Author Topic: A economic avalanche is coming  (Read 40362 times)

Offline RV Pundit

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Re: A economic avalanche is coming
« Reply #180 on: April 27, 2023, 07:47:02 AM »
Look like some default will happen soon.
Prof Njunguna allude to it.
https://nation.africa/kenya/blogs-opinion/opinion/country-on-the-verge-of-collapse-4212648

Offline gout

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Re: A economic avalanche is coming
« Reply #181 on: May 11, 2023, 02:10:50 PM »
Stagflation amidst crazy public debts. The extraction and shipping of production to pay debts as government expands will break the camel's back.

Quote
Data from the Central Bank of Kenya (CBK) shows the values referred to as agent cash in cash out eased by Sh5.65 billion to Sh1.813 trillion from Sh1.818 trillion in March last year.

This marks the first decline in the first quarter since the banking sector regulator began recording the transactions in 2009.


https://www.businessdailyafrica.com/bd/markets/market-news/mobile-money-agents-post-first-drop-in-quarterly-cash--4230002
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Offline gout

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I underestimated the heartbreaks visited by hasla revolution

Offline gout

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Re: A economic avalanche is coming
« Reply #183 on: May 17, 2023, 07:08:58 AM »
Kwa ground and from Twitter, Facebook, Tiktok posts, the cost of living is becoming unbearable.
I underestimated the heartbreaks visited by hasla revolution

Offline RV Pundit

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Re: A economic avalanche is coming
« Reply #184 on: May 17, 2023, 08:21:26 AM »
Yes I have been in rural Kenya..its terrible

Offline gout

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Re: A economic avalanche is coming
« Reply #185 on: June 06, 2023, 01:03:48 PM »
No respite yet.

Little concern by a government promising heaven.  Fumbling where it matters one year on, they have been unable to import grains.

https://nation.africa/kenya/business/you-will-pay-more-for-sugar-bread-rice-and-cooking-oil-in-june-cbk-survey-shows-4259478
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Offline RV Pundit

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Re: A economic avalanche is coming
« Reply #186 on: June 13, 2023, 11:27:21 AM »
I agree with this assessment - Nairobi is becoming ghost town like you find in most rural towns - where number of operating shops are 1/4 of the built up shops
?s=20

Offline gout

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Re: A economic avalanche is coming
« Reply #187 on: June 30, 2023, 12:48:37 PM »
Good to see focus on farmers. More investments into agricultural research. Such a shame all African countries are net importers of food probably except Egypt.



https://nation.africa/kenya/news/wheat-farmers-seek-incentives-to-boost-yields--4288216
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Offline Kadudu

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Re: A economic avalanche is coming
« Reply #188 on: June 30, 2023, 04:25:40 PM »
Egypt is the biggest worldwide importer of wheat from Russia and Ukraine.

Good to see focus on farmers. More investments into agricultural research. Such a shame all African countries are net importers of food probably except Egypt.



https://nation.africa/kenya/news/wheat-farmers-seek-incentives-to-boost-yields--4288216

Offline gout

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Re: A economic avalanche is coming
« Reply #189 on: June 30, 2023, 08:20:10 PM »
My bad, I for moments been carried away by the figures which keep being thrown around on marvels of Egyptian agriculture kumbe it is all figures.

Seems the military keeps fudging the figures, but can't when it goes down to bread.


Egypt is the biggest worldwide importer of wheat from Russia and Ukraine.

Good to see focus on farmers. More investments into agricultural research. Such a shame all African countries are net importers of food probably except Egypt.



https://nation.africa/kenya/news/wheat-farmers-seek-incentives-to-boost-yields--4288216
I underestimated the heartbreaks visited by hasla revolution

Offline gout

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Re: A economic avalanche is coming
« Reply #190 on: July 14, 2023, 02:30:27 PM »
The demos show that urban poor across the country wamefika mwisho. For the first time Kambas in slums are violent and fighting police. We are crossing the rubicon.
I underestimated the heartbreaks visited by hasla revolution

Offline gout

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I underestimated the heartbreaks visited by hasla revolution

Offline gout

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Re: A economic avalanche is coming
« Reply #192 on: September 26, 2023, 03:56:28 PM »
I had thought we were about to start turning the corner by August. Seems it is darker days, months and years ahead.

Unga still at 150-250. Fuel is crazy.

The budget largesse by politicians is incitement to hungry masses.
I underestimated the heartbreaks visited by hasla revolution

Offline Georgesoros

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Re: A economic avalanche is coming
« Reply #193 on: October 02, 2023, 04:11:51 AM »
I had thought we were about to start turning the corner by August. Seems it is darker days, months and years ahead.

Unga still at 150-250. Fuel is crazy.

The budget largesse by politicians is incitement to hungry masses.


Budget was based on theory rather than facts. That's y the economy is doing badly.
Also eliminating an opposition was a big mistake. Govt without opposition does anything and everything wrong.

Offline gout

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Re: A economic avalanche is coming
« Reply #194 on: October 04, 2023, 04:13:32 PM »
The inflation highlights for September are crazy.
I underestimated the heartbreaks visited by hasla revolution

Offline KenyanPlato

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Re: A economic avalanche is coming
« Reply #195 on: October 11, 2023, 07:57:55 PM »
The inflation highlights for September are crazy.

This is nuts..I saw the price of Towel double. I had bought a towel at 300 shs in March and in August I paid 650 shs. I liked going to naivas and Carrefour to watch how customers were having to make budget decisions. Most shopping baskets only had the necessities.


Offline KenyanPlato

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Re: A economic avalanche is coming
« Reply #196 on: October 18, 2023, 05:17:27 PM »
World Bank says the obvious
Wakora wawili
?t=mOQOgVTQFiMbCOYJE3Nz9A&s=19

Offline Kadudu

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Re: A economic avalanche is coming
« Reply #197 on: October 18, 2023, 05:27:09 PM »
World Bank says the obvious
Wakora wawili
?t=mOQOgVTQFiMbCOYJE3Nz9A&s=19

One does not need to be an economist to come to this conclusion.

Offline gout

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Re: A economic avalanche is coming
« Reply #198 on: November 26, 2023, 02:53:09 PM »
The debate on price of unga persists. Very good it is taking time to discuss cost of living issues even at the null and void NADCO.
I underestimated the heartbreaks visited by hasla revolution

Offline gout

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Re: A economic avalanche is coming
« Reply #199 on: November 27, 2023, 11:23:05 AM »
Banks being reminded they are Kenyan too. Seems tied to pending bills.
Quote

https://nation.africa/kenya/business/banks-in-rare-profit-drop-as-loan-defaults-hit-sh611bn-4445900
I underestimated the heartbreaks visited by hasla revolution