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106 Pages«<104105106
Kenya Economy Watch
Angelica _ann
#2101 Posted : Wednesday, May 08, 2019 6:16:10 PM
Rank: Elder


Joined: 12/7/2012
Posts: 10,417
Kusadikika wrote:

If all the South Sudanese removed their dollars from Kenyas banks the dollar would be KES 180.


Governor Njoroge banned any locally affiliated financial institutions from commenting on the performance of the KES in public.smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
NewMoney
#2102 Posted : Wednesday, May 08, 2019 6:43:02 PM
Rank: New-farer


Joined: 3/1/2019
Posts: 50
Location: Nairobi
Ericsson wrote:
Shilling overvalued by 30 per cent - Amana Capital

Kenya is operating a managed shilling than a free float currency, running a risk of making its exports more expensive.

Speaking while unveiling a report that unpacks what is ailing Kenya's economy, Amana Capital chief investment officer Reginald Kadzutu said the shilling is overvalued by 30 per cent.

He explained that the consumer price index which was at Sh97 in 2009 has since risen to Sh192, meaning that Kenyans are spending Sh192 to buy what could be bought at Sh100 ten years ago, translating to 50 per cent devaluation of purchasing power.

''The shilling's exchange rate which was at 72 against the dollar in 2009 is now at Sh100. This represents 20 per cent devaluation, meaning the shilling is overvalued by 30 per cent, '' Kadzutu said.

Dubbed 'Kenya's Economic Puzzle', the report supports IMF's views on the shilling which were disputed by the Central Bank of Kenya.

https://www.the-star.co....per-cent-amana-capital/



All these while completely ignoring the fact that the dollar itself has inflated by 20% (or thereabouts) since 2009. Also, if the consumer price index goes up, it does not automatically imply inflation, a component of it could be explained by a rise in the cost of living, which results from forces of supply and demand for those consumer goods.

The IMF has its own reasons for claiming Kes is overvalued which they are not telling us, the numbers look good to me. The shilling is good, the Kenyan economy is strong, not everybody is happy about that, but what can we do....
Ericsson
#2103 Posted : Thursday, May 09, 2019 6:21:35 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,702
Location: NAIROBI
obiero
#2104 Posted : Thursday, May 09, 2019 7:02:20 PM
Rank: Elder


Joined: 6/23/2009
Posts: 11,664
Location: nairobi
Ericsson wrote:
https://www.the-star.co.ke/news/2019-05-09-broke-uon-ku-hold-workers-sh4bn-deductions/

The two boys
COOP 5,500; KCB 3,700; KQ 221,100
newfarer
#2105 Posted : Thursday, May 09, 2019 8:50:51 PM
Rank: Elder


Joined: 3/19/2010
Posts: 3,153
Location: Uganda
obiero wrote:
Ericsson wrote:
https://www.the-star.co.ke/news/2019-05-09-broke-uon-ku-hold-workers-sh4bn-deductions/

The two boys

times are tough but don't tell me its the interest cap cos these universities are already operating on bank overdraft s
punda amecheka
Kusadikika
#2106 Posted : Thursday, May 09, 2019 8:52:32 PM
Rank: Elder


Joined: 7/22/2008
Posts: 2,407
obiero wrote:
Ericsson wrote:
https://www.the-star.co.ke/news/2019-05-09-broke-uon-ku-hold-workers-sh4bn-deductions/

The two boys


UON is one of the biggest land owners in Nairobi. They just need to be creative and they can repay their debts and even generate surpluses. The problem with UON is that once people are employed they never leave regardless of performance. Believe me, if someone who was in UON 30 years ago goes there today he will find more than half of the people he left there are still there. Everybody from the groundsmen to the professors. Nothing changes, people keep their secure jobs and houses and side hustles.
obiero
#2107 Posted : Friday, May 10, 2019 12:05:48 AM
Rank: Elder


Joined: 6/23/2009
Posts: 11,664
Location: nairobi
newfarer wrote:
obiero wrote:
Ericsson wrote:
https://www.the-star.co.ke/news/2019-05-09-broke-uon-ku-hold-workers-sh4bn-deductions/

The two boys

times are tough but don't tell me its the interest cap cos these universities are already operating on bank overdraft s

Macroeconomics
COOP 5,500; KCB 3,700; KQ 221,100
Ericsson
#2108 Posted : Friday, May 10, 2019 8:31:20 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,702
Location: NAIROBI
obiero wrote:
newfarer wrote:
obiero wrote:
Ericsson wrote:
https://www.the-star.co.ke/news/2019-05-09-broke-uon-ku-hold-workers-sh4bn-deductions/

The two boys

times are tough but don't tell me its the interest cap cos these universities are already operating on bank overdraft s

Macroeconomics


The two boys are worse than KANU as Obiero had mentioned
kenyan2019
#2109 Posted : Thursday, May 23, 2019 8:24:52 AM
Rank: New-farer


Joined: 12/30/2018
Posts: 27
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