rvp20182:
What kind of English is that.Type in Google polemics vis diatribe.Let me know what you find

polemics my foot....talk stuff that common people understand....

kenya is dead in water swimming in crippling debt and stvpidity


kenya's economy in crisis: World Bank warns of debt distress

The ratio of Kenya’s debt to GDP has shot up from 59.1 per cent in 2017/18 to 62.3 per cent in 2018/19, racing towards dangerous levels.


Mr Yattani said the government would run broke and would be unable to finance this year’s Sh3.02 trillion budget if Senate blocked an increase of Kenya’s debt ceiling to Sh9 trillion.
A default on loan repayment would expose the country to ridicule in the international financial markets.

Kenya’s failure to fulfil its commitment to live within its means could make it difficult to repay its debts when they mature, the World Bank has warned.

In its Kenya Economic Update for October 2019, to be released today, the Bank notes that, “with 43 per cent of domestic debt expected to mature within one year, the government could face challenges in rolling over such bonds in an environment of no interest rate caps, low subscription rates and over-exposure of commercial banks to these assets”.

The bank’s warning comes only days after Treasury Cabinet Secretary Ukur Yatani’s admission that the country could not meet its loan obligations unless the debt ceiling was raised.

DEBT RESTRUCTURING

Mr Yattani said the government would run broke and would be unable to finance this year’s Sh3.02 trillion budget if Senate blocked an increase of Kenya’s debt ceiling to Sh9 trillion.

“If we are not guaranteed this amendment, there will be a crisis in the country because we will not be able to implement this year’s budget. We will also be unable to do debt restructuring to retire some of the old and expensive commercial loans with interest rates of up to 9.5 per cent that are choking our economy,” Mr Yatani said when he met the joint sitting of the Senate committees on Delegated Legislation and Finance and Budget at the Kenyatta International Convention Centre (KICC) last week.

rvp20182:
Very very bad.Central bank job all over the world is well-known.I doubt any is out there lending rice or chicken farmers or selling forex to importers.You need to form development banks and let central bank be what it is.. the lender of the last resort.

What nonsense..what you mean by lend rice and chicken...

They provide loan and invest in this sector .

GENEGIRIA:
kenya is dead in water swimming in crippling debt and stvpidity


kenya's economy in crisis: World Bank warns of debt distress

The ratio of Kenya’s debt to GDP has shot up from 59.1 per cent in 2017/18 to 62.3 per cent in 2018/19, racing towards dangerous levels.


Mr Yattani said the government would run broke and would be unable to finance this year’s Sh3.02 trillion budget if Senate blocked an increase of Kenya’s debt ceiling to Sh9 trillion.
A default on loan repayment would expose the country to ridicule in the international financial markets.

Kenya’s failure to fulfil its commitment to live within its means could make it difficult to repay its debts when they mature, the World Bank has warned.

In its Kenya Economic Update for October 2019, to be released today, the Bank notes that, “with 43 per cent of domestic debt expected to mature within one year, the government could face challenges in rolling over such bonds in an environment of no interest rate caps, low subscription rates and over-exposure of commercial banks to these assets”.

The bank’s warning comes only days after Treasury Cabinet Secretary Ukur Yatani’s admission that the country could not meet its loan obligations unless the debt ceiling was raised.

DEBT RESTRUCTURING

Mr Yattani said the government would run broke and would be unable to finance this year’s Sh3.02 trillion budget if Senate blocked an increase of Kenya’s debt ceiling to Sh9 trillion.

“If we are not guaranteed this amendment, there will be a crisis in the country because we will not be able to implement this year’s budget. We will also be unable to do debt restructuring to retire some of the old and expensive commercial loans with interest rates of up to 9.5 per cent that are choking our economy,” Mr Yatani said when he met the joint sitting of the Senate committees on Delegated Legislation and Finance and Budget at the Kenyatta International Convention Centre (KICC) last week.

Now imagine we are trying to avoid being Ghana and yet you been there nearly every year.We down to about 59% debt to GDP and will be fine in a year.

samorobo:


Firstly I am not jealous intead I am embarrassed to have that thing you call the pride of the continent continuously disgracing the entire continent with continuous losses and constant reduction of aircraft.....it is high appalling to say the least...

You can talk about The accused onyeama, soon he would be vindicated... Africa can't wait to expunge that disgrace you call an aircraft......That is a parody of a National airline....I spit

If Air Nigeria was operational then you could advice me on how to run an airline. As for the Biafra, I wish him luck in US prison.

shuoooo dark Christmas in poverty-stricken kenya

Dark Christmas beckons as Kenyans tell of job loss agony

Standard Team 24th Nov 2019 00:00:00 GMT +0300

Serah Mugoi never saw it coming, and she thought it was a slight misunderstanding. She had been a customer care representative at the betting firm, Sportpesa, for almost two years.

“We were in the middle of celebrating a colleague’s birthday when our phones beeped simultaneously. It was an email to all and it changed the mood in the room. The smiles dropped and we stared at each other, desperately trying to come to terms with the sad news,” Ms Mugoi recalls.

On that day in October, Sportpesa let its 362 employees know they were out of a job, just three months to Christmas.

SEE ALSO :A crash course on surviving a bad economy
The data may be showing the economy is getting bigger, but for thousands of workers, reality does not reflect this growth.

Scores of employees are headed into a dark festive season, uncertain of whether they will have their jobs come January, as companies embark on a fresh wave of layoffs and cost-cutting measures.

The government too is evaluating ways of bringing down the wage bill as it looks for areas to reduce spending, which has risen to uncontrollable levels.
While it has ruled out retrenchments, the State plans to reduce its wage bill by Sh182 billion through a freeze on employment, a situation creating anxiety among civil servants who are on contract, and fear their terms may not be renewed.

The private sector continues to put jobs on the chopping board, backing a trend seen throughout the year as industry adapts to the realities of an economy that is not showing signs of being on the mend.

SEE ALSO :Choppies supermarket sends home 200 employees
Aside from layoffs and doing away with non-essential spending, companies are also dishing out little to no dividends to its shareholders.

On the Nairobi Securities Exchange (NSE), at least 20 listed firms have warned their profits this year will tumble by more than 25 per cent. And just this week, BOC Gas and Eaagads joined the list.

And while the financial sector has seemingly held up the most in the face of a bleeding economy, it has not managed to save all its employees.

Banks have announced round after round of layoffs as technology makes many of its employees redundant. Mobile lender, Tala, joined the fray, with its management announcing impending re-organisation in Kenya just weeks after shutting down Tanzania operations. However, the lender, which has 170 employees in Kenya, said “any departures were done in the course of normal business”.

Staffing levels

SEE ALSO :Software firm Andela to lay off 170 in Kenya
In a carefully worded statement, it added: “Tala continuously re-evaluates staffing levels across all markets. “A review of our Kenya business revealed that recent improvements in our technology and product, including automation of some processes, had created additional capacity.”

Troubled airline Silverstone has also declared much of its workforce redundant, issuing a one-month redundancy notice to pilots and crew members. Its fleet was grounded after the Kenya Civil Aviation Authority (KCAA) suspended its Dash-8 fleet to allow for an investigation after a series of mishaps.

But while the regulator earlier this week lifted the suspension, the firm is yet to retract the notice sent out to a majority of its employees.

On Wednesday, the firm said it would evaluate the options that it has in the face of eroded confidence among its clients, adding that it had not received official communication from KCAA.

“Silverstone Air Services Ltd has become redundant. This decision has been made as a result of the recent decision by KCAA to ground the company’s fleet, thereby grounding our passenger services,” said the notice to pilots.

SEE ALSO :Andela layoffs of engineers to hit African tech prospects
The low-cost carrier said the grounding had negatively impacted its brand and it could, therefore, not continue to operate commercially.

It has been refunding money to the tune of Sh7 million a day over the last week to passengers that had booked and paid.

And at Kenya Power, while it has not laid off staff, it has moved to cut costs, including getting rid of afternoon tea and minimising travel by employees to just what is critical to operations. Internal communication from the power distributor’s new boss, Bernard Ngugi, said costs associated with overtime and travel had reached “unsustainable levels, ultimately affecting our bottom line and threatening the sustainability of the business.” On Monday, the private sector held talks with State officials who put Interior Cabinet Secretary Fred Matiang’i to task over the gloomy business environment.

Companies have been complaining of a liquidity crisis, which is partly attributed to the billions of shillings owed to them by the government.

Businesses are owed more than Sh137 billion, despite a presidential directive in June to clear the bills. On Tuesday, the Treasury even blacklisted some counties for being serial defaulters.

Richard Ngatia, the president of the Kenya National Chamber of Commerce and Industry, told the Sunday Standard that the current cash crunch being witnessed has been occasioned by a number of internal and external factors, including global trade uncertainties. He said to resuscitate the economy, pending bills should be paid to inject cash flow.

“Economic recession is a realistic phenomenon in every economy,” he said.

Other firms that have sent workers home recently include East African Portland Cement Company, East African Breweries Ltd, Telkom Kenya, Securex, Stanbic Bank, Betin, Sanlam Kenya and Ola Energy.

Others are cutting costs to stay afloat, but in the process setting off a chain reaction. Safaricom, for instance, has been looking at ways to reduce its operational costs.

The company, which is the most profitable in the region, has been reviewing its terms of engagement with its suppliers and in many instances reduced the amount paid to contractors while demanding more value for their money.

This has resulted in some of its suppliers scaling down on their personnel, such as guards.

Pending bills and cost-cutting have hit also the media industry hard.

Private sector firms and the government have substantially reduced advertising, with the industry citing a harsh environment where their revenues are not guaranteed, including from the government.

The State has been a stable client, but it is now reducing its spending, delaying payments and instituting austerity measures that touch on the sector.

This has resulted in media houses laying off staff, with the latest being Radio Africa, whose stable include The Star newspaper, Classic FM and Kiss FM. The media house recently announced plans to declare some employees redundant.

Mediamax, whose stable includes K24 and the People Daily newspaper, also laid off about 160 people, while State broadcaster KBC, whose financial woes are affecting its ability to pay salaries, was last week given a notice by employees who plan to lay down their tools come December.

The government’s austerity measures include plans to slash recurrent and development spending by Sh1.49 billion and Sh1.4 billion, respectively.

Its plans to reduce the wage bill, however, have been met with hostility from Cotu. The umbrella body for workers’ unions said the government should quit thinking in “that direction as it cannot be an option”. However, Trade CS Peter Munya, speaking to the media at a recent trade conference, downplayed reports of a harsh operating environment for businesses.

[Wainana Wambu, Macharia Kamau, Kenyanitto Oyier]

samorobo:


What nonsense..what you mean by lend rice and chicken...

They provide loan and invest in this sector .

Central bank is a special bank..that should not be doing chicken nonsense

rvp20182:
Now imagine we are trying to avoid being Ghana and yet you been there nearly every year.We down to about 59% debt to GDP and will be fine in a year.

you are in danger and all what you care about is to be better than ghana....

dont you kenyans have shame atall....

we nigerians admit we have difficulties....
ghanaians are trying....

what is your excuss....??

rvp20182:
What kind of English is that.Type in Google polemics vis diatribe.Let me know what you find

What kind of English is what?....

Polemics is quite similar to diatribe, and it is some sort of tautology to use both in a single statement...

Obakillah:


If Air Nigeria was operational then you could advice me on how to run an airline. As for the Biafra, I wish him luck in US prison.

wetin consighn you with biafra....??

shut up, ediot kenyans are very foolish and useless I have no shred of respect for you kenyans. I piss in your stinking mouths go and give food to your starving animal brothers and sisters

Food security: Thousands of Kenyans face starvation


The United Nations says war and climate-related disasters are leaving millions of people around the world fighting against hunger every day.

Countries in Africa remain disproportionately affected by food insecurity.

Kenya's northern region often suffers from food shortages and, like its Ethiopian and Sudanese neighbours, drought regularly leads to loss of harvest.

Al Jazeera's Catherine Soi reports from Turkana in the Northwest.


[s]

rvp20182:
Now imagine we are trying to avoid being Ghana and yet you been there nearly every year.We down to about 59% debt to GDP and will be fine in a year.

[/s]

Obakillah:


If Air Nigeria was operational then you could advice me on how to run an airline. As for the Biafra, I wish him luck in US prison.

Stop being stupid and tell your govt to come learn from our numerous successful private airlines maybe they can inculcate that knowledge into reviving your "as good as dead airline" which obviously is next to nothing....perhaps they want us to come buying the dead airline from them just as we regularly buy every other dying business in your zoo and revive it properly to a global standard......

Africa can wait to get rid of that disgrace you call our pride..

obidark:


wetin consighn you with biafra....??

My bad, I meant Bia_fraud. Mr Onyeama is a bia
-fraud.

samorobo:


What kind of English is what?....

Polemics is quite similar to diatribe, and it is some sort of tautology to use both in a single statement...

Diatribe is a bitter polemics.It is the signature of vaxx arguments.

rvp20182:
Diatribe is a bitter polemics.It is the signature of vaxx arguments.

say tell....
did you eat a english grammatic professor or what....??

polemics,Diatribe....wtf is wrong with you....??

foolish starving kenyans great news from that monkey dump kenya is broke flat broke

Two million Kenyans facing food crisis


The number of people staring at food crisis is likely to hit two million this month amid reports the country is set to run out of maize stock.

This is an increase from 1.6 million people in May, according to a report by the National Drought Management Authority (NDMA).

The agency this morning told Standard Digital that it has dispatched officers to arid and semi-arid areas to collect data on the affected families in an effort for the government to take emergency interventions.

“It is estimated that 1.6 million people are in crisis and the number is expected to reach over 2 million by July 2019,” says the report.

SEE ALSO :Wajir making bold steps towards food security
The report adds, “More households now face stressed acute food insecurity levels. In the pastoral north-west more households are in both crisis and emergency food insecurity phase.”

The agency cited the below normal rainfall performance coupled with poor temporal and uneven distribution as the main reason for poor crop production.

Some of the most affected areas are Turkana, Marsabit, Isiolo, Samburu, Wajir, Garissa, Tana River and Tigania West.

For More of This and Other Stories, Grab Your Copy of the Standard Newspaper.
The food shortage has been attributed to drought that affected food production in several parts of the country.

The report comes as Tegemeo Institute of Agricultural Policy and Development, a public think-tank, told the government for importation of maize to avert a major food crisis in the country.

SEE ALSO :Kenya will remain food insecure if we do not embrace irrigation
The institute said that importation of the cereal would help shield consumers from ravages of drought and at the same time avert a defective subsidy programme like one in 2017.

Already, in the last two weeks, retailers have adjusted the price of 2kg packet of flour to Sh120, up from Sh90.

Latest Ministry of Agriculture bulletin indicate that late rains onset, poor distribution and erratic rain patterns affected the crop planted early in most parts of the country.

It notes that planting was delayed in some parts of the country and this is expected to cause a reduction in total production.

It also warned that fall army worm infestation observed in Narok, Laikipia, West Pokot, Trans Nzoia and Elgeyo Marakwet would also negatively impact production.



It has also called for tracking and making available data that would be useful in helping the Government make critical decisions on food security. ?

GENEGIRIA:
kenya is dead in water swimming in crippling debt and stvpidity


kenya's economy in crisis: World Bank warns of debt distress

The ratio of Kenya’s debt to GDP has shot up from 59.1 per cent in 2017/18 to 62.3 per cent in 2018/19, racing towards dangerous levels.


Mr Yattani said the government would run broke and would be unable to finance this year’s Sh3.02 trillion budget if Senate blocked an increase of Kenya’s debt ceiling to Sh9 trillion.
A default on loan repayment would expose the country to ridicule in the international financial markets.

Kenya’s failure to fulfil its commitment to live within its means could make it difficult to repay its debts when they mature, the World Bank has warned.

In its Kenya Economic Update for October 2019, to be released today, the Bank notes that, “with 43 per cent of domestic debt expected to mature within one year, the government could face challenges in rolling over such bonds in an environment of no interest rate caps, low subscription rates and over-exposure of commercial banks to these assets”.

The bank’s warning comes only days after Treasury Cabinet Secretary Ukur Yatani’s admission that the country could not meet its loan obligations unless the debt ceiling was raised.

DEBT RESTRUCTURING

Mr Yattani said the government would run broke and would be unable to finance this year’s Sh3.02 trillion budget if Senate blocked an increase of Kenya’s debt ceiling to Sh9 trillion.

“If we are not guaranteed this amendment, there will be a crisis in the country because we will not be able to implement this year’s budget. We will also be unable to do debt restructuring to retire some of the old and expensive commercial loans with interest rates of up to 9.5 per cent that are choking our economy,” Mr Yatani said when he met the joint sitting of the Senate committees on Delegated Legislation and Finance and Budget at the Kenyatta International Convention Centre (KICC) last week.

Vaxx we were actually both wrong...Their debt to GDP Hass now hit 62.3%...The country is gradually going broke...

Gallivant a.k.a obakillah don't you think at this rate you would want IMF to bail you out or get a debt relief...That way you get to start all over oba clean slate than on a serious economic tension.

Obakillah:


My bad, I meant Bia_fraud. Mr Onyeama is a bia
-fraud.

you think you are doing me....??

am not even a biafran....

Obakillah:


You are only making noise. You are as urban as the DRC.



I will consider the Neocolonism and also pray for Nigeria/Ghana.

Go and pray for your ZOO first your ZOO is worster than South Sudan and Somalia

rvp20182:
Diatribe is a bitter polemics.It is the signature of vaxx arguments.

The fact that former indicates the current emotion doesn't mean you should use both similar words in the same sentence

samorobo:


The fact that former indicates the current emotion doesn't mean you should use both similar words in the same sentence

soooo,both words are similar in meanin....??

samorobo:


Stop being stupid and tell your govt to come learn from our numerous successful private airlines maybe they can inculcate that knowledge into reviving your "as good as dead airline" which obviously is next to nothing....perhaps they want us to come buying the dead airline from them just as we regularly buy every other dying business in your zoo and revive it properly to a global standard......

Africa can wait to get rid of that disgrace you call our pride..

Quit crying. When discussing aviation, the poverty capital and IMF colony should stay in their lanes. It's that simple.

rvp20182:
Central bank is a special bank..that should not be doing chicken nonsense

Your thinking...smh

Obakillah:


Quit crying. When discussing aviation, the poverty capital and IMF colony should stay in their lanes. It's that simple.

i dont think kenyan airways will be around for that much longer....

Obakillah:


Quit crying. When discussing aviation, the poverty capital and IMF colony should stay in their lanes. It's that simple.

We will quit talking the day you stop disgracing Africa with that loss making 2 aircraft you call an airline....just sell it to us already and save yourself the stress and Shame... simple

obidark:


i dont think kenyan airways will be around for that much longer....

It is finally going down......(sigh) what a relief from the disgrace

obidark:


the thing is not about buildin,but wheather the demand is their....
china built alot of cities that are empty today because common people cant afford them....

Even by the standards of your countrymen you're a special case! You stumble in here bark cloudy hostile inanities at us like a schizo staring in the mirror disappear, reappear after a week rinse and repeat ad nauseam.
WTF, son!?

samorobo:


Your thinking...smh

Every kid with primary school education understand the role of central bank but your president the cattle herdsman wasn't so fortunate so he ordered a central bank to fund chicken coop.

rvp20182:
Now imagine we are trying to avoid being Ghana and yet you been there nearly every year.We down to about 59% debt to GDP and will be fine in a year.

Honestly you really need this self comforting words...I would to if I was In Your shoes..

kikuyu1:


Even by the standards of your countrymen you're a special case! You stumble in here bark cloudy hostile inanities at us like a schizo staring in the mirror disappear, reappear after a week rinse and repeat ad nauseam.
WTF, son!?

kenyaaaa....!!

ready for your daily bashins....??

i admit i was busy lately than attendin you miserable kenyans....

am actualy surprised you managed to fvckup so quickly with ghanaians....
i was enjoyin this west,ost against nigeria shi shi actualy....

but i knew you will get too bold again....

kikuyu1:


Even by the standards of your countrymen you're a special case! You stumble in here bark cloudy hostile inanities at us like a schizo staring in the mirror disappear, reappear after a week rinse and repeat ad nauseam.
WTF, son!?

I hope it one person with many handles because honestly in all my online Kenya experience never seen such kind of retardness..how do they manage to go through the registration.Maybe they should introduce a simple maths quiz to weed such disabled kids from adult conversation.

rvp20182:
I hope it one person with many handles because honestly in all my online Kenya experience never seen such kind of retardness..how do they manage to go through the registration.Maybe they should introduce a simple maths quiz to weed such disabled kids from adult conversation.

kenya and kenya sittin on a tree....

k i s s i n g....