Kenya Economy adds 848,100 new jobs as growth rises

[gout]

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

[Nefertiti]

@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.

[gout]

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.

[Nefertiti]

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.

[Nefertiti]

@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

[gout]

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

[Nefertiti]

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/

[gout]

The business environment is worsening. No one manufacturer can see anything good from the extortionist Finance Bill.

[gout]

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