Wazua
»
Investor
»
Economy
»
Kenya Economy Watch
Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
|
hisah wrote:Kerosene tax increase loomsThe national budget will definitely be full of curve balls. No wonder the equity market has been huffing and puffing to nowhere! The path of least resistance is downwards. After reading the paper the mpigs said that they want to get rid of kerosene since there is adultaration or something . Jeez .what weed are these people smoking . What alternative have they offered for people to use alternative ways of cooking or lighting ? Then punish them with tax hike ? We will keep losing our national influence on the EAC if not careful. Well if you want the poor to stop using kerosene then ban it and make it be like ivory not punishing them with an excuse that there is adulteration? Its not our fault that the oil dealers are ripping us off.this just an excuse for raising money from the majority who are poor .this ain't feeling right
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
|
This being a budget for elections I don't see that proposal sailing through. Gava should now focus on reducing expenditure,putting a lid on budget growth and let ordinary revenues start bridging the gap. Kenya is spending half of what KRA collects to repay debt. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
|
Kenya is about to get a ‘‘third-rate railway for the cost of a very expensive one,’’ according to a report in the Economist magazine on the new Nairobi to Mombasa rail line. Questions also remain, according to the London-based magazine, on how the railway will be paid for and who exactly is going to run it. The new track is costing Kenya about $4 billion (Sh404 billion), mostly funded by a loan from the Chinese ExIm bank, and construction is due to be completed next year. But the report says that “although only a year remains before completion, not only are tariffs and rates undecided, but it is not even clear who will run the railway. Kenyan officials have apparently taken to skipping trade conferences of late to avoid answering questions. “Could this be because the new railway is a dud investment? Its fastest trains will do a fairly mediocre 80kph. Much as with the old railway, parts of the new line will be single-track, forcing trains to stop, often for hours, to let others pass. Most absurdly, it is built to a lower standard of load-bearing than most other new freight railways.” The Economist also quotes consultants, including Pierre Pozzo di Borgo of the International Finance Corporation wing of the World Bank, who says that rehabilitating the older line might have cost just five per cent as much as building a new one. Transport experts have also questioned whether it will be possible to load four full containers onto each wagon, as is done on other new lines. The magazine notes that “repaying the loans taken out to build the line will require hefty fees or huge volumes of traffic.” It notes however that truckers—who now handle more than 95 per cent of the freight moved from Mombasa port—“will compete fiercely on price, and shipping companies may look for other ports if levies rise.” Problem of having consultancy,feasibility studies,design,implementation and operation by the Chinese.It's never for our benefit but for their own agenda. No wonder Uganda has refused to sign the SGR agreement with EXIM bank of China. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Member Joined: 3/3/2016 Posts: 132
|
Ericsson wrote:Kenya is about to get a ‘‘third-rate railway for the cost of a very expensive one,’’ according to a report in the Economist magazine on the new Nairobi to Mombasa rail line. Questions also remain, according to the London-based magazine, on how the railway will be paid for and who exactly is going to run it.
The new track is costing Kenya about $4 billion (Sh404 billion), mostly funded by a loan from the Chinese ExIm bank, and construction is due to be completed next year.
But the report says that “although only a year remains before completion, not only are tariffs and rates undecided, but it is not even clear who will run the railway.
Kenyan officials have apparently taken to skipping trade conferences of late to avoid answering questions.
“Could this be because the new railway is a dud investment? Its fastest trains will do a fairly mediocre 80kph. Much as with the old railway, parts of the new line will be single-track, forcing trains to stop, often for hours, to let others pass. Most absurdly, it is built to a lower standard of load-bearing than most other new freight railways.”
The Economist also quotes consultants, including Pierre Pozzo di Borgo of the International Finance Corporation wing of the World Bank, who says that rehabilitating the older line might have cost just five per cent as much as building a new one.
Transport experts have also questioned whether it will be possible to load four full containers onto each wagon, as is done on other new lines.
The magazine notes that “repaying the loans taken out to build the line will require hefty fees or huge volumes of traffic.”
It notes however that truckers—who now handle more than 95 per cent of the freight moved from Mombasa port—“will compete fiercely on price, and shipping companies may look for other ports if levies rise.”
Problem of having consultancy,feasibility studies,design,implementation and operation by the Chinese.It's never for our benefit but for their own agenda. No wonder Uganda has refused to sign the SGR agreement with EXIM bank of China. The Economist has no chills. I hope one day Kenyan media will get to that level. I hope the govt has some intel it is not sharing. Spending $4b to lay a parallel railway for no clear commensurate benefit seems insane. Unless it will be used to transport military equipment or some sensitive national security purpose that they can't divulge in public.
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
|
Ericsson wrote:Kenya is about to get a ‘‘third-rate railway for the cost of a very expensive one,’’ according to a report in the Economist magazine on the new Nairobi to Mombasa rail line. Questions also remain, according to the London-based magazine, on how the railway will be paid for and who exactly is going to run it.
The new track is costing Kenya about $4 billion (Sh404 billion), mostly funded by a loan from the Chinese ExIm bank, and construction is due to be completed next year.
But the report says that “although only a year remains before completion, not only are tariffs and rates undecided, but it is not even clear who will run the railway.
Kenyan officials have apparently taken to skipping trade conferences of late to avoid answering questions.
“Could this be because the new railway is a dud investment? Its fastest trains will do a fairly mediocre 80kph. Much as with the old railway, parts of the new line will be single-track, forcing trains to stop, often for hours, to let others pass. Most absurdly, it is built to a lower standard of load-bearing than most other new freight railways.”
The Economist also quotes consultants, including Pierre Pozzo di Borgo of the International Finance Corporation wing of the World Bank, who says that rehabilitating the older line might have cost just five per cent as much as building a new one.
Transport experts have also questioned whether it will be possible to load four full containers onto each wagon, as is done on other new lines.
The magazine notes that “repaying the loans taken out to build the line will require hefty fees or huge volumes of traffic.”
It notes however that truckers—who now handle more than 95 per cent of the freight moved from Mombasa port—“will compete fiercely on price, and shipping companies may look for other ports if levies rise.”
Problem of having consultancy,feasibility studies,design,implementation and operation by the Chinese.It's never for our benefit but for their own agenda. No wonder Uganda has refused to sign the SGR agreement with EXIM bank of China. the mess by jubilee will be felt in the next 5-10 yrs but tribalists will still succeed to drag their pple to the grave in the name of our tribes.if violence happens the repayment of this loans will see kenya a failed nation. "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
|
Kenya headed for a credit downgrade by S&P. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
|
This country will miss the visionary leadership of one Stanley Emilio Mwai Kibaki. These clowns have taken kenya to the path of economic downturn. Even if tribalist look for their own to be the president give us a wise and visionary person. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
|
mlennyma wrote:Ericsson wrote:Kenya is about to get a ‘‘third-rate railway for the cost of a very expensive one,’’ according to a report in the Economist magazine on the new Nairobi to Mombasa rail line. Questions also remain, according to the London-based magazine, on how the railway will be paid for and who exactly is going to run it.
The new track is costing Kenya about $4 billion (Sh404 billion), mostly funded by a loan from the Chinese ExIm bank, and construction is due to be completed next year.
But the report says that “although only a year remains before completion, not only are tariffs and rates undecided, but it is not even clear who will run the railway.
Kenyan officials have apparently taken to skipping trade conferences of late to avoid answering questions.
“Could this be because the new railway is a dud investment? Its fastest trains will do a fairly mediocre 80kph. Much as with the old railway, parts of the new line will be single-track, forcing trains to stop, often for hours, to let others pass. Most absurdly, it is built to a lower standard of load-bearing than most other new freight railways.”
The Economist also quotes consultants, including Pierre Pozzo di Borgo of the International Finance Corporation wing of the World Bank, who says that rehabilitating the older line might have cost just five per cent as much as building a new one.
Transport experts have also questioned whether it will be possible to load four full containers onto each wagon, as is done on other new lines.
The magazine notes that “repaying the loans taken out to build the line will require hefty fees or huge volumes of traffic.”
It notes however that truckers—who now handle more than 95 per cent of the freight moved from Mombasa port—“will compete fiercely on price, and shipping companies may look for other ports if levies rise.”
Problem of having consultancy,feasibility studies,design,implementation and operation by the Chinese.It's never for our benefit but for their own agenda. No wonder Uganda has refused to sign the SGR agreement with EXIM bank of China. the mess by jubilee will be felt in the next 5-10 yrs but tribalists will still succeed to drag their pple to the grave in the name of our tribes.if violence happens the repayment of this loans will see kenya a failed nation. Was talking to a friend from Zimbabwe and south Africa. They told me they call Chinese "ants" ,they eat everything and when done they leave nothing but a shell only. Guys are busy to fulfill their ambition at cost of future generation. Want to know how this deal will play out now that Uganda and Rwanda is out. It would have made sense if these two countries would have been involved with expenses right from start and binding contract. Now they jumped off the wagon when they realised there is no legal bindings. What a short sightedness from our side?
|
|
|
Rank: Veteran Joined: 11/13/2015 Posts: 1,654
|
Ericsson wrote:
Problem of having consultancy,feasibility studies,design,implementation and operation by the Chinese.It's never for our benefit but for their own agenda. No wonder Uganda has refused to sign the SGR agreement with EXIM bank of China.
I agree with you SGR is for the benefit for the chinese agenda which is really opening up eastern DRC. If you look at the presentation done to Uhuru last month. The line will snake its way through uganda all the way to Katanga province in Eastern DRC and will eventually join with the 1344 km line china is building from the Lobito port in Angola. If that happens you have an inland corridor joining the Atlantic and Indian ocean and SA's durban will be the loser. of course kenya benefits from the chinese maritime silk road strategy. Get with the program
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
|
wukan wrote:Ericsson wrote:
Problem of having consultancy,feasibility studies,design,implementation and operation by the Chinese.It's never for our benefit but for their own agenda. No wonder Uganda has refused to sign the SGR agreement with EXIM bank of China.
I agree with you SGR is for the benefit for the chinese agenda which is really opening up eastern DRC. If you look at the presentation done to Uhuru last month. The line will snake its way through uganda all the way to Katanga province in Eastern DRC and will eventually join with the 1344 km line china is building from the Lobito port in Angola. If that happens you have an inland corridor joining the Atlantic and Indian ocean and SA's durban will be the loser. of course kenya benefits from the chinese maritime silk road strategy. Get with the program i think what the sgr has consumed is enough to fix almost all remaining kenyan road projects plus a dual msa to nairobi highway which could be better in terms of death reduction through accidents and time instead of this sgr which must operate on controlled timelines to avoid trains meeting in no junction areas "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
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.
|