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Kenya Economy Watch
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Angelica _ann
#1491 Posted : Thursday, November 09, 2017 3:43:19 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Ericsson wrote:
Unable to repay a Sh 77 Billion syndicated loan that was due in October this year, Kenya Govt has requested International creditors to extend repayment period by 6 months to April 2018.
*90% of the creditors are for the extension

In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Ericsson
#1492 Posted : Thursday, November 09, 2017 4:01:06 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Angelica _ann wrote:
Ericsson wrote:
Unable to repay a Sh 77 Billion syndicated loan that was due in October this year, Kenya Govt has requested International creditors to extend repayment period by 6 months to April 2018.
*90% of the creditors are for the extension



This is not a general election of majority rules.That 10% can be holding significant amount of power and can screw you.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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KulaRaha
#1493 Posted : Thursday, November 09, 2017 5:13:02 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Down the slippery slope. We still need to borrow for the new Mombasa road, pipeline amd electrification of sgr.
Business opportunities are like buses,there's always another one coming
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Swenani
#1494 Posted : Thursday, November 09, 2017 6:32:49 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
KulaRaha wrote:
Down the slippery slope. We still need to borrow for the new Mombasa road, pipeline amd electrification of sgr and to pay the maturing debt.

If Obiero did it, Who Am I?
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dsktop
#1495 Posted : Thursday, November 09, 2017 6:34:05 PM
Rank: Member

Joined: 12/17/2007
Posts: 53
Ericsson wrote:
Angelica _ann wrote:
Ericsson wrote:
Unable to repay a Sh 77 Billion syndicated loan that was due in October this year, Kenya Govt has requested International creditors to extend repayment period by 6 months to April 2018.
*90% of the creditors are for the extension



This is not a general election of majority rules.That 10% can be holding significant amount of power and can screw you.



serikali saidia... Sad
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Angelica _ann
#1496 Posted : Thursday, November 09, 2017 6:42:12 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Ericsson wrote:
Angelica _ann wrote:
Ericsson wrote:
Unable to repay a Sh 77 Billion syndicated loan that was due in October this year, Kenya Govt has requested International creditors to extend repayment period by 6 months to April 2018.
*90% of the creditors are for the extension



This is not a general election of majority rules.That 10% can be holding significant amount of power and can screw you.


Laughing out loudly Laughing out loudly Laughing out loudly sawa nimekubali,kwanza that screw you feels very inappropriate .... Sounds literallysmile smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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lochaz-index
#1497 Posted : Thursday, November 09, 2017 8:12:24 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Ericsson wrote:
Unable to repay a Sh 77 Billion syndicated loan that was due in October this year, Kenya Govt has requested International creditors to extend repayment period by 6 months to April 2018.
*10% of the creditors are against the extension

Been wondering why there was no news on this in October when the loan was due...restructured on the down low(soft default).

Treasury is playing Russian roulette with the repayments and the international market hoping they will be able to raise another eurobond at a favourable rate and before the extension expires. Failure to attract the requisite rate or delaying too much to float it will produce a nasty funding squeeze.

Latest BROP update indicates that KE is about 59% buried in debt. Looks like KE is already in a ponzi funding fast lane.
The main purpose of the stock market is to make fools of as many people as possible.
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Ericsson
#1498 Posted : Thursday, November 09, 2017 8:28:47 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Wonder why Treasury secretary Rotich is ranting at moodys.
He doesn't want us to know the truth and the downgrading which will reflect the interest pricing of the bond he wants to issue.
Ponzi scheme kweli
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#1499 Posted : Friday, November 10, 2017 7:11:00 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Angelica _ann wrote:
Ericsson wrote:
Unable to repay a Sh 77 Billion syndicated loan that was due in October this year, Kenya Govt has requested International creditors to extend repayment period by 6 months to April 2018.
*90% of the creditors are for the extension


The 10% of the creditors were paid.The remaining 90% will be paid in April at a higher interest rate.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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WWW
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Angelica _ann
#1500 Posted : Friday, November 10, 2017 9:16:50 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Ericsson wrote:
Angelica _ann wrote:
Ericsson wrote:
Unable to repay a Sh 77 Billion syndicated loan that was due in October this year, Kenya Govt has requested International creditors to extend repayment period by 6 months to April 2018.
*90% of the creditors are for the extension


The 10% of the creditors were paid.The remaining 90% will be paid in April at a higher interest rate.


So what is the amount paid?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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263 Pages«<148149150151152>»
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