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Kenya Economy Watch
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Ericsson
#2021 Posted : Monday, January 14, 2019 11:24:16 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
jmbada wrote:
maka wrote:
jmbada wrote:
Yliett wrote:
I am really worried that the tourism value has dropped really low. This is very alarming. Tourism is a very big sector in the countries economy. We need to see the reasons for this falling out. I really hope that the countries GDP will grow in the near future. What are your predictions?

The country's growth has been consistently abive 5% for at least 5 years. And, as others have posted, tourism numbers have risen for FY 2018. Now the stock of tourism facilities and destinations has also increased so individual hotels and resorts may not reap the full benefits of the resurgence in tourism numbers.


5% is a joke... Anyway what do I know....

How is 5% growth per annum a joke?


It's lower than the inflation rate.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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maka
#2022 Posted : Monday, January 14, 2019 11:25:57 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Ericsson wrote:
jmbada wrote:
maka wrote:
jmbada wrote:
Yliett wrote:
I am really worried that the tourism value has dropped really low. This is very alarming. Tourism is a very big sector in the countries economy. We need to see the reasons for this falling out. I really hope that the countries GDP will grow in the near future. What are your predictions?

The country's growth has been consistently abive 5% for at least 5 years. And, as others have posted, tourism numbers have risen for FY 2018. Now the stock of tourism facilities and destinations has also increased so individual hotels and resorts may not reap the full benefits of the resurgence in tourism numbers.


5% is a joke... Anyway what do I know....

How is 5% growth per annum a joke?


It's lower than the inflation rate.


It's actually extremely good... I am really sorry about that statement... Pole sana.
possunt quia posse videntur
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jmbada
#2023 Posted : Monday, January 14, 2019 11:40:15 AM
Rank: Member

Joined: 1/1/2011
Posts: 396
Ericsson wrote:
jmbada wrote:
maka wrote:
jmbada wrote:
Yliett wrote:
I am really worried that the tourism value has dropped really low. This is very alarming. Tourism is a very big sector in the countries economy. We need to see the reasons for this falling out. I really hope that the countries GDP will grow in the near future. What are your predictions?

The country's growth has been consistently abive 5% for at least 5 years. And, as others have posted, tourism numbers have risen for FY 2018. Now the stock of tourism facilities and destinations has also increased so individual hotels and resorts may not reap the full benefits of the resurgence in tourism numbers.


5% is a joke... Anyway what do I know....

How is 5% growth per annum a joke?


It's lower than the inflation rate.

Wow! I did not even imagine that I need to specify that I am referring to REAL GDP growth rates, which is the standard reporting methodology for comparative GDP growth rates.
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jmbada
#2024 Posted : Monday, January 14, 2019 11:42:23 AM
Rank: Member

Joined: 1/1/2011
Posts: 396
maka wrote:
Ericsson wrote:
jmbada wrote:
maka wrote:
jmbada wrote:
Yliett wrote:
I am really worried that the tourism value has dropped really low. This is very alarming. Tourism is a very big sector in the countries economy. We need to see the reasons for this falling out. I really hope that the countries GDP will grow in the near future. What are your predictions?

The country's growth has been consistently abive 5% for at least 5 years. And, as others have posted, tourism numbers have risen for FY 2018. Now the stock of tourism facilities and destinations has also increased so individual hotels and resorts may not reap the full benefits of the resurgence in tourism numbers.


5% is a joke... Anyway what do I know....

How is 5% growth per annum a joke?


It's lower than the inflation rate.


It's actually extremely good... I am really sorry about that statement... Pole sana.

I did not say that the growth rate is perfect or in any way ideal. But you cannot refer to it as a joke.
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rwitre
#2025 Posted : Monday, January 14, 2019 11:56:30 AM
Rank: Member

Joined: 3/8/2018
Posts: 507
Location: Nairobi
Things are elephant

Quote:
PARASTATALS

The revelations have now turned the nation’s collective attention to the various multibillion-shilling deals Kenya has signed with government enterprises in China, including major infrastructure deals in the energy and transport sectors.

Because of the collateral clauses, Kenya’s cash-rich parastatals and firms risk Chinese takeover in case of a default.

Among them is the Mombasa-headquartered Kenya Ports Authority, whose exposure risk was recently the subject of an audit query by the Auditor-General.

KPA faces a particularly huge takeover risk as the Chinese loan negotiators ensured it was included in a strict take-or-pay agreement with Kenya Railways Corporation, meaning the port is at the centre of Kenya’s repayment obligations.



PORTS

It is the perfect gateway to a region in which China now commands a huge share of the market, with the value of imports to Kenya alone — mainly machinery and transport equipment — hitting Sh292 billion in the first 10 months of 2018.

KPA is not only responsible for the running of the port of Mombasa, but is also in charge of the development, maintenance, operation, improvement and regulation of the sea ports of Funzi, Kilifi, Kiunga, Lamu, Malindi, Mtwapa, Shimoni and Vanga on the coast of Kenya.

It also manages three inland container depots in Nairobi, Kisumu and Eldoret, and has three liaison offices in Kampala, Kigali and Bujumbura to cater for transit countries.

Another dry port is expected to be constructed in Naivasha, and plans are underway to put up a Sh14 billion port in Kisumu.

The only other State-owned firms with similar strategic importance are Kenya Electricity Generating Company (KenGen), Kenya Power and Kenya Pipeline.


Back room deals of how Kenya was auctioned are coming to light.
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Ericsson
#2026 Posted : Tuesday, January 15, 2019 10:08:50 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://pbs.twimg.com/media/Dw60vf6XQAAQjJK.jpg

https://pbs.twimg.com/media/Dw60vfwXgAEC2fR.jpg

Hon. Moses Kuria proposal to raise the interest rate cap by a margin to accommodate SME risk; so more capital can be redirected to enterprises and not government debt?
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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jmbada
#2027 Posted : Tuesday, January 15, 2019 2:01:33 PM
Rank: Member

Joined: 1/1/2011
Posts: 396
Ericsson wrote:
https://pbs.twimg.com/media/Dw60vf6XQAAQjJK.jpg

https://pbs.twimg.com/media/Dw60vfwXgAEC2fR.jpg

Hon. Moses Kuria proposal to raise the interest rate cap by a margin to accommodate SME risk; so more capital can be redirected to enterprises and not government debt?

The drumbeat on this subject is endless.
https://www.businessdail...34810-o3owko/index.html
Another article from Muthui
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Angelica _ann
#2028 Posted : Wednesday, January 16, 2019 9:47:17 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
When our red hot economy growing at GDP +5% and plus plus and getting hotter, now this. Some imbeciles takes us back in the name of religion. Sad Sad Sad
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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Wakanyugi
#2029 Posted : Wednesday, January 16, 2019 5:10:23 PM
Rank: Veteran

Joined: 7/3/2007
Posts: 1,635
Angelica _ann wrote:
When our red hot economy growing at GDP +5% and plus plus and getting hotter, now this. Some imbeciles takes us back in the name of religion. Sad Sad Sad


This may not hit the economy much (other than short term tourism bookings, which local tourists will likely fill up). If you look at past terrorism events they are often followed by a small positive economic bounce - reflecting a collective 'up yours' to Alkebab (which is how I am feeling right now).

I just listened to a business piece on radio where the announcer was expressing surprise that the Kenya shilling has not tanked yet, despite the terror event at Dusit. I think there is a perverse sense in which Kenyans (and the world in General) seem to have become inured to terrorism and most markets have simply priced it in. Whether this is a good thing or not is beyond me.
"The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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kenyan2019
#2030 Posted : Sunday, January 20, 2019 12:02:14 PM
Rank: New-farer

Joined: 12/30/2018
Posts: 94
Shippers: ‘Forcing us to use trains is a WTO violation’ https://www.businessdail...42814-3s2y7g/index.html via @BD_Africa
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