wazua Sun, Aug 3, 2025
Welcome Guest Search | Active Topics | Log In

CHEAP OIL=GOOD LIFE IN EAC!! DON'T PANIC!!
Options
Previous Topic · Next Topic
Cde Monomotapa
#1 Posted : Friday, August 05, 2011 10:11:18 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
The greatest benefit out of the recession abroad will be cheaper oil and commodities for net importer regions like our EAC!!
Back to top
 Report Abusive | Report SPAM
Cde Monomotapa
#2 Posted : Friday, August 05, 2011 10:14:23 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Cheaper global commodities means less pressure on EAC currencies hence they'll strengthen. Finally, all the imported inflation should reduce SIGNIFICANTLY!!
Back to top
 Report Abusive | Report SPAM | Edit by user: Friday, August 05, 2011 10:21 AM | Reason: Not specified
Cde Monomotapa
#3 Posted : Friday, August 05, 2011 10:50:55 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
On the otherhand, tea,coffee,tourism,horticulture will feel pressure from a strong shilling.
Back to top
 Report Abusive | Report SPAM
Cde Monomotapa
#4 Posted : Friday, August 05, 2011 10:53:13 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Industrial & Manufacturers will be the largest benefactors of cheaper imported inputs. GDP growth will be in high gear.
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#5 Posted : Friday, August 05, 2011 12:37:52 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,223
Location: Nairobi
My friends... Kenya does not have oil [well, I hope we strike it!] so it is Uganda & South Sudan who will benefit from 'cheap' oil but where Kenya benefits is from lowered transport costs & we can sell 'shovels' the Ugandans & South Sudanese.

Singapore does not have oil but is richer than Malaysia on a Per Capita basis. Why? Singapore supplies stability, good education & financial services...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
Lolest!
#6 Posted : Friday, August 05, 2011 12:52:53 PM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
VituVingiSana wrote:

Singapore does not have oil but is richer than Malaysia on a Per Capita basis. Why? Singapore supplies stability, good education & financial services...

God seems to be blessing our already blessed neighbours with more minerals. With our strategic location in EA, we must build on those factors you've mentioned plus transport!!
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2025 Wazua.co.ke. All Rights Reserved.