A economic avalanche is coming

[patel]

Economic collapse is real. No where to hide. Dollar heading to ksh200 speedi speedi.

[Georgesoros]

Cheap money that helped many developing nations has disappeared. MegaRich will triple income. Others tighten belts.

[RV Pundit]

Dollar shortages.Time to look inward and prepare to buy only essentials

What happens when you shut the interbank FX market for over a year and throw tantrums at anyone who says we have a problem! pic.twitter.com/johPW0xxrT

— Mohamed Wehliye, MBS (@WehliyeMohamed) March 2, 2023

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[RV Pundit]

Dollar is at 128. If you have projects at kenya time to send the mullah

[patel]

I think we will hit 150 in few weeks before things stabilize.  Am betting on it hitting 175 then retreating back to 120 or so.

[RV Pundit]

I hope it hit 150 mid year - I want to cash out my retirement and go back to Kenya.

I think we will hit 150 in few weeks before things stabilize.  Am betting on it hitting 175 then retreating back to 120 or so.

[Nowayhaha]

And there goes the purchasing power, what is KK government doing? If not careful we will go Sri Lanka and Ghana way . This coupled with Railas plan of insurrection is very dangerous .

[RV Pundit]

Raila has no plan. Dollars will remain a curve ball. Until US inflation is under control. We are in for a ride. At least ruto has secured critical fuel, food and last thing remaining is to secure medicine. The rest people can do without.

And there goes the purchasing power, what is KK government doing? If not careful we will go Sri Lanka and Ghana way . This coupled with Railas plan of insurrection is very dangerous .

[hk]

Raila has no plan. Dollars will remain a curve ball. Until US inflation is under control. We are in for a ride. At least ruto has secured critical fuel, food and last thing remaining is to secure medicine. The rest people can do without.

And there goes the purchasing power, what is KK government doing? If not careful we will go Sri Lanka and Ghana way . This coupled with Railas plan of insurrection is very dangerous .

2024 will be a make or break year, $1.5b eurobond  is due plus also $4.5b fuel payment.  Tea trading partners e.g. egypt and pakistan have forex problems, remittance might increase marginally or remain the same amount. The only sector that can register significant growth is tourism. Ksh. has depreciated making kenya a cheaper tourist destination.

[RV Pundit]

Shida..gov borrowing at almost 15%

IFB1/2023/017 results are out!

Amount offered: Kes 50.0 billion
Bids received at cost: Kes 59.8 billion
Amount accepted: Kes 50.9 billion
Coupon: 14.39% pic.twitter.com/REnCKVyyxb

— Julians Amboko (@AmbokoJH) March 8, 2023

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[gout]

The rains have to fall otherwise it is a cliff.

Still the dynasties assets can be seized in a state of emergency to feed the people and buy medicine.

[RV Pundit]

Pakistani 40% - of kenya tea export - run out of dollars
https://www.businessdailyafrica.com/bd/markets/commodities/sh1-3bn-kenyan-tea-held-at-karachi-port--4152960

[gout]

Economy 'recovery' not yet being felt. So far the rains are good.

The current high cost of living tops the main issues Kenyans say they are facing currently.
#TIFAGoKPerfomance pic.twitter.com/cLYIQZqKi8

— Mac Otani 🇰🇪 (@MacOtani) March 29, 2023

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[gout]

With raging floods, the talk of dams is totally hushed. We are on IEBC.

[gout]

Interesting.
Improved health indicators? First generation of self-employed old timers with no pension savings?

https://www.businessdailyafrica.com/bd/economy/over-82pc-of-retirees-back-to-work-amid-high-inflation-4193784

[RV Pundit]

Not an issues as most of them are part-time farmers. Would only be an issue once we urbanize. Most kenyans invest in their rural abode for post-retirement life.

Interesting.
Improved health indicators? First generation of self-employed old timers with no pension savings?

https://www.businessdailyafrica.com/bd/economy/over-82pc-of-retirees-back-to-work-amid-high-inflation-4193784

[gout]

Not necessarily. Looks like rent and food. Even subsistence farming has fallen apart in past 3 years.

Many of those working were doing so to meet basic needs. Another 6,881 persons above the age of 60 joined young graduates in actively looking for jobs, says the KNBS survey.

[Nowayhaha]

Mainly due to no post retirement plans
Cost of living having gone high
Poor investment choices with retirement money
Lack of financial support from Children
Lack of a concrete pension investment policy.
Lack of co curricular activities in Kenya
The next generstion of retirees like Pundit will be consumed by alcohol.

Interesting.
Improved health indicators? First generation of self-employed old timers with no pension savings?

https://www.businessdailyafrica.com/bd/economy/over-82pc-of-retirees-back-to-work-amid-high-inflation-4193784

[gout]

For the poor walking is enough co-curricular activity. You are aways waking till death.

A small farm is a solid pension plan. Depending on kids as social capital has been working but not with current economic crisis. For the rich, they leave wealth to their brats- we are yet to have many success stories especially where there was no education.

Fombe means there is some disposable income.

Mainly due to no post retirement plans
Cost of living having gone high
Poor investment choices with retirement money
Lack of financial support from Children
Lack of a concrete pension investment policy.
Lack of co curricular activities in Kenya
The next generstion of retirees like Pundit will be consumed by alcohol.

Interesting.
Improved health indicators? First generation of self-employed old timers with no pension savings?

https://www.businessdailyafrica.com/bd/economy/over-82pc-of-retirees-back-to-work-amid-high-inflation-4193784

[gout]

Seems effects of Maandamano are instant.
We are on 20th.

https://www.citizen.digital/news/govt-yet-to-release-ksh137b-in-salaries-list-of-most-affected-ministries-n318308