Big-Time Investors Pump in $4.250bn

joto la jiwe said:

Baada ya hizo rebasing, GDP ya Kenya ilifikia $63B, mwaka jana 2016, na Tanzania ikafikia $55B, utaona gap hapo imepungua kutoka $9B kutoka 2010 hadi $8B mwaka 2016, hii ni kwasababu Tanzania GDP yake iliongezeka kwa 33 -35%, na uchumi wa Kenya ulikua kati ya 20 -25%.

The fact is GDP ya Kenya ni $63B na Tanzania ni $55B, after rebasing, japo wataalamu wa uchumi wengi wanachukulia uchumi huu wa baada ya rebasing kwamba sio asilia na wanapendelea kutumia takwimu za kabla ya ku rebasing. Bado ninataka kujua hiyo GDP ya above $70B imepatikanaje?

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Tony254 said:

Sijasema hamuezi kutupita. Actually mnaeza kutupita. Unajua T.Z saa hii inakuwa kwa mwendo wa kasi sana. Kwa hivyo ceteris paribus yaani mambo yakiendelea hivi na T.Z ikiendelea kukuwa kwa mwendo kasi na huku sisi tukiendelea kukuwa kwa mwendo wa 5% basi kwa miaka kama saba hivi mtatupita. Ila China imejaribu kupita U.S kwa miaka mingi in terms of norminal GDP lakini haijaweza. China inakuwa kwa mwendo wa 7% na U.S kwa mwendo wa 2.5% lakini juu gap ni kubwa hawajaweza kupiku U.S in terms of norminal GDP. Lakini China wamepita U.S in terms of GDP PPP yaani purchasing power parity. Nilisoma mahali T.Z. mmepita Kenya in terms of GDP PPP lakini ikifika mambo ya normal GDP bado gap kati yetu ni kubwa na mnaeza tupita labda baada ya miaka zaidi ya tano na lazima mkue kwa rate ya zaidi ya 7% au 8% na sisi tukue kwa rate ya 5% au 4%. Ole wenu iwapo Kenya tutaanza kukua kwa mwendo wa 6% kwani hamtawahi kutufikia. Haya ni mambo ya hesabu na uchumi na ni mambo rahisi ila huwa inachanganya usipokuwa makini.

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joto la jiwe said:

Mbona unatoka kwenye hard discussion unarudi kwenye soft discussion?, hayo unayosema ni kwa maoni yako unavyofikiria, kila mtu anaweza kufikiria anavyoona, mimi ninataka tulitafute hilo gap unalosema ni kubwa na linaongezeka, lipo wapo?, Mimi nimekuleta kutoka 2010 mpaka tumefika 2016 nikatoa GDP za nchi zote mbili, kabla na baada ya rebasing, kabla ya rebasing gap ni $9.18B, baada ya rebasing limeshuka hadi $8B.
1)Unaposema gap ni kubwa unazungumzia gap lipi?
2)Hiyo GDP ya above $70B imepatikanaje, mbona ni kama iliyopikwa?

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Kafrican said:

Anyway loans/debt is not included in FDI inflow, even with common sense, If loans were included in FDI then Kenya would be number one in FDI, we have taken loans amounting to more than $12Billion since 2013, starting with the $3.8B SGR loan taken in 2013 and as you can see kenyans FDI in 2013 was only $372Million ... For 2015 where we got $1.4Billion FDI this was as a result of the $700Million investment in the Turkana wind firm



You make i sound as if rebasing an economy is some form of action done behind closed doors under secrecy and it only happens in Kenya..
Yes in 2013 Kenyas GDP changed after rebasing, Our 2013 economy changed from $42.6Billion to $53.4Billion thats an increase of 25.3%..


You forget that Uganda did the same in the same year in order to update her economy calclations
Uganda's GDP expands by 13 pct after rebasing

And you also forget in the same year Tanzania also followed suit and rebased her economy
Tanzania’s GDP expands by 32 pct after rebasing - officials
Tanzania’s GDP expands by 32% after rebasing - officials - CNBC Africa

After rebasing, Tanzania GDP incrased by 32%!!!!!!!! So between Kenya's 25% change and Tanzania's 32%, whose economy was more cosmeticly recalculated???



And stop bragging about FDI, yes we borrow to build roads and bridges, that means we can afford to pay back the loan and eventually own the project , while FDI means whatever the investor built using his FDI money, he will own it forever and all the profits will go back to the host country and all Tz will get is Tax money and jobs but NEVER ownership, all the gas pipes, LPG plants....even in 2050, they will still be foreign owned... if tomorrow the investor decides to take back his investment, you will be left with a big ZERO!

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joto la jiwe said:

Haya ndiyo aina ya maswali tunayopaswa kujiuliza ili kuweza kunoa vichwa, ninaomba tuweke uzalendo pembeni ili tuingie darasani kidogo tujadili hesabu za kiuchumi.
1) Tukubaliane na hizi takwimu ulizozileta na tuanze kuzifanyia kazi, mwaka 2010 GDP ya Kenya $40B, uchumi unakua kwa wastan wa 5.5%, na GDP ya Tanzani ilikua $31B, uchumi unakua kwa wastani wa 7%. katika mwendokasi huo utasemaje gap inaongezeka badala ya kupungua au angalau kubaki lile lile?.

Kama kweli gap linaongezeka, basi yafuatayo ni mambo ambayo yanaweza kuchangia
1)GDP ya Kenya ilikuwa kubwa kuliko hiyo uliyotaja ya $40B, au
2)GDP ya Tanzania ilikuwa Ndogo kuliko hiyo iliyotajwa ya 31B au
3)uchumi wa Kenya umekua kwa kasi zaidi ya ile ya Tanzania
4)GDP ya Kenya ya sasa hivi sio sahihi, ni ndogo kuliko inavyotangazwa
5)GDP ya Tanzania ni kubwa kuliko inavyotangazwa.

Sasa tuje katika kutumia akili tu za kawaida ambazo mtu huitaji kwenda darasani, ukiangalia njia kuu zinazoziingizia mapato hizi nchi mbili, kama vile FDI, utalii, Kilimo, Manufacturing, construction, Financial services na Transportation, bado Tanzania inafanya vizuri zaidi ya Kenya katika maeneo mengi, isipokua manufacturing and financial services tu, zaidi ya maeneo hayo, Tanzania inapata mapato ya ziada kwenye madini na gas ambazo Kenya hakuna. Sasa unaposema gap la Kenya na Tanzania linaongezeka badala ya kupungua, ni kwa uchawi gani unafanyika mpaka gap liongezeke?, ndiyo pale baadhi ya watu wanakuwa na wasiwasi na uhalisia wa ukweli wa GDP ya Kenya.

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joto la jiwe said:

Tony254, Kenya ilipofanya rebasing, uchumi ulipanda kwa 25%, mwaka mmoja baadae Tanzania ikafanya rebasing uchumi ukapanda kwa 35%, bado kwa kukua kwa uchumi katika maeneo mengi, Tanzania inaizidi Kenya, mimi ningependa kujua, mnapata wapi nguvu na ushaidi wa kusema gap kati ya Tanzania na Kenya linaongezeka?, kiukweli, mgelikua mnafikiria na kufuatilia kwa undani zaidi mambo ya uchumi ya Tanzania na Kenya, mgeshangaa kwanini hadi sasa Tanzania haijaipita Kenya kwa GDP, kwa sababu tributaries zote zinazojaza GDP, Tanzania inaizidi Kenya, tena zaidi ya mara mbili, kuanzia utalii, kilimo, FDI, transportation, Natural resources, and the list goes on......

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Mwanzi1 said:

So, what does this mean...
Kenya to Float Green Bonds in Order to Boost FDI－Home－ICBC China

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joto la jiwe said:

Mbona unatoka kwenye hard discussion unarudi kwenye soft discussion?, hayo unayosema ni kwa maoni yako unavyofikiria, kila mtu anaweza kufikiria anavyoona, mimi ninataka tulitafute hilo gap unalosema ni kubwa na linaongezeka, lipo wapo?, Mimi nimekuleta kutoka 2010 mpaka tumefika 2016 nikatoa GDP za nchi zote mbili, kabla na baada ya rebasing, kabla ya rebasing gap ni $9.18B, baada ya rebasing limeshuka hadi $8B.
1)Unaposema gap ni kubwa unazungumzia gap lipi?
2)Hiyo GDP ya above $70B imepatikanaje, mbona ni kama iliyopikwa?

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Tony254 said:

Hebu soma hii article ya Leo ya Business Daily. Hii ni gazeti ya biashara inayoheshimiwa sana hapa Kenya. Inasupport kila kitu niliyokuwa nakuambia

Tanzania is rapidly closing its economic gap with Kenya
SATURDAY, SEPTEMBER 23, 2017 11:01
BY NEVILLE OTUKI
Kenya’s status as East Africa’s economic powerhouse is at stake as Tanzania races closely behind, with a higher growth rate that is increasingly narrowing the gap between the two economies.
Tanzania has added impetus to its economic firepower, growing by an impressive seven per cent over the past five years compared to Kenya’s growth of just above five per cent.
The latest International Monetary Fund (IMF) data shows that Tanzania’s economy expanded seven times in the past 20 years while Kenya’s output grew five times since 1997 with the trend expected in coming years, weakening Nairobi’s future dominance.
The same data shows that there were times in the past when Kenya’s economy would be as many as four times as large as that of Uganda.
However, such a big gap has not been reached in many years and is has remained mostly below three times.
READ: INDEPTH: Mobile cash lifts 200,000 homes out of poverty
Rapid growth
In Tanzania, it is sustained rapid growth that has helped the country reduce the gap in the size of its economy compared to her neighbour.
It’s such growth that saw neighbouring Ethiopia overtake Kenya’s economy for the first time in 2015, a situation that experts say might happen again with Tanzania if nothing changes.
Kenya’s economy size was more than double that of Tanzania 20 years ago but the gap has now narrowed to less than half.
The IMF data shows that Kenya’s annual economic output, also known as gross domestic product (GDP), stood at $13.7 billion (Sh1.4 trillion) in 1997 while that of her neighbour was $6.4 billion (Sh659 billion).
This meant Kenya had an economy 114 per cent larger than Dar es Salaam, or more than double, back then.
But last year, Kenya’s economy was only 46 per cent larger than Dar, meaning Tanzania has fast been bridging the gap over the period.
The IMF data shows that Kenya’s GDP has grown five times in the past twenty years to Sh7 trillion ($68.9 billion) last year and is expected to touch $75 billion this year.
Comparatively, Tanzania’s economy has in the period expanded seven times to a GDP size of $47.1 billion, or Sh4.8 trillion last year.
It’s this break-neck growth speed that has sparked debate on whether Tanzania, with a bigger population and land mass compared to Kenya, could occupy the region’s top economic position it once held.
Kenya has been the top dog in East Africa since 1987, ahead of its neighbours Tanzania, Uganda and Rwanda in that order, attracting dozens of multinationals and global deals.
READ: Kenya may be growing but 'You can't eat GDP'
Swapped positions
Before 1987, Tanzania and Kenya swapped the pole position with Tanzania having been the biggest economy from 1982 to 1984, the IMF data shows.
A year later, Nairobi raced past it but Dar es Salaam went ahead and reclaimed the slot in 1986 only for Kenya to dislodge it permanently from 1987 to date.
Experts said that Tanzania’s newly found bullish stance on business and development, as it moves deeper into a market economy away from socialism that is entrenched in the country’s historic culture, has helped spark the growth.
Economist David Ndii has posited that Tanzania could overtake Kenya by 2021 if it continues at the pace of GDP growth it held in early 2016 when he wrote.
“Tanzania is on course to overtake Kenya’s economy in size — in five years at most — and if the current growth differential is maintained, Tanzania’s economy will be at 20 per cent larger than ours in a decade,” he wrote early last year.
Projection
However, IMF forecast data shows that by 2022, Kenya’s economy will be stand at $113 billion against Tanzania’s $78 billion, hinting that catching up with Kenya will take a longer time, if at all it will.
X N Iraki, an economics lecturer at the University of Nairobi, said that Dar is, however, very unlikely to leap past Nairobi in the foreseeable future based on the private sectors of the two economies.
Compared to Tanzania, Kenya’s private sector is far much more vibrant and has remained the country’s key engine of growth, said Dr Iraki, citing hundreds of Kenyan businesses with operations in Dar.
Whereas in both countries, growth has partly been fuelled by government-funded infrastructure projects, the private sector in Nairobi continue to do the heavy lifting.
But Kenya’s prolonged election period, drought and shelving of plans for early oil exports have dampened prospects, with the economy expected to record the slowest growth in five years.
East Africa’s economic powerhouse has always suffered dips in growth every five years when the country holds its General Election.
On the other hand, Dar has over the years enjoyed relatively smooth political transitions, handing it consistent growth.
Tanzania has also emerged as a key producer of gold and diamond and recently struck huge deposits of natural gas and helium, piling on its economic muscle.
The second largest economy in East Africa has been expanding its sea port, enabling it to import some of the goods it previously had to source from Kenya.
It’s also gearing up to construct a multi-billion dollar standard gauge railway line and a crude oil pipeline in partnership with oil-rich Uganda.
Dar, under President John Magufuli, snatched the pipeline deal from Kenya following earlier agreements between Nairobi and Kampala.
Transport system
Tanzania’s capital city last year launched the region’s first bus rapid transit (BRT) system, which has eased public transport.
Phase one of the 21-kilometre Dar rapid transit system, which has five terminals, 27 stations, seven feeder stations and three connector stations, opened last year and has 140 buses that serve thousands daily.
A World Bank cities report released in February ranked Dar es Salaam’s real estate ahead of Nairobi
The report put the economic value of Dar’s real estate at Sh1.2 trillion ($12 billion) ahead of Nairobi’s Sh927 billion ($9 billion) – a Sh273 billion gap.
Also trailing Kenya’s economy by far is Uganda, Rwanda and Burundi, the other full members of the East African Community (EAC).
The IMF data shows that Uganda had an output of Sh$26.1 billion last year, a third of Kenya’s economy.
Kenya’s economy is eight times larger than Rwanda’s $8.4 billion (Sh865 billion). For strive-torn Burundi, the gap with Kenya is so huge that the small country would fit into the latter’s economy over 2,000 times.
READ: Ethiopia opens Sh371bn gap on Kenya’s economy
On the trading front, Tanzania has recently been cutting Kenyan orders. The two countries have recently been locked in a trade spat that saw the duo exchange import bans on several commodities such as cooking gas, wheat and milk products.
Export drivers
Official data shows that Uganda and Tanzania this year ceased to be Kenya’s export drivers after relinquishing the position to Pakistan and the United States that have upped their appetite for Kenyan goods.
Pakistan has this year overtaken Uganda as the largest buyer of Kenyan goods, while the United States is fast bridging the gap between it and Kampala on Kenya’s export market table.
Exports to Pakistan jumped 90.8 per cent to Sh24.8 billion in the year to May from Sh13 billion in a similar period last year, marking the fastest growth.
Shipments to the US grew 20 per cent to Sh18.5 billion in the period, the Kenya National Bureau of Statistics data shows.
On the flipside, exports to Uganda remained unchanged at Sh21.9 billion in the year to May while Tanzania cut back its purchases from Kenya 34 per cent to Sh8.2 billion.
Uganda has in the past years been the driver of Kenya’s exports while Tanzania was once the second largest buyer of goods from Nairobi, before narrowing its orders.
Uganda has in the past 10 years been the largest buyer of Kenyan supplies, making it a key economic partner for Nairobi.
But the clout is now waning with the slide on Kenya’s export destination table. browsers:
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Gap between Kenya and Tanzania's economy %
Measured as the difference between the GDP of Kenya and Tanzania as a percentage of the latter's, it shows there was a time when
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Measured as the difference between the GDP of Kenya and that of Uganda as a percentage of the latter's for each year, it shows that there
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Kafrican said:

green bond investment vs commercial loan ... Kenya has only taken one sovereign bond in history......... The others are loans, which are never included in FDI... hata wewe nawe, where is your common sense, if loans were included in FDI do you think kenyas FDI would be that low??

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Mwanzi1 said:

Depending on the nature of the loan, kama ni emergency loan that will not be included because it might be a short-term loan. Lakini kama in loan to expand the economy and it's external sourced, then that my friend is FDI. At some point that investment will reflect on GDP. You keep forgetting that bonds sio zawadi, the country will have to pay it back on agreed time frame. In another word its a loan.

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joto la jiwe said:

Haya ndiyo aina ya maswali tunayopaswa kujiuliza ili kuweza kunoa vichwa, ninaomba tuweke uzalendo pembeni ili tuingie darasani kidogo tujadili hesabu za kiuchumi.
1) Tukubaliane na hizi takwimu ulizozileta na tuanze kuzifanyia kazi, mwaka 2010 GDP ya Kenya $40B, uchumi unakua kwa wastan wa 5.5%, na GDP ya Tanzani ilikua $31B, uchumi unakua kwa wastani wa 7%. katika mwendokasi huo utasemaje gap inaongezeka badala ya kupungua au angalau kubaki lile lile?.

Kama kweli gap linaongezeka, basi yafuatayo ni mambo ambayo yanaweza kuchangia
1)GDP ya Kenya ilikuwa kubwa kuliko hiyo uliyotaja ya $40B, au
2)GDP ya Tanzania ilikuwa Ndogo kuliko hiyo iliyotajwa ya 31B au
3)uchumi wa Kenya umekua kwa kasi zaidi ya ile ya Tanzania
4)GDP ya Kenya ya sasa hivi sio sahihi, ni ndogo kuliko inavyotangazwa
5)GDP ya Tanzania ni kubwa kuliko inavyotangazwa.

Sasa tuje katika kutumia akili tu za kawaida ambazo mtu huitaji kwenda darasani, ukiangalia njia kuu zinazoziingizia mapato hizi nchi mbili, kama vile FDI, utalii, Kilimo, Manufacturing, construction, Financial services na Transportation, bado Tanzania inafanya vizuri zaidi ya Kenya katika maeneo mengi, isipokua manufacturing and financial services tu, zaidi ya maeneo hayo, Tanzania inapata mapato ya ziada kwenye madini na gas ambazo Kenya hakuna. Sasa unaposema gap la Kenya na Tanzania linaongezeka badala ya kupungua, ni kwa uchawi gani unafanyika mpaka gap liongezeke?, ndiyo pale baadhi ya watu wanakuwa na wasiwasi na uhalisia wa ukweli wa GDP ya Kenya.

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Kafrican said:

Yes when government utilises the bond then then the money is reflected on GDP........
but I was taking about commercial loans like SGR, road projects funded by world bank those things are not included in FDI cause if they were then Kenya would be leading in FDI , e.g The SGR $3.8Billion full amount was given to Kenya, project like this funded on WB loans are never included A US$ 743m water collector tunnel to see Murang’a supply water to Nairobi County

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Tony254 said:

Hebu soma hii article ya Leo ya Business Daily. Hii ni gazeti ya biashara inayoheshimiwa sana hapa Kenya. Inasupport kila kitu niliyokuwa nakuambia

Tanzania is rapidly closing its economic gap with Kenya
SATURDAY, SEPTEMBER 23, 2017 11:01
BY NEVILLE OTUKI
Kenya’s status as East Africa’s economic powerhouse is at stake as Tanzania races closely behind, with a higher growth rate that is increasingly narrowing the gap between the two economies.
Tanzania has added impetus to its economic firepower, growing by an impressive seven per cent over the past five years compared to Kenya’s growth of just above five per cent.
The latest International Monetary Fund (IMF) data shows that Tanzania’s economy expanded seven times in the past 20 years while Kenya’s output grew five times since 1997 with the trend expected in coming years, weakening Nairobi’s future dominance.
The same data shows that there were times in the past when Kenya’s economy would be as many as four times as large as that of Uganda.
However, such a big gap has not been reached in many years and is has remained mostly below three times.
READ: INDEPTH: Mobile cash lifts 200,000 homes out of poverty
Rapid growth
In Tanzania, it is sustained rapid growth that has helped the country reduce the gap in the size of its economy compared to her neighbour.
It’s such growth that saw neighbouring Ethiopia overtake Kenya’s economy for the first time in 2015, a situation that experts say might happen again with Tanzania if nothing changes.
Kenya’s economy size was more than double that of Tanzania 20 years ago but the gap has now narrowed to less than half.
The IMF data shows that Kenya’s annual economic output, also known as gross domestic product (GDP), stood at $13.7 billion (Sh1.4 trillion) in 1997 while that of her neighbour was $6.4 billion (Sh659 billion).
This meant Kenya had an economy 114 per cent larger than Dar es Salaam, or more than double, back then.
But last year, Kenya’s economy was only 46 per cent larger than Dar, meaning Tanzania has fast been bridging the gap over the period.
The IMF data shows that Kenya’s GDP has grown five times in the past twenty years to Sh7 trillion ($68.9 billion) last year and is expected to touch $75 billion this year.
Comparatively, Tanzania’s economy has in the period expanded seven times to a GDP size of $47.1 billion, or Sh4.8 trillion last year.
It’s this break-neck growth speed that has sparked debate on whether Tanzania, with a bigger population and land mass compared to Kenya, could occupy the region’s top economic position it once held.
Kenya has been the top dog in East Africa since 1987, ahead of its neighbours Tanzania, Uganda and Rwanda in that order, attracting dozens of multinationals and global deals.
READ: Kenya may be growing but 'You can't eat GDP'
Swapped positions
Before 1987, Tanzania and Kenya swapped the pole position with Tanzania having been the biggest economy from 1982 to 1984, the IMF data shows.
A year later, Nairobi raced past it but Dar es Salaam went ahead and reclaimed the slot in 1986 only for Kenya to dislodge it permanently from 1987 to date.
Experts said that Tanzania’s newly found bullish stance on business and development, as it moves deeper into a market economy away from socialism that is entrenched in the country’s historic culture, has helped spark the growth.
Economist David Ndii has posited that Tanzania could overtake Kenya by 2021 if it continues at the pace of GDP growth it held in early 2016 when he wrote.
“Tanzania is on course to overtake Kenya’s economy in size — in five years at most — and if the current growth differential is maintained, Tanzania’s economy will be at 20 per cent larger than ours in a decade,” he wrote early last year.
Projection
However, IMF forecast data shows that by 2022, Kenya’s economy will be stand at $113 billion against Tanzania’s $78 billion, hinting that catching up with Kenya will take a longer time, if at all it will.
X N Iraki, an economics lecturer at the University of Nairobi, said that Dar is, however, very unlikely to leap past Nairobi in the foreseeable future based on the private sectors of the two economies.
Compared to Tanzania, Kenya’s private sector is far much more vibrant and has remained the country’s key engine of growth, said Dr Iraki, citing hundreds of Kenyan businesses with operations in Dar.
Whereas in both countries, growth has partly been fuelled by government-funded infrastructure projects, the private sector in Nairobi continue to do the heavy lifting.
But Kenya’s prolonged election period, drought and shelving of plans for early oil exports have dampened prospects, with the economy expected to record the slowest growth in five years.
East Africa’s economic powerhouse has always suffered dips in growth every five years when the country holds its General Election.
On the other hand, Dar has over the years enjoyed relatively smooth political transitions, handing it consistent growth.
Tanzania has also emerged as a key producer of gold and diamond and recently struck huge deposits of natural gas and helium, piling on its economic muscle.
The second largest economy in East Africa has been expanding its sea port, enabling it to import some of the goods it previously had to source from Kenya.
It’s also gearing up to construct a multi-billion dollar standard gauge railway line and a crude oil pipeline in partnership with oil-rich Uganda.
Dar, under President John Magufuli, snatched the pipeline deal from Kenya following earlier agreements between Nairobi and Kampala.
Transport system
Tanzania’s capital city last year launched the region’s first bus rapid transit (BRT) system, which has eased public transport.
Phase one of the 21-kilometre Dar rapid transit system, which has five terminals, 27 stations, seven feeder stations and three connector stations, opened last year and has 140 buses that serve thousands daily.
A World Bank cities report released in February ranked Dar es Salaam’s real estate ahead of Nairobi
The report put the economic value of Dar’s real estate at Sh1.2 trillion ($12 billion) ahead of Nairobi’s Sh927 billion ($9 billion) – a Sh273 billion gap.
Also trailing Kenya’s economy by far is Uganda, Rwanda and Burundi, the other full members of the East African Community (EAC).
The IMF data shows that Uganda had an output of Sh$26.1 billion last year, a third of Kenya’s economy.
Kenya’s economy is eight times larger than Rwanda’s $8.4 billion (Sh865 billion). For strive-torn Burundi, the gap with Kenya is so huge that the small country would fit into the latter’s economy over 2,000 times.
READ: Ethiopia opens Sh371bn gap on Kenya’s economy
On the trading front, Tanzania has recently been cutting Kenyan orders. The two countries have recently been locked in a trade spat that saw the duo exchange import bans on several commodities such as cooking gas, wheat and milk products.
Export drivers
Official data shows that Uganda and Tanzania this year ceased to be Kenya’s export drivers after relinquishing the position to Pakistan and the United States that have upped their appetite for Kenyan goods.
Pakistan has this year overtaken Uganda as the largest buyer of Kenyan goods, while the United States is fast bridging the gap between it and Kampala on Kenya’s export market table.
Exports to Pakistan jumped 90.8 per cent to Sh24.8 billion in the year to May from Sh13 billion in a similar period last year, marking the fastest growth.
Shipments to the US grew 20 per cent to Sh18.5 billion in the period, the Kenya National Bureau of Statistics data shows.
On the flipside, exports to Uganda remained unchanged at Sh21.9 billion in the year to May while Tanzania cut back its purchases from Kenya 34 per cent to Sh8.2 billion.
Uganda has in the past years been the driver of Kenya’s exports while Tanzania was once the second largest buyer of goods from Nairobi, before narrowing its orders.
Uganda has in the past 10 years been the largest buyer of Kenyan supplies, making it a key economic partner for Nairobi.
But the clout is now waning with the slide on Kenya’s export destination table. browsers:
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Chrome
Internet Explorer 11+
Safari
Tanzania is rapidly closing its economic gap with Kenya
BY NEVILLE OTUKI
10 HOURS AGO
Nakumatt’s ‘elephant’ moved from TRM store
BY STELLAR MURUMBA
11 HOURS AGO
Chamber of commerce picks new CEO
BY BONFACE OTIENO
14 HOURS AGO
How to look like your fitness coach
BY FAITH NYAMAI
1 DAY AGO
ARM 12.40 ▼0.30(2.36%) BAMB
IN THE HEADLINES
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Gap between Kenya and Tanzania's economy %
Measured as the difference between the GDP of Kenya and Tanzania as a percentage of the latter's, it shows there was a time when
Gap between Kenyan and Ugandan economies %
Measured as the difference between the GDP of Kenya and that of Uganda as a percentage of the latter's for each year, it shows that there
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You

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joto la jiwe said:

Haya ndiyo aina ya maswali tunayopaswa kujiuliza ili kuweza kunoa vichwa, ninaomba tuweke uzalendo pembeni ili tuingie darasani kidogo tujadili hesabu za kiuchumi.
1) Tukubaliane na hizi takwimu ulizozileta na tuanze kuzifanyia kazi, mwaka 2010 GDP ya Kenya $40B, uchumi unakua kwa wastan wa 5.5%, na GDP ya Tanzani ilikua $31B, uchumi unakua kwa wastani wa 7%. katika mwendokasi huo utasemaje gap inaongezeka badala ya kupungua au angalau kubaki lile lile?.

Kama kweli gap linaongezeka, basi yafuatayo ni mambo ambayo yanaweza kuchangia
1)GDP ya Kenya ilikuwa kubwa kuliko hiyo uliyotaja ya $40B, au
2)GDP ya Tanzania ilikuwa Ndogo kuliko hiyo iliyotajwa ya 31B au
3)uchumi wa Kenya umekua kwa kasi zaidi ya ile ya Tanzania
4)GDP ya Kenya ya sasa hivi sio sahihi, ni ndogo kuliko inavyotangazwa
5)GDP ya Tanzania ni kubwa kuliko inavyotangazwa.

Sasa tuje katika kutumia akili tu za kawaida ambazo mtu huitaji kwenda darasani, ukiangalia njia kuu zinazoziingizia mapato hizi nchi mbili, kama vile FDI, utalii, Kilimo, Manufacturing, construction, Financial services na Transportation, bado Tanzania inafanya vizuri zaidi ya Kenya katika maeneo mengi, isipokua manufacturing and financial services tu, zaidi ya maeneo hayo, Tanzania inapata mapato ya ziada kwenye madini na gas ambazo Kenya hakuna. Sasa unaposema gap la Kenya na Tanzania linaongezeka badala ya kupungua, ni kwa uchawi gani unafanyika mpaka gap liongezeke?, ndiyo pale baadhi ya watu wanakuwa na wasiwasi na uhalisia wa ukweli wa GDP ya Kenya.

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Mwanzi1 said:

So what your saying is $200 billions Chinese have invested in Africa, Kenyan and Ethiopian SGR won't reflect on that, is that it?

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Kafrican said:

Yes when government utilises the bond then then the money is reflected on GDP........
but I was taking about commercial loans like SGR, road projects funded by world bank those things are not included in FDI cause if they were then Kenya would be leading in FDI , e.g The SGR $3.8Billion full amount was given to Kenya, project like this funded on WB loans are never included A US$ 743m water collector tunnel to see Murang’a supply water to Nairobi County

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Kafrican said:

on FDI??

Let me put it in another way... Public debt doubles to Sh3.77tn in five years

Kenya's government debt June 2013 was Sh1.89 trillion (using this year exchange rate, thats approx $18Billion).. By June 2017, the debt climed to Sh3.77 trillion .......... 3.77 - 1.89=1.88

So in five years we have accumulated a new debt of $18B if we were to use this data.........
But from the FDI data on Kenya, it shows that between 2013 and 2016 we recieved less than $3Billion when all the FDI is combined..... when the debt we accumulated is over that same period is $18Billion.


Not unless you want to tell me that Kenya is deliberately under declaring its FDI investments, I don't think leans are added into FDI

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kilama said:

Hahahaha umemjibu vizuri, nini maana ya kuwa na bajeti kubwa then watu wanakufa kwa njaa!!

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Geza Ulole said:

Ndo maana huwa ninawaambia kila siku data zao ni za kupikwa na Jubilee! Kaka umefanya kosa kutoni-tag kwenye hii argument. Maana mimi ni strong believer wa unachosema. Kingine ukiacha financial n mobile sectors ambazo kwa Tanzania pia zinakua with mobile sector even performing better than in Kenya, airline industry yao inagonga loss kila siku na inamaanisha ina-shrink.

Kwenye construction sector Tanzania is the largest cement n now steel producer in the region n what's funny not accounted in their biased calculation. N as far as infrastructure projects just like their Mombasa-Nairobi project there is a significant progress towards our SGR with Dar-Morogoro section U/C! While tender for Dar-Chalinze 100km super highway is open. Meanwhile 2 fly over projects in Dar U/C aside muc massive airports construction around the country n several roads n power projects across the country. Mind u construction boom in Dodoma not factored.

In Tourism sector though Nairobi has had several hotels (at least 6) U/C Dar is also having hotels U/C though not much publicized. While Arusha n Mwanza are also having some meanwhile Zanzibar is making a kill in that sector. To me Kenya beats us only in their media exaggeration. A thing I don't feel offended as far as i know what really happens in the ground.

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