Battle: Dar es Salaam vs Nairobi

[Geza Ulole]

ona aibu hii inayowakumba na ukiwaambia ukweli wanakasirika na matusi juu🤣🤣🤣 dunia ya leo utamdanganya nani kwa source za kupikapika ovyo tu

Mwisho wa ubaya aibu 😆😆😆

Hamna mtu ananunua maua na chai saahii!

 

[ichoboy01]

Tanzania ni mabibi zetu, lazima waturudishie pesa ya kununa mahindi yao

🤣🤣🤣🤣🤣🤣
Ukiwa muongo usiwe msahaulifu

 

[chongchung]

Nchi haina hata pesa za kununua chakula lakini wana uwezo wa kutuma jeshi DRC ambalo limeshindwa kudhibiti bandits na huoni wakenya wakihoji

 

[ichoboy01]

Nchi haina hata pesa za kununua chakula lakini wana uwezo wa kutuma jeshi DRC ambalo limeshindwa kudhibiti bandits na huoni wakenya wakihoji

Wanaenda DRC ili wapewe pesa na mabwana zao lakini wale bandits wako kwa ajili ya maslahi ya politicians 🤣🤣🤣🤣 nchi imelaaniwa hii kaah

 

[The best 007]

Ni sawa unajua kwann imejengwa 2008 and now ni 2023 unataka kunambia thamani ya kujenga meli 2008 ni sawa na kujenga leo alaf ilikua ni bid na nyinyi mukashinda kwa bei ya chini kuliko wengine sasa ulitaka tuwanyimie [emoji1787][emoji1787][emoji1787] sisi hatuna roho mbaya kama zenu wala hatuna wivu na kenya
Hakuna pesa mutarudisha hapo kwanza hio repair yake tu mutajuta nakwambia [emoji1787][emoji1787][emoji1787] nyinyi sindio mumetoa bei ya chini kabisa sasa tunasubiri baada ya 6months

Mm sitopanda huo mtumbwi, usije ukazama na mm nikiwemo humo. Nashauri hao waliocheza hilo dili ili wapate 10% wafikirie maisha ya watanzania na sio vipesa vidogovidogo, Kenya sio nchi ya kupeleka hata baiskeli ikatengenezwe, hawana ma engineer wale jamaa, hakuna elimu bora kule hususan elimu ya sayansi na teknolojia hakuna kule, wao masomo yao ni ya arts. Waurudishe huo mtumbwi wampe Songoro hata kama bei yake ni kubwa.

 

[TEMLO DA VINCA]

ona aibu hii inayowakumba na ukiwaambia ukweli wanakasirika na matusi juu[emoji1787][emoji1787][emoji1787] dunia ya leo utamdanganya nani kwa source za kupikapika ovyo tu

Mwisho wa ubaya aibu [emoji38][emoji38][emoji38]

Hapa ndio tunajua sasa nan anacontrol uchumi wa mwenzake maana hata remittance nying wanatoa kwetu, chakula kwetu,
Bila tz kenya wanaweza kujikuta wamekufa[emoji1787][emoji1787][emoji1787][emoji1787]

 

[Geza Ulole]

Kenyan government pressed to pay $94m Kenya Airways debt​

FRIDAY MARCH 03 2023​

The Kenyan government is racing against time to pay $94 million as part of a loan lent to Kenya Airways six years ago. PHOTO | FILE | NMG

​

Summary​

• The Kenyan Treasury has a 48.9 percent stake in Kenya Airways.
• The Treasury expected to have completed the KQ debt in the 2026/27 fiscal year.
• The weakening of Kenyan shilling has hurt the scores profitability of companies.

By BUSINESS DAILY
More by this Author

The Kenyan government is racing against time to pay KSh12 billion ($94 million) as part of a loan lent to Kenya Airways six years ago.

The Kenyan Treasury's disclosures tabled in parliament show that KSh2.8 billion ($22.9 million) has been paid to the US Exim Bank against KSh14.8 billion ($118.1 million) due in the current financial year ending June.

The government is expected to shoulder the heavy burden of settling the national carrier’s debt which it guaranteed after the company’s losses left it unable to pay its loans.

“In the 2022/23 financial year, $118.1 million (KSh14.8 billion) is due for payment of which $22.9 million (KSh2.8 billion) has already been paid,” Kenyan Treasury said in a report tabled before Parliament.

The balance comes at a time when the US lender slapped the Kenyan Treasury with a default notice in December last year amid a cash crunch occasioned by the servicing of Chinese debt.

A huge chunk of the national debt servicing goes to Beijing for loans that the Kenyan Government tapped to fund infrastructure projects like the Standard Gauge Railway.

The Treasury has a controlling 48.9 percent stake in Kenya Airways which it has been bailing out over the years amid losses from its passenger and cargo operations.

KQ, as the carrier is known by its international code, originally had loans amounting to $842 million (KSh74 billion at an exchange rate of 88) of which the government guaranteed portion to Exim Bank USA was $525 million (KSh46.2 billion).

The guarantee was approved by Kenyan Parliament in 2017.

Debt repayment completion​

Part of the debt had been over time and the outstanding balance as of December stood at $462.5 million (KSh58.9 billion at current exchange rates).

The treasury is expected to have completed the guaranteed KQ debt in the 2026/27 fiscal year and the money it will have spent will be reflected as shareholder loans to the struggling carrier.

“The loan was expected to be fully serviced by the end of full-year 2026/27, after which the government as per section 61 of the Public Finance Management Act would recover the sums of money paid, as shareholder loans,” treasury said.

KQ narrowed its loss in the half year ended June 2022 to KSh9.8 billion ($77 million) from the KSh11.48 billion ($90 million) loss it recorded in a similar period the previous year.

The company has issued a profit warning for the year ended December 2022, citing foreign exchange losses that are anticipated to overshadow revenue growth. This means that the NSE-listed firm will post a larger loss in the review period, having recorded a net loss of KSh15.8 billion ($124 million) in the previous year.

The weakening of the Kenyan shilling has hurt the profitability of scores of companies by, for instance, inflating their liabilities denominated on foreign currencies. Negative foreign exchange movements can also diminish the value of sales made outside Kenya.

Kenyan government pressed to pay $94m Kenya Airways debt

KQ originally had $842 million loan of which the Kenyan government guaranteed Exim Bank USA $525 million.

www.theeastafrican.co.ke

 

[coodip1]

These people are jokers. Vituko kila kona [emoji2] [emoji3] [emoji1]

 

[MK254]

Ni sawa unajua kwann imejengwa 2008 and now ni 2023 unataka kunambia thamani ya kujenga meli 2008 ni sawa na kujenga leo alaf ilikua ni bid na nyinyi mukashinda kwa bei ya chini kuliko wengine sasa ulitaka tuwanyimie 🤣🤣🤣 sisi hatuna roho mbaya kama zenu wala hatuna wivu na kenya
Hakuna pesa mutarudisha hapo kwanza hio repair yake tu mutajuta nakwambia 🤣🤣🤣 nyinyi sindio mumetoa bei ya chini kabisa sasa tunasubiri baada ya 6months

Mbona unateseka kuandika liinsha lote hili, hakuan anayesoma, kimsingi nilifikisha ujumbe...

 

[joto la jiwe]

Ni sawa unajua kwann imejengwa 2008 and now ni 2023 unataka kunambia thamani ya kujenga meli 2008 ni sawa na kujenga leo alaf ilikua ni bid na nyinyi mukashinda kwa bei ya chini kuliko wengine sasa ulitaka tuwanyimie [emoji1787][emoji1787][emoji1787] sisi hatuna roho mbaya kama zenu wala hatuna wivu na kenya
Hakuna pesa mutarudisha hapo kwanza hio repair yake tu mutajuta nakwambia [emoji1787][emoji1787][emoji1787] nyinyi sindio mumetoa bei ya chini kabisa sasa tunasubiri baada ya 6months

Raper Rick Ross alinunua Nyumba kwa Tsh. 13B, ameikarabati kwa Tsh 11B, huu ni ufisadi mkubwa Sana[emoji23][emoji23]

 

[ChoiceVariable]

Mjumbe hauwawi, Rostam alikuwa hana namna zaidi ya kuwekeza Kunyaland maana Tanzania ingekuwa na soko kubwa asingeenda huko.94% ? 🙄🙄

 

[mwathadan]

 

[Geza Ulole]

 

[Geza Ulole]

 

[joto la jiwe]

Mjumbe hauwawi, Rostam alikuwa hana namna zaidi ya kuwekeza Kunyaland maana Tanzania ingekuwa na soko kubwa asingeenda huko.94% ? [emoji849][emoji849]

Mkuu, kwahiyo Volkswagen kuwekeza Rwanda ni kwasababu Ujerumani hakuna soko kubwa?.

Makampuni ya Kenya zaidi ya 500 kuja kuwekeza Tanzania, maana yake Kenya hakuna soko?

 

[ChoiceVariable]

Mkuu, kwahiyo Volkswagen kuwekeza Rwanda ni kwasababu Ujerumani hakuna soko kubwa?

Soko la Kenya na Nchi jirani sio soko la Rwanda

 

[ChoiceVariable]

👏👏

 

[babayao255]

Mkuu, kwahiyo Volkswagen kuwekeza Rwanda ni kwasababu Ujerumani hakuna soko kubwa?.

Makampuni ya Kenya zaidi ya 500 kuja kuwekeza Tanzania, maana yake Kenya hakuna soko?

Dangote Cement kuwekeza Tanzania ina maana na kule Nigeria hakuna soko la saruji! [emoji23][emoji23][emoji23]

 

[Mashashola]

Tz ni shamba la Kenya la kulima na kuvuna

KCB to open 12 new outlets in Kenya and Tanzania

KCB Group is set to open 12 new branches in Kenya and Tanzania this year.

www.businessdailyafrica.com

 

[ChoiceVariable]