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Kenya Economy Watch
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maka
#1941 Posted : Thursday, November 15, 2018 1:18:57 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Swenani wrote:
MugundaMan wrote:
KulaRaha wrote:
KES depreciation is gonna hurt everyone...given how we are reliant on imports.

Also, I think our foreign debt has gone up by around 50B from this move to 102.80.

Kumira kumira....


This is peni mbili thinking Laughing out loudly
Pray tell, will KES "depreciation" affect exporters negatively? smile This will actual HELP the economy by making consumer imports that do not add to the productive capacity of the country (eg luxury cars) more expensive.




Key word....
possunt quia posse videntur
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Ericsson
#1942 Posted : Thursday, November 15, 2018 1:35:16 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Kenya Shilling weakens to 104.080 against the USD
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#1943 Posted : Thursday, November 15, 2018 2:29:20 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
maka wrote:
Swenani wrote:
MugundaMan wrote:
KulaRaha wrote:
KES depreciation is gonna hurt everyone...given how we are reliant on imports.

Also, I think our foreign debt has gone up by around 50B from this move to 102.80.

Kumira kumira....


This is peni mbili thinking Laughing out loudly
Pray tell, will KES "depreciation" affect exporters negatively? smile This will actual HELP the economy by making consumer imports that do not add to the productive capacity of the country (eg luxury cars) more expensive.




Key word....


You had to highlight in red and bold for faky red hoooooot Laughing out loudly Laughing out loudly Laughing out loudly
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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KulaRaha
#1944 Posted : Thursday, November 15, 2018 2:43:33 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
MugundaMan wrote:
KulaRaha wrote:
KES depreciation is gonna hurt everyone...given how we are reliant on imports.

Also, I think our foreign debt has gone up by around 50B from this move to 102.80.

Kumira kumira....


This is peni mbili thinking Laughing out loudly
Pray tell, will KES "depreciation" affect exporters negatively? smile This will actual HELP the economy by making consumer imports that do not add to the productive capacity of the country (eg luxury cars) more expensive.


Really? Pls check imports vs exports, it will shock you. Why do you think CBK has been managing the rate so closely?
Business opportunities are like buses,there's always another one coming
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lochaz-index
#1945 Posted : Thursday, November 15, 2018 2:56:27 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Ericsson wrote:
Kenya Shilling weakens to 104.080 against the USD

Way overdue. Waiting for around 107 to assess the momentum behind the depreciation.
The main purpose of the stock market is to make fools of as many people as possible.
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KulaRaha
#1946 Posted : Friday, November 16, 2018 7:32:21 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Ericsson wrote:
Kenya Shilling weakens to 104.080 against the USD


Fake news, the highest the USD went yesterday was 103.20 level.

We may see KES retrace at this price.
Business opportunities are like buses,there's always another one coming
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maka
#1947 Posted : Friday, November 16, 2018 8:38:56 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
KulaRaha wrote:
Ericsson wrote:
Kenya Shilling weakens to 104.080 against the USD


Fake news, the highest the USD went yesterday was 103.20 level.

We may see KES retrace at this price.



possunt quia posse videntur
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tinker
#1948 Posted : Friday, November 16, 2018 11:58:48 AM
Rank: Member

Joined: 11/15/2010
Posts: 455
Location: Nairobi
I was in town today and I noticed the populace is significantly lower than usual.
Is this a sign that the economy is not doing well or could it be as a result of strict traffic (Michuki) rules pushing idlers out of the city?.
....He who began a good work in you will carry it on to completion..
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Ericsson
#1949 Posted : Friday, November 16, 2018 1:03:51 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
tinker wrote:
I was in town today and I noticed the populace is significantly lower than usual.
Is this a sign that the economy is not doing well or could it be as a result of strict traffic (Michuki) rules pushing idlers out of the city?.


Most idlers make money by collecting "tax" from matatus
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#1950 Posted : Wednesday, November 21, 2018 6:29:30 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
This is sad.. Kazi kwisha https://www.businessdail..._twitter_impression=true

KQ ABP 4.26
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263 Pages«<193194195196197>»
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