Radarless uhuru housing plan dealt a blow

[RV Pundit]

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MPS dont understand big 4..dead on arrival

[hk]

MPS dont understand big 4..dead on arrival

I think they do, it was just plain old higher taxation. And taxpayers are maxed out and can't stomach higher taxes.

[RV Pundit]

If the big 4 was explained to mps theyd buy it but uhuru has chosen lone ranger tactics.He is afraid to face mps having been misled by Putin.I see wsr hand here.

[hk]

If the big 4 was explained to mps theyd buy it but uhuru has chosen lone ranger tactics.He is afraid to face mps having been misled by Putin.I see wsr hand here.

There was nothing to explain especially housing. It meant higher taxes for both employees and employers. Cotu and FKE opposed it.

[Georgesoros]

It could help if you tell us what it was!!!

[KenyanPlato]

There is no market for this nonsense..the easy easy way out of if is to improve incomes..kibaki tried and when they looked at civil servants credit worth they found most were levelaraged to gills with  personal loans..hk just explained to you that the market has no solution to this ....uhuru can only now fight corruption best he can and leave stage defeated

[patel]

Everything uhuru  touches turn to dust, fruits of stolen elections, empty handshake and bridges to no where. 4 more years of this nightmare. I hope the shilling collapse.

[RV Pundit]

Uhuru need to win back Mp support. This lone ranger tactics make big 4 stillborn. He should have sold Big4 to Jubilee rather than trying to force everyone onto it. This is huge failure in only other Big 4 that was attainable. Manufacturing & Food security are looking like impossible targets. Uhuru may need up without any legacy unless he redifine his legacy to infrastructure (SGR, electricity) - so he better concentrate on ant-graft war.

[hk]

Everything uhuru  touches turn to dust, fruits of stolen elections, empty handshake and bridges to no where. 4 more years of this nightmare. I hope the shilling collapse.

The shilling might collapse soon if IMF withdraw the standby loan. The forex reserve CBK is boasting about could evaporate in a heartbeat if the recent inflows of forex is "hot money". This will mean that even without VAT on fuel, prices will still go up. Also it'd mean repayments of foreign debt will be extra costly and that would lead to crippling of economy with high inflation rates.

[patel]

Time to sit back and watch this cookie crumble.  Switching to dollar account no way am gonna watch my measly investment evaporate just like that....

Everything uhuru  touches turn to dust, fruits of stolen elections, empty handshake and bridges to no where. 4 more years of this nightmare. I hope the shilling collapse.

The shilling might collapse soon if IMF withdraw the standby loan. The forex reserve CBK is boasting about could evaporate in a heartbeat if the recent inflows of forex is "hot money". This will mean that even without VAT on fuel, prices will still go up. Also it'd mean repayments of foreign debt will be extra costly and that would lead to crippling of economy with high inflation rates.

[RV Pundit]

KShs is 3rd strongest currency against USD globally - expecting it to crash is a bit ambitious. The idea is to retire the standby facility "silently"  without alarming the forex markets. It obvious IMF & kenya have to part ways on stand by facility - this september.

The shilling might collapse soon if IMF withdraw the standby loan. The forex reserve CBK is boasting about could evaporate in a heartbeat if the recent inflows of forex is "hot money". This will mean that even without VAT on fuel, prices will still go up. Also it'd mean repayments of foreign debt will be extra costly and that would lead to crippling of economy with high inflation rates.

[hk]

KShs is 3rd strongest currency against USD globally - expecting it to crash is a bit ambitious. The idea is to retire the standby facility "silently"  without alarming the forex markets. It obvious IMF & kenya have to part ways on stand by facility - this september.

Ksh is 3rd strongest currency against USD globally, based on what?

[RV Pundit]

Based on the small gains (2-3%) it's made on USD.

Ksh is 3rd strongest currency against USD globally, based on what?

[hk]

Based on the small gains (2-3%) it's made on USD.

Ksh is 3rd strongest currency against USD globally, based on what?

Based on what time period? Here is a annual chart of KES vs USD https://www.bloomberg.com/quote/USDKES:CUR .

[RV Pundit]

Try 1yr and compare with other currencies - everyone has been struggling against USD as FEDS plays with interest rates.

Based on what time period? Here is a annual chart of KES vs USD https://www.bloomberg.com/quote/USDKES:CUR .

[hk]

Try 1yr and compare with other currencies - everyone has been struggling against USD as FEDS plays with interest rates.

Based on what time period? Here is a annual chart of KES vs USD https://www.bloomberg.com/quote/USDKES:CUR .

There are many currencies doing better than KES. ZAR is doing better and other currencies like Turkey which was in a free fall the other day. Basically there's no way KES is the 3rd best performing currency vs USD in 1yr range. Turkey was boasting about its forex then in a heartbeat there was major withdraws and the currency depreciated. KES isn't unique or more resilient than other currencies given our precarious position in trade deficits.

[RV Pundit]

I'd take the risk - if the option is to remove the interest rate cap & add VAT on fuel. Let  Kshs depreciate first and we can ran pleading for IMF dollars. I think 100shs to USD is sweat spot now - we should aim to maintain. We had gone as high as 107shs to USD.

There are many currencies doing better than KES. ZAR is doing better and other currencies like Turkey which was in a free fall the other day. Basically there's no way KES is the 3rd best performing currency vs USD in 1yr range. Turkey was boasting about its forex then in a heartbeat there was major withdraws and the currency depreciated. KES isn't unique or more resilient than other currencies given our precarious position in trade deficits.

[gout]

Uhuru doesn't need MP's on things like housing - he should have the governors who own the land and then invite/negotiate with investors. The 300 billion into Msa Road toll nonsense is what is needed for housing. Seems he is not together even with Sonko on kanjo estates plans, maybe because their CMAX did not get the tenders.

I always thought these kanjo lands were where the housing big bang would be now seems it is all about Northlands estate.

[hk]

Uhuru should be working on how to reduce cost of housing not trying to get subsidized housing projects. The land issues need to be resolved and all the land in city council vault need to be released to the market. Treasury should be looking into how to get a 30yr bond for housing. Also a secularization law needs to be enacted so that mortgage companies can unload the loans to the market. But more importantly is to work on increasing Kenyans incomes. There are plenty of vacant houses even in low income areas like zimmerman, kayole etc cause kenyans can't afford. Yet slums are bulging. The problem isn't necessarily lack of houses its affordability.