•Tuesday, May 16, 2006
an economic survey by the ministry of planning and national development projects kenya to have grown by over 5 per cent in 2005. our much lauded ugandan counterparts have had their growth decline from 7 to 4.5 percent over the same period. this was one of the most tumultuous years of the kibaki regime. kenyans were optimistic of much greater growth in 2002. they expected any growth vibe to translate into real cash to their enjoyment of fuller pockets.
to be realistic and in layman reasoning, a GDP growth of five percent for a person earning kshs 100 a day translates to kshs 105. would the extra kshs 5 bob make a noticeable difference, pengine peremende kumi za koo? to a salary of kshs 10,000 it becomes kshs 10,500. kshs 500 can earn you 3 extra talk time minutes from safaricom. to kshs 100,000 income it translates to kshs 105,000. kshs 5,000 could have earned a further kshs 40,000 if you invested in KQ shares (price growth of approx 800% in the same period). if you earn a million, 5 percent growth in your income could have brought a further kshs 50,000. thats why the ordinary wananchi remain the biggest losers of economic growth. my heart wails for the walking nation. what with higher costs of living especially with escalating food costs?
but all is not lost for kenya, there have been several considerable positive developments which need not be mixed with such a professional analysis of economic growth.
to be realistic and in layman reasoning, a GDP growth of five percent for a person earning kshs 100 a day translates to kshs 105. would the extra kshs 5 bob make a noticeable difference, pengine peremende kumi za koo? to a salary of kshs 10,000 it becomes kshs 10,500. kshs 500 can earn you 3 extra talk time minutes from safaricom. to kshs 100,000 income it translates to kshs 105,000. kshs 5,000 could have earned a further kshs 40,000 if you invested in KQ shares (price growth of approx 800% in the same period). if you earn a million, 5 percent growth in your income could have brought a further kshs 50,000. thats why the ordinary wananchi remain the biggest losers of economic growth. my heart wails for the walking nation. what with higher costs of living especially with escalating food costs?
but all is not lost for kenya, there have been several considerable positive developments which need not be mixed with such a professional analysis of economic growth.
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4 comments:
No matter what amount of growth, I am pleased to hear positive news about home. As a Kenyan, I sometimes want to hide in shame because of the matatizo at home.
@uaridi,
skepticism aside, over 5% growth shows that kenya is economically improving. and there are many positive developments within kenya worth being proud of.
Hi, thank you for visiting. I am grateful for even that 5%.
I could not get the link you gave me since Nation wants us to login in. Have tried to without success.
Have a good day
@uaridi
check your blog email....