Battle: Dar es Salaam vs Nairobi

[The best 007]

Huyu c yule mlevi huyu au macho yangu

 

[LURIGA]

Kenya hakuna sgr ww wacha uongo, kwa ukanda huu sgr ipo Tz na Ethiopia tu.

I see ile ya Kenya siyo SGR bali ni meter gauge railway iliyoboreshwa. Maana hata meter gauge yetu iliyoboreshwa sasa hivi treni zinaweza kwenda hadi 70/80 km per hour na pia zinatumia diesel na behewa zake hazina tofauti sana na hizo za Kenya. Sasa hiyo meter gauge yetu ina tofauti gani na hiyo SGR yao! Ndio maana nikasema SGR ya Kenya ni meter gauge rail iliyoboreshwa!

 

[ichoboy01]

Hiyo terminus inakaa choo za pale Nairobi sgr station, hahaha

endelea kujipa matumaini hayo hayo huku 💉💉💉💉 zikiingia vyema

 

[tuusan]

timu watembeza bakuli

 

[Geza Ulole]

Fitch downgrades KCB’s credit rating to negative


WEDNESDAY JULY 08 2020

Customers wait to be served in the banking hall at the KCB Kencom branch in Nairobi. FILE PHOTO | REUTERS

Summary

• Global rating agency Fitch has downgraded KCB Bank’s creditworthiness from stable to negative.
• According to Fitch, KCB Group’s viability rating reflects a challenging operating environment and weak asset quality balanced against a leading domestic franchise and strong profitability, capitalisation, and funding and liquidity.

By JAMES ANYANZWA
More by this Author

Global rating agency Fitch has downgraded KCB Bank’s creditworthiness from stable to negative.

This is informed by the expected pressure on the lender’s loan repayment capacity due to the adverse effects of the Covid-19 pandemic and the possibility of limited State support due to the country’s deteriorating economic conditions.

“Fitch Ratings has revised the outlook on KCB Bank Kenya’s Long-term Issuer Default Rating (IDR) of ‘B+’ and National Long-Term Rating of ‘AA (ken)’ to Negative from Stable,” the agency said in a statement dated July 6, 2020.

“The negative outlook on the Long-Term IDRs reflect expected pressure on KCB Group’s and KCB Bank’s creditworthiness stemming from the economic impact of coronavirus pandemic and the resulting financial profile impact,” said the rating agency.

KCB’s stock on the Nairobi Securities Exchange (NSE) declined 1.14 percent to Ksh34.65 ($0.34) per share on Monday (July 6).

Last month, the agency revised the Outlook on Kenya's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from Stable and affirmed the IDR at 'B+', based on the premise that the coronavirus shock will drive a sharp economic slowdown and deterioration in the budget deficit and government debt-to-gross domestic product (debt/GDP) ratio in 2020, against a background of a weak track record of fiscal consolidation.

Fitch forecasts Kenya's GDP growth to slow to one percent this year, as the slowdown in global trade and services impact the country’s export and tourism sectors.

“We expect more than a 30 percent fall in Kenya's agribusiness exports, including horticulture, tea and coffee, which accounted for approximately 3 percent of GDP in 2019,” according to the agency.

“Likewise, we expect a 20 percent to 40 percent fall in travel receipts and remittances, which had risen to comprise a total 4.3 percent of GDP in 2019.”

According to Fitch, KCB Group’s viability rating reflects a challenging operating environment and weak asset quality balanced against a leading domestic franchise and strong profitability, capitalisation, and funding and liquidity.

Fitch noted that KCB Group’s asset quality has weakened following consolidation of National Bank’s problem loan book.

The regional lender recorded eight percent growth in net profit during the three months to March 31, 2020 helped by the improved performance of its regional subsidiaries and the newly acquired National Bank of Kenya (NBK).

The group’s profit after tax rose to Ksh6.26 billion ($62.6 million) from Ksh5.77 billion ($57.7 million) in the same period last year.

However, the bank, which has operations in Kenya, Uganda, Tanzania, Rwanda, Burundi and South Sudan, says its growth outlook in the whole of this year is not promising largely due to the expected impact on revenues by the Covid-19 pandemic.

“We expect performance in the next two quarters to be impacted as the crisis is affecting the ability of customers to service their loans and reducing the demand for credit. We have taken measures to conserve out capital, manage costs and keep a keen eye on liquidity,” said Joshua Oigara, the Group Chief Executive.

Fitch downgrades KCB’s credit rating to negative

 

[ichoboy01]

vitu hua hawazungumzi humu

 

[Papi Chulo]

Maendeleo au vitu ambavyo tulifanya tayari
Hzo expressway itawachukua sijui miaka mingapi kuzipata

Expressway yenyewe mnajengewa na mchina,na anaimiliki for 30 years net..🤣🤣😀😀

 

[ichoboy01]

huruma sana aisee dahh 👇👇👇

 

[Papi Chulo]

Wakenya nchi mnajengewa laiti kama mngekuwa mnajenga wenyewe aisee kenya ingekuwa kama burundi


Hakuna kitu mnachoweza kufanya wenyewe,kila kitu mnafanyiwa..lazy boys indeed

 

[ichoboy01]

Wakenya nchi mnajengewa laiti kama mngekuwa mnajenga wenyewe aisee kenya ingekuwa kama burundi


Hakuna kitu mnachoweza kufanya wenyewe,kila kitu mnafanyiwa..lazy boys indeed

uchumi kwisha bro sasa wananza kuuza nchi taratibu 😂😂 wameanza na SGR jamaa wataendesha 40yrs alaf ikaja lamu port another white elephant bado thika highway ni mkopo wanalipa mpaka kesho kutwa 😀😀

 

[mkorinto]

uchumi kwisha bro sasa wananza kuuza nchi taratibu wameanza na SGR jamaa wataendesha 40yrs alaf ikaja lamu port another white elephant bado thika highway ni mkopo wanalipa mpaka kesho kutwa

ajabu bado wanaongeza.

uhuru huyu anaiuza nchi.

 

[Simon]

Wakenya msishtuke.. pic ya kuokotwa hii

 

[Geza Ulole]

 

[Geza Ulole]

 

[ichoboy01]

ajabu bado wanaongeza.

uhuru huyu anaiuza nchi.

kashaanza kuuza mbona 😂😂😂

 

[Nicxie]

onesha tuone kama ww mwanaume kweli 😂😂😂😂

a sipo onyesha maana yake unamwambia yeye ni sawa na kuwa mwanamke

This must be so painful 😂 😂 😂

 

[komora096]

Expressway yenyewe mnajengewa na mchina,na anaimiliki for 30 years net..

Bwahaha!!mtasubiria sana mpewe wadhifa km huo..

 

[komora096]

Vitu gn hvyo mlivyofanya tayari? Treni za umeme au bwawa kubwa la kisasa la umeme au matanki makubwa ya kuhifadhia maji au stendi kubwa za kisasa? Ebu kuwa specific unaongelea maendeleo gn mliyofanya mpk mseme hamuhitaji maendeleo tena au mlishamaliza kujenga ferries au tayari mna meli za kisasa pale Mombasa? au BRT? au mshamaliza kujenga masoko ya kisasa nchi nzima? Je mna maghala makubwa ya kutosha kuhifadhi chakula? Hebu tuambie chang'aa inakuisha pale unapokuja kugundua hayo yote niliyoyataja yapo Tz ila kenya hamna, kweli Tz baba laooo

Mabwawa ya umeme hatukuanza juzi, km ni matanki hatukuanza jana ku install
Sgr ni sgr na tuliwatangulia
Eti sijui flyovers tulipita kitambo, ndege pia vile vile..foot bridge pia tuliqatangulia, highways vile vile..

So msijione eti mna maendeleo kibao basi eti na sisi lazima tufanye, never.. vitu vingi tulishafanya kitambo

Tena huku kwetu vimeshaanza kufanya kazi tayri...
Kwhyo hatuwezi fanana hata siku moja

 

[kikihboy]

Evidence we are the best in health care

 

[Simon]

afu mtu anasema hakuna faida ya kujengwa masoko ya madini na kuanzishwa kwa viwanda vya kusafisha madini nchini