Then I find your comment "100bps is enough to stimulate the economy" even more ludicrous.

And USDKES performs as I stated several months ago! I said KES would strengthen vs USD yet the consensus here at wazua was heavily tilted against me.

Now we wait to see the 'rationalization' that fundamentalists will come up with!

Elliott and the markets is the best predictor of fundamentals...Prechter.

These guys the likes of @mnandii don't hibernate. They only log on as 'guests.' They are ever available counted as unsigned up.

Thanks @mnandii for your significant contribution.

Short-term thinking isn't it? Perhaps folks have become smarter and don't take actions that "result in a bounce on the indices albeit shallow and short-lived" anymore.

In the short-term raising taxes on Kerosene to match Diesel/Petrol will cause some consternation as we approach the elections.

In the long-term, it is a good thing as Kerosene is a 'dirty' fuel especially when burned at low temperatures. Planes use Kerosene (Jet-A1) but it is burned at a very high temperature thus there's less soot produced and a higher 'energy' output.

Kerosene often provides poor quality light vs LPG or LED lamps powered by solar power.
The soot produced by burning kerosene at home is harmful to the eyes and lungs. A transition should be made to better alternatives.

In the long-term, the cost of burning kerosene exceeds LPG and/or solar for the same amount of light and heat. I believe GoK should encourage the uptake of M-Kopa (& its competitors) for lighting. For cooking I think the focus should be on LPG which can replace firewood, charcoal and kerosene.

Other alternatives include bio-fuels including biogel (essentially ethanol). Then there is all the trash which can be converted into clean burning briquettes OR a 'community' high temperature furnace that provides centralized cooking facilities.