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Spikes		#1471 Posted : Sunday, July 16, 2017 5:57:33 AM
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa		Ericsson wrote: http://www.businessdailyafrica.com/economy/400-Chinese-workers-sign-deal-to-run-SGR-operations/3946234-4016138-xq2w4l/index.html What is left for the Kenyan people. Ukoloni mambo leo John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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winston		#1472 Posted : Monday, July 17, 2017 11:27:01 AM
Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi		Spikes wrote: Ericsson wrote: http://www.businessdailyafrica.com/economy/400-Chinese-workers-sign-deal-to-run-SGR-operations/3946234-4016138-xq2w4l/index.html What is left for the Kenyan people. Ukoloni mambo leo Nothing surprising. I recall a clip I received where one of the political commentators said that this thing SGR stinks...His arguments were that : Feasibility was done by the Chinese; Costing was done by the Chinese; Financing was done by the Chinese; Contract for construction by the Chinese; Locomotives supplied by the Chinese; Railway to be run by....you guessed it - the Chinese. Sisemi kitu!
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Ericsson		#1473 Posted : Wednesday, July 19, 2017 6:14:16 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		http://www.theeastafrica...21044-rx0u1s/index.html Kenya is spending a larger proportion of its revenue on paying debts than its peers Uganda, Rwanda and Ghana, international rating agency Fitch has said in its latest assessment of the economy. The agency retained the country’s rating at negative outlook, the same as its previous view late last year, and worse than the stable rating that another agency Standard & Poor’s gave the country earlier this year. The largest economy in East Africa spends 16.5 per cent of its revenue on interest payments, compared with 9.6 per cent spent by other countries with a similar credit rating. “The debt servicing costs consume an outsized portion of Kenya’s revenue. Both total debt and interest payments as a percentage of revenue, at 262 per cent and 16.5 per cent respectively, are higher than the B medians of 227 per cent and 9.6 per cent,” said Fitch. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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winston		#1474 Posted : Wednesday, July 19, 2017 7:21:57 PM
Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi		Ericsson wrote: http://www.theeastafrican.co.ke/business/Kenya-retains-negative-rating-over-rising-debt/2560-4021044-rx0u1s/index.html Kenya is spending a larger proportion of its revenue on paying debts than its peers Uganda, Rwanda and Ghana, international rating agency Fitch has said in its latest assessment of the economy. The agency retained the country’s rating at negative outlook, the same as its previous view late last year, and worse than the stable rating that another agency Standard & Poor’s gave the country earlier this year. The largest economy in East Africa spends 16.5 per cent of its revenue on interest payments, compared with 9.6 per cent spent by other countries with a similar credit rating. “The debt servicing costs consume an outsized portion of Kenya’s revenue. Both total debt and interest payments as a percentage of revenue, at 262 per cent and 16.5 per cent respectively, are higher than the B medians of 227 per cent and 9.6 per cent,” said Fitch. Living dangerously
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Ericsson		#1475 Posted : Wednesday, July 19, 2017 9:59:29 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		winston wrote: Spikes wrote: Ericsson wrote: http://www.businessdailyafrica.com/economy/400-Chinese-workers-sign-deal-to-run-SGR-operations/3946234-4016138-xq2w4l/index.html What is left for the Kenyan people. Ukoloni mambo leo Nothing surprising. I recall a clip I received where one of the political commentators said that this thing SGR stinks...His arguments were that : Feasibility was done by the Chinese; Costing was done by the Chinese; Financing was done by the Chinese; Contract for construction by the Chinese; Locomotives supplied by the Chinese; Railway to be run by....you guessed it - the Chinese. Sisemi kitu! Chinese workers employed in Kenya's SGR as sweepers/cleaners are paid a monthly salary of Ksh 78,000 Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#1476 Posted : Wednesday, July 19, 2017 11:56:47 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		The proportion of Kenya's budget going to welfare programs is rising fast at national and county level Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#1477 Posted : Thursday, July 20, 2017 10:13:24 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		http://af.reuters.com/ar...itiesNews/idAFL5N1KB6GA Kenya collected taxes of 1.365 trillion shillings ($13.15 billion) in the fiscal year that ended last month, setting a new record high but missing the target by 9 percent, the revenue agency said on Thursday. The data released by the Kenya Revenue Authority (KRA) showed the collection rose 13.8 percent from the previous year but still fell short of the target set by the government of 1.5 trillion shillings. Collections grew across all tax segments, KRA said in a statement. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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maka		#1478 Posted : Monday, July 24, 2017 6:52:26 PM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		Ericsson wrote: Capital Economics says they have concerns about the accuracy of Kenya's official GDP Data. possunt quia posse videntur
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winston		#1479 Posted : Tuesday, July 25, 2017 9:03:47 PM
Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi		Ericsson wrote: winston wrote: Spikes wrote: Ericsson wrote: http://www.businessdailyafrica.com/economy/400-Chinese-workers-sign-deal-to-run-SGR-operations/3946234-4016138-xq2w4l/index.html What is left for the Kenyan people. Ukoloni mambo leo Nothing surprising. I recall a clip I received where one of the political commentators said that this thing SGR stinks...His arguments were that : Feasibility was done by the Chinese; Costing was done by the Chinese; Financing was done by the Chinese; Contract for construction by the Chinese; Locomotives supplied by the Chinese; Railway to be run by....you guessed it - the Chinese. Sisemi kitu! Chinese workers employed in Kenya's SGR as sweepers/cleaners are paid a monthly salary of Ksh 78,000 Eish! Ati what? Ok...who owns Kenya? Iko na wenyewe au wachineywe?
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Ericsson		#1480 Posted : Saturday, August 26, 2017 9:36:58 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		http://kenyanwallstreet....mbasa-port-road-project The Japanese Government has signed an agreement to loan the government of Kenya Kshs 11.8 Billion to finance the second phase of the Mombasa Port Area Road Development Project Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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