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The Kenyan shilling is at an all time low. That statement is now tired. Sadly, it is true. Why is the shilling losing out to major world currencies, and even to the US Dollar which is losing against other major currencies?
The School of Accountancy has organised a session to discuss Kenya's failing economy on Monday, 17th October starting at 1.30pm in the auditorium. The theme of the session is: "A FLAT TYRE, DATE OF SERVICE OR AN ENGINE KNOCK: AN ANALYSIS OF KENYA AS AN ECONOMIC VEHICLE!"
The session will start with Dr Robert Mudida, economics author and lecturer explaining how exchange rates work. Then Mr Peter Magati, will facilitate a session on: Inflation – the worst form of tax on the poor.
Mr Wambua Kimeu, the Head of Finance at TransCentury investment company will speak about the effects of the economic woes to the private sector's planning and cash flow management.
Mr Vincent Kimosop, the CEO of Institute of Legislative Affairs will then address the question: Have government policies on addressing Inflation and falling Exchange Rate failed?
After that Mr Denis Muganga, and Mr Peter Chacha both Economists at the Ministry of Finance will talk about "Causes and policy measures to address the depreciating Kenya Shilling and High Inflation rate."
The session is open to the public.
Leave a comment
Comment made on 2011-10-13 06:15:00
| i think it is a good forum for sharing and showing our patriotism to kenya coz it will help more get to know the way out and also it is informative|
Comment made on 2011-10-13 06:52:44
|Looking forward for it
Comment made on 2011-10-13 08:06:31
|good forum and timely|
Comment made on 2011-10-14 02:10:49
|This is a great forum. I wan to be part of this.Very insightful and timely. I am an alumni of Kenya Methodist University.|
Comment made on 2011-10-14 10:31:23
|i cant wait for that talk it will help me a great deal when doing my term paper. |
Comment made on 2011-10-15 00:19:19
|Atlast i hope we are gonna be the institution to make a difference on many of poor kenyans lives by comingup with a solution to shs~dollar case catastrophy|
Comment made on 2011-10-16 00:56:18
|Short notice indeed...|
Comment made on 2011-10-17 06:20:56
|I cant imagine am to miss this opportunity...|
Comment made on 2011-10-17 07:40:12
|the session was great and enlightening |
Comment made on 2011-10-17 10:19:22
|oh no!!i already missed|
Comment made on 2011-10-18 05:39:20
|Patrick Muigai - Dallas|
| I am trying to think of what might have caused Kenyan shilling to falls.I am assuming that there might have increase of money supply,improvements of other economies ,such as U.S.A ,which has being increasing employment at a slower rate and speculations about kenyans economy by the business people .
Other facts,I might thinks of is reductions of exports and other foreign earning incomes and may increase of imports.
I have not been to Kenya for years,but from the youtube,I can see that there is improvement of infrasture ,which might have being financed by debts.There interest might also be contributing to that devaluation of Kenyan shillings.I hope,I got it like.
Patrick Muigai of Dallas,U.S.A
Former Strathmore Student
CPA(Kenya)- Lecturer I still remember-MR.Mcfie
BA(Finance - University of Arlington,U.S.A)|
Comment made on 2011-10-22 04:03:44