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Post by Daktari wa makazi on Aug 19, 2013 17:30:53 GMT 3
People are showing their age by discussing Nazi's intellectuals. To my knowledge, Nazi economy did not suffer from the ailment induced by receiving foreign 'loans' which meant that they paid interest in servicing their foreign debt. Maybe we should focus on the current breed of German thinkers who were relevant to the an African country burdened by foreign debt. I have in mind, Thomas Pogge, Check out his webiste, pantheon.yale.edu/~tp4/index.htmlIn particualrly, read his artcile; “Are We Violating the Human Rights of the World’s Poor?”
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Post by OtishOtish on Aug 19, 2013 18:37:42 GMT 3
To my knowledge, Nazi economy did not suffer from the ailment induced by receiving foreign 'loans' which meant that they paid interest in servicing their foreign debt. Not so. It had plenty of foreign debts on which in had to repay interests. And it repaid them until the crunch came, by way of a dwindling of foreign reserves, at which point Schacht started by suspending interest payments on some of those and ended up with a default on all foreign debt.
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Post by jakaswanga on Aug 19, 2013 19:41:02 GMT 3
Brother Jakaswanga, I started with what is readily available: data of foreign vs domestic borrowing. I hope the attachment will show up somewhere in this posting. It will be interesting to see how these trends correlate with those of GDP and GDP per capital. Mank, I notice earlier, external debt outstripped the internal debt, but at about 2007 they about evened and progressed at an equal factor, then from 2009 the GoK is now more 'internally indebted'. This is intriguing, for I wonder whether the GoK's demand for loans [to pay the public wage bill majorly ] is acting as a vacuum cleaner, a clearing house sucking up local money that otherwise could be lent out to more useful purposes, eg more INTERNAL INVESTMENT, such that we would not have to cry so much for FDI's and send our Governors to all corners of the world to plead for cash!! I have not thought it through yet, but I will! May be we see now what Fimbo was taking about. External creditors do not trust much Kenya's repayment abilities. The treasury reckons it CAN NEVER DEFAULT ON INTERNAL DEBTS, which it holds in a currency she CAN PRINT AD LIB! you feel me Mank! After reading Fimbo and seing the above graphics, I would be worried if this government owed me money! They will repay yes, but they could do it in WORTHLESS PAPER!
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Post by jakaswanga on Aug 19, 2013 19:50:52 GMT 3
To my knowledge, Nazi economy did not suffer from the ailment induced by receiving foreign 'loans' which meant that they paid interest in servicing their foreign debt. Not so. It had plenty of foreign debts on which in had to repay interests. And it repaid them until the crunch came, by way of a dwindling of foreign reserves, at which point Schacht started by suspending interest payments on some of those and ended up with a default on all foreign debt. I wanted to leave this one to another who could correct it without a swipe. For I was going to, but with a slap, which would lead to another what have you with aids shout! Germany was overburdened by the reparations regime emanating from the treaty of Versailles. Technically then, a crushing Foreign debt, with escalating interest accumulations. Germany would be milked to death, and the hyperinflation was a symptom of her dying. And so the consensus behind Hitler, that Versailles was a national humiliation. So long Germany was bound by it, she would never 'accumulate capital, nor other wealth'. A slave nation. NAZI economics, was the chain-saw that ripped those chains from Versailles, setting Germany free. Momentarily before the next destruction by bombs!
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Post by Daktari wa makazi on Aug 19, 2013 21:29:29 GMT 3
I hope no one is arguing that the loan regime giving to Germans in the period after say the Great Depression, was more favourable to the one given, say, to the current African countries. When the IMF was formed, the Germans, French and the British gained siginificantly by acquiring 'cheap' loans to kickstart their industrial 'revolution'. France was the first country to secure loan from the IMF. Despite that, maybe I should have buttress my comment by saying that Germany survived amongst others things because its maintained trade surplus all through its existence which meant that its exports were more healthy than the imports. Second, it does not take an economists to know that Germany is a powerhouse when it comes to indstrualization - it was the leading light, then and is still now. How then can one blindly assume we can learn fom them when their situation is not comparable to ours? We have no industrial base to talk about, and further we are reliant strongly on imports.
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Post by jakaswanga on Aug 20, 2013 22:31:36 GMT 3
External creditors do not trust much Kenya's repayment abilities. The treasury reckons it CAN NEVER DEFAULT ON INTERNAL DEBTS, which it holds in a currency she CAN PRINT AD LIB! you feel me Mank! After reading Fimbo and seing the above graphics, I would be worried if this government owed me money! They will repay yes, but they could do it in WORTHLESS PAPER! Mank, Here is a tell-tale article which may indicate the jittery nerves of some EXTERNAL CREDITORS, in this case the Chinese Exim Bank respective the proposed Grand Railway. It is a dangerous admission if true, that the Rotich budget was skewed to answer the dictates by a foreign lender. The implied loss of autonomy, as far as the setting of national priorities is concerned, already implies the power balance as Uhuru is in China today, is that of a vassal paying tribute to the emperor. www.nation.co.ke/oped/Opinion/Chinese+link+in+railway+levy/-/440808/1958990/-/levfm2z/-/index.htmlWhat is the point of paying our Mpigs these great salaries, and have our treasury a supplicant to foreign powers? political bankruptcy as a prelude to financial bankruptcy, then bail-out conditions that totally negate independence. Hmmm, me insists second liberation came still born!
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Post by OtishOtish on Aug 20, 2013 23:10:04 GMT 3
Jakaswanga:
Like you, my first thoughts on reading the "pledges" of billions was to wonder exactly what was being given and on what terms. But then I woke up and decided to be happy with this great news of the Chinese again giving Kenyans plenty of stuff. And if you doubt it, you will soon see, with your own eyes, plenty of little men delivering the said good stuff.
Here's a thought: how many Kenyans know that Afghanistan is one of Kenya's top export markets (in the top 20, I believe). Take a look at how much their contribute to the Kenyan economy through their imports and compare with how much the Budding Superpower imports from Kenya. Now, when was the last time you had of a delegation to Afghanistan. Same for Pakistan, which imports even more.
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Post by mank on Aug 21, 2013 8:16:03 GMT 3
External creditors do not trust much Kenya's repayment abilities. The treasury reckons it CAN NEVER DEFAULT ON INTERNAL DEBTS, which it holds in a currency she CAN PRINT AD LIB! you feel me Mank! After reading Fimbo and seing the above graphics, I would be worried if this government owed me money! They will repay yes, but they could do it in WORTHLESS PAPER! Mank, Here is a tell-tale article which may indicate the jittery nerves of some EXTERNAL CREDITORS, in this case the Chinese Exim Bank respective the proposed Grand Railway. It is a dangerous admission if true, that the Rotich budget was skewed to answer the dictates by a foreign lender. The implied loss of autonomy, as far as the setting of national priorities is concerned, already implies the power balance as Uhuru is in China today, is that of a vassal paying tribute to the emperor. www.nation.co.ke/oped/Opinion/Chinese+link+in+railway+levy/-/440808/1958990/-/levfm2z/-/index.htmlWhat is the point of paying our Mpigs these great salaries, and have our treasury a supplicant to foreign powers? political bankruptcy as a prelude to financial bankruptcy, then bail-out conditions that totally negate independence. Hmmm, me insists second liberation came still born! A tell-tale article which may indicate the jittery nerves of some EXTERNAL CREDITORS, in this case the Chinese Exim Bank respective the proposed Grand Railway? Interesting! Last night I started drafting a response to your observation of how domestic debt has met and outpaced external debt- that observation is something I had reserved for another day as I posted the chart. What would escape you. amigo? I did not have the time to complete it even last night, and then here you have pre empted it all together. In essence my thoughts were that what I worry most is the possibility that foreigners are already weary of lending to GoK. At the same time, Kenyans may be giving a bad borrower the equivalence of a rope to a suicidal maniac, without the due diligence to proper investment. Diaspora's currency transfers is a central asset in all CBK projections - and I would say, a potential indicator of the diaspora's drankardness with "investing at home". Fn the diaspora becomes jittery of lending to that borrower, like the Chinese may already be doing, those rail lines might have to scritch to a halt! If they do, guess where dollars will have to come from to repay white elephant capital! Early postings have the ideas.
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Post by Daktari wa makazi on Aug 21, 2013 9:52:12 GMT 3
Mank
Sorry to jump in!
I have been thinking about a similar issue of the diasporan contribution and was inclined to suggest a development of a 'disaporan bond' where Kenyan abroad would buy such bonds from the CBK and after say, five years, it matures to a handsome return. The Gok will in the process have liquid funds to use in developmental project and budget on the basis of revenue from taxation to pay back the maturity rates of the Bonds. The only difference this Bond will have to the Treasury Bills for example will be the local taxtion imposed on them and the netwok of distribution outside the Country, say through the High Commission/Embassy. I say five years because that is the 'life' of a governement before general elections.
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Post by mank on Aug 22, 2013 7:13:19 GMT 3
Mank Sorry to jump in! I have been thinking about a similar issue of the diasporan contribution and was inclined to suggest a development of a 'disaporan bond' where Kenyan abroad would buy such bonds from the CBK and after say, five years, it matures to a handsome return. The Gok will in the process have liquid funds to use in developmental project and budget on the basis of revenue from taxation to pay back the maturity rates of the Bonds. The only difference this Bond will have to the Treasury Bills for example will be the local taxtion imposed on them and the netwok of distribution outside the Country, say through the High Commission/Embassy. I say five years because that is the 'life' of a governement before general elections. Hi Sadik, No need to apologise for jumping in man. That's what it is all about. As for the specific idea though, I am not sure how you would go about that. Bonds are things CBK supply (or borrowing is CBK's decision). So what you are suggesting sounds to me like "lets lobby the CBK for a special bond." Not a big problem, if we are sufficiently inspired. The pessimism in this thread is real. However this thread can also be viewed as an open forum crying out for inspiration to see things differently. Go for it.... tell us why we should believe in the beggar whose messengers to foreign lands surprise royalties out there with the will to spend.
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Post by Daktari wa makazi on Aug 22, 2013 14:35:34 GMT 3
I do not wish to contemplate an answer to your question, why we should believe in the beggar whose messengers to foreign lands surprise royalties out there with the will to spend, because I have no answer to it. But, I am usually a glass half full ( or it is glass half empty) person and looks at the optimnistic side of things. I have used treasury bonds. Most of the ones I have bought were five years, but I understand the longer you keep them the better the return. There are different types, mine were based on the maturity structure. The limitations with Treasury Bonds are that applications must be submitted at home, usually to the CBK itself, or through commercial banks or stock borrowers. Most of us cannot fly home now and then. We are therefore left at the mercy of relatives, most of whom would very much like to put t funds sent to them in better use to the original intention. That is why I think a ‘diasporan bond’ would be good opportunity. To my knowledge, the idea has been put into practice in Israel and in India, two nations with huge diasporan communities. I know the Central Bank get a record of the disporan remittance but money is often send back home to support family or friends, however, these funds are only a survival mechanism. www.centralbank.go.ke/index.php/news/309-june-remittancesWhile remittances offer evidence that members of diasporas care about their home countries — even if it’s primarily to keep their loved ones off the breadline—these funds do not and will not offer a permanent path to development. But, we now need to harness the opportunity to encourage investment and in the process support development. This is an opportunity for Kenya to gain access to the hard-earned savings of their emigrant sons and daughters. Diaspora bonds are essentially a form of government debt that targets members of the national community abroad. For Kenya, the bonds provide an opportunity to tap into a capital market beyond international investors, foreign direct investment, or loans. And of course, channel money straight from the disaporan community to the gov’t project not via relatives. Besides the logistics, I think for this to work, the gov’t must be prepared to give its diaspora communities a greater say in how any funds raised will be used. Tat sould create favourable vibes across the people. I think it is time the Kenyan High Commissions and the Embassies abroad earn their keep and are turned into facilitation units of investment facilities like bonds, where Kenyan overseas can quickly get the necessary services where they are, not forced to travel home frequently. Perhaps, a specific project in a specific region will attract more attention if it known who are the people fronting that project hopefully alleviated some concern about graft and mismanagement.
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Post by OtishOtish on Aug 23, 2013 1:56:41 GMT 3
There is an old "big band" recording---I can't recall the title right now---in which at the end of the tune the band leader, Count Basie, urges the band to do it "one more time!", after which they get exhorted to do it "one more time once again!". And then "one more time once again, again!" ... until all have had satisfaction. Kenyan MPs must be very familiar with that recording: www.nation.co.ke/news/politics/MPs+in+fresh+bid+to+raise+their+pay/-/1064/1964382/-/entpssz/-/index.htmlJust in case they run into legal roadblocks, They are proposing that the judges too join in the eating be adequately paid. That's very clever good. Respect for the law is very important in a civilized country. And in other news, here's a fellow raining on a very nice parade, as Kenyans sing and dance about all the stuff the Chinese are giving them ... the 50km superhighway was just the beginning*** ... and all for just a few elephant tasks and a handful of rhino horns: www.nation.co.ke/business/news/Chinas+loan+to+push+Kenya+debt+to+Sh2+3trn/-/1006/1964208/-/br96ctz/-/index.htmlBad attitude! The heroic son comes home from the hunt, bringing back a huge one. Let the celebrations continue. _________________ *** Yes, yes; I know. But this is not the time to mention the African Development Bank. After all, we all saw---with our own eyes!---the Chinese build the road. Right there.
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Post by mank on Aug 23, 2013 6:46:10 GMT 3
I do not wish to contemplate an answer to your question, why we should believe in the beggar whose messengers to foreign lands surprise royalties out there with the will to spend, because I have no answer to it. But, I am usually a glass half full ( or it is glass half empty) person and looks at the optimnistic side of things. I have used treasury bonds. Most of the ones I have bought were five years, but I understand the longer you keep them the better the return. There are different types, mine were based on the maturity structure. The limitations with Treasury Bonds are that applications must be submitted at home, usually to the CBK itself, or through commercial banks or stock borrowers. Most of us cannot fly home now and then. We are therefore left at the mercy of relatives, most of whom would very much like to put t funds sent to them in better use to the original intention. That is why I think a ‘diasporan bond’ would be good opportunity. To my knowledge, the idea has been put into practice in Israel and in India, two nations with huge diasporan communities. I know the Central Bank get a record of the disporan remittance but money is often send back home to support family or friends, however, these funds are only a survival mechanism. www.centralbank.go.ke/index.php/news/309-june-remittancesWhile remittances offer evidence that members of diasporas care about their home countries — even if it’s primarily to keep their loved ones off the breadline—these funds do not and will not offer a permanent path to development. But, we now need to harness the opportunity to encourage investment and in the process support development. This is an opportunity for Kenya to gain access to the hard-earned savings of their emigrant sons and daughters. Diaspora bonds are essentially a form of government debt that targets members of the national community abroad. For Kenya, the bonds provide an opportunity to tap into a capital market beyond international investors, foreign direct investment, or loans. And of course, channel money straight from the disaporan community to the gov’t project not via relatives. Besides the logistics, I think for this to work, the gov’t must be prepared to give its diaspora communities a greater say in how any funds raised will be used. Tat sould create favourable vibes across the people. I think it is time the Kenyan High Commissions and the Embassies abroad earn their keep and are turned into facilitation units of investment facilities like bonds, where Kenyan overseas can quickly get the necessary services where they are, not forced to travel home frequently. Perhaps, a specific project in a specific region will attract more attention if it known who are the people fronting that project hopefully alleviated some concern about graft and mismanagement. Sadik, Don't get me wrong. I have lent that borrower. But that is exactly the reason the manners of the knuckleheads that are its custodians concern me! This thread inquires into the creditworthiness of that borrower, when much borrowing seems to be going to waste. It's not mindless pessimism. It is pessimism triggered by borrower behaviour. So optimism must first present arguments to quench this fact-based pessimism.
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Post by Daktari wa makazi on Aug 23, 2013 19:20:07 GMT 3
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Post by mank on Aug 25, 2013 1:29:17 GMT 3
Sadik,
I should have told you that Kenya has issued the kind of bond you were suggesting, at least twice, may be thrice, since 2011. The series was an infrastructure bond that at times would be called "Diaspora infrastructure bond." In it diaspora lenders were off the hook for tax on yields. Keep you eye open to the CBK site ... they might open the same again. In the meantime, also familiarize yourself with the account procedures required by CBK ... you would need to be set up by the time the bond is on offer to be able to participate.
+++++++++++++++++++++
Jakaswanga, Njakip, and all, we are not done. Ni hali ya kazi for now.
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Post by OtishOtish on Aug 25, 2013 4:16:56 GMT 3
Sadik, I should have told you that Kenya has issued the kind of bond you were suggesting, at least twice, may be thrice, since 2011. The series was an infrastructure bond that at times would be called "Diaspora infrastructure bond." In it diaspora lenders were off the hook for tax on yields. Keep you eye open to the CBK site ... they might open the same again. In the meantime, also familiarize yourself with the account procedures required by CBK ... you would need to be set up by the time the bond is on offer to be able to participate. +++++++++++++++++++++ Jakaswanga, Njakip, and all, we are not done. Ni hali ya kazi for now. Mank: What money I have goes towards stomach, shelter, shirt on the back, bones for my beagle, etc; so I doubt that I can do Diaspora Bonds. If, by some miracle, the lottery man brought a cheque to my door, I would be looking to invest in places where, as they say, my money would work for me ... bring in its relatives. So, how good would Kenya be for that? There, I would have to rely on the Big Investment Brains. Looking at UNCTAD's latest World Investment Report, they would probably say that "near home" is better than "home". Take a look at Annexe Table 1 here: unctad.org/en/PublicationsLibrary/wir2013_en.pdfand keep in mind that Tanzania and Uganda have economies that are much smaller than Kenya's. Notice that after 2007, everyone ran off and have yet to return. My investing buddy says it's " investor sentiment" that " you never know what's going to happen in a place like that; better to wait and see". Hmmm. And what's going to happen in a place like that when the 90 years are up and people stop being vague? But, hey, why worry about FDI when Uncle Chong is dishing out credit cards and De La Rue has the printing press warmed up 24/7?
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Post by Daktari wa makazi on Aug 25, 2013 11:19:31 GMT 3
One area Kenya fails miserably is lack of information, or rather not making information open and public. I did not know about the diasporan bonds, but I am a proud owner of bonds, so I know how, when and where to get them. Thank God, I don’t need old UN data to help me make local investment decisions, I seem to be doing well on my own. The discussions in this thread are all what is bad with some of us. Raw cynicism with sheer contempt! To extent that, it is seems to me, some are using baseless economics to serve their political end, having lost the election. At some of the earlier posts, (I have left out the Nazi nonsense being peddled), there was comparison with Germany, a country, unlike Kenya, whose manufacturing is legendary. German has a strong economy, www.telegraph.co.uk/finance/economics/10261751/German-economy-grows-at-strongest-pace-in-a-year.html… and, to me, her economy is so good because it has trade surplus. www.tradingeconomics.co... We need to emulate that by juxtaposing their methods with our specific situations, not necessarily copy it.
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Post by jakaswanga on Aug 25, 2013 12:06:21 GMT 3
At some of the earlier posts, (I have left out the Nazi nonsense being peddled), there was comparison with Germany, a country, unlike Kenya, whose manufacturing is legendary. German has a strong economy, I am the guy peddling that nonsense ! But you are a baby in head, and you will be excused for not knowing the unemployment statistics in Germany during the Weimer republic, nor the rate of inflation at her end, nor the available economic methodologies of dealing with both simultaneously, all within an a stripping reparative regime of debt servicing. One day you might learn the simple habit of thinking. Perhaps when you grow up! Now? you will soon be yelling at Oloo's feet! ati your butt is getting whipped all over town!
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Post by Daktari wa makazi on Aug 25, 2013 15:45:03 GMT 3
JaskaswangaYour flossing is legendary. Despite my mediocre economics, I don’t really find your stuff illuminating. When I come across your voluminous copy and paste, especially on matters economics, I usually sigh and look else. But, that is not the issue, here. One wonders why you and your likes have not used your economic prowess to drag your region from abject poverty. Focussing on Germany and its well oil economic structures is all good and dandy, it only leaves your naked behind exposed and will not solve your mediocre self at home, yawa! Your region had maximum exposure because you had a Prime Minster, and a city in Kisumu, not to mention worthy manpower. But, despite that magnifique positions, here are a few home truths, the last Kenyan Human Development Report exposed you ugly behind (no German economy will cover that), • Your region had the lowest life expectancy of 46 years, despite producing top medical people. • Only 0.6 per cent of residents have access to piped water in their dwelling places despite the presence of massive water sources in the area. • There cannot be an explanation why Gusii farmers who have less land compared to the expansive Luo Nyanza feed the markets in your region. It is simply shamefully, that while your region can be self-sufficient in food production, it imports food more expensively than it produces from far region, including my home region. • Your regions leads in stalled or collapsed factories, (Kicomi and Kibos) • When the Katito-Kendu Bay-Homa Bay-Mbita-Sindo road which commissioned to help fishermen sell their fish, it was Asian magnates, an Israeli-owned firm and Nairobi-based processors who enjoyed huge profits. • Suba ( home of Otieno Kajwang) gives about 80% per cent of fish for export, but had no inch of tarmac road, no bank, and no district hospital. Ruma National Park ( which could be a leader in tourism in the region) is dying from tsetse yet your region is home to ICIPE. hdr.undp.org/en/reports/national/africa/kenya/KENYA_2006_en.pdfNext time you copy copious garbage from Wikipedia about foreign lands and their economy while disparaging ours, make a point to look at the mirror! It is your region which is dragging us down!
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Post by b6k on Aug 25, 2013 16:05:51 GMT 3
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Post by jakaswanga on Aug 25, 2013 16:42:42 GMT 3
JaskaswangaYour flossing is legendary. Despite my mediocre economics, I don’t really find your stuff illuminating. Take comfort you are not alone. But take time to wail for your mediocrity in not only matters economics Yes, they do can be mentally taxing. You are excusedLet us see what the issue is! Good question, which can be transposed to all of Africa with her legendary resources yet laggin in world statistics of the postitive type. --But a pity I did not major in econs, otherwise I sure would have done all the Hjalmar Schacht stuff myself. As it is, my stuff is really 8th century Scottish clan wars! Oh, we do mentally travel. On the other thread we are focussing on China! did you notice. I also saw some guys doing Zimbabue! Don't we know it and love to hear about it as a put down. Uhuru Trouble-shooter Joshua Kottuny was in Migori the other day --see Dalmas Otieno thread-- with his Wajaluo tusidanganyane! rubbing it in more colourful than the demented Sadiks of this world! You wont believe it, but it is a tall order coming up with stuff that we haven't seen ourselves nor heard before! Go do more homework, boy. When a man refers to a table of eg indices about elektro-power generation from wikipedia as garbage, it is time say never argue with a fool. a 40M people $40 bn GDP must be disparaged as one of the greatest underperformances in modern times, considering where fellow peers who made it, were half a century ago. We call it wuothi eka ine: Travel, also with your head, that you can know what else is also possible. GERMANY, built twice in one generation after debilitating war, is a spectacular lesson that fascinates me. I doubt you know what am talking about. You amuse me Sadiq, where did you say you come from? Tora Bora caves?
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Post by jakaswanga on Aug 25, 2013 16:47:52 GMT 3
b6k, your cryptic old self! ---or is this a new fella altogether?
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Post by jakaswanga on Aug 25, 2013 16:49:58 GMT 3
Man Mank,
Sorry Amigo! these are not the kind of come backs I was promising for this thread! But you know Jukwaa! there are also pet wars to be fought!
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Post by mank on Aug 25, 2013 21:23:14 GMT 3
Sadik, I should have told you that Kenya has issued the kind of bond you were suggesting, at least twice, may be thrice, since 2011. The series was an infrastructure bond that at times would be called "Diaspora infrastructure bond." In it diaspora lenders were off the hook for tax on yields. Keep you eye open to the CBK site ... they might open the same again. In the meantime, also familiarize yourself with the account procedures required by CBK ... you would need to be set up by the time the bond is on offer to be able to participate. +++++++++++++++++++++ Jakaswanga, Njakip, and all, we are not done. Ni hali ya kazi for now. Mank: What money I have goes towards stomach, shelter, shirt on the back, bones for my beagle, etc; so I doubt that I can do Diaspora Bonds. If, by some miracle, the lottery man brought a cheque to my door, I would be looking to invest in places where, as they say, my money would work for me ... bring in its relatives. So, how good would Kenya be for that? There, I would have to rely on the Big Investment Brains. Looking at UNCTAD's latest World Investment Report, they would probably say that "near home" is better than "home". Take a look at Annexe Table 1 here: unctad.org/en/PublicationsLibrary/wir2013_en.pdfand keep in mind that Tanzania and Uganda have economies that are much smaller than Kenya's. Notice that after 2007, everyone ran off and have yet to return. My investing buddy says it's " investor sentiment" that " you never know what's going to happen in a place like that; better to wait and see". Hmmm. And what's going to happen in a place like that when the 90 years are up and people stop being vague? But, hey, why worry about FDI when Uncle Chong is dishing out credit cards and De La Rue has the printing press warmed up 24/7? Man Otish, That response should really be directed to Sadik. But I realize the mistake I made - I was only responding to Sadik regarding his interest to organize a diaspora bond. Otherwise my inquiry on the prospects of CBK paying back in paper from Ruaraka remains incomplete. I am in no position to endorse Sadik's idea, but I realized I had info that could be helpful to him.
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Post by mank on Aug 25, 2013 21:24:41 GMT 3
One area Kenya fails miserably is lack of information, or rather not making information open and public. I did not know about the diasporan bonds, but I am a proud owner of bonds, so I know how, when and where to get them. Thank God, ....I seem to be doing well on my own. ..... I wonder what you are suggesting there, Sadik. Sorry to offer the info I offered, now that you clarify that you know "how, when and where to get them...", but I thought I was offering valuable information given the suggestion you made about organizing a diasporan bond. As for making info public, I wonder whether you are suggesting that I had info from anywhere but public outlets. You bring a tone to this thread that is not useful. You may not like everything that's stated here, but it is being phrased in a way of analysis. Everyone can analyze and decide which arguments to agree or disagree with. This is not about winning or losing elections, but should a discussant have such regrets in their minds as they post, its their entitlement. Your posting at # 125337 (here) seems to call for a number of suggestions (mainly in the area of investing where you seem to generalize investing ideas that may be fitting some particular situations) but then your come back to those who offer other information is discouraging. Needless to say those suggestions did not seem fit for this thread, that why I did not make them on first read (glad I thought to hold them till we are on their appropriate thread because now I am better informed). Why do you put yourself in a discussion when you seem bitter with every feedback you get?
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