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Extraterrestrial		#291 Posted : Wednesday, November 20, 2019 6:17:31 PM
Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars		The alternative to special dividend is outright technical default on notes surrendered by parastatals...
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KaunganaDoDo		#292 Posted : Wednesday, November 20, 2019 8:57:00 PM
Rank: Member Joined: 8/6/2018 Posts: 299		Ericsson wrote: KaunganaDoDo wrote: Ericsson wrote: kawi254 wrote: Ericsson wrote: watesh wrote: FUNKY wrote: https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html Kengen issuing a special dividend is highly possible This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought Let's wait and see If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day. At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows. World Bank/IMF is next year. IMF said they have ksh.153bn or $1bn standby to assist kenya subject to terms and conditions. One of the conditions was to repeal interest rates cap law The standby credit facility from the IMF is not for budgetary support or development programmes, but for macroeconomic stability on volatility of exchange rates...its a dollar facility to CBK to stabilization of exchange rate fluctuations. Its not Government/Treasury blank cheque Loan from IMF in the works for budgetary support similar to what happened in Egypt and Ghana IMF doesn't do budgetary support. They do macroeconomic Stabilization Credit Facility. If you have to ask for budgetary support, You have to be under debt repudiation or default...
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Ericsson		#293 Posted : Wednesday, November 20, 2019 10:20:30 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,815 Location: NAIROBI		KaunganaDoDo wrote: Ericsson wrote: KaunganaDoDo wrote: Ericsson wrote: kawi254 wrote: Ericsson wrote: watesh wrote: FUNKY wrote: https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html Kengen issuing a special dividend is highly possible This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought Let's wait and see If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day. At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows. World Bank/IMF is next year. IMF said they have ksh.153bn or $1bn standby to assist kenya subject to terms and conditions. One of the conditions was to repeal interest rates cap law The standby credit facility from the IMF is not for budgetary support or development programmes, but for macroeconomic stability on volatility of exchange rates...its a dollar facility to CBK to stabilization of exchange rate fluctuations. Its not Government/Treasury blank cheque Loan from IMF in the works for budgetary support similar to what happened in Egypt and Ghana IMF doesn't do budgetary support. They do macroeconomic Stabilization Credit Facility. If you have to ask for budgetary support, You have to be under debt repudiation or default... They do to avoid governments from crowding out private sector in borrowing from the domestic market. This is in countries which have wide budget deficits Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Angelica _ann		#294 Posted : Wednesday, November 20, 2019 11:15:20 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,936		Ericsson wrote: KaunganaDoDo wrote: Ericsson wrote: KaunganaDoDo wrote: Ericsson wrote: kawi254 wrote: Ericsson wrote: watesh wrote: FUNKY wrote: https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html Kengen issuing a special dividend is highly possible This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought Let's wait and see If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day. At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows. World Bank/IMF is next year. IMF said they have ksh.153bn or $1bn standby to assist kenya subject to terms and conditions. One of the conditions was to repeal interest rates cap law The standby credit facility from the IMF is not for budgetary support or development programmes, but for macroeconomic stability on volatility of exchange rates...its a dollar facility to CBK to stabilization of exchange rate fluctuations. Its not Government/Treasury blank cheque Loan from IMF in the works for budgetary support similar to what happened in Egypt and Ghana IMF doesn't do budgetary support. They do macroeconomic Stabilization Credit Facility. If you have to ask for budgetary support, You have to be under debt repudiation or default... They do to avoid governments from crowding out private sector in borrowing from the domestic market. This is in countries which have wide budget deficits IMF are leeches, Kibaki tamed them, let's see what next. By so far so good on this front for us Kenyans. 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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VituVingiSana		#295 Posted : Thursday, November 21, 2019 12:38:39 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,366 Location: Nairobi		Angelica _ann wrote: Ericsson wrote: KaunganaDoDo wrote: Ericsson wrote: KaunganaDoDo wrote: Ericsson wrote: kawi254 wrote: Ericsson wrote: watesh wrote: FUNKY wrote: https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html Kengen issuing a special dividend is highly possible This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought Let's wait and see If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day. At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows. World Bank/IMF is next year. IMF said they have ksh.153bn or $1bn standby to assist kenya subject to terms and conditions. One of the conditions was to repeal interest rates cap law The standby credit facility from the IMF is not for budgetary support or development programmes, but for macroeconomic stability on volatility of exchange rates...its a dollar facility to CBK to stabilization of exchange rate fluctuations. Its not Government/Treasury blank cheque Loan from IMF in the works for budgetary support similar to what happened in Egypt and Ghana IMF doesn't do budgetary support. They do macroeconomic Stabilization Credit Facility. If you have to ask for budgetary support, You have to be under debt repudiation or default... They do to avoid governments from crowding out private sector in borrowing from the domestic market. This is in countries which have wide budget deficits IMF are leeches, Kibaki tamed them, let's see what next. By so far so good on this front for us Kenyans. Do not blame the IMF for your failures. #KumiraKumira Is GoK approaching the IMF for a facility or is the IMF forcing it onto GoK at gunpoint? It's like going to a bank for a loan after blowing your cash (& taking on huge loans) on building a brand-new unnecessarily fancy and over-sized roof on your hut when repairing your simple roof would have worked just as well. And paying for planning and designing a pond on sandy soil. Then keeping a fleet of taxis that lose money year in, year out because it makes you look prosperous. Not to forget hiring your relatives and drinking buddies to manage your businesses. Fancy roof = SGR Simple roof = NGR Pond = Kimwarer Taxis = KQ Relatives = Relatives Businesses = Take your pick Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#296 Posted : Thursday, November 21, 2019 6:32:03 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,815 Location: NAIROBI		VituVingiSana wrote: Angelica _ann wrote: Ericsson wrote: KaunganaDoDo wrote: Ericsson wrote: KaunganaDoDo wrote: Ericsson wrote: kawi254 wrote: Ericsson wrote: watesh wrote: FUNKY wrote: https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html Kengen issuing a special dividend is highly possible This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought Let's wait and see If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day. At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows. World Bank/IMF is next year. IMF said they have ksh.153bn or $1bn standby to assist kenya subject to terms and conditions. One of the conditions was to repeal interest rates cap law The standby credit facility from the IMF is not for budgetary support or development programmes, but for macroeconomic stability on volatility of exchange rates...its a dollar facility to CBK to stabilization of exchange rate fluctuations. Its not Government/Treasury blank cheque Loan from IMF in the works for budgetary support similar to what happened in Egypt and Ghana IMF doesn't do budgetary support. They do macroeconomic Stabilization Credit Facility. If you have to ask for budgetary support, You have to be under debt repudiation or default... They do to avoid governments from crowding out private sector in borrowing from the domestic market. This is in countries which have wide budget deficits IMF are leeches, Kibaki tamed them, let's see what next. By so far so good on this front for us Kenyans. Do not blame the IMF for your failures. #KumiraKumira Is GoK approaching the IMF for a facility or is the IMF forcing it onto GoK at gunpoint? It's like going to a bank for a loan after blowing your cash (& taking on huge loans) on building a brand-new unnecessarily fancy and over-sized roof on your hut when repairing your simple roof would have worked just as well. And paying for planning and designing a pond on sandy soil. Then keeping a fleet of taxis that lose money year in, year out because it makes you look prosperous. Not to forget hiring your relatives and drinking buddies to manage your businesses. Fancy roof = SGR Simple roof = NGR Pond = Kimwarer Taxis = KQ Relatives = Relatives Businesses = Take your pick Very true vvs,Gok is the one approaching IMF. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Balaa		#297 Posted : Friday, November 22, 2019 5:37:12 AM
Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa		kenyan2019 wrote: Ericsson wrote: kenyan2019 wrote: https://twitter.com/TheStarBreaking/status/1196777351578828801?s=20 Auditor General jee Dalili ya mvua ni mawingu !! https://www.businessdail...57606-13rpbwh/index.html If it don't make dollars, it don't make sense
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Ericsson		#298 Posted : Wednesday, November 27, 2019 6:44:06 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,815 Location: NAIROBI		Masinga dam to spill over in the next two days Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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sparkly		#299 Posted : Wednesday, November 27, 2019 6:47:56 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		Ericsson wrote: Masinga dam to spill over in the next two days Link? Life is short. Live passionately.
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Angelica _ann		#300 Posted : Wednesday, November 27, 2019 7:06:30 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,936		Balaa wrote: kenyan2019 wrote: Ericsson wrote: [quote=kenyan2019]https://twitter.com/TheStarBreaking/status/1196777351578828801?s=20 Auditor General jee Dalili ya mvua ni mawingu !! https://www.businessdail...7606-13rpbwh/index.html[/quote] 30th November is Saturday, postponement of results announcement imminent. 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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