Wazua
»
Investor
»
Economy
»
Kenya Economy Watch
Rank: Elder Joined: 7/26/2007 Posts: 6,514
|
Obviously, considering it is so heavily managed by CBK Business opportunities are like buses,there's always another one coming
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
|
Kenya economy grew by 5.7% in Q1 2018 while inflation averaged 4.5%. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Veteran Joined: 9/18/2014 Posts: 1,127
|
Quote:Kenya cannot afford to take more loans since mega infrastructure projects undertaken by the Government are not making any money to repay debts.
Central Bank Governor Patrick Njoroge said the State had to abandon the model of borrowing and let the private sector drive the economy. Debt mix. Quote:The three were speaking yesterday at the Moody’s fifth Annual East Africa Summit in Nairobi where the ratings firm pointed out that commercial borrowing has contributed to worsening debt affordability. https://www.standardmedi..._twitter_impression=trueThe main purpose of the stock market is to make fools of as many people as possible.
|
|
|
Rank: Veteran Joined: 11/13/2015 Posts: 1,654
|
Yesterday saw the first demos from the Nairobi business community. Tick tock...crunch time  Quote:The government is failing to pay many of its contractors on time, as corruption drains funds for legitimate projects from state coffers, suppliers and officials say.
The late payments are in turn hitting the financial sector, where non-performing loans have jumped this year to their highest level in more than a decade.
"No bank wants to finance you any more especially if you have a contract from the government," said one small business owner who spoke on condition of anonymity.
A second supplier said: "You get disrupted in the middle of (the contract) ... either because you are not speaking to the right people, making commitments to the right people, or your payments may just be delayed."
https://www.the-star.co....s-state-coffers_c1782564
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
|
wukan wrote:Yesterday saw the first demos from the Nairobi business community. Tick tock...crunch time Quote:The government is failing to pay many of its contractors on time, as corruption drains funds for legitimate projects from state coffers, suppliers and officials say.
The late payments are in turn hitting the financial sector, where non-performing loans have jumped this year to their highest level in more than a decade.
"No bank wants to finance you any more especially if you have a contract from the government," said one small business owner who spoke on condition of anonymity.
A second supplier said: "You get disrupted in the middle of (the contract) ... either because you are not speaking to the right people, making commitments to the right people, or your payments may just be delayed."
https://www.the-star.co....-state-coffers_c1782564
The two men have finished us
KQ ABP 4.26
|
|
|
Rank: Elder Joined: 12/7/2012 Posts: 11,935
|
The 0.05% tax on transfers of over .5m is crazy. They need to put an upper limit. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
obiero wrote:wukan wrote:Yesterday saw the first demos from the Nairobi business community. Tick tock...crunch time Quote:The government is failing to pay many of its contractors on time, as corruption drains funds for legitimate projects from state coffers, suppliers and officials say.
The late payments are in turn hitting the financial sector, where non-performing loans have jumped this year to their highest level in more than a decade.
"No bank wants to finance you any more especially if you have a contract from the government," said one small business owner who spoke on condition of anonymity.
A second supplier said: "You get disrupted in the middle of (the contract) ... either because you are not speaking to the right people, making commitments to the right people, or your payments may just be delayed."
https://www.the-star.co....-state-coffers_c1782564
The two men have finished us Their balls are being squeezed by IMF. Life is short. Live passionately.
|
|
|
Rank: Elder Joined: 12/7/2012 Posts: 11,935
|
sparkly wrote:obiero wrote:wukan wrote:Yesterday saw the first demos from the Nairobi business community. Tick tock...crunch time Quote:The government is failing to pay many of its contractors on time, as corruption drains funds for legitimate projects from state coffers, suppliers and officials say.
The late payments are in turn hitting the financial sector, where non-performing loans have jumped this year to their highest level in more than a decade.
"No bank wants to finance you any more especially if you have a contract from the government," said one small business owner who spoke on condition of anonymity.
A second supplier said: "You get disrupted in the middle of (the contract) ... either because you are not speaking to the right people, making commitments to the right people, or your payments may just be delayed."
https://www.the-star.co....-state-coffers_c1782564
The two men have finished us Their balls are being squeezed by IMF. Kwani how come IMF never did this in the 10 years of Kibaki rule? In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
|
Angelica _ann wrote:sparkly wrote:obiero wrote:wukan wrote:Yesterday saw the first demos from the Nairobi business community. Tick tock...crunch time Quote:The government is failing to pay many of its contractors on time, as corruption drains funds for legitimate projects from state coffers, suppliers and officials say.
The late payments are in turn hitting the financial sector, where non-performing loans have jumped this year to their highest level in more than a decade.
"No bank wants to finance you any more especially if you have a contract from the government," said one small business owner who spoke on condition of anonymity.
A second supplier said: "You get disrupted in the middle of (the contract) ... either because you are not speaking to the right people, making commitments to the right people, or your payments may just be delayed."
https://www.the-star.co....-state-coffers_c1782564
The two men have finished us Their balls are being squeezed by IMF. Kwani how come IMF never did this in the 10 years of Kibaki rule? IMF come in when you mess up yourself/your economy. If everything is going on well they stay afar. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
|
Angelica _ann wrote:sparkly wrote:obiero wrote:wukan wrote:Yesterday saw the first demos from the Nairobi business community. Tick tock...crunch time Quote:The government is failing to pay many of its contractors on time, as corruption drains funds for legitimate projects from state coffers, suppliers and officials say.
The late payments are in turn hitting the financial sector, where non-performing loans have jumped this year to their highest level in more than a decade.
"No bank wants to finance you any more especially if you have a contract from the government," said one small business owner who spoke on condition of anonymity.
A second supplier said: "You get disrupted in the middle of (the contract) ... either because you are not speaking to the right people, making commitments to the right people, or your payments may just be delayed."
https://www.the-star.co....-state-coffers_c1782564
The two men have finished us Their balls are being squeezed by IMF. Kwani how come IMF never did this in the 10 years of Kibaki rule? Kibaki had a balanced budget on his second financial year of his regime.The deficits after that were managable.
|
|
|
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.
|