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Kenya Economy Watch
Rank: Member Joined: 8/16/2012 Posts: 660
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mwekez@ji wrote:Museveni wrote:mwekez@ji wrote:josimar wrote:http://www.businessdailyafrica....58/-/lbntyb/-/index.htmlRed flags are always being raised on Kenya's rising debt levels but no substantial debate comes out of it . The writer in todays Business Daily by using statistics from CBK has expressed some hard facts that the economy has potential to follow the path of Euro crisis. Give us a link to the CBK statistics document. That BD article has presented many assumptions which seem incorrect @josimar anamaanisha  @josimar @Museveni, et al, give us a link to the CBK document giving those projections Just pointing out the asterisked pic @josimar refered to data from CBK Assumptions na exclusions ni mingi though. Definitely not a thorough but just a general representation of the debt situation Live and learn; and don’t forget, nothing ventured, nothing gained.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Museveni wrote:mwekez@ji wrote:Museveni wrote:mwekez@ji wrote:josimar wrote:http://www.businessdailyafrica....58/-/lbntyb/-/index.htmlRed flags are always being raised on Kenya's rising debt levels but no substantial debate comes out of it . The writer in todays Business Daily by using statistics from CBK has expressed some hard facts that the economy has potential to follow the path of Euro crisis. Give us a link to the CBK statistics document. That BD article has presented many assumptions which seem incorrect @josimar anamaanisha @josimar @Museveni, et al, give us a link to the CBK document giving those projections Just pointing out the asterisked pic @josimar refered to data from CBK Assumptions na exclusions ni mingi though. Definitely not a thorough but just a general representation of the debt situation Incorrect assumptions nullifies the above picture making it not to be a representation of the debt situation in any way
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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 Eurobond offer still on course, says Treasury"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 2/8/2007 Posts: 808
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@muchr you gotta be kidding right?
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Rank: Member Joined: 8/16/2012 Posts: 660
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On the week Nairobi came under siege: NSE wrote:EQUITIES
Week on week, turnover declined to Kes.2.1bn from Kes.2.8bn posted the previous week, the number of shares traded stood at 127M against 120M the previous week.
The NSE 20 Share Index was up 0.34% during the week to stand at 4768.03 points.
All Share Index (NASI) was up 1.12% during the week to settle at 126.05 points. Live and learn; and don’t forget, nothing ventured, nothing gained.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Seconded
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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Rank: Member Joined: 8/16/2012 Posts: 660
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CBK replaces Ndung’u as board chairmanQuote:Njuguna Ndung’u has been replaced as the chairman of the Central Bank of Kenya (CBK) following the passage of a controversial law seeking to trim the powers of the governor and foster good governance.
Economist Mbui Wagacha has been elected as the interim chairman awaiting a formal appointment by the President as per the rules passed last year. This is the first time this has happened since Independence in 1963. Live and learn; and don’t forget, nothing ventured, nothing gained.
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Rank: Member Joined: 8/16/2012 Posts: 660
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Westgate attack slashes 0.5pc off 2013 growth Quote:The terrorist attack at the Westgate Mall is expected to wipe at least 0.5 per cent off Kenya’s projected economic growth this year as a result of a worsened security risk profile, analysts said last week, even as the Treasury remained upbeat on growth projections. Live and learn; and don’t forget, nothing ventured, nothing gained.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Kenya seeks investors for coal and natural gas power plants
Kenya has invited bids from investors for the development of two power plants with a combined output of up to 1,800 megawatts (MW) from coal and natural gas, the ministry of energy said on Wednesday. "The proposed project will be a 700-800MW power plant to be located on a 300 acre parcel of land at Dongo Kundu or any other appropriate location between Mombasa and Kilifi," the ministry said in a statement. The ministry also plans to build a 900-1,000MW coal power plant in Lamu, a coastal region in northern Kenya where the government wants to develop a $5.5 billion mega port that will link landlocked South Sudan and Ethiopia to the Indian Ocean.
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Rank: Member Joined: 7/6/2010 Posts: 242
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Quote:Kenya seeks investors for coal and natural gas power plants
Kenya has invited bids from investors for the development of two power plants with a combined output of up to 1,800 megawatts (MW) from coal and natural gas, the ministry of energy said on Wednesday.
"The proposed project will be a 700-800MW power plant to be located on a 300 acre parcel of land at Dongo Kundu or any other appropriate location between Mombasa and Kilifi," the ministry said in a statement.
The ministry also plans to build a 900-1,000MW coal power plant in Lamu, a coastal region in northern Kenya where the government wants to develop a $5.5 billion mega port that will link landlocked South Sudan and Ethiopia to the Indian Ocean. This is the direction we should move in terms of power generation , the current power generation is 1,300mw , and in the next 60months we plan to add an additional 5,000mw in the grid increasing Our output to 6,300mw approximately , my concern is and any power economist will tell You it is very risky to have 1 power plant contributing to 10% of Your total energy output mainly because when the plant is down Your grid output will be less by a massive 10% . That is why it will be wise for the government to have split the project to 2 x 400mw so that You have 2 different IPP Players.
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Rank: Member Joined: 10/14/2011 Posts: 661
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Anglo-Dutch consumer goods firm Unilever said on Thursday it plans to invest 150 million euros ($203.9 million) in a new manufacturing plant in Kenya that will help it access the east African market. company has identified Kenya as one of the three strategic hubs in Africa, alongside Nigeria and South Africa. http://www.reuters.com/a...r-idUSL6N0HT2Z520131003
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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This bond was done by CFC too...good value apart from the redemption features.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Egyptian firms eye investments in oil sector
Egyptian investors are looking to venture into Kenya’s petrochemical industry following the discovery of exploitable oil deposits in Turkana. The Embassy of Egypt confirmed Thursday that about 40 companies would visit Kenya next month on a fact-finding mission. “Kenya’s profile as the region’s hub continues to grow especially after the oil find. That is why the (Egyptian) firms are coming,” Tamer El-mahdy, a consul, said Thursday during the announcement of a three-day international trade fair to be held on November 19 in Nairobi.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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AFDB invests additional KES 2.4bn for wind power. The African Development Bank has issued KES 2.4bn guarantee for part of the Lake turkana wind project which is set to start next year April. The project had stalled after World Bank pulled out of the project which included construction of the 428km transmission lines by Kenya Electricity Transmission Company from base stations to the national grid. This investment brings the pan-African development financier’s total exposure in the project to KES 16 billion inclusive of an earlier development loan. The project is expected to produce the first 50 megawatts by March 2016 with full production expected a year later. Electricity produced from this project will be sold to the national grid at KES8.86. The AfDB, Standard Bank and Nedbank Capital are the lead transaction advisors in the project. Another large renewable energy project is the 60.8 megawatt wind park to be located in Kinangop, Nyandarua County. Aeolus Kenya is constructing the Sh13 billion plant with CFC Stanbic Bank and Norfund providing in KES 9.7bn debt and KES 5.2 billion equity respectively. Business Daily
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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World Bank Says Sub-Saharan African Tourism Key for Jobs
Tourism on the continent is forecast to employ about 6.7 million people by 2021 and returns on investments “are among the highest in the world,” the Washington-based lender said in an e-mailed statement today. Cape Verde, Kenya, Mauritius, Namibia, Rwanda, South Africa and Tanzania are examples of African countries that have adopted tourism policies to spur growth, liberalized air traffic and are creating solid investment climates, the World Bank said. Economic growth in sub-Saharan African is forecast to expand an average of 5.6 percent this year compared with 1.2 percent in advanced economies, according to the International Monetary Fund.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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NSE market capitalisation is now more than 50% of the Kenyan GDP. Means as a country there is need to work more to grow the economy so that the NSE is a quarter of the GDP/the GDP needs to be doubled. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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