Economic reforms are finally being felt.

[Denis Young]

Based on this Stanbic report, it is clear that commerce has started churning. A different but recent report also suggested that formal jobs had grown over the past year.



When businesses are expanding to match demand, that tells you money has started flowing.

That was even something confirmed to me by someone who hates the government. They indicated that the past two months have been very good in terms of sales.

But is this a surprise? Hardly. Affordable credit is the backbone of enterprise. With every subsequent rate cut CBK implements, the stronger the economy will get. It is really that simple on a fundamental level.

Yet again, I told you so!

 

[upepo]

Based on this Stanbic report, it is clear that commerce has started churning. A different but recent report also suggested that formal jobs had grown over the past year.



When businesses are expanding to match demand, that tells you money has started flowing.

That was even something confirmed to me by someone who hates the government. They indicated that the past two months have been very good in terms of sales.

But is this a surprise? Hardly. Affordable credit is the backbone of enterprise. With every subsequent rate cut CBK implements, the stronger the economy will get. It is really that simple on a fundamental level.

Yet again, I told you so!

What proportion of the Kenyan economy, which is mostly informal, is captured in the PMI? A minuscule amount. Same thing with cutting bank rates. It has very little effect on the economy that matters. Third-world countries should never be compared to first world-countries, where rate cuts are felt by everyone in the economy, because everyone is a borrower of some sort. Similarly, employment rates mean nothing in a country where the difference between employment and unemployment is theoretical for the majority.
The high electricity prices have crippled very many businesses while taking money from the bottom, where money circulation generates the highest productivity. If you want to know how the economy is doing, you just need to look at customer spending patterns in companies like Safaricom. These are the metrics that matter.

 

[Denis Young]

What proportion of the Kenyan economy, which is mostly informal, is captured in the PMI? A minuscule amount. Same thing with cutting bank rates. It has very little effect on the economy that matters. Third-world countries should never be compared to first world-countries, where rate cuts are felt by everyone in the economy, because everyone is a borrower of some sort. Similarly, employment rates mean nothing in a country where the difference between employment and unemployment is theoretical for the majority.
The high electricity prices have crippled very many businesses while taking money from the bottom, where money circulation generates the highest productivity. If you want to know how the economy is doing, you just need to look at customer spending patterns in companies like Safaricom. These are the metrics that matter.

What are you even saying...

Aren't you the same guy that told Mzeiya that the shilling would go back to 160 "within weeks".

 

[shocks]

Only a stupid person would wish a president fails the country economically, but also only a stupid person would look at gains only and ignore all other flashing danger signals. E.g does a 100 billion shilling stadium make sense?

 

[zapp_brannigan]

does a 100 billion shilling stadium make sense?

Priorities ,

 

[Denis Young]

Only a stupid person would wish a president fails the country economically, but also only a stupid person would look at gains only and ignore all other flashing danger signals. E.g does a 100 billion shilling stadium make sense?

Are you aware Kenya is probably hosting the opener or final of the AFCON in 2027?