Battle: Dar es Salaam vs Nairobi

[chongchung]

Kenya's finest city

🚮🚮🚮🚮🤮🤮🤮🤮


Chooni

 

[chongchung]

The only kipoison we so far have 🤣🤣🤣

 

[chongchung]

Mombasa thangs 🤣🤣🤣🤣

Kunyaland hakuna county ya kumcheka mwenzie 😂😂😂😂

Behold the level of poverty

 

[KENPAULITE]

Wacha kujipendekeza! When did u tell me? Hebu leta evidence!

Jus the other day we were havin this topic, najipendekeza kwani ur a chiq, fernandez himself claimed his biggest clientele are Kenyans, u knw we have a solid diaspora in Uk right

 

[chongchung]

Somali owns 70% of kunyaland

I don't care whether you accept the fact or not! 😏😒

 

[chongchung]

Poverty kingdom

 

[Nicxie]

Tanzania's behavior is exhibiting symptoms of paranoia schizophrenia, yaani imagining things that are none existence, or making issues out of non-issues. If an independent individual posts something on tweeter or does anything mentioning Tanzania, u imagine it is Kenya, and Kenya's gov't strategizing to bring down Tanzania, and I can tell Kenya's govt doesn't even give a damn about you., if a legislation is enforced that somewhat affects cross border trade, u always read mischief, intead of seeing politics(if u understand political science), which is the norm globally, mko na matatizo. On Maasais' issue, Kenyan govt hasn't bothered, only their leaders in Kenya and concerned groups expressed disapointment at mistreatment of the Maasais, which is in order because your gov't is evil and utterly wicked, the reason u are poor despite natural wealth, and u seem not to see this. Kindly direct your efforts at correcting the issues in Tanzanian leadership.

Well said 👏 👏

 

[KENPAULITE]

Mogadishu or Darfur?

Otea!
Dried and slummy
View attachment 2267593View attachment 2267594View attachment 2267595View attachment 2267596View attachment 2267597View attachment 2267598View attachment 2267600

Put some respec on my former school area, wilson airport, the busiest aerodrome in east and central africa, with 2 runways

 

[chongchung]

Famous Kunyaland food poverty state

 

[dopchinski]

Today being the 21st of June, the Sun is in its Northern most position ie. Tropic of Cancer. Today is the extreem Summer or the hottest day in the Northern Hemishere, and on the other hand, the extreem Winter in the Southern Hemisphere and hence the coldest day of the year. But whereas The Equator region seems to be in the Mid position, you still however find that it follows the pattern of the Southern Hemisphere, and hence in the EA region for instance, today is the coldest day of the year. Also note tht, today will have the shortest daytime hrs and the longest nighttime hrs of the year... if u didn't knw, now u knw...

i luv space science, and especially the existent of the two black holes, light-years away....!😍 E=MC². Albert Einstein was absolutely right, sure, and accurate about the two black holes, even before the technology to prove it came to being.... the guy was absolutely genius

 

[Mashashola]

Kuna fala aliweka picha ya uhuru park ati amepiga jana

wadanganyika wanatamani sana kuja Kenya. Ni kitu nimegundua hapa psychologically

 

[Sama boy 255]

Dah bongo ni taifa lililoendelea sana 🤣🤣 nimeshuka now kwenye basi kalii, nimeshukia hapa 👇

alafu muuni nachukua zangu mwendokasi niingie mitaani 👇

Kenya mtaviota tu vitu hivi usingizini 🤣🤣🤣 Don YF

 

[Nicxie]

Nikikumbuka nairobi niliyokuwa naiona kwenye mapicha iliyopambwa kwa nakshi za filters na niliyoina kwa macho yangu ni vitu viwili tofauti 👇👇👇

Is that Hazina Towers under construction in the background! 😃😃You are so desperate bongolala. Hii nayo ulipiga picha wewe wenyewe? 😂😂😂😂😂😂😂
Hazina Towers ikiwa bado linajengwa and you claim you took the photos yesterday or the day before yesterday? Look man, we've been telling you since day one that all these pictures you are downloading and posting here but you maintain upo Nairobi na umezipiga mwenyewe. Ona sasa unavyojiaibis!ha

Unatamani sana kufika Nairobi wewe kilaza. Ujenzi wa Hazina Towers ilikamilika almost two years ago

 

[Nicxie]

Kwamba jinsi ukabila unavyotangazwa Kama karata muhimu ya kuvutia kura, Kuna uwezekano mkubwa PEV ya 2007 ikajirudia

Sent from my itel L5007 using JamiiForums mobile app

Prophets of doom 😂 😂
Mnatamani sana Mibongolala, sio? Ndio mtupiku kiuchumi? 😂

 

[Nicxie]

Omera unafeli wapi,nipo njiani narudi town nimeachana na hayo mabanda yenu👇👇

Download master. Utafika tu Nairobi siku moja usijali

Kwamba hii picha ulipiga wewe mwenyewe ukiwa Nairobi jana/juzi! 😂 😂

 

[dopchinski]

Kwa hiyo tower moja au .? 🤣🤣

tower moja mpaka sangapi. wee unaona ghorofa ngapi hapa eldy👇🏽

nb: bongo mzima hakuna city imetulia na taratibu kama eldoret.. hiyo nayo lazma kieleweke..

 

[coodip1]

Tulisema humu ndani KES is heavily under management by CBK pia MF and WB walisema KES is overvalued and somehow managed tukaonekana tuna wivu haya sasa semeni wenyewe.

CBK asked to devalue currency

The foreign exchange interbank market has been dysfunctional during this time.

www.the-star.co.ke

CBK asked to devalue currency

the-star.co.ke

Jun 21, 2022 10:25 AM

The foreign exchange interbank market has been dysfunctional during this time.

I have spent over 24 years of my professional life dealing with foreign exchange in Kenya, Dubai and Singapore.

The current FX issues in Kenya have been going on for nearly two years.

The foreign exchange interbank market has been dysfunctional during this time.
In such an environment the only source of dollars for commercial banks is via either exporters selling to them or the Central Bank of Kenya(CBK) selling their foreign exchange reserves to them.

However, CBK is fixated with the KES1 screen price and doesn’t allow commercial banks to buy dollars from exporters at rates above the official screen price which is currently around 116.
However, banks can sell dollars to importers at whatever level they like, which is currently between 122-123.

Hence, why would an exporter agree to sell dollars to a commercial bank at levels of 115-116 when they know importers are buying above 122. Thus, they will rightly hoard their dollars.
Think of it differently from a perspective of a foreign portfolio investor who would want to buy a stock or bond in Kenya. Why would he want to invest in Kenya if he brings his money in at 115/116 and straight away loses money because he can only exit the market at 122/123.

This is why it’s not surprising that foreign investors didn’t invest in this week’s infrastructure bond and also why Safaricom's share price is tanking.

Make no mistake, the current rise in Eurobond yields is also partially driven by negative sentiment on the dollar shortage situation in addition to debt restructuring concerns.
With regards to why the Central Bank is not selling dollars into the market, it either has to do with the governments upcoming bloated dollar debt repayments or IMF restrictions under their current ECF program or both.

But more importantly, the issue now in the FX market seems to have moved away from a pricing and liquidity issue, to a crisis of confidence. Hence, no amount of Central Bank intervention will work at this stage as most of the market will eagerly be awaiting to buy all these dollars as soon as they reach the market.

The only solution right now is to devalue the currency to a level that would make it compelling for exporters that are hoarding to sell their dollars into the market.
This could start with unifying the two exchange rates in the market. However, even if this devaluation to unify these two FX rates takes place, the Central Bank should prioritize improving the functionality of the FX interbank market.

Otherwise it’ll just be a dog trying to chase his own tail. It’s broadly clear that the FX interbank market has broken down due to the central banks ‘heavy hand’ on the shilling and intimidation of commercial banks.
If something doesn’t change quickly, Kenya is heading the Nigeria route and private investment will be withdrawn.
Already, we are seeing companies such as Kapa and Pwani Oil shut down, but many others will follow suit if this issue is not tackled head on.
Companies that rely on imports of raw materials have defaulted to their international suppliers while others have already begun Dollarization of their receivables. This is how private enterprise dies.

We’ve seen it in Zimbabwe and Ethiopia. Sadly, the recent press conference from the CBK was an abomination to say the least.
The Central Bank Governor's failure to answer journalists questions on the Dollar shortage matter was shocking. Indeed, a Central Bank's main aim is to manage expectations of the public by developing robust credibility.
This is largely achieved by communicating with the public and being transparent.
The Governor let himself and the Central Bank down last week by being evasive on a matter that is impacting the livelihoods of so many Kenyans.

It’s also shocking that nobody from the Executive has intervened in the matter despite the vocal calling out from the private sector lobbies such as KAM and KEPSA.
Clearly they’re too busy with the upcoming elections in August.
However, if the dollar shortage issue is not urgently addressed, there will be no economy for the new President to manage in a few months time.

 

[Nicxie]

Ruaka on the outskirts of Nairobi. Dar itafika tu siku moja

 

[Mashashola]

Sad news from down south

 

[Tony254]

@Tony254 Magufuli has gone, the one who was 100% responsible for poor relationship between Tanzania and Kenya, Mama Samia has shown and done everything possible to make sure trade is done smoothly between these two countries, but saga continues, as usual always Kenya starts these problems, what is your conclusion?

Sent from my itel L5007 using JamiiForums mobile app

joto la jiwe badala ya kuruka ruka ungekaa chini uchunguze chanzo cha hili tatizo. Tanzania ndio ime-introduce export license kwa yeyote anayetaka kuexport mahindi kutoka Tanzania kuelekea nchi nyingine. Sasa huu ujinga wa kuintroduce export license ni a form of trade barrier. Badala ya nyinyi kupunguza vikwazo vya kibiashara, mnazidi kuyaongeza. Sasa kulikuwa na ulazima gani wa mama Samia kuleta huu upuuzi wa export license?