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Kenya Economy Watch
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Ericsson
#1141 Posted : Sunday, June 26, 2016 6:17:43 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
In the current financial 2016/2017 year kenyan govt will pay sh.466.5bn to repay debt.
Interest will be sh.250 8bn and principal sh.215.7bn
Domestic loans interest is sh.197.3bn and foreign 53.5bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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enyands
#1142 Posted : Sunday, June 26, 2016 6:37:42 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Ericsson wrote:
In the current financial 2016/2017 year kenyan govt will pay sh.466.5bn to repay debt.
Interest will be sh.250 8bn and principal sh.215.7bn
Domestic loans interest is sh.197.3bn and foreign 53.5bn



Interest higher than repayment??? And more loans to come? ?? Doesn't feel right in my tummy

And for people who don't know munafikiri cs finance will pay this out of his pocket ??? NOP brace up for more taxes. Tutalipa hii pesa mpende msipende.kenyabs should be talking about issues affecting their daily lives like foreign debts not IEBC only
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  | | Edit by user: Sunday, June 26, 2016 6:41 PM | Reason: Not specified
Ericsson
#1143 Posted : Sunday, June 26, 2016 6:40:23 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Formula should change from debt/Gdp ratio and be replaced with debt/ordinary revenue collection and for this it shouldn't go above 30%
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Kausha
#1144 Posted : Sunday, June 26, 2016 7:00:52 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
But our Debt at 2.5trill and ordinary revenue at about 800million we are talking 300%. Perhaps you are referring to debt service per annum against ordinary revenue in which case for 2016/17 we are looking 416m against 1.2trill.
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Ericsson
#1145 Posted : Sunday, June 26, 2016 9:49:32 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Correct Kausha debt service per annum against ordinary revenue
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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lochaz-index
#1146 Posted : Monday, June 27, 2016 9:47:17 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
http://www.bloomberg.com...-rate-for-next-eurobond
I fail to understand how the cs thinks we will get a yield on the second euro bond at a similar rate to our debut issuance.

Banking on yield starved investors to offer favorable rates is not a solid strategy in my opinion. Even with advanced economies currently in the negative scale, we will still borrow at a premium vs the initial bond.

I doubt whether we will manage to successfully float it at less than 8%. Coming hot on the heels of a frazzled market, African states in distress(inflation, drought, devaluations, falling commodity prices) and a rising debt to GDP ratio even 8% sounds optimistic. If you factor in a strengthening USD...
The main purpose of the stock market is to make fools of as many people as possible.
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  | | Edit by user: Monday, June 27, 2016 9:55 PM | Reason: Not specified
hisah
#1147 Posted : Tuesday, June 28, 2016 7:01:02 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
lochaz-index wrote:
http://www.bloomberg.com/news/articles/2016-06-26/kenya-finance-minister-sees-affordable-rate-for-next-eurobond
I fail to understand how the cs thinks we will get a yield on the second euro bond at a similar rate to our debut issuance.

Banking on yield starved investors to offer favorable rates is not a solid strategy in my opinion. Even with advanced economies currently in the negative scale, we will still borrow at a premium vs the initial bond.

I doubt whether we will manage to successfully float it at less than 8%. Coming hot on the heels of a frazzled market, African states in distress(inflation, drought, devaluations, falling commodity prices) and a rising debt to GDP ratio even 8% sounds optimistic. If you factor in a strengthening USD...

Dreaming is free. But reality is something else. Floating a eurobond now should be an act of crime! Who in their sane mind would come to the market as the storm is just starting? Thin liquidity plus strong USD will ensure the yield is in a heavy premium zone.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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streetwise
#1148 Posted : Tuesday, June 28, 2016 8:54:59 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
I think the Euro guys want to keep their money under the mattress this time round. Fear is all over them, I think if you call a guy in the streets of London loudly JOHN he will jump because he is no longer sure he is John.
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Thiong'o
#1149 Posted : Wednesday, June 29, 2016 10:34:55 AM
Rank: Member

Joined: 10/14/2011
Posts: 661
kayhara wrote:
Ndii's article and the editorial one in the nation is just the best, comparing TZ economy with KE the gap is only 10%

Helium deposit worth billions of dollars discovered in Tanzania's Rift Valley http://www.nation.co.ke/...68/-/nqvf1h/-/index.html
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enyands
#1150 Posted : Wednesday, June 29, 2016 12:30:30 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Thiong'o wrote:
[quote=kayhara]Ndii's article and the editorial one in the nation is just the best, comparing TZ economy with KE the gap is only 10%

Helium deposit worth billions of dollars discovered in Tanzania's Rift Valley http://www.nation.co.ke/...8/-/nqvf1h/-/index.html[/quote]


Now the ug and Rwanda taking their SGR there forcing shift to unlikely partners like Ethiopia and Botswana. Interesting. ...
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263 Pages«<113114115116117>»
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