Kobello
JF-Expert Member
- Feb 20, 2011
- 8,637
- 7,919
Why don't you do us a favor and visit your central bank's website ..... I thought you knew what ur talkin about mayn!Can you please provide me with a link?
Why don't you do us a favor and visit your central bank's website ..... I thought you knew what ur talkin about mayn!Can you please provide me with a link?
Unataka tujadili budget za nchi za EAC basi leta hoja iliyokamilika, otherwise nachukulia hii hoja kama utani wa rejareja!
FJM,
Nairoberry anataka tu muingie kwenye ligi ya comparison kati ya TZ na Kenya...
wewe uliyeleta hii post nafikiri IQ yako ni chini ya 70! vinginevyo usingeweza kuleta kitu kama hicho! sasa Kenya ina uchumi mkubwa KWA SASA hapa AM na kila mtu anajua hilo, sasa iweje iwe ni jambo la ajabu kuwa na bajeti kubwa AM???
Ungeeleweka kama ingekuwa Rwanda ina bajeti kubwa AM basi tungekaa kujadili kwa maana sio kawaida, vinginevyo nafikiri wewe na ninaamini ni mkenya uko kama wakenya wenzako ambao mnakwenda shule kujifunza kiingereza na sio vinginevyo!
Business
Kenyas fragile economy at greater risk of a crisis than those of EAC neighbours
Kenya's economy is the most delicate in East Africa as the current account deficit continues to rise, the World Bank said on Monday, while warning that any external shock could trigger severe economic stress.
In its latest economic outlook report on Kenya titled Walking on a Tightrope, the World Bank says though the countrys economic growth was on track to hit 5 per cent in 2012, the countrys growth would continue to lag substantially behind that of its neighbours.
Kenyas growth outlook trends with the average for sub-Saharan Africa (5.5 per cent in 2012,and 5.6 per cent in 2013) but it is still below its faster neighbours, Tanzania (6.7 per cent), Uganda (6.2 per cent) and Rwanda (7.6 per cent), the bank says. Kenyas current account deficit the difference between the value of imports and exports has steadily widened over the past 10 years, with the countrys total exports only able to pay for 38 per cent of total imports today, compared with 65 per cent in 2003.
Last month, Kenya cut its 2012 economic growth projections to between 3.5 and 4.5 per cent from Aprils forecast of 5.2 per cent, citing inflationary pressure, high lending rates and political risks ahead of the General Elections, as well as the euro crisis in Europe. The Bank cites the same factors as some of the main challenges facing the Kenyan economy in 2012.
Kenyas economy is more vulnerable than ever to shocks, due to a large and widening current account deficit, which could reach more than 5 per cent of GDP in 2012. Another oil price shock, poor harvest, or an episode of domestic instability could easily create renewed economic turbulence, the Bank says.
With Kenya preparing to go to polls in March 2013, political risk, too, is expected to heighten. This situation is made worse by the tensions around the trial of four Kenyans at the International Criminal Court (ICC), a process sections of the government have been working to have stopped.
The steep rise in the countrys current account deficit has been fuelled by a surge in international oil prices and increased imports of consumer goods.
Oil prices have risen from an average of $30 per barrel in 2003 to the current average price of $100 per barrel.
The Economic Survey 2012 released by the Kenya National Bureau of Statistics and the Ministry of Planning last month showed the economy slowed from 5.8 per cent in 2010 to 4.4 per cent last year as key sectors including agriculture, energy, building and construction, manufacturing and financial services declined.
Growth was however recorded in other sectors including in the hospitality industry, real estate, tourism and fishing.
Growth in the Euro Zone and the UK, major importers of Kenyas agricultural produce, is projected to slow substantially, indicating the possibility of suppressed external demand.
Against this background, economic growth is likely to be subdued and is projected to grow at between 3.5 to 4.5 per cent in 2012, Planning Minister Wycliffe Oparanya said recently.
Kenya
Central bank | Bank of Uganda | |||||||||||||||||||||||||||||||||
International Reserves | US$ 2.838 billion (Source: World Bank; Data updated: November 2010) | |||||||||||||||||||||||||||||||||
Gross Domestic Product - GDP | US$ 19.399 billion (2010 estimate) | |||||||||||||||||||||||||||||||||
GDP (Purchasing Power Parity) | 48.918 billion of International dollars (2010 estimate) | |||||||||||||||||||||||||||||||||
Real GDP growth |
*Estimate | |||||||||||||||||||||||||||||||||
GDP per capita - current prices | US$ 532 (2010 estimate) | |||||||||||||||||||||||||||||||||
GDP per capita - PPP | $1,341 International Dollars (2010 estimate) | |||||||||||||||||||||||||||||||||
GDP (PPP) - share of world total |
**Forecast | |||||||||||||||||||||||||||||||||
GDP - composition by sector |
| |||||||||||||||||||||||||||||||||
Inflation |
|
*Estimate
| ||||||||||||||||||||||||||||||||
| | |||||||||||||||||||||||||||||||||
Central bank | Central Bank of Kenya | |||||||||||||||||||||||||||||||||
International Reserves | US$ 4.321 billion (Source: World Bank; Data updated: November 2010) | |||||||||||||||||||||||||||||||||
Gross Domestic Product - GDP | US$ 42.449 billion (2010 estimate) | |||||||||||||||||||||||||||||||||
GDP (Purchasing Power Parity) | 76.104 billion of International dollars (2010 estimate) | |||||||||||||||||||||||||||||||||
Real GDP growth |
*Estimate | |||||||||||||||||||||||||||||||||
GDP per capita - current prices | US$ 1,008 (2010 estimate) | |||||||||||||||||||||||||||||||||
GDP per capita - PPP | $1,808 International Dollars (2010 estimate) | |||||||||||||||||||||||||||||||||
GDP (PPP) - share of world total |
**Forecast | |||||||||||||||||||||||||||||||||
GDP - composition by sector |
| |||||||||||||||||||||||||||||||||
Inflation |
*Estimate | |||||||||||||||||||||||||||||||||
Unemployment rate |
*Estimate | |||||||||||||||||||||||||||||||||
Public debt (General government gross debt as a % of GDP) |
*Estimate | |||||||||||||||||||||||||||||||||
Public deficit (General government net lending/borrowing as a % of GDP) |
*Estimate **Forecast | |||||||||||||||||||||||||||||||||
Geza Ulole, you want to ammuse yourself while scribling questionable facts from your lofty-perch with Tanzania's economic growth quantam that is higher than kenya's (very true)...How about I shock you a little bit. The largest economy in the world US is growing at 2.8% in comparison to China's 10.2% and yet President OBAMA promised to turn around and accelerate high growth levels. Who is more of a failed state now?!!
I will put here data for all EA countries so as to know where the truth lies
Tanzania:
Uganda
Central bank Bank of Tanzania International Reserves US$ 3.905 billion (Source: World Bank; Data updated: November 2010) Gross Domestic Product - GDP US$ 24.858 billion (2010 estimate) GDP (Purchasing Power Parity) 68.862 billion of International dollars (2010 estimate) Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008 6% 7.2% 6.9% 7.8% 7.4% 6.7% 7.1% 7.3% 2009 20010 2011 2012* 6.7% 6.5% 6.7% 6.4%
*EstimateGDP per capita - current prices US$ 578 (2006 estimate) GDP per capita - PPP $1,601 International Dollars (2006 estimate) GDP (PPP) - share of world total
1980 1990 2000 2010 2015** 0.07% 0.07% 0.06% 0.08% 0.09%
**ForecastGDP - composition by sector
- agriculture: 27.8%
- industry: 24.2%
- services: 48% (2011 estimate)(Data released on February 2012)
Inflation
2009 2010 2011 2012* 11.8% 10.5% 7% 17.4%
*Estimate
2009 2010 2011 2012* N/A N/A N/A N/A
*EstimateHousehold saving rates N/A(Data released on December 2011) Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012* 35% 37.1% 39.9% 44.4% 47.7%
*EstimatePublic deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012** 0% -4.8% -7% -6% -6.4%
*Estimate **ForecastMarket value of publicly traded shares
2007 2008 2009 N/A US$1.293 billion N/A Largest companies in Tanzania N/A
Central bank Bank of Uganda International Reserves US$ 2.838 billion (Source: World Bank; Data updated: November 2010) Gross Domestic Product - GDP US$ 19.399 billion (2010 estimate) GDP (Purchasing Power Parity) 48.918 billion of International dollars (2010 estimate) Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008 5.2% 8.7% 6.5% 6.8% 6.3% 10.8% 8.4% 8.8% 2009 20010 2011 2012* 7.2% 5.9% 6.7% 4.2%
*EstimateGDP per capita - current prices US$ 532 (2010 estimate) GDP per capita - PPP $1,341 International Dollars (2010 estimate) GDP (PPP) - share of world total
1980 1990 2000 2010 2015** 0.03% 0.03% 0.04% 0.06% 0.06%
**ForecastGDP - composition by sector
- agriculture: 21.8%
- industry: 26.1%
- services: 52.1% (2011 estimate)(Data released on February 2012)
Inflation
2009 2010 2011 2012* 14.2% 9.4% 6.5% 23.4%
*Estimate
Kenya
Central bank Central Bank of Kenya International Reserves US$ 4.321 billion (Source: World Bank; Data updated: November 2010) Gross Domestic Product - GDP US$ 42.449 billion (2010 estimate)
GDP (Purchasing Power Parity) 76.104 billion of International dollars (2010 estimate) Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008 4.7% 0.3% 2.8% 4.6% 6% 6.3% 6.9% 1.5% 2009 20010 2011 2012* 2.6% 5.6% 5% 5.2%
*EstimateGDP per capita - current prices US$ 1,008 (2010 estimate) GDP per capita - PPP $1,808 International Dollars (2010 estimate) GDP (PPP) - share of world total
1980 1990 2000 2010 2015** 0.1% 0.11% 0.09% 0.09% 0.1%
**ForecastGDP - composition by sector
- agriculture: 22.2%
- industry: 16.4%
- services: 64.6% (2011 estimate)(Data released on February 2012)
Inflation
2009 2010 2011 2012* 10.6% 4.1% 14% 10.6%
*EstimateUnemployment rate
2009 2010 2011 2012* N/A N/A N/A N/A
*EstimatePublic debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012* 45.5% 47.6% 49.8% 48.9% 46.6%
*EstimatePublic deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012** -4.2% -5.2% -5.1% -4.1% -4%
*Estimate **Forecast
Geza Ulole I put that data specifically for you since your are interested in surgically exposing kenya's economic deficiency. In essense, I wanted you to see that Tanzania's services sector is crippled (actually the lowest in the region) coupled with a large and unresolved accumilation of public/government debt.
....................I wanted you to see how also inflations is on the rise in TZ upto 17% and still rising. There will be eventual effects of such steady inflation.
I was stating the fact the kenyan economy grows at an average low as compared to other EA states since most borrowing is done internaly as opposed to backing from donor funds.
.........................&17 billion was just a responsible budget from the Kenyan Finance minister. If he wanted he could have spent $80 billion. Kenya's source to fix the debts can be achieved from internal borrowing
Question is how will you plug your deficits since Tz's budget depends on mainstream donor funding?!!!
countries putting all other factors the same among the EA countries e.g. global oil prices and recessions et al ! if we decided to close the border i think urs would have even grew to over 30%
hehehe na wewe nyangau rudi shule ukamilishe darasa la saba upewe cheti chako cha degree
You stop at nothing to try and tear Kenya apart
Is that all u can say? when will u learn to have a useful conversation with critical facts? enhee everything to u is hating that country of urs! Go and sleep...!
Hahah r u serious? Tanzania's budget has least risks in the region that means more realistic! And this is according to the WB! did u read what i just posted! If we go according to the recent events, u can see those internal sources in ur country have dried up! and ur coming election even bring more risks plus uncertainties refer to the KQ's recent IPO that was under subscribed! BTW be thankfully towards us cause our inflation was highly attributed by ur food deficiencies up North since grains price doubled to trigger that high inflation though least compared to the other EA countries putting all other factors the same among the EA countries e.g. global oil prices and recessions et al ! if we decided to close the border i think urs would have even grew to over 30%