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Kenya Economy Watch
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Ericsson
#1501 Posted : Friday, November 10, 2017 10:13:34 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Angelica _ann wrote:
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?


When I get the figure will inform you
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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tandich
#1502 Posted : Friday, November 10, 2017 12:26:04 PM
Rank: Member

Joined: 5/6/2008
Posts: 199
Ericsson wrote:
Angelica _ann wrote:
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?


When I get the figure will inform you


And if you can, what is the increase in interest?
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Ericsson
#1503 Posted : Friday, November 10, 2017 1:29:08 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
In March, Kenya borrowed Sh82 billion ($800 million) in a syndicated loan from a consortium of four banks – Standard Chartered, Standard Bank, Citi and Rand Merchant Bank.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#1504 Posted : Saturday, November 11, 2017 10:01:25 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
I see Treasury secretary Rotich visiting IMF very soon
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Saturday, November 11, 2017 12:08 PM | Reason: Not specified
aemathenge
#1505 Posted : Saturday, November 11, 2017 12:52:20 PM
Rank: Elder

Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
Ericsson wrote:
I see Treasury secretary Rotich visiting IMF very soon

A Cabinet Secretary in Charge of the Treasury, yes but most likely not Rotich.

Apparently, Rotich is one of the Members of the Cabinet on his way out, according to the mucheneneko columns of the Star.
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Swenani
#1506 Posted : Sunday, November 12, 2017 11:13:46 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Venezuela likely to go bankrupt tomorrow
If Obiero did it, Who Am I?
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Angelica _ann
#1507 Posted : Sunday, November 12, 2017 11:17:30 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Swenani wrote:
Venezuela likely to go bankrupt tomorrow

With all the oil reserves they have, how now? That is serious mismanagement!!!
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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obiero
#1508 Posted : Sunday, November 19, 2017 8:02:17 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
Angelica _ann wrote:
Swenani wrote:
Venezuela likely to go bankrupt tomorrow

With all the oil reserves they have, how now? That is serious mismanagement!!!

We are in a similar predicament.. The two men will finish us

KQ ABP 4.26
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mlennyma
#1509 Posted : Monday, November 20, 2017 7:50:08 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
obiero wrote:
Angelica _ann wrote:
Swenani wrote:
Venezuela likely to go bankrupt tomorrow

With all the oil reserves they have, how now? That is serious mismanagement!!!

We are in a similar predicament.. The two men will finish us

and especially when the careless borrowing to service interest fails
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#1510 Posted : Monday, November 20, 2017 9:13:30 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
mlennyma wrote:
obiero wrote:
Angelica _ann wrote:
Swenani wrote:
Venezuela likely to go bankrupt tomorrow

With all the oil reserves they have, how now? That is serious mismanagement!!!

We are in a similar predicament.. The two men will finish us

and especially when the careless borrowing to service interest fails


Add to ratings downgrade and interest rates rising in EU and America which makes it expensive for kenya to borrow internationally
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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263 Pages«<149150151152153>»
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