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Kenya Economy Watch
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kayhara
#1841 Posted : Wednesday, October 03, 2018 1:41:20 PM
Rank: Veteran

Joined: 5/5/2011
Posts: 1,059
Ericsson wrote:
https://www.standardmedia.co.ke/business/article/2001296841/oversupply-may-spike-your-power-bill-by-70pc

my Layman's economic thinking would be to lower power prices as supply exceeds demand this would lead to kenyans consuming more power ie, i know many who would like to run their ac full time but power is prohibitive, another would be to lower prices of electrical appliances for homes small industries in place of fuel powered machines, a good example is in my construction industry where i would like to use electric concrete mixer instead of the noisy diesel one
To Each His Own
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kawi254
#1842 Posted : Wednesday, October 03, 2018 3:22:07 PM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
Ericsson wrote:
[quote=obiero]When it rains it pours https://www.businessdail...8534-3s8b3iz/index.html[/quote]

Waah and KRA still expects to collect more revenue



Bollore are being economical with the truth.

In March 2018 Bollore partnered with SGR to fill a whole train with 108 TEUs.
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whiteowl
#1843 Posted : Wednesday, October 03, 2018 4:09:59 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Ericsson wrote:
[quote=obiero]When it rains it pours https://www.businessdail...8534-3s8b3iz/index.html[/quote]

Waah and KRA still expects to collect more revenue


Plus most taxes are going into a black hole.Like the 1.5% deduction for the housing scheme.You have better chances of buying a house by staking 1.5% of your salary on Sportpesa than contributing to that housing scheme.
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obiero
#1844 Posted : Wednesday, October 03, 2018 5:23:04 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
whiteowl wrote:
Ericsson wrote:
obiero wrote:
When it rains it pours https://www.businessdail...8534-3s8b3iz/index.html


Waah and KRA still expects to collect more revenue


Plus most taxes are going into a black hole.Like the 1.5% deduction for the housing scheme.You have better chances of buying a house by staking 1.5% of your salary on Sportpesa than contributing to that housing scheme.

The housing scheme tax will not be implemented. I spoke to the president

KQ ABP 4.26
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Angelica _ann
#1845 Posted : Wednesday, October 03, 2018 5:35:02 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
kawi254 wrote:
Ericsson wrote:
[quote=obiero]When it rains it pours https://www.businessdail...8534-3s8b3iz/index.html[/quote]

Waah and KRA still expects to collect more revenue



Bollore are being economical with the truth.

In March 2018 Bollore partnered with SGR to fill a whole train with 108 TEUs.



But the reason they have give is true, the retrenchment/redundancy has been caused by SGR. How is that being economical with the truth.
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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Ericsson
#1846 Posted : Wednesday, October 03, 2018 8:23:39 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
obiero wrote:
whiteowl wrote:
Ericsson wrote:
obiero wrote:
When it rains it pours https://www.businessdail...8534-3s8b3iz/index.html


Waah and KRA still expects to collect more revenue


Plus most taxes are going into a black hole.Like the 1.5% deduction for the housing scheme.You have better chances of buying a house by staking 1.5% of your salary on Sportpesa than contributing to that housing scheme.

The housing scheme tax will not be implemented. I spoke to the president

I hope so and may it come to pass
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Cde Monomotapa
#1847 Posted : Friday, October 05, 2018 11:51:14 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
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Cde Monomotapa
#1848 Posted : Friday, October 05, 2018 12:15:44 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
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Cde Monomotapa
#1849 Posted : Friday, October 05, 2018 2:15:11 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Sanford $ Son: NSE corporate Kenya junk promoters.

Stockbrokers suffer losses after activity dips at NSE http://www.theeastafrica...3794-ml43uaz/index.html

Investors blame taxes for foreign exits at the bourse https://www.nation.co.ke...791910-ictiby/index.html
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rwitre
#1850 Posted : Friday, October 05, 2018 2:57:18 PM
Rank: Member

Joined: 3/8/2018
Posts: 507
Location: Nairobi
[quote=Cde Monomotapa]Sanford $ Son: NSE corporate Kenya junk promoters.

Stockbrokers suffer losses after activity dips at NSE http://www.theeastafrica...3794-ml43uaz/index.html

Investors blame taxes for foreign exits at the bourse https://www.nation.co.ke...91910-ictiby/index.html[/quote]

The bear that began towards end of 2014 was triggered by treasury wanting to introduce capital gains tax on the NSE. Since then it has been a downward spiral. From electioneering period, skyrocketing debt, interest rate cap, and now low liquidity in the economy and taxes everywhere. Treasury mandarins keep chest-thumping that we're on the right course. It's sad really.
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