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mob_pyru
@biscopablo
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But most currencies especially in third world countries have also devalued within the covid period.
@VinceMaples @DeItaone It devalued the dollar 7.5% against the rest of the world in just one year.
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@Kamanja_Kamau @ephraimnjegafan hio deni wamekuwa wakilipia interest payments na bond ikimature unarudishiwa principal amount. so wakibuy back with a better interest rate wanaavoid kulipa hio prinicipal payment ndio waendelee tu kulipa interest payment. principal payment huwa mingi kuliko interest payments.
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@Freak_onomics @ephraimnjegafan they are tryin to avoid paying 185bn of principal payment due by lengthening the period of interest payment but this time with a higher yield.
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@BlairTBO1 @ephraimnjegafan it is just an implied way of debt restructuring. Kenya is already facing a debt problem.
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@BlairTBO1 @ephraimnjegafan Not a good sign in that the government is avoiding paying the principal payment of 185bn by increasing the yield on the bond.
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@GrantBrooke lots of money supply in the public, brace for higher PCE numbers and higher for longer interest rates.
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@gwaniforlife @DangoteGroup a thing that prevents low price is the high energy costs in Nigeria. This is a unique problem facing nigeria
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@GrantBrooke there is a need to disincentivize political seats by lowering their salaries to reflect the realities in the private sector.
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@DanielRegha @DangoteGroup at 970 pms in nigeria is two times cheaper than Kenya. PMS in kenya is 2250NGN
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@AfroEconomicus @murithikenn1 to shift the market to a market system their is a urgent need to disincentivize our business people and innovators from joining politics. first is lowering the salary of politicians to reflect the reality in the private sector.
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@DiamondDk20 @AfroEconomicus i think the investor took credit to finance the project or the investor used his money but for the contract to lapse in time he has to make a return of a certain amount annually
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