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Kenya Economy Watch
Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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mnandii wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/world/Singapore-pays-bonus-to-citizens-as-economy-grows/4259366-4312954-fw8nsbz/index.html
And finally this. In 1970 kenya was ahead of singapore The most loudable thing here is their honest revelation that the budget is in surplus.We are used to be told of deficits no matter what. Towards the goal of financial freedom
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Copy and Paste Quote:
The Kenyan Government has raised $2 billion (Sh 200B) in a dollar denominated Eurobond sale on Wednesday which is split equally between 10- and 30-year tranches.
The 10 year bond will yield a coupon of 7.25% while the 30 year will yield a 8.25%.
Citi, JPMorgan, Standard Bank and Standard Chartered Bank managed the transaction.
As of yesterday afternoon, it was reported that the order book of the new issue was up to US$13.3 billion against govt’s target of US$2 Billion, suggesting huge foreign appetite for the country’s debt.
Kenya returned to international debt markets to cover its financing needs in addition to lightening the debt-servicing burden.
Of the $2 billion raised on Wednesday, $750M will go towards settling some of the foreign debts that mature before June.
Source Link From The Kenyan Wall Street
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Rank: Member Joined: 1/30/2011 Posts: 207
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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2003-04: Year Kenya enjoyed surplus budgetRead more at: https://www.standardmedi...-enjoyed-surplus-budget
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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TBH, this isn't really something to be proud of.  Business opportunities are like buses,there's always another one coming
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Rank: Member Joined: 7/10/2014 Posts: 145 Location: Nairobi
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KulaRaha wrote:TBH, this isn't really something to be proud of. Former President Mzee Moi once said...There is no dignity in borrowing!! "Blowing out someone else candle won't make yours shine brighter"-Anonymous
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Rank: Elder Joined: 6/23/2009 Posts: 13,555 Location: nairobi
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jgithige wrote:KulaRaha wrote:TBH, this isn't really something to be proud of. Former President Mzee Moi once said...There is no dignity in borrowing!! Plus the LIBOR is way below what we are offering hence the massive oversubscription. The two men will finish us
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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obiero wrote:jgithige wrote:KulaRaha wrote:TBH, this isn't really something to be proud of. Former President Mzee Moi once said...There is no dignity in borrowing!! Plus the LIBOR is way below what we are offering hence the massive oversubscription. The two men will finish us @obiero So its 7.25% and 8.25% plus LIBOR Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,555 Location: nairobi
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Ericsson wrote:obiero wrote:jgithige wrote:KulaRaha wrote:TBH, this isn't really something to be proud of. Former President Mzee Moi once said...There is no dignity in borrowing!! Plus the LIBOR is way below what we are offering hence the massive oversubscription. The two men will finish us @obiero So its 7.25% and 8.25% plus LIBOR No. The 7.25% is the effective rate per annum but LIBOR on USD borrowing which is the borrower currency stands at 2.4% p.a. It would be ideal for the borrowing to be rated 5% or lower as it is risk-free http://www.global-rates....t-rates/libor/libor.aspx
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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https://amp.ft.com/conte..._twitter_impression=trueWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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obiero wrote:Ericsson wrote:obiero wrote:jgithige wrote:TBH, this isn't really something to be proud of. Former President Mzee Moi once said...There is no dignity in borrowing!! Plus the LIBOR is way below what we are offering hence the massive oversubscription. The two men will finish us @obiero So its 7.25% and 8.25% plus LIBOR No. The 7.25% is the effective rate per annum but LIBOR on USD borrowing which is the borrower currency stands at 2.4% p.a. It would be ideal for the borrowing to be rated 5% or lower as it is risk-free http://www.global-rates....-rates/libor/libor.aspx[/quote] We did well  despite the global rating downgrade, there was massive oversubscription. 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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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Angelica _ann wrote:obiero wrote:Ericsson wrote:obiero wrote:jgithige wrote:TBH, this isn't really something to be proud of. Former President Mzee Moi once said...There is no dignity in borrowing!! Plus the LIBOR is way below what we are offering hence the massive oversubscription. The two men will finish us @obiero So its 7.25% and 8.25% plus LIBOR No. The 7.25% is the effective rate per annum but LIBOR on USD borrowing which is the borrower currency stands at 2.4% p.a. It would be ideal for the borrowing to be rated 5% or lower as it is risk-free http://www.global-rates....-rates/libor/libor.aspx[/quote] We did well despite the global rating downgrade, there was massive oversubscription.  If Obiero did it, Who Am I?
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Swenani wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:obiero wrote:jgithige wrote:TBH, this isn't really something to be proud of. Former President Mzee Moi once said...There is no dignity in borrowing!! Plus the LIBOR is way below what we are offering hence the massive oversubscription. The two men will finish us @obiero So its 7.25% and 8.25% plus LIBOR No. The 7.25% is the effective rate per annum but LIBOR on USD borrowing which is the borrower currency stands at 2.4% p.a. It would be ideal for the borrowing to be rated 5% or lower as it is risk-free http://www.global-rates....-rates/libor/libor.aspx[/quote] We did well despite the global rating downgrade, there was massive oversubscription. So i guesss there will be a tax hike! 🤦🏾♂️
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Horton wrote:Swenani wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:obiero wrote:jgithige wrote:TBH, this isn't really something to be proud of. Former President Mzee Moi once said...There is no dignity in borrowing!! Plus the LIBOR is way below what we are offering hence the massive oversubscription. The two men will finish us @obiero So its 7.25% and 8.25% plus LIBOR No. The 7.25% is the effective rate per annum but LIBOR on USD borrowing which is the borrower currency stands at 2.4% p.a. It would be ideal for the borrowing to be rated 5% or lower as it is risk-free http://www.global-rates....-rates/libor/libor.aspx[/quote] We did well despite the global rating downgrade, there was massive oversubscription. So i guesss there will be a tax hike! 🤦🏾♂️ investors know lending a country is a good bet "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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https://www.businessdail...16660-rx6shb/index.html
The two boys have finished us Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Bonds already trading in the secondary market....seems many buyers were in to make a quick buck. I'd love to see the list of buyers...rumour is there may be many of our beloved leaders there... Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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https://www.businessdail...672-12m4sv2z/index.html
Kenya Power half-year profit drops 30.3pc as debt financing costs rise Kenya Power’s net profit for the six months ended December 2017 dropped by 30.3 per cent to Sh2.93 billion, as the high cost of financing debt took a toll amid lethargic power consumption growth in a slowing economy. Financing costs rose by 42.7 per cent or Sh976 million to hit Sh3.3 billion in the period pulling down profits even as the total revenue grew by 14.8 per cent to Sh67.1 billion. “The decrease (in profit) was attributed to the general slowdown of the economy and an increase in financing costs…which rose during the period under review compared to the previous year as a result of utilisation of short term facilities,” said Kenya Power in a statement.  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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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Kenya economy grew by 4.8% in 2017 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Ericsson wrote:Kenya economy grew by 4.8% in 2017 Baba 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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