A economic avalanche is coming

[gout]

In the tropics the market is basic - fresh produce all day. Unless for exports.

These low hanging fruits in agro processing exports are made practically unviable by KEBS, Kenya Power and other government leeches.
 

Onions have are at Kshs. 25-50 per kilo from a high of Kshs. 200. The weather has been perfect.

Farmers margins??

Onions can be dried and made to last a couple years

[gout]

Scary numbers. With globalist wannabe having abandoned the hustler economy basics something gonna give.

Protests by tea farmers show that peasantry farming is reaching its productive peak just like Gen Z are saying urban slums have been milked dry.

 

https://x.com/Stats_Kenya/status/1796470847575900573

[gout]

Monthly tax receipts underperformance may mean 100% used on debt expenditure.

Attempts to make Till, Paybill and Pochi ETRs will mean we will have as 300K by 2025. Enda withdraw ama nitumie kwa namba yangu is the chorus these days. 

The thugs thinking they can squeeze more as they continue with billions deals is a costly joke.

The telecoms operator says it had 633,010 active merchants on its Lipa na M-Pesa and another 632,680 on Pochi la Biashara tills at the end of March. Apart from going after mobile phone money accounts, the authorities will also seek to raise more consumption taxes and ensure that property owners are paying their fair share, the Treasury said earlier.

https://www.businessdailyafrica.com/bd/economy/m-pesa-paybills-to-become-kra-tax-registers-by-december-25-4790050

[gout]

The globalist wannabe must be feeling the pressure if EPRA has agreed to ease up on fuel prices. Quite a sign.

[RV Pundit]

The economy is slowly turning the cornerhttps://x.com/ehdande/status/1850809944506818570?t=BOm3Ne3ecnUsMaWGvgqeTw&s=19

[gout]

This is a funny analysis. A drop in one month repayment does not say much given most debts fall due in January and June.

Government is borrowing to pay salaries and other recurrent expenditures.

https://www.businessdailyafrica.com/bd/economy/state-loans-diverted-to-salaries-utilities-double-to-sh416bn--4782830

The economy is slowly turning the cornerhttps://x.com/ehdande/status/1850809944506818570?t=BOm3Ne3ecnUsMaWGvgqeTw&s=19

[Georgesoros]

This is a funny analysis. A drop in one month repayment does not say much given most debts fall due in January and June.

Government is borrowing to pay salaries and other recurrent expenditures.

https://www.businessdailyafrica.com/bd/economy/state-loans-diverted-to-salaries-utilities-double-to-sh416bn--4782830

The economy is slowly turning the cornerhttps://x.com/ehdande/status/1850809944506818570?t=BOm3Ne3ecnUsMaWGvgqeTw&s=19

thanls men.
makes me get prepped financially

[gout]

An additional million kids have joined a stagnant dysfunctional economy at a time Ruto and his minions declare war on the creative economy.

[gout]

Employers can see trouble already

[patel]

It's only going to get worse. USA foreign aid suspended. Major institutions like WHO that have heavy presence in NBO in trouble. Not sure how the shilling is holding at 128 vs USD.

[gout]

The inflation in kwinya and other poor shitholes refusing to bulge. Traders rather throw away stock than sell at a 'loss'. Too rigid for quick decision-making.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Pale Marikiti some of us abstained from bringing in stock in January cos it&#39;s usually a hard month and opted to work from our locals. <br>Feb got here and we were enthusiastic to go back. <br>Guys, stock that usually takes at most half a day to sell is now taking 5 days!!!</p>&mdash; Njeri (@NjeriMuchina2) <a href="

Pale Marikiti some of us abstained from bringing in stock in January cos it's usually a hard month and opted to work from our locals.
Feb got here and we were enthusiastic to go back.
Guys, stock that usually takes at most half a day to sell is now taking 5 days!!!

— Njeri (@NjeriMuchina2) February 13, 2025

?ref_src=twsrc%5Etfw">February 13, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

[gout]

Unga rising past 130 $1

https://naivas.online/commodities/flour

Cooking sijui vegetable oil up above 250 per litre

https://naivas.online/fats-oils/vegetable-oils

[gout]

Yellow maize imports after Ruro/Ndiinomics low unga price fertilizer success chorus.

[gout]

Some economic pulse

https://www.facebook.com/ikoltom/posts/pfbid02UYdiHdHSpuZ1CwWXWvHCroXnCu8p62ARbZg7W5usoMWWYKQCx6niLZn3xHL4zD8Pl

[gout]

It is home.

Defaults on loans tapped to buy homes, land and vehicles shot up by nearly a fifth to Sh173.3 billion last year on elevated interest rates, triggering a wave of auctions in a softening economy where business and households grappled with reduced earnings.

Analysis of the latest Central Bank of Kenya (CBK) data shows the stock of gross non-performing loans (NPLs) for the real estate and transportation sectors grew 18.7 percent from Sh146 billion in the prior year.

Joseph Gikonyo, chief executive at Garam Auctioneers, said last year the sector struggled to find buyers for vehicles, land and homes at reserve prices because of a glut.

“Every day, we a repossessing cars and attaching to properties left right and centre,” Mr Gikonyo told the Business Daily last October.

“While there has been an increase in the number of properties being put up for auction, there has been a corresponding low uptake of these assets. The uptake is a historical low.”

Some of the major developers who are battling auctioneers include Erdemann Property Ltd and Suraya’s 62 apartments in Lonehill Estate in Nairobi’s Madaraka estate, two five-bedroom apartments at Mandara Villa 12 Rosslyn Heights and an undeveloped parcel of land in Imara Daima.

https://www.businessdailyafrica.com/bd/economy/defaults-on-asset-financing-loans-hit-sh173bn-on-high-rates-5037312

[patel]

Small question.  Anyone know of reliable source online for properties that are up for Auction.  Things will only get difficult as we move forward. Finance bill 2025 -2026 expect to see more msukasuko for few months then with IEBC in place expect siasa proper for 2027 and MPs recall.  No work from now on till 2028.

It is home.

Defaults on loans tapped to buy homes, land and vehicles shot up by nearly a fifth to Sh173.3 billion last year on elevated interest rates, triggering a wave of auctions in a softening economy where business and households grappled with reduced earnings.

Analysis of the latest Central Bank of Kenya (CBK) data shows the stock of gross non-performing loans (NPLs) for the real estate and transportation sectors grew 18.7 percent from Sh146 billion in the prior year.

Joseph Gikonyo, chief executive at Garam Auctioneers, said last year the sector struggled to find buyers for vehicles, land and homes at reserve prices because of a glut.

“Every day, we a repossessing cars and attaching to properties left right and centre,” Mr Gikonyo told the Business Daily last October.

“While there has been an increase in the number of properties being put up for auction, there has been a corresponding low uptake of these assets. The uptake is a historical low.”

Some of the major developers who are battling auctioneers include Erdemann Property Ltd and Suraya’s 62 apartments in Lonehill Estate in Nairobi’s Madaraka estate, two five-bedroom apartments at Mandara Villa 12 Rosslyn Heights and an undeveloped parcel of land in Imara Daima.

https://www.businessdailyafrica.com/bd/economy/defaults-on-asset-financing-loans-hit-sh173bn-on-high-rates-5037312

[gout]

Check out these

https://www.westminster.co.ke/our-services/auctions/current-inventory/

https://www.garam.co.ke/index.php/bank-properties/properties-for-sale