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97 Pages«<94959697>
Madness at the NSE
watesh
#1901 Posted : Wednesday, November 06, 2019 10:43:21 AM
Rank: Member


Joined: 8/10/2014
Posts: 754
Location: Kenya
xtina wrote:
Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap


(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit.
Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said.
The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.


Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.















KRA will take advantage and slap people with outrageous tax demands, spend years in court and spend decades to repay back the outrageous amounts they demanded
muandiwambeu
#1902 Posted : Wednesday, November 06, 2019 10:55:58 AM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,162
watesh wrote:
xtina wrote:
Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap


(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit.
Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said.
The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.


Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.















KRA will take advantage and slap people with outrageous tax demands, spend years in court and spend decades to repay back the outrageous amounts they demanded

It feels mpeketoni every corner of Kenya. No wonder lamu is very unique in it's population census. Feeling like being tax mpeketone and am in freight mood already. Such laws or registrations are outrageous I say.
,Behold, a sower went forth to sow;....
AndyC
#1903 Posted : Wednesday, November 06, 2019 11:38:15 AM
Rank: Member


Joined: 4/21/2015
Posts: 124
muandiwambeu wrote:
watesh wrote:
xtina wrote:
Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap


(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit.
Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said.
The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.


Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.















KRA will take advantage and slap people with outrageous tax demands, spend years in court and spend decades to repay back the outrageous amounts they demanded

It feels mpeketoni every corner of Kenya. No wonder lamu is very unique in it's population census. Feeling like being tax mpeketone and am in freight mood already. Such laws or registrations are outrageous I say.


This government will go down as one that got everything they wanted but failing terribly as they wanted all the wrong things.
maka
#1904 Posted : Wednesday, November 06, 2019 12:01:34 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,236
Location: Nairobi
AndyC wrote:
muandiwambeu wrote:
watesh wrote:
xtina wrote:
Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap


(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit.
Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said.
The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.


Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.















KRA will take advantage and slap people with outrageous tax demands, spend years in court and spend decades to repay back the outrageous amounts they demanded

It feels mpeketoni every corner of Kenya. No wonder lamu is very unique in it's population census. Feeling like being tax mpeketone and am in freight mood already. Such laws or registrations are outrageous I say.


This government will go down as one that got everything they wanted but failing terribly as they wanted all the wrong things.


True....
possunt quia posse videntur
mlennyma
#1905 Posted : Wednesday, November 06, 2019 12:41:21 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,996
Location: nairobi
maka wrote:
AndyC wrote:
muandiwambeu wrote:
watesh wrote:
xtina wrote:
Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap


(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit.
Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said.
The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.


Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.















KRA will take advantage and slap people with outrageous tax demands, spend years in court and spend decades to repay back the outrageous amounts they demanded

It feels mpeketoni every corner of Kenya. No wonder lamu is very unique in it's population census. Feeling like being tax mpeketone and am in freight mood already. Such laws or registrations are outrageous I say.


This government will go down as one that got everything they wanted but failing terribly as they wanted all the wrong things.


True....

Total mess,tyranny of destruction
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#1906 Posted : Wednesday, November 06, 2019 2:00:55 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,631
Location: NAIROBI
Volumes traded today are quite heavy.
Safaricom 40mn shares
Equity bank 11mn shares
Coop bank 7mn shares
lochaz-index
#1907 Posted : Wednesday, November 06, 2019 4:51:49 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 988
sparkly wrote:
Ericsson wrote:
whiteowl wrote:
VituVingiSana wrote:
xtina wrote:
Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap


(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit.
Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said.
The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.


Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.
A connected firm could cripple a competitor.


This renders the legal process mute.Its like serving a prison sentence before getting the verdict. This is some high level bs coming from PORK!


After crippling judiciary now comes this.
Uhuru kenyatta should just finish his term and go in peace.
Remaining duration he can't make any meaningful positive change to the economy


1. The Drunk Emperor knows very well that the Tax Appeals Tribunal (TAT) was not sitting from March 2018 to September this year;

2. The reason for TAT not sitting is because members' terms expired in March 2018 and his Govt didn't Gazette new members for more than an year;

3. His Govt further cut the budget for the judiciary (which includes the quasi judicial tribunals like the TAT);

4. He tried to use DCI to collect taxes from Keroche, Wines of the World etc but court told him it doesn't world like that;

5. He harrased, arrested and prosecuted KRA officers, cases still in the courts but tax collection didn't rise;

6. He is now complaining of backlog at TAT as if he doesn't know who caused it;

7. Let the guy drink his whisky, go for foreign trips then retire as the most underwhelming president in the history of Kenya.


Very unfortunate and entirely avoidable turn of events.
The main purpose of the stock market is to make fools of as many people as possible.
mulla
#1908 Posted : Thursday, November 07, 2019 11:47:42 AM
Rank: Member


Joined: 6/15/2013
Posts: 280
lochaz-index wrote:
sparkly wrote:
Ericsson wrote:
whiteowl wrote:
VituVingiSana wrote:
xtina wrote:
Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap


(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit.
Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said.
The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.


Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.
A connected firm could cripple a competitor.


This renders the legal process mute.Its like serving a prison sentence before getting the verdict. This is some high level bs coming from PORK!


After crippling judiciary now comes this.
Uhuru kenyatta should just finish his term and go in peace.
Remaining duration he can't make any meaningful positive change to the economy


1. The Drunk Emperor knows very well that the Tax Appeals Tribunal (TAT) was not sitting from March 2018 to September this year;

2. The reason for TAT not sitting is because members' terms expired in March 2018 and his Govt didn't Gazette new members for more than an year;

3. His Govt further cut the budget for the judiciary (which includes the quasi judicial tribunals like the TAT);

4. He tried to use DCI to collect taxes from Keroche, Wines of the World etc but court told him it doesn't world like that;

5. He harrased, arrested and prosecuted KRA officers, cases still in the courts but tax collection didn't rise;

6. He is now complaining of backlog at TAT as if he doesn't know who caused it;

7. Let the guy drink his whisky, go for foreign trips then retire as the most underwhelming president in the history of Kenya.


Very unfortunate and entirely avoidable turn of events.


Enyewe electing someone who came from privelege and doesnt know the frustrations the businessman on the ground goes through was a big mistake.
KRA tax demands for more than half the time do not make any sense.They just pull figures from the sky and levy it out on you. Now pork wants you to pay this without defending yourself first?
Many businesses will not be able to foot these demands, then guess what, closure and loss of jobs and income to the economy.Why would a struggling business want this added on unrighteous burden?
Rating of pork so far.....2/10.....very poor....
cyruskulei
#1909 Posted : Thursday, November 07, 2019 12:26:51 PM
Rank: Member


Joined: 3/9/2010
Posts: 203
Location: kenya
mulla wrote:
lochaz-index wrote:
sparkly wrote:
Ericsson wrote:
whiteowl wrote:
VituVingiSana wrote:
xtina wrote:
Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap


(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit.
Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said.
The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.


Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.
A connected firm could cripple a competitor.


This renders the legal process mute.Its like serving a prison sentence before getting the verdict. This is some high level bs coming from PORK!


After crippling judiciary now comes this.
Uhuru kenyatta should just finish his term and go in peace.
Remaining duration he can't make any meaningful positive change to the economy


1. The Drunk Emperor knows very well that the Tax Appeals Tribunal (TAT) was not sitting from March 2018 to September this year;

2. The reason for TAT not sitting is because members' terms expired in March 2018 and his Govt didn't Gazette new members for more than an year;

3. His Govt further cut the budget for the judiciary (which includes the quasi judicial tribunals like the TAT);

4. He tried to use DCI to collect taxes from Keroche, Wines of the World etc but court told him it doesn't world like that;

5. He harrased, arrested and prosecuted KRA officers, cases still in the courts but tax collection didn't rise;

6. He is now complaining of backlog at TAT as if he doesn't know who caused it;

7. Let the guy drink his whisky, go for foreign trips then retire as the most underwhelming president in the history of Kenya.


Very unfortunate and entirely avoidable turn of events.


Enyewe electing someone who came from privelege and doesnt know the frustrations the businessman on the ground goes through was a big mistake.
KRA tax demands for more than half the time do not make any sense.They just pull figures from the sky and levy it out on you. Now pork wants you to pay this without defending yourself first?
Many businesses will not be able to foot these demands, then guess what, closure and loss of jobs and income to the economy.Why would a struggling business want this added on unrighteous burden?
Rating of pork so far.....2/10.....very poor....


Someone wants to make the entire kenyan population slaves and only one or few masters. Then we beg for everything including kuenda kusalamia your spouse. Dynasties. Read Maraga's "kenya iko na wenyewe"
Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.

muandiwambeu
#1910 Posted : Sunday, November 10, 2019 9:08:39 PM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,162
cyruskulei wrote:
mulla wrote:
lochaz-index wrote:
sparkly wrote:
Ericsson wrote:
whiteowl wrote:
VituVingiSana wrote:
xtina wrote:
Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap


(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit.
Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said.
The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.


Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.
A connected firm could cripple a competitor.


This renders the legal process mute.Its like serving a prison sentence before getting the verdict. This is some high level bs coming from PORK!


After crippling judiciary now comes this.
Uhuru kenyatta should just finish his term and go in peace.
Remaining duration he can't make any meaningful positive change to the economy


1. The Drunk Emperor knows very well that the Tax Appeals Tribunal (TAT) was not sitting from March 2018 to September this year;

2. The reason for TAT not sitting is because members' terms expired in March 2018 and his Govt didn't Gazette new members for more than an year;

3. His Govt further cut the budget for the judiciary (which includes the quasi judicial tribunals like the TAT);

4. He tried to use DCI to collect taxes from Keroche, Wines of the World etc but court told him it doesn't world like that;

5. He harrased, arrested and prosecuted KRA officers, cases still in the courts but tax collection didn't rise;

6. He is now complaining of backlog at TAT as if he doesn't know who caused it;

7. Let the guy drink his whisky, go for foreign trips then retire as the most underwhelming president in the history of Kenya.


Very unfortunate and entirely avoidable turn of events.


Enyewe electing someone who came from privelege and doesnt know the frustrations the businessman on the ground goes through was a big mistake.
KRA tax demands for more than half the time do not make any sense.They just pull figures from the sky and levy it out on you. Now pork wants you to pay this without defending yourself first?
Many businesses will not be able to foot these demands, then guess what, closure and loss of jobs and income to the economy.Why would a struggling business want this added on unrighteous burden?
Rating of pork so far.....2/10.....very poor....


Someone wants to make the entire kenyan population slaves and only one or few masters. Then we beg for everything including kuenda kusalamia your spouse. Dynasties. Read Maraga's "kenya iko na wenyewe"

Vile hii ndume imekamatwa na hawa wanaume wawili, ndivyo mambo yameilemea hii bull ya nse pia na hawa ndume wawili🤩,the bull is very impotent and powerlessed......
https://drive.google.com...mYM_Ej/view?usp=drivesdk
,Behold, a sower went forth to sow;....
xtina
#1911 Posted : Monday, November 11, 2019 9:54:57 AM
Rank: Member


Joined: 6/26/2008
Posts: 271
the downward spiral continues....
Ericsson
#1912 Posted : Monday, November 11, 2019 10:03:56 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,631
Location: NAIROBI
xtina wrote:
the downward spiral continues....


IMF bailout for Kenya coming next year
Horton
#1913 Posted : Monday, November 11, 2019 10:56:02 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,484
Location: Nairobi
cyruskulei wrote:
mulla wrote:
lochaz-index wrote:
sparkly wrote:
Ericsson wrote:
whiteowl wrote:
VituVingiSana wrote:
xtina wrote:
Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap


(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit.
Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said.
The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.


Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.
A connected firm could cripple a competitor.


This renders the legal process mute.Its like serving a prison sentence before getting the verdict. This is some high level bs coming from PORK!


After crippling judiciary now comes this.
Uhuru kenyatta should just finish his term and go in peace.
Remaining duration he can't make any meaningful positive change to the economy


1. The Drunk Emperor knows very well that the Tax Appeals Tribunal (TAT) was not sitting from March 2018 to September this year;

2. The reason for TAT not sitting is because members' terms expired in March 2018 and his Govt didn't Gazette new members for more than an year;

3. His Govt further cut the budget for the judiciary (which includes the quasi judicial tribunals like the TAT);

4. He tried to use DCI to collect taxes from Keroche, Wines of the World etc but court told him it doesn't world like that;

5. He harrased, arrested and prosecuted KRA officers, cases still in the courts but tax collection didn't rise;

6. He is now complaining of backlog at TAT as if he doesn't know who caused it;

7. Let the guy drink his whisky, go for foreign trips then retire as the most underwhelming president in the history of Kenya.


Very unfortunate and entirely avoidable turn of events.


Enyewe electing someone who came from privelege and doesnt know the frustrations the businessman on the ground goes through was a big mistake.
KRA tax demands for more than half the time do not make any sense.They just pull figures from the sky and levy it out on you. Now pork wants you to pay this without defending yourself first?
Many businesses will not be able to foot these demands, then guess what, closure and loss of jobs and income to the economy.Why would a struggling business want this added on unrighteous burden?
Rating of pork so far.....2/10.....very poor....


Someone wants to make the entire kenyan population slaves and only one or few masters. Then we beg for everything including kuenda kusalamia your spouse. Dynasties. Read Maraga's "kenya iko na wenyewe"



He was just upset about the Mercedes S500
Metch
#1914 Posted : Tuesday, November 12, 2019 9:17:03 AM
Rank: Member


Joined: 12/22/2015
Posts: 177
Location: Mombasa, Kenya
Metch
#1915 Posted : Tuesday, November 12, 2019 9:18:57 AM
Rank: Member


Joined: 12/22/2015
Posts: 177
Location: Mombasa, Kenya
Metch wrote:
https://www.businessdailyafrica.com/economy/Stockbrokers-warn-of-mass-NSE-forced-buyouts/3946234-5345796-pb11tpz/index.html


Is it open season for buyouts and delisting?
What does it mean for me with my small holdings?
Start!
obiero
#1916 Posted : Tuesday, November 12, 2019 9:25:28 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,387
Location: nairobi
Metch wrote:
Metch wrote:
https://www.businessdailyafrica.com/economy/Stockbrokers-warn-of-mass-NSE-forced-buyouts/3946234-5345796-pb11tpz/index.html


Is it open season for buyouts and delisting?
What does it mean for me with my small holdings?

Utajua hujui
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 221,100 ABP 12.68
watesh
#1917 Posted : Tuesday, November 12, 2019 9:27:34 AM
Rank: Member


Joined: 8/10/2014
Posts: 754
Location: Kenya
Metch wrote:
Metch wrote:
https://www.businessdailyafrica.com/economy/Stockbrokers-warn-of-mass-NSE-forced-buyouts/3946234-5345796-pb11tpz/index.html


Is it open season for buyouts and delisting?
What does it mean for me with my small holdings?

Just wait to be bought out at a premium and move to the remaining listed companies....Stanbic Holdings will most likely take advantage of this new law. The holding company has been slowly increasing its ownership in the Kenyan subsidiary.
sparkly
#1918 Posted : Tuesday, November 12, 2019 9:28:14 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,380
Location: Enk are Nyirobi
Metch wrote:
Metch wrote:
https://www.businessdailyafrica.com/economy/Stockbrokers-warn-of-mass-NSE-forced-buyouts/3946234-5345796-pb11tpz/index.html


Is it open season for buyouts and delisting?
What does it mean for me with my small holdings?


Jubilee government full of shit. Selling out its own citizens.

People in Kakuzi are in immediate danger. Carmelia are not happy with Kibunga's purchases and want him out.
Life is short. Live passionately.
wukan
#1919 Posted : Tuesday, November 12, 2019 10:46:11 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,228
sisemi kitu...Uhuru the wazuanLaughing out loudly Laughing out loudly

https://www.pd.co.ke/new...ease-cash-crisis-13036/

Quote:
President Uhuru Kenyatta yesterday moved to address the cash crunch facing the country when he spelt out measures aimed at improving money circulation in the lower brackets of the economy.

In a move that is likely to ease the pain of traders owed money by State agencies, parastatal heads were directed to immediately release Sh34 billion in pending bills as a way of unlocking the flow of cash to ordinary Kenyans.


Quote:
Addressing a meeting of parastatal heads at State House, Nairobi, Uhuru is said to have expressed displeasure over the low money circulation among the wananchi.

“The President wondered where all the money being used to construct government projects is going. In fact, he specifically asked us the question: Why are people broke; why is it that there is no money in their pockets?” one of the parastatal chiefs who attended the meeting confided in People Daily.


Quote:
The Head of State also directed corporations with surplus money to immediately stop trading in Treasury Bills. So far, the meeting was told, various State corporations are holding about Sh100 billion in Treasury Bills, which the President ordered to be withdrawn immediately.

Risky borrowers

Treasury Bills are a secure, short-term investment option which offers returns after a relatively short commitment of funds.

By ordering the public sector to pull out of the money market, the State hopes banks will increase their lending to the so-called “risky borrowers”, paving the way for more money for SMEs.

The Head of State is also said to have expressed concern that government tenders have been benefitting only a few people.
littledove
#1920 Posted : Tuesday, November 12, 2019 11:00:16 AM
Rank: Member


Joined: 7/1/2014
Posts: 736
Location: sky
sparkly wrote:
Metch wrote:
Metch wrote:
https://www.businessdailyafrica.com/economy/Stockbrokers-warn-of-mass-NSE-forced-buyouts/3946234-5345796-pb11tpz/index.html


Is it open season for buyouts and delisting?
What does it mean for me with my small holdings?


Jubilee government full of shit. Selling out its own citizens.

People in Kakuzi are in immediate danger. Carmelia are not happy with Kibunga's purchases and want him out.

we are are also in danger at cfc, unga shareholders also
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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