alutacontinua wrote:http://www.businessdailyafrica.com/Treasury-cuts-project-budget-by-more-than-Sh200bn/539546-3462638-pd39fyz/index.html
Development spending in the current financial year has been cut by more than Ksh. 200B....
Fiscal reality is forcing the govt to cut back. More and more cuts expected as the debt burden balloons over the next 12-24 months.
Bad macros are finally reflecting in the banks' bottom line. This is the part we get to know which ones are savvy lenders and which ones were swimming naked.
The main purpose of the stock market is to make fools of as many people as possible.