The interest rates on T-bills have fallen about 2 percentage points within 2 months yet they are over subscribed/applied.
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The interest rates on T-bills have fallen about 2 percentage points within 2 months yet they are over subscribed/applied.
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Kenyan with its loans from China must just have
[SIZE=7]A lot of liquidity in the market[/SIZE]
mnataka watu waweke pesa yao pengine wapi after kuuwa uchumi?
Acha serikali inukishe kitunguu pia. Seeking 24b and end up getting 35b… Hiyo si ni sure bet.
We should start loaning to small economies like Burundi, Tanzania & South Sudan
These are signs that businesses out there are performing dismally. Fear of investment.
Oversubscribed T-bills is nothing to celebrate about
watu hawakopeshi serikali kwa kupenda. uchumi iko mbaya. hakuna mahali unaweza wekeza pesa yako ii kenya sasa ivi upate returns za maana. watu hawana option.
And that’s where my second paragraph comes in. Treasury should find ways to fund infrastructure projects, peace building initiatives within the EAC through development loans and other financial instruments. These would tame the runaway liquidity within our borders while increasing mutual cooperation between the states.
In order for this to be possible, that bond would have to have very low interest, like 3 percent, so as to compete with Eurobonds which are usually 4 percent . I doubt many would agree to invest in such a bond, even with no tax. Europeans and Americans are able to end us cash because their central bank rates are on average, below 1 percent, so 4 percent means that they get four times more in lending to us.
That is not the case with us.
Also, if you think our government lacks accountability, , you do not know Burundi, Uganda and Tanzania. Only Rwanda can be trusted with our money.