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Ericsson		#461 Posted : Tuesday, December 27, 2016 10:57:52 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI		Wukan the issue is the agreement Uhuruto signed with IMF President Christian Lagarde when she came to Kenya. It stated that debt repayment takes first charge on ordinary revenue I.e what Kra collects. Gok should make sure that money is available and in the account 30 days prior to the due date and that money cannot be spent on other things. The balance of the money from what KRA has collected is what can be used for other expenditure and if not enough GOK borrows from the mkt. That is why in the second week of December CBK issued a Treasury bond of sh.35bn but only took 15bn since the market interest was higher than CBK targets. CBK then issued a tap sale last week to raise sh.25bn to cover for the shortfall. The closing date is 29 December. That is the money to be used to pay salaries and meet other government expenditures Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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enyands		#462 Posted : Tuesday, December 27, 2016 11:35:45 AM
Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya		Ericsson wrote: Wukan the issue is the agreement Uhuruto signed with IMF President Christian Lagarde when she came to Kenya. It stated that debt repayment takes first charge on ordinary revenue I.e what Kra collects. Gok should make sure that money is available and in the account 30 days prior to the due date and that money cannot be spent on other things. The balance of the money from what KRA has collected is what can be used for other expenditure and if not enough GOK borrows from the mkt. That is why in the second week of December CBK issued a Treasury bond of sh.35bn but only took 15bn since the market interest was higher than CBK targets. CBK then issued a tap sale last week to raise sh.25bn to cover for the shortfall. The closing date is 29 December. That is the money to be used to pay salaries and meet other government expenditures Kicking cans down the road
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Angelica _ann		#463 Posted : Tuesday, December 27, 2016 11:35:55 AM
Rank: Elder Joined: 12/7/2012 Posts: 11,937		winmak wrote: kaka2za wrote: Ericsson wrote: I’m not an economy expert but i can smell a rat with IFMIS catastrophic breakdown, who is fooling who? From sources Jubilee regime had to suspend all payments to meet our Army & Police services salaries to avoid revolt. Jubilee regime is at crossroad they have Eurobond loan to pay 46B to be precise before year closes & there is no money. There is an emergency meeting tomorrow to address EuroBond payment which is pressing jubilee thus why a holiday tomorrow. My simplistic conspiracy theory is that IFMIS has made to fail to prove that you can't rely on technology without manual back up. Interesting theory So what manual system are they using to replace IFMIS to prove their case? 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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murchr		#464 Posted : Tuesday, December 27, 2016 4:06:17 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		Angelica _ann wrote: winmak wrote: kaka2za wrote: Ericsson wrote: I’m not an economy expert but i can smell a rat with IFMIS catastrophic breakdown, who is fooling who? From sources Jubilee regime had to suspend all payments to meet our Army & Police services salaries to avoid revolt. Jubilee regime is at crossroad they have Eurobond loan to pay 46B to be precise before year closes & there is no money. There is an emergency meeting tomorrow to address EuroBond payment which is pressing jubilee thus why a holiday tomorrow. My simplistic conspiracy theory is that IFMIS has made to fail to prove that you can't rely on technology without manual back up. Interesting theory So what manual system are they using to replace IFMIS to prove their case? What was there before IFMIS? Technology can fail. Ask Wazua Admin. "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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maka		#465 Posted : Monday, January 02, 2017 10:23:48 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		gatoho wrote: Nashak wrote: Someone wazua me this one. I had put in a bid which was successful but was not able to rtgs them chums by Monday 2pm deadline. I figured Tuesday would be late so I scraped it and went on with other business. What does NDO do to the likes of me? Is the Monday 2pm deadline written in stone? Almost happened to me last month. You should have tried the Tuesday at least it could have maybe saved you in future. You might get suspended from participating in future auctions they take such stuff seriously... possunt quia posse videntur
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Ebenyo		#466 Posted : Tuesday, January 03, 2017 2:45:29 PM
Rank: Veteran Joined: 4/4/2016 Posts: 2,021 Location: Kitale		Is the T.bond for this month out yet? Towards the goal of financial freedom
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snipermnoma		#467 Posted : Wednesday, January 04, 2017 6:33:04 PM
Rank: Member Joined: 1/3/2014 Posts: 257		Ebenyo wrote: Is the T.bond for this month out yet? Not yet out.
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Ebenyo		#468 Posted : Wednesday, January 04, 2017 6:40:44 PM
Rank: Veteran Joined: 4/4/2016 Posts: 2,021 Location: Kitale		snipermnoma wrote: Ebenyo wrote: Is the T.bond for this month out yet? Not yet out. Which date this month should we expect? Towards the goal of financial freedom
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Ericsson		#469 Posted : Wednesday, January 04, 2017 7:10:13 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI		When us dollar vs ksh hits 107 Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Chaka		#470 Posted : Wednesday, January 04, 2017 7:44:37 PM
Rank: Elder Joined: 2/16/2007 Posts: 2,114		snipermnoma wrote: Ebenyo wrote: Is the T.bond for this month out yet? Not yet out. What might be the tenure of this bond?
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