Nipate
Forum => Kenya Discussion => Topic started by: Georgesoros on August 08, 2023, 08:20:21 PM
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Lotsa relatives have found my contact and are asking for "a loan".
These are people who have never asked a dime
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Lotsa relatives have found my contact and are asking for "a loan".
These are people who have never asked a dime
The moron went on misguided credit rating tirade that was sure to backfire. We're staring at our very own Hugo idiot Chavez!!
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staring at our very own Hugo idiot Chavez!!
Who is the hugo chavez in your scenario?
Lotsa relatives have found my contact and are asking for "a loan".
These are people who have never asked a dime
At this point, you have to start blocking people or just totally ignoring them otherwise the begging will never end.
I'm not sure what this means for Kenya economically or what Ndii's plan is (he seems undaunted)
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Ruto will be the first president to be ousted through a revolution.everybody begging for money.high commodity prices,eurobond due,weak shillings.Its just a matter of time.
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Ruto will be the first president to be ousted through a revolution.everybody begging for money.high commodity prices,eurobond due,weak shillings.Its just a matter of time.
Am not for revolution rather votes will speak for themselves. They never end well.
Do nto fight for the monied and expect business as usual. Thats my lesson from Cherserem - former CBK gov
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Ruto coulda attracted huge number of investors leaving China, but I have not heard any policy to that effect.
All he coulda done was say "Kenya is OPEN" and gear all resources and then sit and wait. India did and now they are saturated
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Ruto will be the first president to be ousted through a revolution.everybody begging for money.high commodity prices,eurobond due,weak shillings.Its just a matter of time.
Am not for revolution rather votes will speak for themselves. They never end well.
Do nto fight for the monied and expect business as usual. Thats my lesson from Cherserem - former CBK gov
Agreed.Revolution and coups end badly.
What is the solution?
Why is GOK not publishing the list of all external and internal debt, Repayments since Kenya Kwanza took over government and lastly KRA collection since 2022 September?
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Ruto will be the first president to be ousted through a revolution.everybody begging for money.high commodity prices,eurobond due,weak shillings.Its just a matter of time.
Am not for revolution rather votes will speak for themselves. They never end well.
Do nto fight for the monied and expect business as usual. Thats my lesson from Cherserem - former CBK gov
Agreed.Revolution and coups end badly.
What is the solution?
Why is GOK not publishing the list of all external and internal debt, Repayments since Kenya Kwanza took over government and lastly KRA collection since 2022 September?
Then things will get worse.
Isn't it the law they are supposed to publish such?
Accountability will kill Rutos govt.
Lenders will charge more interest and they will only get loans from shacks.
No wonder TZ is attracting lots of businesses
Same thing is happening in CHina, businesses cant trust the data ccp puts out, so businesses are leaving in large numbers.
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This good for me - :) - and all exporters. Focus on reducing unneccesary imports.
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More pressure on the shilling. Oil money due by end month and Eurobond payment due soon. Perfect storm is building up. Where is David Ndii?
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Too busy on X fighting imaginery enemies.
Btw, the oil deal declared by Ruto as genious has already been abandoned. Now its back to the old ways, every oil dealer by himself.
More pressure on the shilling. Oil money due by end month and Eurobond payment due soon. Perfect storm is building up. Where is David Ndii?
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Ruto should have turned to Russia for short term resolving oil crisis and longterm resolving the oil crisis.
Too busy on X fighting imaginery enemies.
Btw, the oil deal declared by Ruto as genious has already been abandoned. Now its back to the old ways, every oil dealer by himself.
More pressure on the shilling. Oil money due by end month and Eurobond payment due soon. Perfect storm is building up. Where is David Ndii?
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Premium tears loading. Only good thing there is a lot of food enough to last 5 months.
Too busy on X fighting imaginery enemies.
Btw, the oil deal declared by Ruto as genious has already been abandoned. Now its back to the old ways, every oil dealer by himself.
More pressure on the shilling. Oil money due by end month and Eurobond payment due soon. Perfect storm is building up. Where is David Ndii?
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Not sure he could afford to upset apple cart. It is what it is..
Ruto should have turned to Russia for short term resolving oil crisis and longterm resolving the oil crisis.
Too busy on X fighting imaginery enemies.
Btw, the oil deal declared by Ruto as genious has already been abandoned. Now its back to the old ways, every oil dealer by himself.
More pressure on the shilling. Oil money due by end month and Eurobond payment due soon. Perfect storm is building up. Where is David Ndii?
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Been sending money lately. Now is 1.29-1.31 range. Soon, we maybe at 90-100 with Kenya Kwanza's sound policies starting to work.
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Dodged Eurobond bullet atleast for now but the fundamental have not changed. Productivity still very low. Unemployment numbers very high na cash crops ni zile zile. Until we discover minerals or oil or invent something then it's going to be very bumpy especially with the current global politics. Rainfall has helped.
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Dodged Eurobond bullet atleast for now but the fundamental have not changed. Productivity still very low. Unemployment numbers very high na cash crops ni zile zile. Until we discover minerals or oil or invent something then it's going to be very bumpy especially with the current global politics. Rainfall has helped.
The problem was Uhuru incompetence, alcohol, and runaway corruption. Things will slowly ratchet up and by 2026-2028, most Kenyans will want one party state under Kenya Kwanza. Sober leadership makes the difference. There are a lot of things getting aligned that will change Kenya for the better in 2-3 years.
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Been sending money lately. Now is 1.29-1.31 range. Soon, we maybe at 90-100 with Kenya Kwanza's sound policies starting to work.
Idiot.
He has borrowed over 400BNKES/$3BBUSD over the last 2 months to prop up the shilling.The CBK has been flooding the market with dollars everyday.
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As if when you voted for him in 2013 and 2017 you did not know he was a lazy drunkard.
As of corruption during Uhuru's error. Ruto was one of the biggest beneficiary of corruption during Uhuru's tenure. He is only second to the Kenyatta family that managed to increase its financial fortune during that period. Even today corruption is an issue as it is well tabulated the housing scheme is just another cookie jar for Ruto and his pals. He has installed his Amaco Insurance CEO as the head of the new health scheme. Amaco is one of the worst insurance companies in Kenya.
The problem was Uhuru incompetence, alcohol, and runaway corruption. Things will slowly ratchet up and by 2026-2028, most Kenyans will want one party state under Kenya Kwanza. Sober leadership makes the difference. There are a lot of things getting aligned that will change Kenya for the better in 2-3 years.
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CBK decided to raise rates to 13% highest rate in 10yrs to shore up the KSH. As a result KSH has strengthened but the high interest rates has increased non performing loans, forcing banks to increasingly borrow from cbk. Refinancing of euro eased pressure on the ksh, as hoarders of rushed to unload dollars. Kenya rolled over euro at a very expensive rate of 10%, Anyhow its like ksh was saved but at the expense of the "economy".
The problem is nobody knows how long this will last. Strong shilling is good but has to match a strong economy.
What is the focus - economics ya mawe or attract manufacturers leaving China?
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It's economics ya mawe via housing.
What manufacturing will come to kenya when their electrical grid isn't even reliable?
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It's economics ya mawe via housing.
What manufacturing will come to kenya when their electrical grid isn't even reliable?
Create a policy to attract solar power. Don't tax the sloar panels for 5yrs. Manufacturers will sell to the national grid and this will lower costs. Only catch is the panels should last 20 plus years. Why is it so difficult??
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Dollar down to ksh 125. Our currency is stronger than Japanese yen. Beside dodging default what else has changed? Govt flooding the market with borrowed dollars. How sustainable?
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:D :D
Most of the problems postponed to 2032. The interest rates for the loans have shot up. Kenya is not producing anything more than in 2023. In fact it is the opposite. Kenya is producing less than even in 2015.
Dollar down to ksh 125. Our currency is stronger than Japanese yen. Beside dodging default what else has changed? Govt flooding the market with borrowed dollars. How sustainable?
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:D :D
Most of the problems postponed to 2032. The interest rates for the loans have shot up. Kenya is not producing anything more than in 2023. In fact it is the opposite. Kenya is producing less than even in 2015.
Dollar down to ksh 125. Our currency is stronger than Japanese yen. Beside dodging default what else has changed? Govt flooding the market with borrowed dollars. How sustainable?
One thing that I have learned is that some inflation is better than deflation. People lose jobs during deflation.
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According to this financial expert Kenya's financial situation has not changed. Once we pay back the Eurobond through borrowed cash, the situation will go back to normal.
One thing that I have learned is that some inflation is better than deflation. People lose jobs during deflation.
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According to this financial expert Kenya's financial situation has not changed. Once we pay back the Eurobond through borrowed cash, the situation will go back to normal.
One thing that I have learned is that some inflation is better than deflation. People lose jobs during deflation.
I used to do the same when I was young. Take all credit cards, refinance at a fixed rate, say 9%, and then kept spending. Until one time I went on a strict financial diet.