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Kenya Economy Watch
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Superprime1
#1671 Posted : Monday, August 06, 2018 10:55:32 AM
Rank: Member

Joined: 5/2/2018
Posts: 267
The IMF has tasked The Treasury & CBK to implement policies that'll achieve a fiscal deficit target of 5.7% of the GDP in FY2018/19, down from the 7% of GDP in FY2017/18. IMF staff also discussed interest rate controls & structural reforms to sustain investment-driven, inclusive growth.

Brace for tough times ahead.

The 7% fiscal deficit was a significant tightening from the previous year’s deficit of 9% of GDP in FY2016/17.

To achieve this, the authorities had to rationalise expenditure, as revenues significantly underperformed, coming in 2.2% of GDP in FY2017/18, lower than IMF programme targets.

IMO, this means the government needs to borrow less; but as evident, it's appetite for loans is still so huge that it has crowded out the private sector from commercial banks' lending.

Further tightening on public expenditure could easily mean genuine contractors (if they exist) will hardly be paid, and of course, there'll be less money in circulation. Already, the effect of less money in circulation is being felt in the economy.
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Superprime1
#1672 Posted : Monday, August 06, 2018 12:30:10 PM
Rank: Member

Joined: 5/2/2018
Posts: 267
In a paid-up advert today, Unilever Tea Kenya says it "has received an overwhelming response" to its second phase of an ongoing Voluntary Early Retirement/Separation Programme, indicating that the exercise is not running "contrary to the wishes of workers".
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Ericsson
#1673 Posted : Thursday, August 09, 2018 4:48:29 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://www.businessdail...4720-13evl2e/index.html

The Treasury is recruiting a team of debt management experts in a move that signals rising concern over Kenya’s spiralling loans load that has exerted liquidity pressures on the economy.

Up to 20 experts are being hired in the recruitment drive intended to sharpen the government’s focus on management of costs and ability to raise and service new debt, the Treasury said in a notice inviting applications for the jobs.

“They will provide guidance in determining borrowing ceilings for national and county governments,” Treasury Principal Secretary Kamau Thugge says in the job descriptions seen by the Business Daily.

The experts will formulate debt management policies…and review proposals to inform the determination of the annual borrowing threshold, the PS says.

Correction: IMF recruiting receiver managers.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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WWW
  | | Edit by user: Thursday, August 09, 2018 4:49 PM | Reason: Not specified
mulla
#1674 Posted : Thursday, August 09, 2018 5:13:59 PM
Rank: Member

Joined: 6/15/2013
Posts: 301
Ericsson wrote:
https://www.businessdailyafrica.com/economy/Treasury-seeks-debt-expert-help/3946234-4704720-13evl2e/index.html

The Treasury is recruiting a team of debt management experts in a move that signals rising concern over Kenya’s spiralling loans load that has exerted liquidity pressures on the economy.

Up to 20 experts are being hired in the recruitment drive intended to sharpen the government’s focus on management of costs and ability to raise and service new debt, the Treasury said in a notice inviting applications for the jobs.

“They will provide guidance in determining borrowing ceilings for national and county governments,” Treasury Principal Secretary Kamau Thugge says in the job descriptions seen by the Business Daily.

The experts will formulate debt management policies…and review proposals to inform the determination of the annual borrowing threshold, the PS says.

Correction: IMF recruiting receiver managers.


Kwani kazi ya Rotich and Thugge and all those financial experts under them ni gani (on tax payers money) hadi they have to outsource now. If they cant do the work they ship out!!!
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Angelica _ann
#1675 Posted : Thursday, August 09, 2018 5:23:15 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
mulla wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/economy/Treasury-seeks-debt-expert-help/3946234-4704720-13evl2e/index.html

The Treasury is recruiting a team of debt management experts in a move that signals rising concern over Kenya’s spiralling loans load that has exerted liquidity pressures on the economy.

Up to 20 experts are being hired in the recruitment drive intended to sharpen the government’s focus on management of costs and ability to raise and service new debt, the Treasury said in a notice inviting applications for the jobs.

“They will provide guidance in determining borrowing ceilings for national and county governments,” Treasury Principal Secretary Kamau Thugge says in the job descriptions seen by the Business Daily.

The experts will formulate debt management policies…and review proposals to inform the determination of the annual borrowing threshold, the PS says.

Correction: IMF recruiting receiver managers.


Kwani kazi ya Rotich and Thugge and all those financial experts under them ni gani (on tax payers money) hadi they have to outsource now. If they cant do the work they ship out!!!


We said it .... SGR, NYS etc tukaambiwo ni wivu 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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RIEK01
#1676 Posted : Thursday, August 09, 2018 8:27:16 PM
Rank: New-farer

Joined: 2/8/2018
Posts: 73
Time to start piling on $
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lochaz-index
#1677 Posted : Friday, August 10, 2018 6:38:39 AM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Ericsson wrote:
https://www.businessdailyafrica.com/economy/Treasury-seeks-debt-expert-help/3946234-4704720-13evl2e/index.html

The Treasury is recruiting a team of debt management experts in a move that signals rising concern over Kenya’s spiralling loans load that has exerted liquidity pressures on the economy.

Up to 20 experts are being hired in the recruitment drive intended to sharpen the government’s focus on management of costs and ability to raise and service new debt, the Treasury said in a notice inviting applications for the jobs.

“They will provide guidance in determining borrowing ceilings for national and county governments,” Treasury Principal Secretary Kamau Thugge says in the job descriptions seen by the Business Daily.

The experts will formulate debt management policies…and review proposals to inform the determination of the annual borrowing threshold, the PS says.

Correction: IMF recruiting receiver managers.

With that development we can rule out inflation finance as a GoK option.
The main purpose of the stock market is to make fools of as many people as possible.
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newfarer
#1678 Posted : Friday, August 10, 2018 6:45:24 AM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
Ericsson wrote:
https://www.businessdailyafrica.com/economy/Treasury-seeks-debt-expert-help/3946234-4704720-13evl2e/index.html

The Treasury is recruiting a team of debt management experts in a move that signals rising concern over Kenya’s spiralling loans load that has exerted liquidity pressures on the economy.

Up to 20 experts are being hired in the recruitment drive intended to sharpen the government’s focus on management of costs and ability to raise and service new debt, the Treasury said in a notice inviting applications for the jobs.

“They will provide guidance in determining borrowing ceilings for national and county governments,” Treasury Principal Secretary Kamau Thugge says in the job descriptions seen by the Business Daily.

The experts will formulate debt management policies…and review proposals to inform the determination of the annual borrowing threshold, the PS says.

Correction: IMF recruiting receiver managers.

experts for what?

who never saw this coming?
http://www.wazua.co.ke/f...px?g=posts&m=773589
punda amecheka
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  | | Edit by user: Friday, August 10, 2018 6:48 AM | Reason: Not specified
rwitre
#1679 Posted : Friday, August 10, 2018 9:26:50 AM
Rank: Member

Joined: 3/8/2018
Posts: 507
Location: Nairobi
Ericsson wrote:
https://www.businessdailyafrica.com/economy/Treasury-seeks-debt-expert-help/3946234-4704720-13evl2e/index.html

The Treasury is recruiting a team of debt management experts in a move that signals rising concern over Kenya’s spiralling loans load that has exerted liquidity pressures on the economy.

Up to 20 experts are being hired in the recruitment drive intended to sharpen the government’s focus on management of costs and ability to raise and service new debt, the Treasury said in a notice inviting applications for the jobs.

“They will provide guidance in determining borrowing ceilings for national and county governments,” Treasury Principal Secretary Kamau Thugge says in the job descriptions seen by the Business Daily.

The experts will formulate debt management policies…and review proposals to inform the determination of the annual borrowing threshold, the PS says.

Correction: IMF recruiting receiver managers.



Meanwhile... Petrol price to hit Sh130 as VAT charge kicks in: PS Thugge says there is no turning back on the promise Treasury made to IMF. Read in today's @BD_Africa
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WWW
  | | Edit by user: Friday, August 10, 2018 9:28 AM | Reason: Not specified
maka
#1680 Posted : Friday, August 10, 2018 9:32:58 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
newfarer wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/economy/Treasury-seeks-debt-expert-help/3946234-4704720-13evl2e/index.html

The Treasury is recruiting a team of debt management experts in a move that signals rising concern over Kenya’s spiralling loans load that has exerted liquidity pressures on the economy.

Up to 20 experts are being hired in the recruitment drive intended to sharpen the government’s focus on management of costs and ability to raise and service new debt, the Treasury said in a notice inviting applications for the jobs.

“They will provide guidance in determining borrowing ceilings for national and county governments,” Treasury Principal Secretary Kamau Thugge says in the job descriptions seen by the Business Daily.

The experts will formulate debt management policies…and review proposals to inform the determination of the annual borrowing threshold, the PS says.

Correction: IMF recruiting receiver managers.

experts for what?

who never saw this coming?
http://www.wazua.co.ke/f...px?g=posts&m=773589



Maybe an idiot.... smile
possunt quia posse videntur
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