Kenya Economy Watch - Page 153 - Economy - Wazua

Welcome Guest

Wazua » Investor » Economy » Kenya Economy Watch

Kenya Economy Watch

Options

Previous Topic · Next Topic

Ericsson		#1521 Posted : Sunday, December 03, 2017 2:28:51 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		http://www.businessdaily...2326-lop58az/index.html The Kenya Revenue Authority (KRA) has poked holes in the tax agreement which Kenya signed with Beijing in September cushioning Chinese firms from paying tax on interest they earn. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
Back to top		WWW \|
User Profile

Ericsson		#1522 Posted : Monday, December 04, 2017 4:33:37 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		http://www.theeastafrica...13514-vfm73p/index.html Economists say the government will be forced to reduce spending on key infrastructure projects to repay the loans. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
Back to top		WWW \|
User Profile

Ericsson		#1523 Posted : Monday, December 04, 2017 4:38:32 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		http://www.theeastafrica...14026-5sujkt/index.html Kenya paid Ksh4.6 billion ($46 million) more in interest on loans than it had budgeted for in the first three months of the current financial year. This came as its revenue collections lagged, underscoring concerns over the country’s rising public debt. The country paid out Ksh67.1 billion ($671 million) as interest against a target of Ksh62.5 billion ($625 million) for its total loans, which currently stand at 54 per cent of the GDP at Ksh4.4 trillion ($44 billion). Revenue collections totalled Ksh345 billion ($3.45 billion), against a target of Ksh388 billion ($3.88 billion). The taxman collected Ksh320 billion ($3.2 billion) against a target of Ksh350 billion ($3.5 billion). Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
Back to top		WWW \|
User Profile

mamilli		#1524 Posted : Tuesday, December 05, 2017 9:27:27 AM
Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi		Embracing productionism.Question is,does the dynamic duo have the will and fortitude to see this through? http://www.businessdaily...14716-144u3k2/index.html Never lose your position in a bull market,BTFD.
Back to top		\|
User Profile

KulaRaha		#1525 Posted : Tuesday, December 05, 2017 11:02:17 AM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		[quote=mamilli]Embracing productionism.Question is,does the dynamic duo have the will and fortitude to see this through? http://www.businessdaily...4716-144u3k2/index.html[/quote] More than 30% will be eaten, its so sad. Business opportunities are like buses,there's always another one coming
Back to top		\|
User Profile

Ericsson		#1526 Posted : Tuesday, December 05, 2017 12:52:36 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		KulaRaha wrote: [quote=mamilli]Embracing productionism.Question is,does the dynamic duo have the will and fortitude to see this through? http://www.businessdaily...4716-144u3k2/index.html[/quote] More than 30% will be eaten, its so sad. Watakula and watapike mbele yetu Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
Back to top		WWW \|
User Profile

Ericsson		#1527 Posted : Thursday, December 14, 2017 12:27:55 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		http://www.businessdaily...7822-oakuhqz/index.html Eastern and Southern Africa Trade and Development Bank (TDB) — formerly PTA Bank — is the issuer of the loan that is one of the most expensive foreign debts Kenya has taken in recent history. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
Back to top		WWW \|
User Profile

Monk		#1528 Posted : Sunday, January 28, 2018 1:47:36 PM
Rank: Member Joined: 7/1/2009 Posts: 272		lochaz-index wrote: wukan wrote: Ericsson wrote: mamilli wrote: Ericsson wrote: 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 If the downgrade happens with the invariable consequence of expensive foreign debt,then we can as well forget the repeal/ammendment of the rate cap law in the medium term. Repeal will be done asap because the next saviour will be IMF bailout who will give conditions and one of them will be repeal interest rates cap. The structural damage is already done. Repealing the cap won't have much of an effect. Only a structural adjustment program will do Quote: Default in personal loan though jumped 42.4 per cent in 2016, compared to the previous year, as uptake of credit by individuals slowed – only growing 6.1 per cent – in the period.... “Contrary to common belief that low rates support NPL reduction, the correlation between lending rates and NPL ratio from FY03 – 2Q17, has been negative (-0.4),” http://www.businessdaily...4288-6ucjohz/index.html Agreed. Repealing/ammending the rate cap is the easy part. The problem is much bigger than that. With treasury seemingly at sea and unwilling/unable to do damage limitation, it will be very interesting to watch how KE sails in the next one year or so. Kajiado County has removed all business signboards between Isinya and Kajiado town, a 20km stretch. Businesses on land touching the tarmac are still be able to advertise from behind their walls, but others on second row and further back have no means of directing clients to their locations. I foresee these businesses getting further depressed, contributing to loan default rates, with or without repeal of the rate cap law. This is an example of GOK actions that hamper rather than help the economy.
Back to top		\|
User Profile

Ericsson		#1529 Posted : Monday, January 29, 2018 12:01:18 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		https://www.businessdail...282150-73a1q9/index.html Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
Back to top		WWW \|
User Profile

wukan		#1530 Posted : Wednesday, February 14, 2018 11:29:35 AM
Rank: Veteran Joined: 11/13/2015 Posts: 1,654		Quote: Moody's Investors Service ("Moody's") has today downgraded the issuer rating of the Government of Kenya to B2 from B1 and assigned a stable outlook. This concludes the review for downgrade that commenced on October 2, 2017. The drivers of the downgrade relate to an erosion of fiscal metrics and rising liquidity risks that point to overall credit metrics consistent with a B2 rating. The fiscal outlook is weakening with a rise in debt levels and deterioration in debt affordability that Moody's expects to continue. In turn, large gross financing needs and reliance on commercial external debt will maintain government liquidity pressures. While the government aims to improve the efficiency of spending and revenues, such measures are unlikely to be effective enough to stem a weakening in fiscal trends. Quote: Moody's forecasts government debt to increase to 61% of GDP in fiscal year 2018/19 (the year ending in June 2019), from 56% of GDP in FY 2016/17 and 41% of GDP in FY 2011/12. Large infrastructure-related development spending needs combined with subdued revenue collection and a rising cost of debt will result in large fiscal deficits and keep government debt on an upward trend. Quote: Debt affordability is deteriorating as reflected by the increase in government interest payments as a share of revenue to 19% in FY2017/18, from 13.7% in FY2012/13. We expect a further rise to 20% in 2018. Kenya's government external debt, which stood at 31.6% of GDP as of June 2017, continues to shift away from concessional debt toward commercial and semi-concessional debt, leading to higher financing costs. Between June 2013 and June 2017, the share of commercial external debt increased from 7% to 31% of total external debt. FYI....as useful as the cartoon section of the newspaper
Back to top		\|
User Profile

263 Pages«<151152153154155>»

Wazua » Investor » Economy » Kenya Economy Watch

Forum Jump

You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Watch this topic
Print this topic

Normal
Threaded