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97 Pages«<9293949596>»
Kenya Economy Watch
Wororo
#1861 Posted : Thursday, October 11, 2018 8:21:55 PM
Rank: Member


Joined: 1/30/2011
Posts: 191
kayhara
#1862 Posted : Thursday, October 11, 2018 8:39:51 PM
Rank: Veteran


Joined: 5/5/2011
Posts: 931
obiero
#1863 Posted : Friday, October 12, 2018 9:19:18 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,640
Location: nairobi
Death at Delta Towers in Westlands.. Apparently the gentleman was about to unearth earth shaking doings at a known corporate entity.. Reminds me of the Nakumatt guy.. There are some jobs that aren't simply worth it
https://www.businessdail...803202-8w27gk/index.html
COOP 5,500; KCB 2,500; KQ 95,000
Wororo
#1864 Posted : Saturday, October 13, 2018 9:52:56 AM
Rank: Member


Joined: 1/30/2011
Posts: 191
[quote=obiero]Death at Delta Towers in Westlands.. Apparently the gentleman was about to unearth earth shaking doings at a known corporate entity.. Reminds me of the Nakumatt guy.. There are some jobs that aren't simply worth it
https://www.businessdail...03202-8w27gk/index.html[/quote]


@obiero, do you know the details of the entity in focus...?

Kindly do you mind sharing some tidbits? Perhaps even sector it operates in, whether it's publicly listed or partially govt owned etc

Thank you beforehand
MugundaMan
#1865 Posted : Thursday, October 18, 2018 10:00:23 AM
Rank: Veteran


Joined: 1/8/2018
Posts: 923
Location: Future Dustbowl Citizen
Whole world says Kenya will stay red hawtt at an impressive 5.8% to 2019.
https://www.businessdail...10736-dys1n2/index.html
God bless our motherland! Dancing
"The best investment on earth is earth"
obiero
#1866 Posted : Thursday, October 18, 2018 11:00:16 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,640
Location: nairobi
Wororo wrote:
obiero wrote:
Death at Delta Towers in Westlands.. Apparently the gentleman was about to unearth earth shaking doings at a known corporate entity.. Reminds me of the Nakumatt guy.. There are some jobs that aren't simply worth it
https://www.businessdail...03202-8w27gk/index.html



@obiero, do you know the details of the entity in focus...?

Kindly do you mind sharing some tidbits? Perhaps even sector it operates in, whether it's publicly listed or partially govt owned etc

Thank you beforehand

Let me leave this here https://www.theelephant....e-kingdom-of-prosperity/
COOP 5,500; KCB 2,500; KQ 95,000
Angelica _ann
#1867 Posted : Friday, October 19, 2018 5:29:09 AM
Rank: Elder


Joined: 12/7/2012
Posts: 9,523
obiero wrote:
Wororo wrote:
[quote=obiero]Death at Delta Towers in Westlands.. Apparently the gentleman was about to unearth earth shaking doings at a known corporate entity.. Reminds me of the Nakumatt guy.. There are some jobs that aren't simply worth it
https://www.businessdail...03202-8w27gk/index.html



@obiero, do you know the details of the entity in focus...?

Kindly do you mind sharing some tidbits? Perhaps even sector it operates in, whether it's publicly listed or partially govt owned etc

Thank you beforehand

Let me leave this here https://www.theelephant....-kingdom-of-prosperity/[/quote]

Good read though abit of creativity in there. Things are not that but, at least not yet.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
obiero
#1868 Posted : Friday, October 19, 2018 6:01:30 AM
Rank: Elder


Joined: 6/23/2009
Posts: 10,640
Location: nairobi
Angelica _ann wrote:
obiero wrote:
Wororo wrote:
obiero wrote:
Death at Delta Towers in Westlands.. Apparently the gentleman was about to unearth earth shaking doings at a known corporate entity.. Reminds me of the Nakumatt guy.. There are some jobs that aren't simply worth it
https://www.businessdail...03202-8w27gk/index.html



@obiero, do you know the details of the entity in focus...?

Kindly do you mind sharing some tidbits? Perhaps even sector it operates in, whether it's publicly listed or partially govt owned etc

Thank you beforehand

Let me leave this here https://www.theelephant....-kingdom-of-prosperity/


Good read though abit of creativity in there. Things are not that but, at least not yet.

Yes. A good read. In regard to the depression, you wouldn't know if you are the payslip type
COOP 5,500; KCB 2,500; KQ 95,000
Ericsson
#1869 Posted : Friday, October 19, 2018 6:55:57 AM
Rank: Elder


Joined: 12/4/2009
Posts: 5,669
Location: NAIROBI
obiero wrote:
Angelica _ann wrote:
obiero wrote:
Wororo wrote:
obiero wrote:
Death at Delta Towers in Westlands.. Apparently the gentleman was about to unearth earth shaking doings at a known corporate entity.. Reminds me of the Nakumatt guy.. There are some jobs that aren't simply worth it
https://www.businessdail...03202-8w27gk/index.html



@obiero, do you know the details of the entity in focus...?

Kindly do you mind sharing some tidbits? Perhaps even sector it operates in, whether it's publicly listed or partially govt owned etc

Thank you beforehand

Let me leave this here https://www.theelephant....-kingdom-of-prosperity/


Good read though abit of creativity in there. Things are not that but, at least not yet.

Yes. A good read. In regard to the depression, you wouldn't know if you are the payslip type


A very good read and clearly represents what's on the ground.
@Obiero very true if you are the payslip type you wouldn't see the depression
maka
#1870 Posted : Saturday, October 20, 2018 7:59:47 AM
Rank: Elder


Joined: 4/22/2010
Posts: 10,726
Location: Nairobi
Ericsson wrote:
obiero wrote:
Angelica _ann wrote:
obiero wrote:
Wororo wrote:
obiero wrote:
Death at Delta Towers in Westlands.. Apparently the gentleman was about to unearth earth shaking doings at a known corporate entity.. Reminds me of the Nakumatt guy.. There are some jobs that aren't simply worth it
https://www.businessdail...03202-8w27gk/index.html



@obiero, do you know the details of the entity in focus...?

Kindly do you mind sharing some tidbits? Perhaps even sector it operates in, whether it's publicly listed or partially govt owned etc

Thank you beforehand

Let me leave this here https://www.theelephant....-kingdom-of-prosperity/


Good read though abit of creativity in there. Things are not that but, at least not yet.

Yes. A good read. In regard to the depression, you wouldn't know if you are the payslip type


A very good read and clearly represents what's on the ground.
@Obiero very true if you are the payslip type you wouldn't see the depression



Yep...
possunt quia posse videntur
obiero
#1871 Posted : Saturday, October 20, 2018 8:11:49 AM
Rank: Elder


Joined: 6/23/2009
Posts: 10,640
Location: nairobi
maka wrote:
Ericsson wrote:
obiero wrote:
Angelica _ann wrote:
obiero wrote:
Wororo wrote:
obiero wrote:
Death at Delta Towers in Westlands.. Apparently the gentleman was about to unearth earth shaking doings at a known corporate entity.. Reminds me of the Nakumatt guy.. There are some jobs that aren't simply worth it
https://www.businessdail...03202-8w27gk/index.html



@obiero, do you know the details of the entity in focus...?

Kindly do you mind sharing some tidbits? Perhaps even sector it operates in, whether it's publicly listed or partially govt owned etc

Thank you beforehand

Let me leave this here https://www.theelephant....-kingdom-of-prosperity/


Good read though abit of creativity in there. Things are not that but, at least not yet.

Yes. A good read. In regard to the depression, you wouldn't know if you are the payslip type


A very good read and clearly represents what's on the ground.
@Obiero very true if you are the payslip type you wouldn't see the depression



Yep...

Half the story https://www.standardmedi...an-who-fell-to-his-death
COOP 5,500; KCB 2,500; KQ 95,000
obiero
#1872 Posted : Saturday, October 20, 2018 8:55:22 AM
Rank: Elder


Joined: 6/23/2009
Posts: 10,640
Location: nairobi
Boom! 12B lost, just like that.. https://www.businessdail...13656-9lt1nxz/index.html
COOP 5,500; KCB 2,500; KQ 95,000
Pesa Nane
#1873 Posted : Saturday, October 20, 2018 8:47:40 PM
Rank: Elder


Joined: 5/25/2012
Posts: 3,933
Location: 08c
USD rate quietly sneaked past Kshs. 100.00 on Friday 19 October 2018. Sad
Pesa Nane plans to be shilingi when he grows up.
tinker
#1874 Posted : Saturday, October 20, 2018 10:33:20 PM
Rank: Member


Joined: 11/15/2010
Posts: 263
Location: Nairobi
Kenya is a very resilient country, we've got no real gold mines (large scale)like in Msanzi,Tz or Ghana, no hydocarbons being commercially exploited like in Nigeria or in Angola, no copper or diamond mines like in Zambia or West African countries.
Good old coffee and tea industry were strangled, same as sugar industry. Mathenge weed in North rift and water hyacinth in lakeside, tourism stranglelation by terrorism, extortion everywhere and mother of all being large scale looting of govt coffers and public institution by all Tom,Dick n Harrys who get a chance to loot. In spite of all this, we still stand tall.
I think it is a miracle that we still survive.
....He who began a good work in you will carry it on to completion..
obiero
#1875 Posted : Sunday, October 21, 2018 4:11:09 AM
Rank: Elder


Joined: 6/23/2009
Posts: 10,640
Location: nairobi
tinker wrote:
Kenya is a very resilient country, we've got no real gold mines (large scale)like in Msanzi,Tz or Ghana, no hydocarbons being commercially exploited like in Nigeria or in Angola, no copper or diamond mines like in Zambia or West African countries.
Good old coffee and tea industry were strangled, same as sugar industry. Mathenge weed in North rift and water hyacinth in lakeside, tourism stranglelation by terrorism, extortion everywhere and mother of all being large scale looting of govt coffers and public institution by all Tom,Dick n Harrys who get a chance to loot. In spite of all this, we still stand tall.
I think it is a miracle that we still survive.

Most Kenyans are no longer standing. By the way, resilience is in the Kenyan people, not the state
COOP 5,500; KCB 2,500; KQ 95,000
Muthawamunene
#1876 Posted : Sunday, October 21, 2018 6:01:43 AM
Rank: Member


Joined: 1/3/2011
Posts: 237
Location: Nairobi
tinker wrote:
Kenya is a very resilient country, we've got no real gold mines (large scale)like in Msanzi,Tz or Ghana, no hydocarbons being commercially exploited like in Nigeria or in Angola, no copper or diamond mines like in Zambia or West African countries.
Good old coffee and tea industry were strangled, same as sugar industry. Mathenge weed in North rift and water hyacinth in lakeside, tourism stranglelation by terrorism, extortion everywhere and mother of all being large scale looting of govt coffers and public institution by all Tom,Dick n Harrys who get a chance to loot. In spite of all this, we still stand tall.
I think it is a miracle that we still survive.



Kenya's biggest export is not tea and coffee, it's services. That is the thing that's keeping us ticking. It's your sweat and mine.
Ericsson
#1877 Posted : Monday, October 22, 2018 9:28:36 AM
Rank: Elder


Joined: 12/4/2009
Posts: 5,669
Location: NAIROBI
http://www.theeastafrica...11268-pay9pe/index.html

Kenya’s Energy Regulatory Commission (ERC) has recalled a draft energy sector masterplan after queries by some industry players.
According to the players, the recommendations could have far-reaching effects on the sector.
The plan, which is intended to guide the sector on generation expansion, opportunities, transmission infrastructure target, network expansion and resource requirements for the expansion programme, was drafted with the collaboration of sector utilities and co-ordinated by the ERC.
“The objective is to derive an optimal generation expansion plan for the country for the period 2017-2037 based on the prevailing commitments, available options and assumptions,” reads the policy.
Analysts said if the Updated Least Cost Power Development Plan 2017-2037 is implemented, the investments in the proposed power projects will most likely result in excess power (going by the current demand), and eventually idle power production facilities.
It proposes the suspension of nuclear energy from the power matrix by close to two decades and reducing the contribution of geothermal and hydro in the energy generation mix.
The 20-year blueprint, which had been uploaded on the ERC website and later pulled down, also recommends deferment of a coal power plant in the immediate future, stating that the country will only need coal-generated electricity in 2030.
Power purchase agreements
The plan further proposes that the government renegotiate signed power purchase agreements (PPAs) for large power plants, delay development of new geothermal power plants and put mechanisms in place to manage delays in implementation of generation projects.
Notably, the masterplan puts emphasis on the need to expand generation from wind, solar and natural gas, whose contribution to the energy mix is projected to increase from 1.1 per cent to 8.5 per cent (wind), zero per cent to 8.6 per cent (solar) and zero per cent to 7.6 per cent (natural gas).
Faced with opposition to the plan, ERC director-general Pavel Oimeke said the document will be subjected to further reviews before being adopted.
“The plan is still a draft. It has not yet been discussed and approved by the commission or stakeholders. It could change,” he told The EastAfrican.
The draft is largely an updated version of another controversial document, the 2015-2035 Electricity Sector Masterplan, prepared by consultancy firm Lahmeyer International.
The Kenya Nuclear Electricity Board (KNEB), which is laying the groundwork for a nuclear power plant and Amu Power, which is building a coal power plant, are opposed to the plan.
“We have told the ERC that the document needs to be reviewed because we don’t agree with its contents just as we did not agree with the Lahmeyer masterplan,” said Collins Juma, KNEB managing director. Amu Power chief operating officer Cyrus Kirima said the private sector, which was not involved in the preparation of the document, is baffled by the recommendations.
“The plan is contradicting because the government is pushing us to build the coal power plant to stabilise the grid, yet the document says the plant will cause supply-demand imbalance. I don’t know the official position,” he said.
Recommendations
He added that Amu Power has been in touch with the ERC to understand the criteria used in coming up with the recommendations, because Kenya is at a point where demand for electricity is growing as a result of economic and population growth.
However, on the regional front the plan praises Kenya’s commitment to interconnecting with neighbouring countries and part of regional power pools.
“Interconnections provide mutual benefits such as purchasing energy from neighbouring countries at a lower price and receiving additional security of supply. In this regard, it is recommended to further extend interconnections with neighbouring countries in the long term,” it states.
According to the plan, the total installed capacity over the next two decades is projected to increase from 2,234MW in 2017 to 7,213MW in 2030 and 9,932 MW in 2037.
Over the period, generation from geothermal is expected to decrease from 29.1 per cent to 26.7 per cent, and hydropower from 36 per cent to 17.9 per cent, while coal should increase from zero per cent to 19.5 per cent.
In the immediate term, with the coming onstream of the 300MW Lake Turkana Wind Power this year, the importation of 400MW from Ethiopia from next year, the commissioning of the 158MW Olkaria V geothermal and other projects, the existing capacity is expected to rise to at least 3,900MW by 2020.
This would result in an average of 583MW excess electricity in 2019-2023 should demand grow moderately at the current average of six per cent per annum.
The plan raises the question about the logic behind investing of $20 billion in some projects.
In particular, it notes that the 981MW Lamu coal plant, which should be complete in 2024, would aggravate the projected supply-demand imbalance with a surplus margin above 1,500MW.
This would be 43 per cent above the sum of peak and required reserve, with 32 per cent excess energy during the year.
The plant would also impact the cost of energy, which is anticipated to increase from US Cents 8.30 per kilowatt hour (kWh) in 2018 to US Cents 16.86/kWh in 2024 before declining to a range between US Cents 14.06/kWh and US Cents 12.95/kWh in the period 2030-2037.
To avoid excess power production and to ensure the coal plant is not grossly underutilised should demand grow moderately, the plan recommends that the implementation of the plant be phased and consist of smaller units of 150MW each to minimise the requirement of primary reserves.
On nuclear, the plan recommends that Kenya defer the implementation of the $5 billion plant and rethink the model by scaling down the unit capacity.
rwitre
#1878 Posted : Monday, October 22, 2018 12:08:00 PM
Rank: Member


Joined: 3/8/2018
Posts: 120
Location: Nairobi
GoK tentacles...

So KPLC is just eroding shareholders capital..
Kengen peoples only getting lunch packs and umbrellas pale AGM

KenRe and KCB are the cashcows that are still healthy.
KenRe- Management wrangles exposing its soft underbelly.
KCB and the recent Weston shenanigans- makes you wonder what else is going on behind the scenes.

Ericsson
#1879 Posted : Monday, October 22, 2018 12:25:18 PM
Rank: Elder


Joined: 12/4/2009
Posts: 5,669
Location: NAIROBI
https://www.businessdail...5796-y9xnloz/index.html

Parliament has asked the National Treasury to immediately allocate Sh1.6 billion to Kenyatta University Hospital to trigger the release of undisbursed loan owed to the Chinese government to operationalise the training facility.

The House says Sh656,682,2017 is needed for dry run budget and Sh1,060,490,567 for the soft run of Kenyatta University Teaching and Referral Hospital considering that the facility has been lying idle and the university is currently facing financial constraints.
Ericsson
#1880 Posted : Monday, October 22, 2018 12:38:20 PM
Rank: Elder


Joined: 12/4/2009
Posts: 5,669
Location: NAIROBI
https://www.businessdail...15488-22xy39/index.html

The interest paid on Kenya’s public debt rose past the Sh300 billion mark in the year to June 2018, new Treasury filings show, highlighting the steep cost of servicing the country’s debt ,which has crossed the Sh5 trillion mark.

The Treasury’s annual public debt management report shows that the taxpayer coughed up Sh321.2 billion in interest for domestic and external debt for the 2017/18 fiscal year, an 18.4 percent increase on the Sh271.2 billion in interest paid in the previous fiscal year.
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