Battle: Dar es Salaam vs Nairobi

Battle: Dar es Salaam vs Nairobi

concordile 101 said:
remittances can't be classified as export revenue because they are transfers of income, not payments for goods or services produced within the country, and are classified under the Current Account (transfers) rather than the Trade Account (exports) of the Balance of Payments. While remittances are a top foreign exchange source ,they represent personal income sent by diaspora citizens, not revenue from selling tea, coffee, or manufactured
Exports must be goods or services produced within Kenya and exported .

Na ndio maana huwez zikuta kwenye account ya trade account sababu ni hazihusiani na biashara.
Shida elimu ya biashara kwenu ni mtihani.
Transfer haiwezi kamwe kuwa earning kutokana na biashara.
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Sasa wewe ndio unajua kuliko CBK sio?

Diaspora Remittances


A remittance is money sent by a person in a foreign land to his or her home country. Due to the huge sums involved, remittances are now being recognised as an important contributor to the country’s growth and development.

The Central Bank of Kenya conducts a survey on remittance inflows every month through formal channels that include commercial banks and other authorised international remittances service providers in Kenya.

Diaspora Remittances | CBK

www.centralbank.go.ke www.centralbank.go.ke
 
nairobae said:
Bongoslum forex reserve is at $6.2billion while Kenya is at $13.6 billion. Hio $1.5 billion yako umetoa wapi?
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Uwe unaelewa .
 
nairobae said:
Ndio maana nilisema unabishana hata vitu huelewi. FDI is not counted as a forex earner, so why bring it up on this discussion?
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Sio Kila pesa inayotoka nje ni export Buda mtafute accountant yoyote akufundishe tofauti ya transfers na revenue . Remittances ni transfers zinatokana na kufanya utumwa huko ughaibuni na ndo maana huzikuti kwenye trade account
 
nairobae said:
Sasa wewe ndio unajua kuliko CBK sio?

Diaspora Remittances


A remittance is money sent by a person in a foreign land to his or her home country. Due to the huge sums involved, remittances are now being recognised as an important contributor to the country’s growth and development.

The Central Bank of Kenya conducts a survey on remittance inflows every month through formal channels that include commercial banks and other authorised international remittances service providers in Kenya.

Diaspora Remittances | CBK

www.centralbank.go.ke www.centralbank.go.ke
Click to expand...

Wapi wamesema inatokana na exports ? 🤣🤣🤣
Hiyo ni pesa ya kutumwa tu, haitokani na exports ya goods and services.
Tofautisha revenue na transfers
 
concordile 101 said:
Sio Kila pesa inayotoka nje ni export Buda mtafute accountant yoyote akufundishe tofauti ya transfers na revenue . Remittances ni transfers zinatokana na kufanya utumwa huko ughaibuni na ndo maana huzikuti kwenye trade account
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Remittance inahesabiwa kama foreign earner that's why the data is released by CBK pamoja na data ya exports. Ama unadhani CBK hua wanaguess hizo numbers? Hio ni pesa imepita kwao. Usiwe mjinga.
 
concordile 101 said:
Wapi wamesema inatokana na exports ? 🤣🤣🤣
Hiyo ni pesa ya kutumwa tu, haitokani na exports ya goods and services.
Tofautisha revenue na transfers
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Remittance is the highest foreign earner in Kenya and East Africa, surpassing gold, tea, tourism and any other goods and service that you can think of. Itabidii uzoee.
 
nairobae said:
Remittance inahesabiwa kama foreign earner that's why the data is released by CBK pamoja na data ya exports. Ama unadhani CBK hua wanaguess hizo numbers? Hio ni pesa imepita kwao. Usiwe mjinga.
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Unajua financial information yoyote inapatikana kwenye financial statements ?
Remittances are not classified as either “earnings” or “revenue” in the standard accounting sense.
They are better understood as transfer inflows, usually from individuals abroad to households or, at a macroeconomic level, to a country. The classification depends on the context:
At the household level, remittances are income for the recipient family, but not “revenue” because revenue is a term used for business operations. For households, they are treated as transfers or income, not generated through production or sales.
Hii inawasaidia tu kuongeza usd mtaani ila in economic sense sio mapato.
Shida yenu uelewa mdogo sana kwenye issue za finance
 
concordile 101 said:
Unajua financial information yoyote inapatikana kwenye financial statements ?
Remittances are not classified as either “earnings” or “revenue” in the standard accounting sense.
They are better understood as transfer inflows, usually from individuals abroad to households or, at a macroeconomic level, to a country. The classification depends on the context:
At the household level, remittances are income for the recipient family, but not “revenue” because revenue is a term used for business operations. For households, they are treated as transfers or income, not generated through production or sales.
Hii inawasaidia tu kuongeza usd mtaani ila in economic sense sio mapato.
Shida yenu uelewa mdogo sana kwenye issue za finance
Click to expand...
Wacha kuandika a lot of nothing, the issue was about forex earnings.
 
nairobae said:
Remittance is the highest foreign earner in Kenya and East Africa, surpassing gold, tea, tourism and any other goods and service that you can think of. Itabidii uzoee.
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Hazina economic benefits kama export of commodities na ndo maana hata kadri siku zinavyoenda Nairobi inazidiwa kuzidiwa kwenye osr na dar, sababu uchumi wenu umetengenezwa kutumia sio kuzalisha wakat Tanzania ni exported oriented hence tends to produce more products in all sectors


Exports are produced through domestic economic activity—goods and services are created using labor, capital, and technology, then sold abroad. This process directly supports production, employment, tax revenue, and industrial development. It also strengthens sectors such as manufacturing and agriculture, creating spillover effects in the economy.

Remittances, by contrast, are transfers of income from individuals working abroad. They do not originate from domestic production, and therefore do not directly expand domestic output (GDP). They can increase consumption and improve household welfare, but they do not necessarily build productive capacity.

Key economic differences:
1. Production impact
Exports require production within the country, which drives GDP growth. Remittances do not involve domestic production.

2.Employment creation
Export industries create jobs locally. Remittances may support consumption, but they do not inherently create employment unless invested productively.

3. Fiscal linkages
Export activity generates tax revenue (corporate tax, VAT, payroll taxes). Remittances are generally not taxed at the point of inflow and therefore contribute less directly to government revenue.

4. Sustainability and volatility
Export growth is linked to domestic competitiveness and can scale with industrial policy. Remittances depend on external labor markets and migration conditions, which are less controllable by the home country.

5. Development impact
While remittances can reduce poverty and support education or small businesses, their impact depends on how they are used. If mainly spent on consumption, the long-term productive effect is limited compared to export-driven growth.
 
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