Liquidity crunch...all monies already mopped.

Correct, Ericsson.

[quote=MatataMingi]Just look at this report.

https://www.businessdail...rnment-billions-3918168[/quote]
Kenyans are going to be very broke, this is the reality, even ADB, China Exim, IMF and World Bank will run away.

Yes, indeed that is an option, ill advised though.
Serious investors will, however, be looking at NET returns.
Raising taxes will not achieve anything.
The current government has buried themselves in a debit crises.
Things are looking really bad, for the incoming President, whoever it maybe.

This is sensationalism.
Rise in interest rates by central banks is NOT unique to Kenya. It is the topic du jour.
Most CBs are are having to raise interest rates to curb inflation.

..................................

Below is an excerpt from WSJ 2 days ago

Central banks around the world are raising their key interest rates in the most widespread tightening of monetary policy on record. Some economists fear they may go too far if they don’t take into account their collective impact on global demand.

According to the World Bank, the number of rate increases announced by central banks around the world was the highest in July since records began in the early 1970s. On Wednesday, the Federal Reserve delivered its third 0.75 percentage-point increase in as many meetings. This past week its counterparts in Indonesia, Norway, the Philippines, South Africa, Sweden, Switzerland, Taiwan and the U.K. also upped rates.

[quote=xtina]CBK recently floated the 14-year IFB and methinks it looks pretty good. Interest rate is expected to be 13.7-14%, more or less the same as last year so with 2M, expect to get 274k biannualy.

https://twitter.com/CBKK...xt=HHwWgoCxwdPCiYAsAAAA[/quote]
It's tax free hence 14% is too high.
It's likely to be 12.5-13%

It shall be much higher!
The June IFB1/2022/018 had a coupon rate of 13.742%. And now, the current yields in the market are much higher with investors expecting a better return.

I wouldn't be surprised if the Weighted Average Rate of the Accepted Bids comes in at around 13.9-14.0%

Because there is no handshake and failure of bbi and Croatia, putin, corona resurgence, even eurobond will not be available anymore, we are too divided to invest in, go offshore or invest in any potential stock in technology or from upcoming and in including entrepreneurs who can shift paradigms, gold, oil(bad but profitable in the short term), there is no way entrepreneurs can make money when VAT is 16% add interest 16% add uda taxes 10%, corruption up 12%, add inflation 5%,=59% then add profit, margin another 5% with petrol headed to kes250 and the risk is too high to get this 5% unga 300???, when you look at the pending bills versus growing govt wagebill like new ministries and bigger government to payback political investors. If you are not in government, don't risk investing. Even the old abandoned 1k notes will reappear from bunkers, those who have those banned 1k notes will be the only ones buying treasury bonds and bills and you will see them back in circulation very soon if you have any doubts. Don't risk.

Aho!!! IFB1/2022/14 at 13.938% Tax free!