughing out loudly Laughing out loudly Laughing out loudly
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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KulaRaha
#1944 Posted : Thursday, November 15, 2018 2:43:33 PM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
MugundaMan wrote:
KulaRaha wrote:
KES depreciation is gonna hurt everyone...given how we are reliant on imports.

Also, I think our foreign debt has gone up by around 50B from this move to 102.80.

Kumira kumira....


This is peni mbili thinking Laughing out loudly
Pray tell, will KES "depreciation" affect exporters negatively? smile 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.


Really? Pls check imports vs exports, it will shock you. Why do you think CBK has been managing the rate so closely?
Business opportunities are like buses,there's always another one coming
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lochaz-index
#1945 Posted : Thursday, November 15, 2018 2:56:27 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
Ericsson wrote:
Kenya Shilling weakens to 104.080 against the USD

Way overdue. Waiting for around 107 to assess the momentum behind the depreciation.
The main purpose of the stock market is to make fools of as many people as possible.
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KulaRaha
#1946 Posted : Friday, November 16, 2018 7:32:21 AM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
Ericsson wrote:
Kenya Shilling weakens to 104.080 against the USD


Fake news, the highest the USD went yesterday was 103.20 level.

We may see KES retrace at this price.
Business opportunities are like buses,there's always another one coming
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maka
#1947 Posted : Friday, November 16, 2018 8:38:56 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
KulaRaha wrote:
Ericsson wrote:
Kenya Shilling weakens to 104.080 against the USD


Fake news, the highest the USD went yesterday was 103.20 level.

We may see KES retrace at this price.



possunt quia posse videntur
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tinker
#1948 Posted : Friday, November 16, 2018 11:58:48 AM
Rank: Member


Joined: 11/15/2010
Posts: 455
Location: Nairobi
I was in town today and I noticed the populace is significantly lower than usual.
Is this a sign that the economy is not doing well or could it be as a result of strict traffic (Michuki) rules pushing idlers out of the city?.
....He who began a good work in you will carry it on to completion..
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Ericsson
#1949 Posted : Friday, November 16, 2018 1:03:51 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,798
Location: NAIROBI
tinker wrote:
I was in town today and I noticed the populace is significantly lower than usual.
Is this a sign that the economy is not doing well or could it be as a result of strict traffic (Michuki) rules pushing idlers out of the city?.


Most idlers make money by collecting "tax" from matatus
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#1950 Posted : Wednesday, November 21, 2018 6:29:30 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,974
Location: nairobi
This is sad.. Kazi kwisha https://www.businessdail..._twitter_impression=true

KQ ABP 4.48; MTN ABP 5.20
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Ericsson
#1951 Posted : Wednesday, November 21, 2018 6:53:38 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,798
Location: NAIROBI
[quote=obiero]This is sad.. Kazi kwisha https://www.businessdail...twitter_impression=true[/quote]

Big 4 agenda
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#1952 Posted : Friday, November 23, 2018 11:18:04 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,798
Location: NAIROBI
https://www.businessdail...64552-h39s2h/index.html

Cargo charges on the standard gauge railway (SGR) from Mombasa to Nairobi will rise by up to 79 per cent from January 1 in bid to raise more revenue to pay the Chinese operator.

Kenya Railways said the cost of transporting a 20-foot container from Mombasa to Nairobi will increase to $500 (Sh51,275) from Sh35,000, a 46.5 per cent rise

Hauling the larger 40-foot container will cost up to Sh$700 (Sh71,785), from the current Sh40,000, reflecting a 79.9 per cent rise.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Wororo
#1953 Posted : Saturday, November 24, 2018 12:07:09 PM
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Joined: 1/30/2011
Posts: 207
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Wakanyugi
#1954 Posted : Saturday, November 24, 2018 4:51:31 PM
Rank: Veteran


Joined: 7/3/2007
Posts: 1,635
Wororo wrote:
Crude Oil Dropping to lower $60's... Interesting times...


This is partly the Kashogi death divided. The Saudis are desperate to appease Amerika, hence are opening the crude oil taps. Trump just confirmed as much in one of his many twits.
"The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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Horton
#1955 Posted : Saturday, November 24, 2018 7:37:06 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Wororo wrote:
Crude Oil Dropping to lower $60's... Interesting times...


Should be good for the Kenyan economy
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tom_boy
#1956 Posted : Saturday, November 24, 2018 9:46:50 PM
Rank: Member


Joined: 2/20/2007
Posts: 767
Horton wrote:
Wororo wrote:
Crude Oil Dropping to lower $60's... Interesting times...


Should be good for the Kenyan economy


How about KQ. Are they hedging as usuall. How will this turn out for them?
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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obiero
#1957 Posted : Saturday, November 24, 2018 10:10:40 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,974
Location: nairobi
tom_boy wrote:
Horton wrote:
Wororo wrote:
Crude Oil Dropping to lower $60's... Interesting times...


Should be good for the Kenyan economy


How about KQ. Are they hedging as usuall. How will this turn out for them?

KES 1,074,000,000 gains as at half year

KQ ABP 4.48; MTN ABP 5.20
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whiteowl
#1958 Posted : Sunday, November 25, 2018 1:40:09 AM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Wororo wrote:
Crude Oil Dropping to lower $60's... Interesting times...


This is another "opportunity" for govt to increase fuel tax.
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Ericsson
#1959 Posted : Saturday, December 01, 2018 7:57:17 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,798
Location: NAIROBI
https://www.bloomberg.co...ndicated-loan-for-kenya


Debt addiction not yet over
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#1960 Posted : Saturday, December 01, 2018 11:36:35 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,929
Ericsson wrote:
https://www.bloomberg.com/news/articles/2018-11-30/tdb-bank-is-said-to-arrange-1-billion-syndicated-loan-for-kenya


Debt addiction not yet over


Not a bad idea, you need loans for development.
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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