Nipate
Forum => Kenya Discussion => Topic started by: RV Heavy Hitter! on May 22, 2024, 03:50:07 AM
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GDP growth as well. 8 years to go and a lot will change in Kenya for the better!
https://www.businessdailyafrica.com/bd/economy/economy-adds-848-100-new-jobs-as-growth-rises--4629606
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Good job on economy - at most diffuclt time - to grow 5.6%.
I also see formal jobs rose from usual 80K to 120K.
This mostly from teachers hiring of 50k.
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How is hiring? Teachers, military etc I read everyday of companies widing down and layoffs, floods etc whatever they aye saying or the numbers are not hitting the common mwananchi, people are suffering and this is all before these new taxes hit.
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You like arguing.
How is hiring? Teachers, military etc I read everyday of companies widing down and layoffs, floods etc whatever they aye saying or the numbers are not hitting the common mwananchi, people are suffering and this is all before these new taxes hit.
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Growth of economy by loaning money to pay Eurobond?
Kenya is at its worst like Moi time in terms of Youth employment and retrenchments.
Whoever says otherwise is a Fanatic or does not live in Kenya.
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Growth of economy by loaning money to pay Eurobond?
Kenya is at its worst like Moi time in terms of Youth employment and retrenchments.
Whoever says otherwise is a Fanatic or does not live in Kenya.
. Your personal issues do not translate to economy that grew 5.6%...higher than handshake bar recovery growth of 21
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Gachagua, Kindiki, ngavanas are leading the chiefs, police, kanjos in terrorizing hasoras creating the jobs.
It requires no loans or additional taxes to ensure police and kanjos stop extorting hasoras. And the said tax base will sort itself.
https://nation.africa/kenya/news/blow-to-government-as-court-court-sides-with-bar-owners-in-anti-alcohol-campaign-case-4632584
he sector which is largely represented by micro, small and medium enterprises saw its total share of jobs rise past the 16 million mark at 16.68 million jobs compared to 15.96 million jobs in 2022.
Informal sector jobs now account for 83.4 percent of all jobs in the economy compared to 83.3 percent of jobs previously. A further 4,300 new jobs emerged last year from self-employment and unpaid family workers.
Is this an indicator of climate change kizungu mingi hot air?
Jobs created out of electricity, gas, steam and air conditioning supply however slacked, falling by 200 roles.
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Numbers don't lie.
Ruto needs to press on with debt weaning and redirecting subsidies to production not consumption. Expect usual noises from Omtata and Sifuna as they oppose Finance Bill 24. But those eforms will pay off.
Simultaneously Ruto & GoK Inc are here stepping up FDI, debt restructuring and marketing Kenya pristine credentials. Literally Kenya has no impediment but only needs persistent savvy courting. Ambassador or commercial should be PS-level caliber right now - at least in strategic countries.
Ruto is nicking it. He has invited Biden for state visit next year.
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Invited Biden for state visit , Very laughable……Trump will be in that seat …..
Numbers don't lie.
Ruto needs to press on with debt weaning and redirecting subsidies to production not consumption. Expect usual noises from Omtata and Sifuna as they oppose Finance Bill 24. But those eforms will pay off.
Simultaneously Ruto & GoK Inc are here stepping up FDI, debt restructuring and marketing Kenya pristine credentials. Literally Kenya has no impediment but only needs persistent savvy courting. Ambassador or commercial should be PS-level caliber right now - at least in strategic countries.
Ruto is nicking it. He has invited Biden for state visit next year.
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Duhh it's a metaphor that he is pulling all the levers.
What I don't hear from you and Omtata - is alternative strategy. What is better than Rutonomics?
1. FDI vs infra-first Kibakism. You need startups than roads
2. Production subsidies (fertilizer, seeds, etc) vs handouts
3. Optimize levies via cashless digital - it's thieves and freeloaders crying. Pay up and demand service
4. Et cetera. I would love to tax (idle) assets or wealth... not reviewed Finance Bill 24 yet.
I want to see if 7am target meetings with ambassadors or commercial attaches can land Apple and Tesla assemblies in Athi River or Naivasha SEZ. We are not just praising Ruto fwaa. The time for hard M&E iko bado.
If Ruto manages impressive Kagame numbers... I will join Pundit to extend his term. If not we kick him fiercely ala 2022.
Invited Biden for state visit , Very laughable……Trump will be in that seat …..
Numbers don't lie.
Ruto needs to press on with debt weaning and redirecting subsidies to production not consumption. Expect usual noises from Omtata and Sifuna as they oppose Finance Bill 24. But those eforms will pay off.
Simultaneously Ruto & GoK Inc are here stepping up FDI, debt restructuring and marketing Kenya pristine credentials. Literally Kenya has no impediment but only needs persistent savvy courting. Ambassador or commercial should be PS-level caliber right now - at least in strategic countries.
Ruto is nicking it. He has invited Biden for state visit next year.
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Ruto as long as he continue to listen to expert advice is on the right track.
Duhh it's a metaphor that he is pulling all the levers.
What I don't hear from you and Omtata - is alternative strategy. What is better than Rutonomics?
1. FDI vs infra-first Kibakism. You need startups than roads
2. Production subsidies (fertilizer, seeds, etc) vs handouts
3. Optimize levies via cashless digital - it's thieves and freeloaders crying. Pay up and demand service
4. Et cetera. I would love to tax (idle) assets or wealth... not reviewed Finance Bill 24 yet.
I want to see if 7am target meetings with ambassadors or commercial attaches can land Apple and Tesla assemblies in Athi River or Naivasha SEZ. We are not just praising Ruto fwaa. The time for hard M&E iko bado.
If Ruto manages impressive Kagame numbers... I will join Pundit to extend his term. If not we kick him fiercely ala 2022.
Invited Biden for state visit , Very laughable……Trump will be in that seat …..
Numbers don't lie.
Ruto needs to press on with debt weaning and redirecting subsidies to production not consumption. Expect usual noises from Omtata and Sifuna as they oppose Finance Bill 24. But those eforms will pay off.
Simultaneously Ruto & GoK Inc are here stepping up FDI, debt restructuring and marketing Kenya pristine credentials. Literally Kenya has no impediment but only needs persistent savvy courting. Ambassador or commercial should be PS-level caliber right now - at least in strategic countries.
Ruto is nicking it. He has invited Biden for state visit next year.
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GDP growth of 5.8% driven by agriculture. After 2yrs of drought the sector had to rebound after ample rainfall last year, the fertilizer subsidy effect was marginal at best. The much heralded FDIs are the likes of moderna which has already stopped the investment. The others are wind energy which conversely ensures that thermal energy remains relevant to smooth out intermittency of wind energy.
The biggest albatross on the kenya economy is high government borrowing and the high interest rates caused by borrowing. There's nothing being done to lower rates so that private sector can access credit. Without private sector investments, jobs, economic growth and wealth creation will remain a pipedream.
Taxes and levies are only pushing more businesses into the informal sector, no wonder its only informal sectors thats creating jobs.
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40% increase of maize prod from 30m bags to almost 50m bags didn't just happened coz of rain but Gok did great
. This year we will see more Agri prod. Private credit grew by 13%. Interest still a problem with npl but I expect come August things will be nyweeeeGDP growth of 5.8% driven by agriculture. After 2yrs of drought the sector had to rebound after ample rainfall last year, the fertilizer subsidy effect was marginal at best. The much heralded FDIs are the likes of moderna which has already stopped the investment. The others are wind energy which conversely ensures that thermal energy remains relevant to smooth out intermittency of wind energy.
The biggest albatross on the kenya economy is high government borrowing and the high interest rates caused by borrowing. There's nothing being done to lower rates so that private sector can access credit. Without private sector investments, jobs, economic growth and wealth creation will remain a pipedream.
Taxes and levies are only pushing more businesses into the informal sector, no wonder its only informal sectors thats creating jobs.
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As long as the middle class is shrinking, there will be no economic growth.
There needs to be balance.
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40% increase of maize prod from 30m bags to almost 50m bags didn't just happened coz of rain but Gok did great
. This year we will see more Agri prod. Private credit grew by 13%. Interest still a problem with npl but I expect come August things will be nyweeeeGDP growth of 5.8% driven by agriculture. After 2yrs of drought the sector had to rebound after ample rainfall last year, the fertilizer subsidy effect was marginal at best. The much heralded FDIs are the likes of moderna which has already stopped the investment. The others are wind energy which conversely ensures that thermal energy remains relevant to smooth out intermittency of wind energy.
The biggest albatross on the kenya economy is high government borrowing and the high interest rates caused by borrowing. There's nothing being done to lower rates so that private sector can access credit. Without private sector investments, jobs, economic growth and wealth creation will remain a pipedream.
Taxes and levies are only pushing more businesses into the informal sector, no wonder its only informal sectors thats creating jobs.
Credit growth is below 8%. Bumper harvest of maize would dictate that NCPB maize price be reduced to reflect on increased supply, hasn't happened. So not only are taxpayers paying for subsidy, they're also paying for inflated prices on maize, this is double taxation on taxpayers.
The banking industry is simply not lending to private sector, everyone is now investing in government debt including housing fund.
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NCPB was buy at 4000 - you know farmers been stuck at 6000 per bags for 3yrs.
Now maize is almost retailing for 2500 - 3000.
Unga is no longer an issue - in fact next year maize of 2kg will sell for 100shs.
If Ruto watches maize and make sure it never cross 100 - his re-election is almost gurantee - majority of kenya just care about Ugali and sukama wiki.
Financial sector is sick - because the money from frontier simply moved to advanced nations - and that money is starting to flow back.
With it - things will improve. All one need now is NOT to sink. I believe come august with payment of China sgr - gok will sort their stuff - money will start to flow - for those who depend on public sector - which is a lot of people.
Credit growth is below 8%. Bumper harvest of maize would dictate that NCPB maize price be reduced to reflect on increased supply, hasn't happened. So not only are taxpayers paying for subsidy, they're also paying for inflated prices on maize, this is double taxation on taxpayers.
The banking industry is simply not lending to private sector, everyone is now investing in government debt including housing fund.
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People on the ground are telling me that economically, things are extremely bad. No money in their pockets. Ndii is abused everyday on twitter.
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People on the ground are telling me that economically, things are extremely bad. No money in their pockets. Ndii is abused everyday on twitter.
Weaning baby off breast milk and Cerelac expect tantrums. Swapping debt for tax efficiency. Swapping handouts for fertilizer. Not easy but will pay off.
I see Kenya's big opening as geoeconomics: the chaos of Sudan, Somalia, etc; the Gaza fallout; the West vs China-Russia; the Africa startup era. These are not small stuff.. and Ruto is just the man for the job.
The "global financial architecture" forum is ongoing in Nairobi right now. Ruto is no joke. Of all things you can do, FDI at scale is the single biggest lever that can grow Kenya. I told you there is a reason why you now have the Ministry of "Investment, trade & industry".. shows the new focus.
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Hasla and his government officials can only be weaned off through a looming debt default. Then they will understand that hasoras tantrums mean something and stop thinking the trillions they are spending and are planning to spend do not come from Washington.
Tax efficiency requires brutal government expenditure management.
People on the ground are telling me that economically, things are extremely bad. No money in their pockets. Ndii is abused everyday on twitter.
Weaning baby off breast milk and Cerelac expect tantrums. Swapping debt for tax efficiency. Swapping handouts for fertilizer. Not easy but will pay off.
I see Kenya's big opening as geoeconomics: the chaos of Sudan, Somalia, etc; the Gaza fallout; the West vs China-Russia; the Africa startup era. These are not small stuff.. and Ruto is just the man for the job.
The "global financial architecture" forum is ongoing in Nairobi right now. Ruto is no joke. Of all things you can do, FDI at scale is the single biggest lever that can grow Kenya. I told you there is a reason why you now have the Ministry of "Investment, trade & industry".. shows the new focus.
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Going by Ndindi's budget estimate they have trimmed 300B off 2024-5. Brutal enough.
But the strategy is: replace debtflow with FDI.. which requires really hard work Ruto has been doing out here.
Hasla and his government officials can only be weaned off through a looming debt default. Then they will understand that hasoras tantrums mean something and stop thinking the trillions they are spending and are planning to spend do not come from Washington.
Tax efficiency requires brutal government expenditure management.
People on the ground are telling me that economically, things are extremely bad. No money in their pockets. Ndii is abused everyday on twitter.
Weaning baby off breast milk and Cerelac expect tantrums. Swapping debt for tax efficiency. Swapping handouts for fertilizer. Not easy but will pay off.
I see Kenya's big opening as geoeconomics: the chaos of Sudan, Somalia, etc; the Gaza fallout; the West vs China-Russia; the Africa startup era. These are not small stuff.. and Ruto is just the man for the job.
The "global financial architecture" forum is ongoing in Nairobi right now. Ruto is no joke. Of all things you can do, FDI at scale is the single biggest lever that can grow Kenya. I told you there is a reason why you now have the Ministry of "Investment, trade & industry".. shows the new focus.
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It requires addressing hasora's concern on cost of doing business in Kenya. The power costs and uncertain crazy tax regimes cannot foster any FDI. Nobody is going to give out dollars just like that.
They want dividends and interest which has to be paid by hasoras calling more, using fuliza/paybills more not less.
“FMR’s decision on Safaricom holding is mainly because of the delay in being able to repatriate their dividends. This breached an internal requirement for them as it would for other foreign investors,” said one of the sources who runs a fund for listed equity investments in multiple countries including Kenya.
“It can be disastrous for foreign investors, typically pensions, endowments, and asset managers with regular distribution obligations to not receive scheduled dividends and sale proceeds, and it is normally a significant red flag that leads to a withdrawal of foreign investors.”
https://www.businessdailyafrica.com/bd/corporate/companies/top-us-investor-sells-600m-safaricom-shares-in-dividend-protest--4544462
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@gout $5m is such spittle. They can huggle with Ndii or Njuguna there. FDI at scale is B's... not stock but factories or startup seed funds. REAL CAPITAL. 2022 startup funding was $800m - which needs to 10X - and that needs deploying serious emissaries to foreign capitals. And sucking up to Meg Whitman, Joe Biden, Elon Musk, Saudi, Russian & Jewish oligarchics, the devil, etc.
Hustle sijui Bottoms-Up abra cadabra was just that - STOP using that as the benchmark. How can a campaign hattrick unrelated to real-economics be a yardstick for anything? It like one-man-one-sh or cow insurance or analog vs digital lies.
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Hasora/cottage economy is the cheapest way out of our misery. China and the Asian tigers will remain the factory of the world for all sort of reasons and head start.
The start ups once they set up base in Kenya, the number lies unravel. Not enough customers with requisite disposable income to assure any profitability.
The cheap fertilizer was working and then seems Meg said no to Russia thus fake goat dung fertilizers from all sort of dubious sources.
Destroying and not caring for hasoras is thus pursuit of unseen mega birds for a bird in hand. The mega projects are only bitumen at an inflated crazy prices, now that Meg's West cannot invest in SGR.
@gout $5m is such spittle. They can huggle with Ndii or Njuguna there. FDI at scale is B's... not stock but factories or startup seed funds. REAL CAPITAL. 2022 startup funding was $800m - which needs to 10X - and that needs deploying serious emissaries to foreign capitals. And sucking up to Meg Whitman, Joe Biden, Elon Musk, Saudi, Russian & Jewish oligarchics, the devil, etc.
Hustle sijui Bottoms-Up abra cadabra was just that - STOP using that as the benchmark. How can a campaign hattrick unrelated to real-economics be a yardstick for anything? It like one-man-one-sh or cow insurance or analog vs digital lies.
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Hustlers have pervaded since Jesus fed them fish and bread on the mountain. I am not saying don't mind them or even hand them tax breaks, etc - but seize the moment.
Geoeconomics is the OPPORTUNE. A sliding window of stars aligned once in a millennium. Grand thing Ruto deft radar cannot miss this. A decade ago no African would address G7.
Hasora/cottage economy is the cheapest way out of our misery. China and the Asian tigers will remain the factory of the world for all sort of reasons and head start.
The start ups once they set up base in Kenya, the number lies unravel. Not enough customers with requisite disposable income to assure any profitability.
The cheap fertilizer was working and then seems Meg said no to Russia thus fake goat dung fertilizers from all sort of dubious sources.
Destroying and not caring for hasoras is thus pursuit of unseen mega birds for a bird in hand. The mega projects are only bitumen at an inflated crazy prices, now that Meg's West cannot invest in SGR.
@gout $5m is such spittle. They can huggle with Ndii or Njuguna there. FDI at scale is B's... not stock but factories or startup seed funds. REAL CAPITAL. 2022 startup funding was $800m - which needs to 10X - and that needs deploying serious emissaries to foreign capitals. And sucking up to Meg Whitman, Joe Biden, Elon Musk, Saudi, Russian & Jewish oligarchics, the devil, etc.
Hustle sijui Bottoms-Up abra cadabra was just that - STOP using that as the benchmark. How can a campaign hattrick unrelated to real-economics be a yardstick for anything? It like one-man-one-sh or cow insurance or analog vs digital lies.
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@gout - if megaship China can retool from 65% real estate & construction to hitec - so can Kenya. Wachana na sufuria na karai bwana. Manufacturing or SME must still grow - but real transformational growth needs serious lever. Ruto, Ndii and everyone gets this ... keep up.
China's economy has entered a new era of economic growth
Published: May 20, 2024 10:36 PM
China's impressive economic growth over the past few decades is primarily attributed to its massive investments, especially in some priority areas. According to the World Bank, the average investment is 25 percent of the global GDP. In developing countries with high levels of investment, this figure can reach up to 30 to 34 percent. However, China's investment rate has remained above 40 percent for over 20 years. Approximately two-thirds of China's total investment has been made in real estate and infrastructure.
https://www.globaltimes.cn/page/202405/1312677.shtml?id=11
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Meg burnt some 300 mbirioni in months. Same we will use to build the expressway and pay for years. Thinking mzungu will throw money to Africa is delusion. He will continue engaging in vanity projects as long as he can print the dollars which everyone wants even Chinese and Russians oligarchs.
Quibi, the shortform video streaming service designed for people to enjoy on their phones, has shuttered after less than a year of existence.
Led by veteran Hollywood executive Jeffrey Katzenberg and former HP CEO Meg Whitman, the streaming service was designed to be a revolutionary way to watch videos on the go, with shows and films specifically formatted to work in both landscape and portrait modes. With nearly $2 billion raised before Quibi even launched in April and a long line of Hollywood talent on board to provide movies and shows, Katzenberg and Whitman felt pretty good about their prospects — even if analysts and media critics questioned the duo’s strategy.
https://www.theverge.com/2020/10/22/21528404/quibi-shut-down-cost-subscribers-content-tv-movies-katzenberg-whitman-tiktok-netflix
Silicon valley copy paste start ups cannot compete with underfunded hasoras for poor idle customers.
https://www.theeastafrican.co.ke/tea/business/start-up-closures-leave-trail-of-job-losses-in-africa-4573492
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The alcoholic court jester is strangely coherent
Kenya on course to becoming middle-income country – Kuria
The CS said the objectives will be achieved through targeted investments across five core pillars of Agriculture, Micro, Small and Medium Enterprises Economy (MSME), Housing and Settlement, Healthcare, and Digital Superhighway and Creative Economy.
https://www.the-star.co.ke/news/2024-06-03-kenya-on-course-to-becoming-middle-income-country-kuria/
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The business environment is worsening. No one manufacturer can see anything good from the extortionist Finance Bill.
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KRA terrorists have been told to empty the pockets of Kenyans and close all businesses.
Pesa mfukoni for shadow debtors.
KRA’s coercive power means they can tell you what to do. As everyone now knows, to ensure compliance, they have decreed that they will not recognize as costs for tax purposes any payments done without an eTims receipt.
Kenyans have been trying hard to comply. Except that eTims system is unstable, experiencing outages for days at a time.
KRA won’t say what is wrong, except that the system is down. Businesses are frustrated. Forced to go physically to KRA offices, most small businesses have been stranded for weeks.
With customers demanding eTims invoices and receipts, business is at a standstill.
Without cash flow, small businesses can neither pay taxes nor service expensive loans. It is no wonder then, that nonperforming loans are at the highest level since 2006.
Which leads me to Nanyuki. Tiger, the motorcycle assembler located there, is closing. Reports indicate that they are re-locating to Tanzania, citing taxation as the main problem.
Taxation has driven motorcycle prices from 70,000 to 150,000 shillings. The assembler had employed hundreds of people, now he has four, whose job is to sell off existing stock and close the factory.
https://nation.africa/kenya/blogs-opinion/opinion/taxes-lead-to-closure-of-nanyuki-bike-factory-4650668