Nipate

Forum => Kenya Discussion => Topic started by: Georgesoros on March 23, 2016, 03:36:58 PM

Title: 10,000 shillings doesn't last in Kenya
Post by: Georgesoros on March 23, 2016, 03:36:58 PM

Go out to eat, gas your car, and the money is gone.

Title: Re: 10,000 shillings doesn't last in Kenya
Post by: Globalcitizen12 on March 23, 2016, 04:45:19 PM

inflation at 15% annually so this means purchasing power is depreciating at the same rate. even at 7% and incomes staying flat or only moving up a bit. You need to grow income in Kenya at 10% just to keep up with rising prices

Title: Re: 10,000 shillings doesn't last in Kenya
Post by: Georgesoros on March 23, 2016, 08:03:10 PM

Quote from: Globalcitizen12 on March 23, 2016, 04:45:19 PM

inflation at 15% annually so this means purchasing power is depreciating at the same rate. even at 7% and incomes staying flat or only moving up a bit. You need to grow income in Kenya at 10% just to keep up with rising prices

You can't attract investors at this rate.