Kenya Uchumi Unapumulia Mashine

Kenya Uchumi Unapumulia Mashine

Bottas said:
Credible source sio mwanaume mzima ananiokotea magazeti kisa hapa as of 2017 tanzania imports zilikuwa $9.8bn na exports zilikuwa $6bn simple Google Search inaoyesha ivo *****. ..
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You Lost, stop bitching and leave JF..So the Eastafrican is Fake news? the same paper you post stuff from? Drop your hypocricy 😀
 
Mwanzi1 said:
Haha, what silly thing to say eti tuna middle class wengi. What is that they need the most mpaka wana bankrupt the whole country. Usisahau multinationals they import service abroad with false invoice and Kenya pays 10x more the actual price. One way of repatriating their profits back home.
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Ukiangalia hi data ya 2016 baadhi ya mataifa ya africa yalio endelea utasoma kitu
Morocco imports 2016(41.5bn exports 22.6bn)
Egypt imports 2016(57.7bn exports 22.4bn)
Southafrica 2016(73.7bn exports 69.1bn this is the most advanced country in africa)
Kenya 2016 imports(32bn na exports 9.2bn) the richer the country is the more its imports, nyie hangaikeni kutoka ldc kwanza ndio mje league kubwa
 
Mkikuyu- Akili timamu said:
Then you are Just a bitch, Real men honour their bets, we shall keep remembering that you are a shemale 😀
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Sasa mnaniletea data half baked ati mna surplus alafu una ngoja nitoke jamii forum ,convince me beyond reasonable doubt and i will honour my word's...
 
Bottas said:
Ukiangalia hi data ya 2016 baadhi ya mataifa ya africa yalio endelea utasoma kitu
Morocco imports 2016(41.5bn exports 22.6bn)
Egypt imports 2016(57.7bn exports 22.4bn)
Southafrica 2016(73.7bn exports 69.1bn this is the most advanced country in africa)
Kenya 2016 imports(32bn na exports 9.2bn) the richer the country is the more its imports, nyie hangaikeni kutoka ldc kwanza ndio mje league kubwa
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Morocco Egypt South Africa they have EU and America on their finger tips, wala usijilinganishe na hao. Every 10 Renault sold in the world 1comes from Morocco, same as number on Mercedes and BMW's from South Africa. Egyptian is gas economy the property of those countries they can travel to any EU and America live and work pretty much unrestricted. They can borrow are very low rate compare to Kenya. Usipoteze musa wako kujilinganisha na nchi hizo, just browse their GDP and see how they can afford to import more.
 
Bottas said:
Sasa mnaniletea data half baked ati mna surplus alafu una ngoja nitoke jamii forum ,convince me beyond reasonable doubt and i will honour my word's...
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What is half baked? You cannot understand a simple statement that balance of payments is $600mln? Stop behaving like a sour loser that you are..You have no idea of what is BOP???
And for your LDC cheap shot, Picture this:
Angola is LDC and has a BOP suplus of $4bn
see your ignorance?
 
Self critique and reflection is the greatest arsenal to confront the present and marching into the future with a clear cut set of remedies! That's what this writer and as a patriot is passing out to the Kenyan authorities and policy makers. So nothing of alarm here.
 
Mwanzi1 said:
Kenya ina import more than it export, trade deficit pejeyake ni $6 billon. Tanzanian tourism pekeyale inaleta $2billion . Trade deficit in Tanzania iko kwenye surplus of $600million.

The question hapa is Kenya is going down almost in every sector. Manufacturing alone is down by 10% below GDP.
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Please leta data. Kama Tanzania ina trade surplus sijui nitafanya nini.
 
Mwanzi1 said:
Hits and misses in the Economic survey 2018

By Otieno Odhiambo | Published Tue, May 1st 2018 at 10:10, Updated May 1st 2018 at 10:18 GMT +3 SHARE THIS ARTICLE Share on Facebook Share on Twitter The recent Economic

Survey 2018 by Kenya National Bureau of Statistics shows an economy that is struggling. We are weak in our agricultural sector and in manufacturing. We are importing more than we are exporting. The worry is that we are buying clothes from Asia and a lot of undocumented imports of clothing could be coming in through Uganda.

Last year, we imported more than we exported, leading to a trade deficit. We are weak on interest rate management largely due to the capping of interest rates. A decline in an interest rate on deposits within the financial sector can dent savings and capital formation.

We did not manage inflation well as it climbed from 6.3 per cent in 2016 to eight in 2017. The global increase was from 2.8 per cent in 2016 to 3.1 per cent in 2017. Inflation destroys wealth and compromises citizens’ purchasing power and quality of life. There was a decline in overall economic performance.

The economy expanded by about 4.9 per cent last year compared to 5.9 per cent in the previous year - a decline of about one per cent. Though these rates are historical, they act as accountability indicators. It would be better if Chief Secretaries of agriculture and manufacturing make public what they intend to do so that we can evaluate them.

The two sectors are key and are like twins. The shilling also lost to major currencies - the euro and US dollar. This means we paid more for imports. The demand for foreign currencies tends to be higher in an election year. The real worry is the lack of growth extended to financial services.

The way new jobs created are reported in the survey also appears less informative. The report does not include the number of those unemployed. The survey says the number of new jobs created in the formal sector was 897,800, which is 110,000 more than in 2016. In terms of self-employment, we did not do well as the number of self-employed marginally increased from 132,000 persons in 2016 to 139,400 in 2017. Given the high dependency ratio, employment income impact directly on the quality of our lives. It is surprising why the survey is shy reporting the level of unemployment.

The key worry from the survey is the increasing government expenditure yet private investment is declining. The government’s huge expenditure adversely pushes out the private sectors from financial markets by making credit more expensive, yet private sector can create more jobs than the government.

Investing in government bonds is risk-free thus when the government offers attractive interest rate, then investors would rather invest in “National government Budget for 2017/18 is expected to increase by 21.7 per cent to Sh2,78 trillion from Sh2.28 trillion in 2016/2017” an increase of nearly Sh500 billion.

More disturbing is that only 24.14 per cent of the national government outlay is budgeted for development expenditure. Growth-sensitive economies spend more on development expenditure than on recurrent expenditure. What is worth noting is that public debt as at the end of June 2017 rose to Sh3.971 trillion and that 57.8 per cent of this debt is external. We will spend Sh623.1 billion on servicing public debt in 2017/18.

However, the amount budgeted for development expenditure is Sh670.6 billion while the amount needed to service public debt in Sh623.1 billion, in essence, debt has become a project. We will need lots of local currency and foreign currency to service these loans. Our imports grew by 20.5 per cent to Sh1.72 trillion, with those from Asia accounting for 64.2 per cent of total imports. We are trading at a disadvantage – “the ratio of exports to imports deteriorated from 40.4 per cent in 2016 to 34.4 per cent in 2017.”

There was a significant decline in maize production by 2.4 million bags and sugar cane by 2.4 million tonnes. This should worry any government. Wheat production declined by 49.5 (23.1 per cent). Even the quantity of milk marketed declined. There is not much to report about the manufacturing and energy sectors, with major blackouts in most parts of the country, coupled with questionable bills to customers. The way forward? We must identify and tackle the obstacles to economic growth such as foreign domination, misuse of resource, lack of capacity to save and demonstration effect. The governments both at the national and county levels should nurture a competitive environment that encourages capital formation. -

The writer teaches at the University of Nairobi

Hits and misses in the Economic survey 2018
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huu upuuzi mtawacha lini??
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Kenya's economy strong, no more Dutch aid
 
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