The premise you had put forward still stands and it is wrong, intellectually, logically and economically. Also as I have stated GOK does not manipulate the currency, the market decides the value by the demand it puts ie. Imports,exports and remittances from diaspora which hit about kshs 280 billion.Let me even simplify further.
1)Lets assume IMF are correct on 17.5% over valuation
2)Lets take one component in the GDP=C+I+G+(X−M) equation in this case " I " or simply investment in infrastructure
3)For simplicity sake lets reduce I to the dollar value of building Kimwarer dam at ksh 20bn. The payment was made on July 1st 2018 when kes was trading at 100 to the dollar. So kenya used 20bn kes to buy $20m usd and pay the contractor instead of using 23.5bn kes (17.5% + true value)
4) 23.5bn - 20bn is the over valuation that will also refleclect on the GDP calculation at the end of the year
Simply any component of GDP is captured when it occured and woe unto you if you capture it in a fake exchange rate inflated for political reasons..
The ignorant will still bash imf's 17.5% figure
To make matters worse, Kimwarer dam was captured as GDP growth in 2018, and money was spent but on the ground there is nothing..All was stolen
1) KenyaAs per this report Tanzania is The third largest economy in East Africa. I would like to know who is the First and Second Largest economy in East Africa
Naona umeanza kulia lia..aina haja ya kuwa na billionaire mmoja halafu wengine wote ni maskini...
Kenya ina millionaires wengi hta kuliko nchi zote za east africa...
Hyo billionaire mmoja ina maana hko hamna competition ya maana...ndio manake kampuni kubwa kubwa ni za hao waarabu na wahindi..mliobaki nyinyi ni wavivu...
[emoji1787][emoji1787][emoji1787][emoji1787][emoji1787][emoji1787][emoji1787]billionaire mmoja +kundi la wavivu=ldc
Let them continue taking advice from a call girl, whose business failed in Kenya because she has no business skills, that is why she is disgruntled. I started my company last year and now i have grown four fold in this market. Investors are flocking by their numbers.. Factories are opening up, New cities are being planned by the private sector. That girl does not even have any meaningful business in those countries she is praising. I have seen her type before, no brains but think their beauty is currency for a good life, once they hit 25+ they realize that currency is very fragile and no man wants to copulate with a 25+ yr old socialite.N
Now wtf is Varsity.co.ke.....Cheap blogging sites for traffic purposes!
I don't even know why I am engaging you on this...
You seem not to understand how GDP in ksh ends up into dollars.The premise you had put forward still stands and it is wrong, intellectually, logically and economically. Also as I have stated GOK does not manipulate the currency, the market decides the value by the demand it puts ie. Imports,exports and remittances from diaspora which hit about kshs 280 billion.
Let them continue taking advice from a call girl, whose business failed in Kenya because she has no business skills, that is why she is disgruntled. I started my company last year and now i have grown four fold in this market. Investors are flocking by their numbers.. Factories are opening up, New cities are being planned by the private sector. That girl does not even have any meaningful business in those countries she is praising. I have seen her type before, no brains but think their beauty is currency for a good life, once they hit 25+ they realize that currency is very fragile and no man wants to copulate with a 25+ yr old socialite.
Ha ahahahahahha, says the hawker of oranges and cabbages. What do you know about business?Bro a successful bussines haihitaji MANENO mengi, inajitangaza yenyewe: mpaka apo am pretty sure ni propaganda tu unaongea
Ha ahahahahahha, says the hawker of oranges and cabbages. What do you know about business?
I have a good understanding of logic and economy that is why I will call you out on your lies and nobody is debating IMF. I am debating your illogical leaps of thought and irrational conclusions by quoting IMF reports to try and look intelligent.You seem not to understand how GDP in ksh ends up into dollars.
Let me hint it to you. Anything that is charged on the current a/c is converted into dollar value as per the exchange rate of that day and if the transaction was in foreign currency you take the actual rate for the item.
If you use a fake rate of 100 bob per dollar instead of 117.5 as per IMF data, you are just cheating yourself and your GDP at the close of books will also be inflated.
As we have established, arguing with IMF is the preserve of idiots.
Ha ahahahahahha, says the hawker of oranges and cabbages. What do you know about business?
You don't, good so keep quiet and try to learn.A lot of businesses in Kenya are successful, yet you have not heard of them. especially technology companies. I am sure you think the only tech company in Kenya is safaricom.Maybe I don't , a successful business inajitangaza yenyewe boss,
I have a good understanding of logic and economy that is why I will call you out on your lies and nobody is debating IMF. I am debating your illogical leaps of thought and irrational conclusions by quoting IMF reports to try and look intelligent.
What did i say that was illogical? hahaha boss stop blanket statements that are meaninglessI have a good understanding of logic and economy that is why I will call you out on your lies and nobody is debating IMF. I am debating your illogical leaps of thought and irrational conclusions by quoting IMF reports to try and look intelligent.
Lol, facts. Wishful thinking from a Tanzanian, that is to be expected. Nobody is bitter just calling you and your ilk out on your delusions of grandeur while ignoring the very dark reality of a miserable life.The problem you guys are so bitter on the fact that we dont care on those reports, even our government doesn't , we know what's the reason for all these and we reason on facts
For a person who claims to have facts, you sure are in short supply of the same.If you reason with logic, then you should have understood your country so well before , your citizens are dying of hunger, your debating with people who don't even know what hunger is, and they are the same people feeding you: go fix this first and your currency
These are the same people who made this thread exist and we know the truth,For a person who claims to have facts, you sure are in short supply of the same.
Survey finds most Tanzanians go hungry, despite government denials
Most Tanzanians have experienced hunger in the past three months, with food shortages most severe in drought-hit rural areas, a countrywide survey found, despite government denials of a food crisis.www.reuters.com
You know your delusions(an idiosyncratic belief or impression maintained despite being contradicted by reality or rational argument, typically as a symptom of mental disorder)These are the same people who made this thread exist and we know the truth,
Hii ni taasisi ya pili kushusha takwimu za ukuaji wa kiuchumi Tanzania, IMF waliposema wakaishia kufokewa sana na kuitwa mabeberu, sasa World Bank nao wamesema, ile timu povu iandae bundle maana kazi mnayo ya kuanza kung'aka na kuwatukana hawa pia.
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Tanzania’s economy expanded 5.2 percent in 2018, the World Bank said on Thursday, the second major report this year from a multilateral financial institution contradicting rosier government figures.
Tanzania’s finance minister had told parliament last month that growth was 7 percent last year
In a report, the World Bank, which makes its calculations based on state data, also forecast 2019 growth at 5.4 percent - again lower than the government’s estimate of 7.1 percent.
Last year’s growth was affected by a decline in investment, exports and private lending, the report said.
“Data related to consumption, investment and net trade suggest that growth softened in 2018,” it said.
President John Magufuli embarked on an ambitious programme of industrialisation after coming to power in 2015, investing billions of dollars into infrastructure, including a new rail line, reviving the national carrier and a hydropower plant.
But government interventions in mining and agriculture have led to declining investment in east Africa’s third largest economy.
Foreign direct investment has more than halved since 2013, while private sector lending growth plummeted to less than 4 percent in 2018, far below the 20 percent average between 2013-16.
The World Bank report follows an unpublished International Monetary Fund (IMF) report in April that also raised questions over Magufuli’s handling of the economy.
Leaked version
A leaked version of the report, seen by Reuters, accused the government of undermining the economy with “unpredictable and interventionist” policies, saying medium-term growth would be around 4-5 percent, again below official forecasts.
In its report, the World Bank said investment growth was subdued partly because of government struggles to meet spending targets in development projects.
The economy could grow to 6 percent by 2021 “with a modest improvement of the business climate and a pick-up in [foreign direct investment] and other private investment,” the bank said.
Other economic indicators also point to a slowing economy.
The current account deficit widened to 5.2 percent of GDP in the year ending January 2019, up from 3.2 percent a year earlier, the bank said.
The value of exports dropped nearly 4 percent last year, partly because the government banned cashew exports, a major foreign exchange earner, due to low prices.
Standard gauge railway
On the other hand, the construction of the standard gauge railway and expansion of Dar es Salaam port helped drive up the value of imports by 7.8 percent, the World Bank said.
The government should minimise economic risk by improving the business environment and fiscal management, it recommended.
Globally, Tanzania is also vulnerable to weaker demand, tighter financing conditions, and higher international energy prices, it said.
World Bank contradicts Tanzania's growth estimates
Tanzania had put the growth at 7 percentwww.businessdailyafrica.com
You know your delusions(an idiosyncratic belief or impression maintained despite being contradicted by reality or rational argument, typically as a symptom of mental disorder)
There are worse crimes than burning books. One of them is not reading them.What did i say that was illogical? hahaha boss stop blanket statements that are meaningless
Now lets tell us how Kenya economy that is run on KSH reports GDP in dollars.. Specificaly, what is the process?