Kenya Economy Watch - Page 261 - Economy - Wazua

Welcome Guest

Wazua » Investor » Economy » Kenya Economy Watch

Kenya Economy Watch

Options

Previous Topic · Next Topic

littledove		#2601 Posted : Friday, February 26, 2021 8:50:50 AM
Rank: Veteran Joined: 7/1/2014 Posts: 927 Location: sky		https://www.businessdailyafrica.com/bd/economy/mps-sh9trn-debt-cap-for-extra-borrowing-3304514 Parliament will enlarge the debt ceiling currently set at Sh9 trillion to accommodate Treasury’s borrowing for development spending, Majority Leader Amos Kimunya has said. Mr Kimunya said the National Assembly will look at the reasons behind the Treasury’s proposal to increase the statutory debt ceiling and act accordingly once the request is tabled in the House. “We don’t want debt to rise but Kenyans want development. We will look at the Treasury proposals and if it is for raising money for development, we have no problem even if they want the ceiling set at Sh20 trillion,” Mr Kimunya said. THESE GUYS WILL TOTALLY MESS THE COUNTRY BEFORE 2022 There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
Back to top		WWW \|
User Profile

Ericsson		#2602 Posted : Monday, March 15, 2021 11:19:31 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		.. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
Back to top		WWW \| \| Edit by user: Tuesday, March 16, 2021 1:38 AM \| Reason: Not specified
User Profile

Ericsson		#2603 Posted : Monday, March 15, 2021 11:20:39 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		https://www.businessdail...urrent-expenses-3323040 Debt servicing costs have for the first time surpassed recurrent expenditures such as salaries, allowances and government administrative expenses, underlining the pressing burden on taxpayers. Treasury secretary Ukur Yatani says in the latest disclosures total debt repayments, which are largely being driven by fast-maturing commercial and semi-concessional loans, amounted to Sh638.29 billion in the eight-month period through February 2021, Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
Back to top		WWW \| \| Edit by user: Tuesday, March 16, 2021 1:35 AM \| Reason: Not specified
User Profile

Ericsson		#2604 Posted : Monday, March 15, 2021 11:24:14 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		https://www.businessdail...ault-helb-loans-3323148 About 106, 443 former university students have defaulted on their Higher Education Loans Board (Helb) in the wake of Covid-19 pandemic that triggered layoffs, business closure and freeze in hiring. Helb data tabled shows loan accounts in default increased by 35, 561 in the six months to December with the defaulted loans increasing 55 per cent or Sh3.7 billion to Sh10.4 billion in the period when the virus ravaged corporate Kenya. Loan defaulters have weakened the Helb’s ability to support university and technical college students, prompting allocation cuts and requests for Sh8.6 billion additional funding from the Treasury. “As at December 2020 Sh10.4 billion was held by 106,443 loanees, a sharp rise from the Sh6.7 billion held by 68,882 loanees as of June 30, 2020, mainly attributed to retrenchment as a result of Covid-19,” said Helb chief executive Charles Ringera. Helb matured loans stood at Sh45 billion, giving the agency a non performing ratio of 23 per cent—which is higher than the banking average of 14.1 per cent. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
Back to top		WWW \| \| Edit by user: Tuesday, March 16, 2021 1:31 AM \| Reason: Not specified
User Profile

PeterReborn		#2605 Posted : Tuesday, July 06, 2021 10:23:15 AM
Rank: Veteran Joined: 1/3/2014 Posts: 1,063		https://www.businessdailyafrica....offs-salary-cuts-3462562 The Kenya Revenue Authority (KRA) has reported a 9.3 percent drop in Pay As You Earn (PAYE) tax receipts in the review period compared to a year earlier when the taxes amounted to Sh399.20 billion. The taxman has blamed the drop from Sh399.20 billion to an estimated Sh362.08 billion on the impact of the pandemic on private sector jobs. “The decline was driven by the reduction in employment emanating from measures taken by mainly private firms to reduce operating costs as a result of Covid-19 pandemic,” KRA Commissioner-General Githii Mburu said in a statement on full-year revenue performance. Consistency is better than intensity
Back to top		\|
User Profile

kmucheke		#2606 Posted : Thursday, July 08, 2021 8:57:55 PM
Rank: Member Joined: 3/16/2019 Posts: 313		Quote: Treasury sampled 18 of the largest parastatals and established that only 4 were profitable.They include Kenya Ports Authority, Kenya Pipeline Company, Kenya Airports Authority and Kenya Electricity Generating Company. Kenya Power and Kenya Railways were observed to be highly indebted with loans, large liabilities and experiencing liquidity challenges. The 18 parastatals have an estimated cumulative financial shortfall of about Sh70 billion annually. Some of the measures the government has suggested to fill the Sh382 billion shortfall is conducting reforms, new concessional borrowing, deferred payments on loans, debt to equity swap and funding from the exchequer. LINK
Back to top		\|
User Profile

Ericsson		#2607 Posted : Thursday, July 08, 2021 9:29:03 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		kmucheke wrote: Quote: Treasury sampled 18 of the largest parastatals and established that only 4 were profitable.They include Kenya Ports Authority, Kenya Pipeline Company, Kenya Airports Authority and Kenya Electricity Generating Company. Kenya Power and Kenya Railways were observed to be highly indebted with loans, large liabilities and experiencing liquidity challenges. The 18 parastatals have an estimated cumulative financial shortfall of about Sh70 billion annually. Some of the measures the government has suggested to fill the Sh382 billion shortfall is conducting reforms, new concessional borrowing, deferred payments on loans, debt to equity swap and funding from the exchequer. LINK Suggestions of which none will be implemented. Ukur Yattani has less than 12 months as treasury secretary Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
Back to top		WWW \| \| Edit by user: Thursday, July 08, 2021 9:31 PM \| Reason: Not specified
User Profile

VituVingiSana		#2608 Posted : Friday, July 09, 2021 12:02:22 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		Ericsson wrote: kmucheke wrote: Quote: Treasury sampled 18 of the largest parastatals and established that only 4 were profitable.They include Kenya Ports Authority, Kenya Pipeline Company, Kenya Airports Authority and Kenya Electricity Generating Company. Kenya Power and Kenya Railways were observed to be highly indebted with loans, large liabilities and experiencing liquidity challenges. The 18 parastatals have an estimated cumulative financial shortfall of about Sh70 billion annually. Some of the measures the government has suggested to fill the Sh382 billion shortfall is conducting reforms, new concessional borrowing, deferred payments on loans, debt to equity swap and funding from the exchequer. LINK Suggestions of which none will be implemented. Ukur Yattani has less than 12 months as treasury secretary Politically undesirable for the current regime to send underemployed folks home. Plus it is the season for eating and parastatals are prime dining spots. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		\|
User Profile

Monk		#2609 Posted : Tuesday, November 30, 2021 9:52:52 AM
Rank: Member Joined: 7/1/2009 Posts: 272		Finally fully exited BOC (after 8 years!). I hope to do the same with my other Manufacturing counters (CARB,EABL), when the prices improve. I see no future for this sector with the prevailing high cost of doing business in Kenya, relative to our competitors. With our level of debt, I do not foresee any tax reductions any time soon, to make this sector competitive.
Back to top		\|
User Profile

cyruskulei		#2610 Posted : Monday, December 06, 2021 2:39:32 PM
Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya		It appears the market is entering recession. Equity might touch 40.0 Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
Back to top		\|
User Profile

263 Pages«<259260261262263>

Wazua » Investor » Economy » Kenya Economy Watch

Forum Jump

You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Watch this topic
Print this topic

Normal
Threaded