Kenya shilling hits strongest level in nearly two years

[chuma cha mjerumani]

Leo Uhuru alikuwa anawashawishi investors U.K sisi tuko bize kutafuta 1.5 tril iliyopotea kwa mazingira yakutatanisha.

Hongereni Kenya sisi wajasiria Mali mnatuvutia sana kuja kuwekeza huko.

 

[NairobiWalker]

Mipovu inawatoka tu, nendeni kaangalie balance of payment ya TZ kuanzia 2015 mtaelewa vizuri. Vitu haviwezi kubadilika ghafla tatizo lenu liko hapo, ndiyo maana kila siku mna taka muone SGR ya TZ. Mfano Kenyan exports to Tz ziko at all time low unazani hiyo ni bahati mbaya! ni kweli tulikua na bado tupo kwenye hali mbaya ila jitihada za makusudi zinafanyika. Mfano mpaka 2020 mpango ni Tz kuzalisha sukuri nyingi kuliko mahitaji yake na sasa hivi viwanda vinajengwa there fore hakutakua na importation of sugar tuta anza ku export sugar. 96% ya dawa tuna agiza ila mpango by 2025 tuwe tuna agiza only 50%. Mifano ni mingi kila sector importation zinaenda zikipungua.. Sector ya ujenzi(nondo, gypsum, tiles, cement hii tumesha malizana nayo) kilimo (mbolea, matrekta) e.t.c. and ofcourse our low currency will come handy, infact its handy already go to the nearest store ask for azam energy drink you will comprehend what i have been trying to say all along.

Your stupid post is full of mipango mipango mipango. Give us the real facts or get a pillow.

 

[COLLOH-MZII RELOADED]

Making sure that Currency is weak is a policy intervention for a government agressively pursuing import substitution through industrialisation. Its an incentive to local industries to manufacture goods previously imported. JPM is agressively pursuing import substitution

Yani wewe ni mjinga kiasi hiki

 

[Mkikuyu- Akili timamu]

Yani wewe ni mjinga kiasi hiki

Yaah, si unierevushe.

 

[Kafrican]

Making sure that Currency is weak is a policy intervention for a government agressively pursuing import substitution through industrialisation. Its an incentive to local industries to manufacture goods previously imported. JPM is agressively pursuing import substitution

Thats bulcrap, goods produced locally are sold using local currency so thats internal. So if you were industrialising to produced goods for the local market then you dont need to lower your currency against the dollar. There are other incentives for that like reducing charges and taxes for local industries... Lowering currency only affects you when you exportor import , thats why we call it "foreign exchange! ". And right now Tz imports more than it exports, at what cost does every importer have to pay

 

[Mkikuyu- Akili timamu]

Thats bulcrap, goods produced locally are sold using local currency so thats internal. So if you were industrialising to produced goods for the local market then you dont need to lower your currency against the dollar. There are other incentives for that like reducing charges and taxes for local industries... Lowering currency only affects you when you exportor import , thats why we call it "foreign exchange! ". And right now Tz imports more than it exports, at what cost does every importer have to pay

I will give you 1 example
Tanzania saves trillions after moving to natural gas
This is import substitution for Dollar imported Crude oil. JPM has been so agressive that many industrial plants e.g Azam & Dangote are switching from petroleum to gas. A high exchange rate provides motivation for industries to "substitute" what they have been importing with local alternatives and save their valuable dollars for other equipment/materials not locally available

 

[Sapanda Ileje]

You clearly did not understand what thisdayes said. A weak Currency Favours exports, a Strong currency Favours imports. Tz is Fast moving towards import substitution and focus is on exports.
You need some schooling

Sure i think they missed a point, developing countries like ours in EAST have to appreciate their currency only strategically, as doing so can cut down trading routes with other markets due expensive exports.

Other wise, the best option is to use a regulated devaluation that caters the need of the economy.