The F-5 and UH-1 Huey helicopter over Mombasa!

rvp20182:
Check the source of your data again. There are no forex controls in kenya. Kenya is not a dollarized economy.

There are no unregulated forex - and regulation is minimal - Capital requirement of 20M kshs, to have Know Your Customer(demand Identification) and for them to just report their deals of more than 10K usd to CBK - and nothing more than that.

Most people buy forex from their banks. There is no need to ever find yourself in Central Bank - and nobody has even run out of forex to import anything they want.

And there is no drama when it come to dollars or any foreign currency in kenya - You buy as much as you want and take them to Ghana - to help shore your CEDIS.

Guy go and educate yourself on your economy

telling me Kenya is not a dollarized economy is the biggest joke of the century.


our Cedi is okay
worry about the kshs
you have reached your borrowing threshold such that your dumb MPs even want you to borrow to 100% of GDP

Just30:
which economy are you referring to as a well-diversified economy?

Kenya has no productive capacity

where will forex come from apart from tourism ?
Last year, you earned 1.5 billion dollars from tourism

500 million less than what Ghana earned


your economy is funny and filled with fraud everywhere

what about the 1.2 billion dollar from tea export. the largest export commodity from Beijing province in Africa ?....

remove tea export from kenya ? Kenya is finished.

rvp20182:
Learn to use hyperlinks.

Okay what is your understanding of exportable service sector - or you mean remittance from Ghanians abroad?

Kenya's Nairobi is the region financial capital. That bring a lot of dollars for starters.
https://www.ft.com/content/367907d0-d558-11e9-8d46-8def889b4137
So far this year, the country has attracted 54 projects totalling $2.9bn in announced investments according to fDi Markets, a Financial Times data service that tracks greenfield cross-border investment.

bring dollars from where?

Just30:
bring dollars from where?

one idiot says from the international conglomerate headquater in Kenya as if they pump up to 1 billion dollar in a year . when they are not investing in a new venture or spreading the existing one ..

vaxx1:
stop throwing up blogs. even the blogs says poverty "" still high in kenya""

that is not a blog it is a world bank report
open the link and read it

29.2 % is still high

vaxx2:
We even do more on forex exportable service than you .... we are currently doing over 7.5 billion dollar against your weak 5 billion dollar .... we have boost our reserve above 10 billion dollar and we are making sure not all goods that can have effect on forex exchange are bought in dollars . that is why we are trying to be independent here . we have reduce many importation and we are still doing more...

Your weak current service export does not mean that the excess of value in terms of export is made available to kenya . The excess in value of export may be for interest payments for loans contracted or bonds issued or the Chinese loan you borrowed so you can only stabilized it with another loan from elsewhere.


so what your country is doing is debt to debt which will soon exposed you...

there is a reason why he hasnt mentioned tourism

i was even thinking they make up for the 13 billion dollars difference between import and export in tourism

not knowing tourism only contributed 1.5 billion dollars to their economy.

Basically their economy is a scam and their gdp is highly questionable.

tylann:


that is not a blog it is a world bank report
open the link and read it

29.2 % is still high

stop lying , send me the link to IMf report. send us the link to the IMF report

rvp20182:
I am not sure where you are getting the data about exportable services. Ghana problems mirrors Nigeria - Zambia, Angola, name any africa country dependent on commodities.

If today you wake up - Aluminum prices are down by 30%, Oil down by 30%, Bauxite by 30%, Cocoa by 30% - Your country forex will be whipped out in a few days. You currency will depreciate so fast - and IMF will come for 17th rescue mission.

The reason why Kenya sits comfortably without any worry in life is because we have a VERY WELL DIVERSIFIED ECONOMY with very STRONG DOMESTIC ECONOMY.

We will only worry if we go into a civil war or a huge disaster.

all those things can go down in price by 50% and it will still not affect our currency
because we will immediately import substitute and still keep a surplus.

vaxx1:
stop lying , send me the link to IMf report. send us the link to the IMF report

i said open the link and read it

Jonraid:
MtisTheQubit are you a Tanzanian?

Let the guy continue wailing....No gonna tell him.. .
I just visited zanze-bar to say hi to my galfriend an now this Gananis think am Tanzanian.. .

Just30:


there is a reason why he hasnt mentioned tourism

i was even thinking they make up for the 13 billion dollars difference between import and export in tourism

not knowing tourism only contributed 1.5 billion dollars to their economy.

Basically their economy is a scam and their gdp is highly questionable.

No country with strong currency will still maintain a negative trade balance except kenya shillings....... the lies is obvious

rvp20182:
I am not sure where you are getting the data about exportable services. Ghana problems mirrors Nigeria - Zambia, Angola, name any africa country dependent on commodities.

If today you wake up - Aluminum prices are down by 30%, Oil down by 30%, Bauxite by 30%, Cocoa by 30% - Your country forex will be whipped out in a few days. You currency will depreciate so fast - and IMF will come for 17th rescue mission.

The reason why Kenya sits comfortably without any worry in life is because we have a VERY WELL DIVERSIFIED ECONOMY with very STRONG DOMESTIC ECONOMY.

We will only worry if we go into a civil war or a huge disaster.

when a Kenyan say they have a diversified economy then you know that something is wrong with the person head

You dont produce anything in Kenya

not rubber
not pipes
not aluminium


a diversified economy does not run a 13 billion dollars import-export difference

tylann:


i said open the link and read it

I have open it and can't find the link to the IMF report, can you help the blogs. they failed to upload the imf report as an appendix under their report.

Just30:
when a Kenyan say they have a diversified economy then you know that something is wrong with the person head

You dont produce anything in Kenya

not rubber
not pipes
not aluminium


a diversified economy does not run a 13 billion dollars import-export difference

without minerals like you niggas ,what do you think we survive on...Your country is depended on minerals an IMF..FACT

vaxx1:
stop lying , send me the link to IMf report. send us the link to the IMF report

and you are sick

it is the world bank that measures poverty rate across the world not IMF

tylann:


and you are sick

it is the world bank that measures poverty rate across the world not IMF

You know ths guys worship IMF..its like a new awesome thing...Every conversation got have IMF..guys dont know thats ol skool..w've been there an done that

rvp20182:
You're just confused fellow typing nonsense. Your airport and seaport; like you seriously want to compare yourself with Kenya?

Kenya debt market is mostly local debt - we are careful with external debt because of exogenous currency risk - so Kenya might have 60B dollars debt - but about 35 of that is owed to kenyans - and are denominated by KShs. CBK can just print Kshs and pay that off. The 25B dollars is external debt - about 1/3 of that 25B dollars is public guarantee to gov parastals - we never have to repay unless they go under. So that leaves us with about 15B dollars of debt - split btw commercial and concessionary loans - all mostly with long tenures...maturing in 50yrs.

In short - we don't have any debt repayment problem - monthly our total debt repayment comes to about 35-40B Kshs - and we collect about 120B d from taxes - we also borrow about 34-50 billion - so in short we have no problem at all.

Ghana has to start attracting investment outside minerals and natural resources...and we can talk about you having a MODERN ECONOMY.

Look at even low hanging fruit like ICT - NOTHING IS HAPPENING IN GHANA - LAGOS is doing great - so is Nairobi.

investments in Ghana goes to the manufacturing sector


your are highly funny


Your government 30 billion local debt cannot be paid in kshs
unless you want to tell me it used TBILLS as a tool.

tylann:


and you are sick

it is the world bank that measures poverty rate across the world not IMF

You are an idiot. IMF and word bank are both sister agent . so perdon me for using them together...

so where is the word bank appendix ?

Interesting day. Today Vax two brain cells were functional. Today it your turn to type nonsense that I WONT DIGNIFY WITH A RESPONSE.

Just30:
which economy are you referring to as a well-diversified economy?

Kenya has no productive capacity

where will forex come from apart from tourism ?
Last year, you earned 1.5 billion dollars from tourism

500 million less than what Ghana earned


your economy is funny and filled with fraud everywhere

mtisTheQubit:

Let the guy continue wailing....No gonna tell him.. .
I just visited zanze-bar to say hi to my galfriend an now this Gananis think am Tanzanian.. .

vaxx1:
I have open it and can't find the link to the IMF report, can you help the blogs. they failed to upload the imf report as an appendix under their report.

the standard reported only what the world bank said

imf does not measure poverty rate stop being stupid

i will post the link again

https://www.standardmedia.co.ke/article/2001299505/wb-report-poverty-still-high-in-kenya

mtisTheQubit:

without minerals like you niggas ,what do you think we survive on...Your country is depended on minerals an IMF..FACT

You are right just like how kenya is depending on tea and China loan

Shitty Ghana's Accra has long way to get to Mombasa.

Jonraid:
The F-5 and UH-1 Huey helicopter over Mombasa!

vaxx1:
You are an idiot. IMF and word bank are both sister agent . so perdon me for using them together...

so where is the word bank appendix ?

you are the idiot here

go and read imf and world bank mandates

Jonraid:

Seriously ths Gananis are evolving to full blooded Nigerians..just observe...An am not hating...

tylann:


the standard reported only what the world bank said

imf does not measure poverty rate stop being stupid

i will post the link again

https://www.standardmedia.co.ke/article/2001299505/wb-report-poverty-still-high-in-kenya

You are the frustrated animal here who keep reporting failure as a source of joy. where is the link to world bank report from your fake blog?



now let's be hopeful and send me the link to world bank ( a sister agent of IMF) or you remain in your madness forever ....

vaxx1:
You are right just kenya is depending on tea and China loan

Seriously vaxx ,show me what you export apart from minerals..

rvp20182:
Provide a link and we can have a fruitful conversation. Yes Ghana export tonnes of minerals - heck the country name is GOLD COAST - and kenya doesn't - but there is no denying that kenya is a sophisticated economy for it's size.

We have survived for what 60yrs with negative trade deficit - it's a non issue. Ghana has called IMF 16 times every time commodity prices have collapsed in the world market. You admitted your economy is still largely primitive, informal and black market.

We know where to get the forex to bridge the 11B dollar deficit. KQ for example bring forex from Ghana to Kenya. Kenya companies all over East, Central and South Africa bring forex. The fact that Kenya is seen as safe and stable haven - bring lots of forex from the region. We also know lots of Africa operations by MNC are running of Nairobi - they ship forex to Kenya.

Ghana does not just export tonnes of minerals
but also tonnes of manufactured goods.

which is almost twice the export of Kenya.
which Kenya company bring forex from central africa or East Africa?

Running and office in Kenya does not bring any benefit to your economy
because salaries are negligible.

mtisTheQubit:

Seriously vaxx ,show me what you export apart from minerals..

our cocoa export alone swamp most of your export ....

we do cocoa here and it is about three folds of what you export ... your golden egg ( Tea).

Just30:
Ghana does not just export tonnes of minerals
but also tonnes of manufactured goods.

which is almost twice the export of Kenya.
which Kenya company bring forex from central africa or East Africa?

Running and office in Kenya does not bring any benefit to your economy
because salaries are negligible.

show us the tonnes of manufactured goods..pleeease

tylann:


you are the idiot here

go and read imf and world bank mandates

Send me the link boy or better still remain an idiot