USD

the good thing is Kenya’s economy is not efficient at responding to market forces or other crucial information so for now their spending power will marginally increase, beer will be the same price, milk, loafs of bread, etc even strippers

1 Like

Hehehe…true. But if they go for imported goods for instance, too bad.

1 Like

How do you measure investor confidence? first, for most countries it is measured by how willing international bodies such as the World Bank, IMF et al are willing to give kenya money. so far kenya has recieved billions of dollars from these bodies in form of grants and loans, and unlike in the moi era where condition like the SAPs were imposed, now they dont have any condition, only that the funds be used for investment programs. secondly, investor confidence is measured by how government bonds trading in the international market are performing, and honestly, bonds by the kenya govt are performing way above average. take for example, the recent infrastructure bond, it was oversubscribed, the Kenya euro bond, it was also oversubscribed!!! investor confidence is high in kenya. the economy was also ranked among the top three highest growing economies in the world, not africa or Subsaharn africa. the research was not done by synovate or knbs :slight_smile: … we are headed somewhere if only politics would take a backseat and a surname is not the condition that influences your perspective on how the govt is performing. #my_two_cents

2 Likes

I though it was all about trusted economies. That’s why you have all this multi-million/multi-national companies and ngo’s headquartered in Nairobi. The repercussions of Kenya going Greek way would be huge … it just can’t be allowed… won’t happen. Kenya -regional - africa - global. No chance. You ass will get bailed out

1 Like