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Kenya Economy Watch
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Ebenyo
#1161 Posted : Sunday, July 17, 2016 7:39:22 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
obiero wrote:
Ebenyo wrote:
Ericsson wrote:
Funny how the kenyan economy is.
Economy grew at 5.9% yet retrenchment is the order of the day in what even analysts are saying the trend is alarming.
I think this economic growth figures are hot air and tools for jubilee government to continue with the indebtness of the country.On a realistic term our debt to gdp ratio is around 70% and not the below 50% gava is saying.
How do u explain half of what KRA collects annually is being used to repay debt


If the economy grew by 5.9% and with inflation rate at 8%,thats s 2.1% growth.It means poverty rate is still high.

This is new. You minus inflation from growth. Never seen this before


The best thing i like as wazua member is,i get opportunity to learn.Its been interesting for me in the last three months since i joined here.Im learning new dimensions as an investor in NSE.As times goes by,i hope to continously grow.
My point was,since economy grew by 5.9%,while inflation is 8%,it still a very low growth.Economy grows at a low rate while inflation erode any benefit that comes with the little growth.
However, i have noted your point.I will seek further clarity from my two schools:1 www.wazua.co.ke 2 www.google.co.ke
Towards the goal of financial freedom
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  | | Edit by user: Sunday, July 17, 2016 8:17 AM | Reason: Not specified
Spikes
#1162 Posted : Sunday, July 17, 2016 7:43:17 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Ebenyo wrote:
obiero wrote:
Ebenyo wrote:
Ericsson wrote:
Funny how the kenyan economy is.
Economy grew at 5.9% yet retrenchment is the order of the day in what even analysts are saying the trend is alarming.
I think this economic growth figures are hot air and tools for jubilee government to continue with the indebtness of the country.On a realistic term our debt to gdp ratio is around 70% and not the below 50% gava is saying.
How do u explain half of what KRA collects annually is being used to repay debt


If the economy grew by 5.9% and with inflation rate at 8%,thats s 2.1% growth.It means poverty rate is still high.

This is new. You minus inflation from growth. Never seen this before


The best thing i like as wazua member is,i get opportunity to learn.Its been interesting for me in the last three months since i joined here.Im learning new dimensions as an investor in NSE.As times goes by,i hope to continously grow.




I like the way Wazuans provoke both analytical and critical thinking on whole economy!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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shocks
#1163 Posted : Sunday, July 17, 2016 4:51:31 PM
Rank: Member

Joined: 3/15/2009
Posts: 362
Ebenyo wrote:
obiero wrote:
Ebenyo wrote:
Ericsson wrote:
Funny how the kenyan economy is.
Economy grew at 5.9% yet retrenchment is the order of the day in what even analysts are saying the trend is alarming.
I think this economic growth figures are hot air and tools for jubilee government to continue with the indebtness of the country.On a realistic term our debt to gdp ratio is around 70% and not the below 50% gava is saying.
How do u explain half of what KRA collects annually is being used to repay debt


If the economy grew by 5.9% and with inflation rate at 8%,thats s 2.1% growth.It means poverty rate is still high.

This is new. You minus inflation from growth. Never seen this before


The best thing i like as wazua member is,i get opportunity to learn.Its been interesting for me in the last three months since i joined here.Im learning new dimensions as an investor in NSE.As times goes by,i hope to continously grow.
My point was,since economy grew by 5.9%,while inflation is 8%,it still a very low growth.Economy grows at a low rate while inflation erode any benefit that comes with the little growth.
However, i have noted your point.I will seek further clarity from my two schools:1 www.wazua.co.ke 2 www.google.co.ke

Real GDP Growth (thats the 5.9% figure) has already taken inflation into a/c
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Spikes
#1164 Posted : Sunday, July 17, 2016 5:20:01 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
shocks wrote:
Ebenyo wrote:
obiero wrote:
Ebenyo wrote:
Ericsson wrote:
Funny how the kenyan economy is.
Economy grew at 5.9% yet retrenchment is the order of the day in what even analysts are saying the trend is alarming.
I think this economic growth figures are hot air and tools for jubilee government to continue with the indebtness of the country.On a realistic term our debt to gdp ratio is around 70% and not the below 50% gava is saying.
How do u explain half of what KRA collects annually is being used to repay debt


If the economy grew by 5.9% and with inflation rate at 8%,thats s 2.1% growth.It means poverty rate is still high.

This is new. You minus inflation from growth. Never seen this before


The best thing i like as wazua member is,i get opportunity to learn.Its been interesting for me in the last three months since i joined here.Im learning new dimensions as an investor in NSE.As times goes by,i hope to continously grow.
My point was,since economy grew by 5.9%,while inflation is 8%,it still a very low growth.Economy grows at a low rate while inflation erode any benefit that comes with the little growth.
However, i have noted your point.I will seek further clarity from my two schools:1 www.wazua.co.ke 2 www.google.co.ke

Real GDP Growth (thats the 5.9% figure) has already taken inflation into a/c



Give us the formula of computing GDP growth so as to believe in 5.9% growth. We want to see rise in cost of living component in the equation such that GDP growth is expressed as a function of inflation to enable us appreciate your assertion.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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sparkly
#1165 Posted : Monday, July 18, 2016 6:41:14 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
shocks wrote:
Ebenyo wrote:
obiero wrote:
Ebenyo wrote:
Ericsson wrote:
Funny how the kenyan economy is.
Economy grew at 5.9% yet retrenchment is the order of the day in what even analysts are saying the trend is alarming.
I think this economic growth figures are hot air and tools for jubilee government to continue with the indebtness of the country.On a realistic term our debt to gdp ratio is around 70% and not the below 50% gava is saying.
How do u explain half of what KRA collects annually is being used to repay debt


If the economy grew by 5.9% and with inflation rate at 8%,thats s 2.1% growth.It means poverty rate is still high.

This is new. You minus inflation from growth. Never seen this before


The best thing i like as wazua member is,i get opportunity to learn.Its been interesting for me in the last three months since i joined here.Im learning new dimensions as an investor in NSE.As times goes by,i hope to continously grow.
My point was,since economy grew by 5.9%,while inflation is 8%,it still a very low growth.Economy grows at a low rate while inflation erode any benefit that comes with the little growth.
However, i have noted your point.I will seek further clarity from my two schools:1 www.wazua.co.ke 2 www.google.co.ke

Real GDP Growth (thats the 5.9% figure) has already taken inflation into a/c


The GDP growth is driven by government expenditure esp infrastructure, not the private sector. Most of the public spend is earned by the Chinese.
Life is short. Live passionately.
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Ash Ock
#1166 Posted : Monday, July 18, 2016 10:39:37 AM
Rank: Member

Joined: 8/27/2010
Posts: 495
Location: Nairobi
sparkly wrote:
The GDP growth is driven by government expenditure esp infrastructure, not the private sector. Most of the public spend is earned by the Chinese.


This is why I've always ignored the government touting the GDP as a measure of how well Kenya is doing.

Quote:
Simon Kuznets, the economist who developed the first comprehensive set of measures of national income, stated in his first report to the US Congress in 1934, in a section titled "Uses and Abuses of National Income Measurements":

"Economic welfare cannot be adequately measured unless the personal distribution of income is known. And no income measurement undertakes to estimate the reverse side of income, that is, the intensity and unpleasantness of effort going into the earning of income. The welfare of a nation can, therefore, scarcely be inferred from a measurement of national income. "

Following on his caution with respect to economic extrapolations from GDP, in 1962, Kuznets stated: "Distinctions must be kept in mind between quantity and quality of growth, between costs and returns, and between the short and long run. Goals for more growth should specify more growth of what and for what. "

The sensitivities related to social welfare has continued the argument specific to the use of GDP as a economic growth or progress metric.

Austrian School economist Frank Shostak has noted: "The GDP framework cannot tell us whether final goods and services that were produced during a particular period of time are a reflection of real wealth expansion, or a reflection of capital consumption. For instance, if a government embarks on the building of a pyramid, which adds absolutely nothing to the well-being of individuals, the GDP framework will regard this as economic growth. In reality, however, the building of the pyramid will divert real funding from wealth-generating activities, thereby stifling the production of wealth. "

Source: Boundless. “Evaluating GDP as a Measure of the Economy.”

Sent from my Black Nokia 3310
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Ericsson
#1167 Posted : Monday, July 18, 2016 1:42:44 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
There are at least 7 malls on the 46km Thika Rd stretch; 1 for every 6km.This is the highest concentration on a single road in Kenya.
Out of 55 lives lost on Nairobi roads in may and June,17 were lost on Thika superhighway
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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alutacontinua
#1168 Posted : Wednesday, July 27, 2016 3:36:57 PM
Rank: Member

Joined: 3/23/2011
Posts: 304
Found part of this conversation on twitter about the current labor market very interesting as it highlights MNC operations in the Country (compiled most of the info in the list below).......

1. July 2016 - Coca-cola has downgraded its regional HQ in Nairobi and relocated most of its operations to SA and Nigeria

2. January 2016 - CNBC Africa announced it would move its regional studios from Nairobi to Kigali Rwanda. The business development manager said their decision was inspired by the goodwill and support from Rwandan Government.

3. February 2016 - Kenya Flourspar Company announces plans to shutdown operations in Kenya. More than 2000 directly employed workers were affected/lost jobs along with another 1000 casual workers

4. January 2016 - Barclays Africa Group announces plans to close its regional management office in Nairobi moving it to SA

5. November 2015 - Orange/France Telecom announces plans its selling its 70% stake in Telkom Kenya and exiting the Kenyan market. The following month it laid off about 500 employees in a new round of retrenchments at the company.

6. October 2014 - Cadbury Kenya announces plans to shut down its manufacturing plant in Nairobi as part of a global transformation strategy. The move left about 300 Kenyans who worked at the plant either as permanent or casual employees jobless.

7. May 2014 - Tata Chemicals Magadi announces plans to shut down operations in Kenya by closing down its main factory in Kajiado County. The firm employed about 500 permanent workers who were all sent home.

8. September 2014 - Eveready East Africa finally shuts down its dry cell plant in Nakuru. It says it will import batteries from Egypt. About 170 workers lost their jobs. In 2013 the firm retrenched 74 employees following up with 26 layoffs in 2009 and 130 in 2008.

9. July 2014 - The British High Commission in Nairobi announces plans to scale down its operations starting December.

10. July 2014 - Global banking conglomerate HSBC announced plans to shut down its Nairobi office 3 years after it kicked off operations. The bank opted to exit Kenya as part of the groups restructuring that has seen it scale down operations in the market.

11. January 2015 - Nestle Kenya scaled down its operations in Kenya sending home 46 senior and junior staff members.

12. November 2011 - Nokia downgraded its Kenya office from regional HQ to a sales office and put it under SA

13. Colgate Palmolive ceased manufacturing in Kenya. It tendered out its plant after a review of its marketing/distribution operations.

14. April 2010. Reckitt Benckiser started selling off its property including a production plant in Kenya scaling down operations.

15. Bridgestone, Johnson & Johnson and Unilever restructured operations opting to serve local market through importing from Egypt.

- GM was to open a bus assembly plant in Kenya but later shelved it. Soon to import ready buses from Egypt.

- Not to mention layoffs at KQ, KMC, Bamburi and pending layoffs at Mumias and Uchumi as well as layoffs in the Hospitality industry as Tourism recovery is slow.


You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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  | | Edit by user: Wednesday, July 27, 2016 3:39 PM | Reason: Not specified
mlennyma
#1169 Posted : Wednesday, July 27, 2016 3:46:39 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
alutacontinua wrote:
Found part of this conversation on twitter about the current labor market very interesting as it highlights MNC operations in the Country (compiled most of the info in the list below).......

1. July 2016 - Coca-cola has downgraded its regional HQ in Nairobi and relocated most of its operations to SA and Nigeria

2. January 2016 - CNBC Africa announced it would move its regional studios from Nairobi to Kigali Rwanda. The business development manager said their decision was inspired by the goodwill and support from Rwandan Government.

3. February 2016 - Kenya Flourspar Company announces plans to shutdown operations in Kenya. More than 2000 directly employed workers were affected/lost jobs along with another 1000 casual workers

4. January 2016 - Barclays Africa Group announces plans to close its regional management office in Nairobi moving it to SA

5. November 2015 - Orange/France Telecom announces plans its selling its 70% stake in Telkom Kenya and exiting the Kenyan market. The following month it laid off about 500 employees in a new round of retrenchments at the company.

6. October 2014 - Cadbury Kenya announces plans to shut down its manufacturing plant in Nairobi as part of a global transformation strategy. The move left about 300 Kenyans who worked at the plant either as permanent or casual employees jobless.

7. May 2014 - Tata Chemicals Magadi announces plans to shut down operations in Kenya by closing down its main factory in Kajiado County. The firm employed about 500 permanent workers who were all sent home.

8. September 2014 - Eveready East Africa finally shuts down its dry cell plant in Nakuru. It says it will import batteries from Egypt. About 170 workers lost their jobs. In 2013 the firm retrenched 74 employees following up with 26 layoffs in 2009 and 130 in 2008.

9. July 2014 - The British High Commission in Nairobi announces plans to scale down its operations starting December.

10. July 2014 - Global banking conglomerate HSBC announced plans to shut down its Nairobi office 3 years after it kicked off operations. The bank opted to exit Kenya as part of the groups restructuring that has seen it scale down operations in the market.

11. January 2015 - Nestle Kenya scaled down its operations in Kenya sending home 46 senior and junior staff members.

12. November 2011 - Nokia downgraded its Kenya office from regional HQ to a sales office and put it under SA

13. Colgate Palmolive ceased manufacturing in Kenya. It tendered out its plant after a review of its marketing/distribution operations.

14. April 2010. Reckitt Benckiser started selling off its property including a production plant in Kenya scaling down operations.

15. Bridgestone, Johnson & Johnson and Unilever restructured operations opting to serve local market through importing from Egypt.

- GM was to open a bus assembly plant in Kenya but later shelved it. Soon to import ready buses from Egypt.

- Not to mention layoffs at KQ, KMC, Bamburi and pending layoffs at Mumias and Uchumi as well as layoffs in the Hospitality industry as Tourism recovery is slow.



my only problem is that only negatives were picked, now bring the positives we compare to get a verdict
"Don't let the fear of losing be greater than the excitement of winning."
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alutacontinua
#1170 Posted : Wednesday, July 27, 2016 3:49:53 PM
Rank: Member

Joined: 3/23/2011
Posts: 304
mlennyma wrote:
alutacontinua wrote:
Found part of this conversation on twitter about the current labor market very interesting as it highlights MNC operations in the Country (compiled most of the info in the list below).......

1. July 2016 - Coca-cola has downgraded its regional HQ in Nairobi and relocated most of its operations to SA and Nigeria

2. January 2016 - CNBC Africa announced it would move its regional studios from Nairobi to Kigali Rwanda. The business development manager said their decision was inspired by the goodwill and support from Rwandan Government.

3. February 2016 - Kenya Flourspar Company announces plans to shutdown operations in Kenya. More than 2000 directly employed workers were affected/lost jobs along with another 1000 casual workers

4. January 2016 - Barclays Africa Group announces plans to close its regional management office in Nairobi moving it to SA

5. November 2015 - Orange/France Telecom announces plans its selling its 70% stake in Telkom Kenya and exiting the Kenyan market. The following month it laid off about 500 employees in a new round of retrenchments at the company.

6. October 2014 - Cadbury Kenya announces plans to shut down its manufacturing plant in Nairobi as part of a global transformation strategy. The move left about 300 Kenyans who worked at the plant either as permanent or casual employees jobless.

7. May 2014 - Tata Chemicals Magadi announces plans to shut down operations in Kenya by closing down its main factory in Kajiado County. The firm employed about 500 permanent workers who were all sent home.

8. September 2014 - Eveready East Africa finally shuts down its dry cell plant in Nakuru. It says it will import batteries from Egypt. About 170 workers lost their jobs. In 2013 the firm retrenched 74 employees following up with 26 layoffs in 2009 and 130 in 2008.

9. July 2014 - The British High Commission in Nairobi announces plans to scale down its operations starting December.

10. July 2014 - Global banking conglomerate HSBC announced plans to shut down its Nairobi office 3 years after it kicked off operations. The bank opted to exit Kenya as part of the groups restructuring that has seen it scale down operations in the market.

11. January 2015 - Nestle Kenya scaled down its operations in Kenya sending home 46 senior and junior staff members.

12. November 2011 - Nokia downgraded its Kenya office from regional HQ to a sales office and put it under SA

13. Colgate Palmolive ceased manufacturing in Kenya. It tendered out its plant after a review of its marketing/distribution operations.

14. April 2010. Reckitt Benckiser started selling off its property including a production plant in Kenya scaling down operations.

15. Bridgestone, Johnson & Johnson and Unilever restructured operations opting to serve local market through importing from Egypt.

- GM was to open a bus assembly plant in Kenya but later shelved it. Soon to import ready buses from Egypt.

- Not to mention layoffs at KQ, KMC, Bamburi and pending layoffs at Mumias and Uchumi as well as layoffs in the Hospitality industry as Tourism recovery is slow.



my only problem is that only negatives were picked, now bring the positives we compare to get a verdict


Found another thread with the positives.....let me compile it then post.
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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