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Edwin H. Dande
@ehdande
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Fair, balanced and insightful analysis.
Nairobi, Kenya
Joined October 2014
- “The information required to make economic decisions is distributed among millions of individuals; no central authority can effectively collect and act on all of this information as efficiently as a free market. - In a planned economy, a small group of people must make decisions for the whole society, thereby replacing the multiple, decentralised decisions of free individuals. - Hayek dismisses the notion that only "bad people" lead to the failure of centralised systems; rather, he emphasises that the system itself is flawed.”
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@jjmakori Hi @jjmakori thanks for the support. @CytonnInvest will revert shortly. It will be sorted.
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@JohnGachiri @mytradesignals @retrakenya Thanks for the feeeback.. that’s part of the reason we our info here. For feedback
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@DrAbdiissa011 You say so just because you are from the community. Most communities also feel left out and or targeted. The key issue is that we don’t have a cohesive national idea and values of what it means to be Kenyan. That’s what we need to fix
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In our Cytonn Report this week, we analyzed the performance of Kenya’s Equities, Fixed Income, and Real Estate markets for the ended week, with a special focus on review of Real Estate Investments Trusts (REITs) in Kenya. Below are the highlights.; a) Fixed Income: During the week, T-bills were oversubscribed, with the overall subscription rate coming in at 296.6%, a reversal from the subscription rate of 56.1% recorded the previous week. Investors’ preference for the shorter 91-day paper persisted, with the paper receiving bids worth Kshs 10.0 bn against the offered Kshs 4.0 bn, translating to an oversubscription rate of 250.0% significantly higher than the undersubscription rate of 61.6% recorded the previous week. The subscription rates for the 182-day and 364-day papers increased to 240.0% and 371.9% respectively, from the 28.6% and 81.3% recorded the previous week. The government accepted a total of Kshs 59.7bn worth of bids out of Kshs 71.2 bn bids received, translating to an acceptance rate of 83.9%.The yields on the government papers were on a downward trajectory with the yields on the 364-day paper decreasing the most by 55.5 bps to 10.8% from 11.3% recorded the previous week, while the yields on the 182-day and 91-day papers decreased by 50.9 bps and 40.6 bps respectively to 9.5% and 9.1% from 10.0% and 9.5% respectively recorded the previous week; During the week, the government announced its first-ever domestic treasury bond buyback aiming to buyback Kshs 50.0 bn of Kshs 185.1 bn for the FXD1/2020/005, FXD1/2022/003 and IFB1/2016/009 with tenors to maturity of 0.4 years, 0.3 years and 0.4 years respectively, and fixed coupon rates of 11.7%, 11.8% and 12.5% respectively. The total outstanding amounts for the FXD1/2020/005, FXD1/2022/003 and IFB1/2016/009 are Kshs 104.5 bn, Kshs 60.6 bn and Kshs 19.9 bn each respectively. The period of the buy-back opened on 7th February 2025 and will close on 17th February 2025 with a settlement date of 19th February 2025. Our expectation is that the bond buyback will be undersubscribed, given the remaining short-term tenors to maturity of the bonds, as most investors may prefer to wait till maturity rather than sell at a potential discount. Additionally, if the government’s buyback price is not attractive then investors may prefer not sell leading to an undersubscription; Click the link below to read the Cytonn Weekly report: Click the link below to subscribe to our Weekly Report:
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@HonMosiria The location is obviously unacceptable in a residential neighborhood. And moral argument about strip clubs is easy to see. But since we are nation of laws, it’s not clear operating a strip club offends what law? Educate us.
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Decided to dig a little bit more about @EverstrongCptl, some thoughts: 1. What I like is the openness and transparency in @UsahihiNME discussions… unlike the opaque Adani JKIA deal, we can follow things as they happen. You can see the faces, the meetings and stage of the deal. Corruption is our #2 challenge, (after lack of a cohesive value based national identity). It does not look like our national hobby of corruption will flourish here. 2. Also like that it has characters with a strong track record 3. But what I am not liking is that it is light in track record and funding depth. Other than two deals - seal towers and gulf power, whose deal value is not disclosed, it’s track record and funding depth not too clear. Does NOT mean it’s an issue, it would just be good to have better visibility on who they are, and where money is to come from, given our constitutional value of open, transparent and accountable in conduct of public affairs. Introduce yourself to the Kenyan public.
Great development to see a western company play in Kenya infrastructure. Too much facing east has brought us substandard infra, without skills or values transfer, and laced with kickbacks. It would be very beneficial to Kenya to see more western entities participate in infra. 1. Better standards 2. Skills transfer 3. Values transfer - transparent and accountable way of doing business. 4. Kenyans are fed up of Adanj style opaque deals.
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@joshuamalidzo , I may have not clarity about @ahmednasirlaw’s real intention, but I am with the @Kenyajudiciary reform agenda to the extent of removing corrupt judges, but not collective punishment. Specifically: 1. I am yet to see any specific evidence that @CJMarthaKoome is corrupt. If anything, the judiciary brokers say she does not take money. And I have never met anyone claim they paid her or can reach her. But I know at least one of her colleagues is reachable. I know this because the brokers looking to charge litigants to reach judges once reached out to me on my britam petition if I needed to “make arrangements” / “make investments” … the price was 10 to 30 m. I told the broker I didn’t have money, I was also convinced on my case and I don’t pay. The case died anyways. 2. The key issue I see with the CJ is that while she is not corrupt herself, she is too tolerant to corrupt judges… action should be swift, open and transparent. The few bad apples are tainting the mostly good apples. 3. Let’s PARTICULARIZE the allegations, complaints and report to @jsckenya, rather than collective punishment. just as I did against Justice Mabeya
SC is not hiding the fact that he wants an executive/legislative friendlier Judiciary; a judiciary that kowtows to the regime. Since CJ Koome has refused to play ball, she must be removed. My prayer is that the CJ continues to uphold the CoK & safeguards judicial independence.
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@mohammedhersi @HonMosiria @SakajaJohnson @WilliamsRuto Nairobi Rivers is where he draws the line on the environment? I don’t see how we shall be fishing here anytime soon.
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@NelsonHavi , CJ is over-working.
The Chief Justice has established a Civil Appellate Division of the High Court at Milimani Law Courts.
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RT @_James041: This was Siaya yesterday during the burial of activist Richard Otieno. Watu wa mulima walikuja kusindikiza Richard kwa wimb…
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RT @Ndonglaw043: @ehdande Karibu and the most important part of that statement is 'good faith', normally the 'overlegalization' of ADR is w…
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