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Kenya Economy Watch
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Swenani wrote:MugundaMan wrote:KulaRaha wrote:KES depreciation is gonna hurt everyone...given how we are reliant on imports.
Also, I think our foreign debt has gone up by around 50B from this move to 102.80.
Kumira kumira.... This is peni mbili thinking  Pray tell, will KES "depreciation" affect exporters negatively?  This will actual HELP the economy by making consumer imports that do not add to the productive capacity of the country (eg luxury cars) more expensive. Key word.... possunt quia posse videntur
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Kenya Shilling weakens to 104.080 against the USD 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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maka wrote:Swenani wrote:MugundaMan wrote:KulaRaha wrote:KES depreciation is gonna hurt everyone...given how we are reliant on imports.
Also, I think our foreign debt has gone up by around 50B from this move to 102.80.
Kumira kumira.... This is peni mbili thinking Pray tell, will KES "depreciation" affect exporters negatively? This will actual HELP the economy by making consumer imports that do not add to the productive capacity of the country (eg luxury cars) more expensive. Key word.... You had to highlight in red and bold for faky red hoooooot 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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MugundaMan wrote:KulaRaha wrote:KES depreciation is gonna hurt everyone...given how we are reliant on imports.
Also, I think our foreign debt has gone up by around 50B from this move to 102.80.
Kumira kumira.... This is peni mbili thinking Pray tell, will KES "depreciation" affect exporters negatively? This will actual HELP the economy by making consumer imports that do not add to the productive capacity of the country (eg luxury cars) more expensive. Really? Pls check imports vs exports, it will shock you. Why do you think CBK has been managing the rate so closely? Business opportunities are like buses,there's always another one coming
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Ericsson wrote:Kenya Shilling weakens to 104.080 against the USD Way overdue. Waiting for around 107 to assess the momentum behind the depreciation. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Ericsson wrote:Kenya Shilling weakens to 104.080 against the USD Fake news, the highest the USD went yesterday was 103.20 level. We may see KES retrace at this price. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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KulaRaha wrote:Ericsson wrote:Kenya Shilling weakens to 104.080 against the USD Fake news, the highest the USD went yesterday was 103.20 level. We may see KES retrace at this price. possunt quia posse videntur
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Rank: Member Joined: 11/15/2010 Posts: 454 Location: Nairobi
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I was in town today and I noticed the populace is significantly lower than usual. Is this a sign that the economy is not doing well or could it be as a result of strict traffic (Michuki) rules pushing idlers out of the city?. ....He who began a good work in you will carry it on to completion..
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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tinker wrote:I was in town today and I noticed the populace is significantly lower than usual.
Is this a sign that the economy is not doing well or could it be as a result of strict traffic (Michuki) rules pushing idlers out of the city?. Most idlers make money by collecting "tax" from matatus Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,556 Location: nairobi
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This is sad.. Kazi kwisha https://www.businessdail..._twitter_impression=true
COOP 70,000 ABP 15.20; 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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[quote=obiero]This is sad.. Kazi kwisha https://www.businessdail...twitter_impression=true[/quote] Big 4 agenda Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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https://www.businessdail...64552-h39s2h/index.html
Cargo charges on the standard gauge railway (SGR) from Mombasa to Nairobi will rise by up to 79 per cent from January 1 in bid to raise more revenue to pay the Chinese operator. Kenya Railways said the cost of transporting a 20-foot container from Mombasa to Nairobi will increase to $500 (Sh51,275) from Sh35,000, a 46.5 per cent rise Hauling the larger 40-foot container will cost up to Sh$700 (Sh71,785), from the current Sh40,000, reflecting a 79.9 per cent rise. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 1/30/2011 Posts: 207
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Rank: Veteran Joined: 7/3/2007 Posts: 1,634
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This is partly the Kashogi death divided. The Saudis are desperate to appease Amerika, hence are opening the crude oil taps. Trump just confirmed as much in one of his many twits. "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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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Should be good for the Kenyan economy
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Rank: Member Joined: 2/20/2007 Posts: 767
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Horton wrote:Should be good for the Kenyan economy How about KQ. Are they hedging as usuall. How will this turn out for them? They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Elder Joined: 6/23/2009 Posts: 13,556 Location: nairobi
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tom_boy wrote:Horton wrote:Should be good for the Kenyan economy How about KQ. Are they hedging as usuall. How will this turn out for them? KES 1,074,000,000 gains as at half year 
COOP 70,000 ABP 15.20; HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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This is another "opportunity" for govt to increase fuel tax.
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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https://www.bloomberg.co...ndicated-loan-for-kenya
Debt addiction not yet over 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:https://www.bloomberg.com/news/articles/2018-11-30/tdb-bank-is-said-to-arrange-1-billion-syndicated-loan-for-kenya
Debt addiction not yet over Not a bad idea, you need loans for development. 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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