Wazua
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Kenya Economy Watch
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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[quote=Extraterrestrial]The Stanbic Bank Kenya PMI jumped to 54.1 in September 2019 from 52.9 in the previous month, signalling a solid improvement in the health of the Kenyan private sector. Sales growth accelerated to a 13-month high, leading firms to expand their output at a quicker pace. Employment also increased, as firms remained highly optimistic for future activity. At the same time, cost pressures weakened to a near two-year low, while output price inflation also eased. https://tradingeconomics...kenya/manufacturing-pmi[/quote] Who follows this,reality on the ground paints a different picture Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,219 Location: nairobi
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Ericsson wrote:[quote=Extraterrestrial]The Stanbic Bank Kenya PMI jumped to 54.1 in September 2019 from 52.9 in the previous month, signalling a solid improvement in the health of the Kenyan private sector. Sales growth accelerated to a 13-month high, leading firms to expand their output at a quicker pace. Employment also increased, as firms remained highly optimistic for future activity. At the same time, cost pressures weakened to a near two-year low, while output price inflation also eased. https://tradingeconomics...kenya/manufacturing-pmi[/quote] Who follows this,reality on the ground paints a different picture Kwa ground vitu ni different
KQ ABP 4.26
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Rank: Veteran Joined: 3/25/2010 Posts: 939 Location: Nai
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obiero wrote:Ericsson wrote:[quote=Extraterrestrial]The Stanbic Bank Kenya PMI jumped to 54.1 in September 2019 from 52.9 in the previous month, signalling a solid improvement in the health of the Kenyan private sector. Sales growth accelerated to a 13-month high, leading firms to expand their output at a quicker pace. Employment also increased, as firms remained highly optimistic for future activity. At the same time, cost pressures weakened to a near two-year low, while output price inflation also eased. https://tradingeconomics...kenya/manufacturing-pmi[/quote] Who follows this,reality on the ground paints a different picture Kwa ground vitu ni different  don't include DC kwa hio ground 
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Rank: Member Joined: 6/15/2013 Posts: 301
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Balaa wrote:[quote=obiero]Let me leave this here https://www.capitalfm.co...rtening-end-to-tax-row/[/quote]  I keep saying Gok/KRA is continually biting the hand that feeds them. They forget that as investors we don't owe the government a living and are looking for the best return on investment. It's Gok's business to create a conducive business environment. Investors ain't charity missionaries. They(Gok) just don't get it, do they? There were other ways of GOK to deal with this issue amicably. To be honest i side with Sportpesa/Betin on this..one issue being why should GOK tax capital used for betting? Capital put in doesn't gurantee winnings further more that capital money was obtained from my salary etc which was already taxed.GOK should only tax winnings. For Sportpesa to be considered a large tax payer and supporting thousands of youth and families both directly and indirectly and GOK to chest thump on this issue when the former was ready to talk and reach an amicable solution is disgusting. And clearly this was not a social/moral issue anymore since other betting companies have been allowed to operate.
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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Quote:The number of Kenyans with more than Sh100,000 as savings in their bank accounts has dropped for the first time in more than 13 years, reflecting the cash flow problems in an economy plagued by job cuts and modest economic activity.
Central Bank of Kenya (CBK) data, set for release next month, is expected to show that savers with more than Sh100,000 in their bank accounts dropped to 1,450,000 last year, down from 1,583,000 in 2017 — the first fall since 2006 when the regulator began making public such deposit data. https://www.businessdail...301742-plwpjl/index.html
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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[quote=Lolest!] Quote:The number of Kenyans with more than Sh100,000 as savings in their bank accounts has dropped for the first time in more than 13 years, reflecting the cash flow problems in an economy plagued by job cuts and modest economic activity.
Central Bank of Kenya (CBK) data, set for release next month, is expected to show that savers with more than Sh100,000 in their bank accounts dropped to 1,450,000 last year, down from 1,583,000 in 2017 — the first fall since 2006 when the regulator began making public such deposit data. https://www.businessdail...01742-plwpjl/index.html[/quote] People are investing in DC and other businesses e.g. farming, importation,Mama mboga etc. No need to put money in account. 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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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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Angelica _ann wrote:[quote=Lolest!] Quote:The number of Kenyans with more than Sh100,000 as savings in their bank accounts has dropped for the first time in more than 13 years, reflecting the cash flow problems in an economy plagued by job cuts and modest economic activity.
Central Bank of Kenya (CBK) data, set for release next month, is expected to show that savers with more than Sh100,000 in their bank accounts dropped to 1,450,000 last year, down from 1,583,000 in 2017 — the first fall since 2006 when the regulator began making public such deposit data. https://www.businessdail...01742-plwpjl/index.html[/quote] People are investing in DC and other businesses e.g. farming, importation,Mama mboga etc. No need to put money in account. It's a loss to store cash in a bank.Stocks,bonds and real estate best way to store cash. Towards the goal of financial freedom
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Rank: Member Joined: 3/1/2019 Posts: 170 Location: Nairobi
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mulla wrote:Balaa wrote:[quote=obiero]Let me leave this here https://www.capitalfm.co...rtening-end-to-tax-row/[/quote] I keep saying Gok/KRA is continually biting the hand that feeds them. They forget that as investors we don't owe the government a living and are looking for the best return on investment. It's Gok's business to create a conducive business environment. Investors ain't charity missionaries. They(Gok) just don't get it, do they? There were other ways of GOK to deal with this issue amicably. To be honest i side with Sportpesa/Betin on this..one issue being why should GOK tax capital used for betting? Capital put in doesn't gurantee winnings further more that capital money was obtained from my salary etc which was already taxed.GOK should only tax winnings. For Sportpesa to be considered a large tax payer and supporting thousands of youth and families both directly and indirectly and GOK to chest thump on this issue when the former was ready to talk and reach an amicable solution is disgusting. And clearly this was not a social/moral issue anymore since other betting companies have been allowed to operate. Sportspesa is a company that is majority-owned by Eastern Europeans of questionable business practices, and they were making bank by pocketing the little money our youth manage to make in this difficult economy. This is not about fair taxation, it is about protecting our people, by discouraging betting. Karauri is a big traitor for selling out our youth. Losing a job at sportpesa should be celebrated since it is an opportunity to find work that is more meaningful and probably end up creating actual value for fellow Kenyans
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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NewMoney wrote:mulla wrote:Balaa wrote:[quote=obiero]Let me leave this here https://www.capitalfm.co...rtening-end-to-tax-row/[/quote] I keep saying Gok/KRA is continually biting the hand that feeds them. They forget that as investors we don't owe the government a living and are looking for the best return on investment. It's Gok's business to create a conducive business environment. Investors ain't charity missionaries. They(Gok) just don't get it, do they? There were other ways of GOK to deal with this issue amicably. To be honest i side with Sportpesa/Betin on this..one issue being why should GOK tax capital used for betting? Capital put in doesn't gurantee winnings further more that capital money was obtained from my salary etc which was already taxed.GOK should only tax winnings. For Sportpesa to be considered a large tax payer and supporting thousands of youth and families both directly and indirectly and GOK to chest thump on this issue when the former was ready to talk and reach an amicable solution is disgusting. And clearly this was not a social/moral issue anymore since other betting companies have been allowed to operate. Sportspesa is a company that is majority-owned by Eastern Europeans of questionable business practices, and they were making bank by pocketing the little money our youth manage to make in this difficult economy. This is not about fair taxation, it is about protecting our people, by discouraging betting. Karauri is a big traitor for selling out our youth.Losing a job at sportpesa should be celebrated since it is an opportunity to find work that is more meaningful and probably end up creating actual value for fellow Kenyans Hapa i support you fully my brother @New Money. Banning sportspesa was a master stroke by Jubilee government and perhaps a saving grace from the hardship they have caused Kenyans in this 7 years of their rule. These dodgy Balkans leveraged on Safaricom m-pesa to milk dry marginalised youth in the urban Ghettos of Nairobi as well as from rural areas of their hard-earned cash. ION, i went to a pub on Saturday and when i asked to lipa na M-Pesa i was told to do a withdrawal from an agent number provided by the pub....If this is not tax-evasion then what is??? Can this critical information be conveyed to KRA, DCI and Safaricom?? Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 7/22/2008 Posts: 2,721
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[quote=Lolest!] Quote:The number of Kenyans with more than Sh100,000 as savings in their bank accounts has dropped for the first time in more than 13 years, reflecting the cash flow problems in an economy plagued by job cuts and modest economic activity.
Central Bank of Kenya (CBK) data, set for release next month, is expected to show that savers with more than Sh100,000 in their bank accounts dropped to 1,450,000 last year, down from 1,583,000 in 2017 — the first fall since 2006 when the regulator began making public such deposit data. https://www.businessdail...01742-plwpjl/index.html[/quote] Yaani only 2.69% of all bank accounts have more than 100K (1,000 USD). The percentage of individuals with more than USD 1,000.00 must be even smaller because people have multiple accounts. You can live in a bubble and not know it.
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