By Douglas M
Kenyans should prepare for the worst as the effects of Coronavirus pandemic hit the global economy, our sources of foreign exchanges/dollars are dying up. The shilling will be under a lot of pressure in the coming days;
1. Diaspora remittances will fall drastically with key source markets such as USA and Europe in lockdown
2. Tourists – flights grounded in most countries. We have locked out visitors from key markets
3. Exports are not happening – flower farms are throwing away flowers and sending workers home
4. Investors are exiting the stock market and getting dollars out
5. After over-borrowing in the recent past we cannot issue more euro-bonds or syndicated loans
6. Kenyans who work abroad are on lockdown thus low income, they themselves are now struggling
While low oil prices and reduced imports will offer some relief. They wouldn’t be enough to compensate for these reduced dollar inflows. Whereas developed countries like USA, Germany, United Kingdom, Netherlands, Japan, France etc have rolled out substantive financial rescue packages, our Jubilee regime is clueless and cannot even mobilise industrialists to start manuafacturing essentials like masks that are needed in hospitals just incase Coronavirus hits in large scale, we must follow China and USA, we need not re-invent the wheel.
This is a topic which is close to my heart… Take care! Exactly where are your contact details though?|
This post is worth everyone’s attention. When can I find out more?|
Greetings! I know this is somewhat off topic but I was wondering which blog platform are you using for this website? I’m getting sick and tired of WordPress because I’ve had issues with hackers and I’m looking at options for another platform. I would be fantastic if you could point me in the direction of a good platform.|
Quality articles, I am waiting for your next article. keep working
Hi, i think that i saw you visited my weblog so i came to “return the favor”.I’m attempting to find things to improve my site!I suppose its ok to use some of your ideas!!|
I blog often and I truly appreciate your content. This great article has really peaked my interest. I am going to take a note of your site and keep checking for new information about once a week. I subscribed to your RSS feed as well.
This is really interesting, You’re an excessively professional blogger. I have joined your feed and stay up for in quest of extra of your great post. Additionally, I have shared your website in my social networks|
Moving Companies Dubai- Moving You Ahead. Accept to the Neighborhood. How Can Our Team Aid You? Moving companies UNITED STATES possesses fantastic customer care. The went the extra mile to take care of my family’s necessities. They helped suit a change to our relocating date today. We needed to move our 3 tale house …?
Good day! This is my 1st comment here so I just wanted to give a quick shout out and tell you I really enjoy reading through your posts. Can you recommend any other blogs/websites/forums that go over the same subjects? Thank you!|
Greetings! I’ve been reading your blog for a while now and finally got the bravery to go ahead and give you a shout out from Houston Texas! Just wanted to say keep up the fantastic job!|
Undeniably believe that which you said. Your favorite reason appeared to be on the internet the easiest thing to be aware of. I say to you, I certainly get annoyed while people consider worries that they just do not know about. You managed to hit the nail upon the top and defined out the whole thing without having side effect , people can take a signal. Will likely be back to get more. Thanks|
It’s in fact very complex in this full of activity life to listen news on Television, thus I simply use web for that purpose, and get the most up-to-date news.|
Really when someone doesn’t understand then its up to other users that they will assist, so here it takes place.|
Hello, i think that i saw you visited my blog so i got here to return the desire?.I’m attempting to to find issues to enhance my site!I assume its adequate to use a few of your ideas!!|
I’m really impressed along with your writing talents as well as with the structure to your weblog. Is that this a paid topic or did you customize it your self? Anyway stay up the nice quality writing, it’s uncommon to peer a great weblog like this one these days..|
Wow, this paragraph is good, my sister is analyzing such things, therefore I am going to tell her.|
This website truly has all the info I needed concerning this subject and didn’t know who to ask. |
Your style is so unique compared to other people I’ve read stuff from. I appreciate you for posting when you have the opportunity, Guess I’ll just book mark this blog.|
Hi there! This blog post could not be written any better! Looking through this post reminds me of my previous roommate! He constantly kept talking about this. I’ll forward this article to him. Fairly certain he’ll have a great read. Thank you for sharing!|
You’re so awesome! I don’t believe I’ve read through anything like this before. So good to find someone with some genuine thoughts on this subject. Seriously.. thanks for starting this up. This website is something that is required on the internet, someone with a bit of originality!
I just could not depart your web site prior to suggesting that I extremely enjoyed the standard information an individual provide to your visitors? Is gonna be back frequently to investigate cross-check new posts|
What’s up to every body, it’s my first pay a visit of this web site; this blog carries amazing and really fine information for readers.|
Undeniably believe that which you said. Your favourite justification appeared to be at the web the simplest thing to be aware of. I say to you, I certainly get annoyed even as other people think about issues that they just don’t recognise about. You controlled to hit the nail upon the highest and outlined out the whole thing without having side-effects , other people could take a signal. Will likely be back to get more. Thank you|
Generally I don’t learn article on blogs, however I would like to say that this write-up very forced me to check out and do it! Your writing style has been amazed me. Thanks, quite nice article.|
You made some good points there. I checked on the web for more info about the issue and found most people will go along with your views on this website.|
No matter if some one searches for his essential thing, thus he/she wants to be available that in detail, so that thing is maintained over here.|
Hi would you mind sharing which blog platform you’re using? I’m planning to start my own blog soon but I’m having a hard time choosing between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your layout seems different then most blogs and I’m looking for something completely unique. P.S My apologies for getting off-topic but I had to ask!|
Pretty nice post. I simply stumbled upon your blog and wished to say that I have really loved browsing your weblog posts. After all I’ll be subscribing in your feed and I’m hoping you write again soon!|
Hi, this weekend is fastidious designed for me, as this point in time i am reading this enormous educational post here at my home.|
Hi there all, here every person is sharing these knowledge, so it’s nice to read this weblog, and I used to go to see this webpage all the time.|
I needed to thank you for this great read!! I certainly loved every little bit of it. I have you book marked to look at new things you postÖ|
This really made me pay attention. The writing skill alone kept my interest. Thank you for sharing!
https://infinitecbd.com/vegan-cbd-gummies
Thanks for keeping me updated! Articles like this are perfect reads to keep up with the industry!