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Will compulsory bank acc. improve our living stds?
essyk
#1 Posted : Wednesday, April 04, 2012 2:42:27 PM
Rank: Elder


Joined: 11/15/2011
Posts: 4,518
http://www.nation.co.ke/.../-/6k2iciz/-/index.html

Finance minister Njeru Githae said the Kenyan economy has matured, which calls for every Kenyan to have a bank account in line with efforts to increase financial inclusion in the country, as per Vision 2030.

Also coming up will be a law compelling every Kenyan above 18 years to open an income tax file with the Kenya Revenue Authority, to help seal loopholes in tax collection. The two will be mandatory irrespective of whether one is earning an income or not.

I would like everybody to have one but is it realistic cz hata wale tunao tunasweat tu.
"The true measure of a man is how he treats someone who can do him absolutely no good.
Impunity
#2 Posted : Wednesday, April 04, 2012 2:47:11 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
essyk wrote:
http://www.nation.co.ke/business/news/Bank+accounts+to+be+compulsory+for+all+Kenyans+over+18+years+/-/1006/1379498/-/6k2iciz/-/index.html

Finance minister Njeru Githae said the Kenyan economy has matured, which calls for every Kenyan to have a bank account in line with efforts to increase financial inclusion in the country, as per Vision 2030.

Also coming up will be a law compelling every Kenyan above 18 years to open an income tax file with the Kenya Revenue Authority, to help seal loopholes in tax collection. The two will be mandatory irrespective of whether one is earning an income or not.

I would like everybody to have one but is it realistic??


He is bringing rat eating antics to the financial Arena.
Pure day dreaming.
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You know you've made it when you get a parking space for your yatcht.

essyk
#3 Posted : Wednesday, April 04, 2012 2:49:50 PM
Rank: Elder


Joined: 11/15/2011
Posts: 4,518
Impunity wrote:

He is bringing rat eating antics to the financial Arena.
Pure day dreaming.


Inaitwa zeal.There's a lot of talking all over the place about everything! Kenya is dizzy.
"The true measure of a man is how he treats someone who can do him absolutely no good.
Lolest!
#4 Posted : Wednesday, April 04, 2012 3:02:01 PM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
I can't believe itd'oh!

So a police officer stops you and asks

Wapi kitambulisho?

Wapi PIN?

Wapi ATM card?Sad Hauna ATM? Nyinyi ni ile wakora inafanya money laundering na kuuza madawa eeh? Kaa chini haraka, jambazi!!


While it's OK for govt to ensure that all of us are registered with KRA, it is over ambitious and unfair to imagine all Kenyans can and should have a bank account.

The minister is out of order!

Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
wilyum
#5 Posted : Wednesday, April 04, 2012 3:11:24 PM
Rank: Veteran


Joined: 12/21/2011
Posts: 1,010
I think it would in order for the minister to work on the budget first(kibarua iko hapo with erections around) and stop seeking cheap publicity over pipe dreams.
chemos
#6 Posted : Wednesday, April 04, 2012 3:13:43 PM
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Joined: 11/28/2006
Posts: 1,799
mimi nikiitishwa bank account nawatolea simcard..
essyk
#7 Posted : Wednesday, April 04, 2012 3:18:45 PM
Rank: Elder


Joined: 11/15/2011
Posts: 4,518
An 18 year old is a form 4 graduate! Sad
How can you operate an account if you don't have an Income?
"The true measure of a man is how he treats someone who can do him absolutely no good.
essyk
#8 Posted : Wednesday, April 04, 2012 3:20:17 PM
Rank: Elder


Joined: 11/15/2011
Posts: 4,518
chemos wrote:
mimi nikiitishwa bank account nawatolea simcard..


Laughing out loudly Laughing out loudly Laughing out loudly
Even kenyans with incomes struggle to maintain one! Its always salary in and salary out most times.

Is this the best way to empower youth?
This is putting the cart before the horse.

"The true measure of a man is how he treats someone who can do him absolutely no good.
McReggae
#9 Posted : Wednesday, April 04, 2012 3:25:53 PM
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Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
For so many kenyans if their employers would agree to pay them cash they would not see the point of having bank accounts!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
B.Timer
#10 Posted : Wednesday, April 04, 2012 4:49:22 PM
Rank: Veteran


Joined: 5/31/2008
Posts: 1,076
Was this by any chance said on april 01st!!!

Otherwise Githae should be thinking of incentives to float to Kenyans to persuade those who don’t have Bank accounts to consider opening one.

Making it mandatory sounds impractical and could very well run into head winds with the constitution.

How many Banks accept to open A/Cs with zero balance!!

What is the geographical distribution of Banks around the country vis avis Kenyans dwellings!

There are charges/costs associated with operating a Bank a/c, that most ruralfolk would rather avoid.

Lack of/little infomation would see most chaps loose monies to Banks in all manner of charges/penalties.

Come off it Githae!

Dunia ni msongamano..
Impunity
#11 Posted : Wednesday, April 04, 2012 4:50:45 PM
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Joined: 3/2/2009
Posts: 26,328
Location: Masada
chemos wrote:
mimi nikiitishwa bank account nawatolea simcard..


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

Tena mbili ya Zain na Safcon!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Ric dees
#12 Posted : Wednesday, April 04, 2012 4:55:25 PM
Rank: Member


Joined: 3/6/2008
Posts: 632

..What a rubbish idea, reminds me recently when Tesco (big UK supermarket chain) hired a consultant to find out why water melons above a certain size are not bought and you know what the good consultant came up with after an exhaustive research he found out there is a co-relation between melons and womens bust hence women avoiding BIGGER watermelons...now thats what i call RUBBISH!!! am sure even the butchery man in Kayole can come up with better findings..

The greatest danger in times of turbulence is not the turbulence; it is to act with yesterday's logic.
alma
#13 Posted : Wednesday, April 04, 2012 4:58:37 PM
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Joined: 7/20/2007
Posts: 4,432
now I'm dizzy..rick dees what have bank accounts, rats, water melons and busts got to do with butcheries? lol
Jose: If I make it through this thug life, I'll see you one day. The Lord is the only way to stop the hurt.
chemos
#14 Posted : Wednesday, April 04, 2012 4:58:46 PM
Rank: Elder


Joined: 11/28/2006
Posts: 1,799
Ric dees wrote:

..What a rubbish idea, reminds me recently when Tesco (big UK supermarket chain) hired a consultant to find out why water melons above a certain size are not bought and you know what the good consultant came up with after an exhaustive research he found out there is a co-relation between melons and womens bust hence women avoiding BIGGER watermelons...now thats what i call RUBBISH!!! am sure even the butchery man in Kayole can come up with better findings..



huyu jamaaa alifikiria kweli.. must be a harvard graduate..Laughing out loudly Laughing out loudly Laughing out loudly
vinii
#15 Posted : Wednesday, April 04, 2012 5:17:14 PM
Rank: Elder


Joined: 10/14/2009
Posts: 2,057
before this dude talks of mandatory this and that, let him look at the constitution carefully and see what it says about rights of citizens
If you are an eagle don't hang around with chickens; chickens don't fly....
Robinhood
#16 Posted : Wednesday, April 04, 2012 5:24:36 PM
Rank: Elder


Joined: 12/11/2008
Posts: 2,306
Will Turkana folk walk all the way to Kitale/Lodwar and back to open a zero balance account?
Great men are not always wise, neither do the aged understand judgement...
Impunity
#17 Posted : Wednesday, April 04, 2012 5:30:19 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
chemos wrote:
Ric dees wrote:

..What a rubbish idea, reminds me recently when Tesco (big UK supermarket chain) hired a consultant to find out why water melons above a certain size are not bought and you know what the good consultant came up with after an exhaustive research he found out there is a co-relation between melons and womens bust hence women avoiding BIGGER watermelons...now thats what i call RUBBISH!!! am sure even the butchery man in Kayole can come up with better findings..



huyu jamaaa alifikiria kweli.. must be a harvard graduate..Laughing out loudly Laughing out loudly Laughing out loudly


So @Ric dees is that guy who at mbuzi 6 claimed he graduated from the Havard and was "Aiming IT"
Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

These Havard graduates have a peculiar habbit, dont look further but just see what Mbaaasss is doing all over the place!
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You know you've made it when you get a parking space for your yatcht.

Ric dees
#18 Posted : Wednesday, April 04, 2012 5:52:03 PM
Rank: Member


Joined: 3/6/2008
Posts: 632

@Alma..exactly my point no relation!!

@Impunity .."It can be difficult to make a man understand something when his livelihood depends on him not understanding it"

The greatest danger in times of turbulence is not the turbulence; it is to act with yesterday's logic.
murchr
#19 Posted : Wednesday, April 04, 2012 6:08:19 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
I think its a way of catching wasiolipa ushuru. With a bank account one will be tempted to deposit
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
josiah33
#20 Posted : Wednesday, April 04, 2012 6:09:31 PM
Rank: Elder


Joined: 1/27/2011
Posts: 1,777
Maybe it's feasible. Imagine all the people registered on Mpesa and all the mobile money tranfers were linked to an interest earning account like what we have on Orange Money and everyone had a debit card. You could go to an agent or use the debit card at an ATM to get money or even do other things that the debit card allows you to -hence more convenience and that means alot of people will be in mainstream banking. Or someone came up with a system that would give the convenience of mobile money tranfer and is within the mainstream banking so people would be convinced to use it. Githae's dream will become a reality without actually forcing people to open accounts which would otherwise lay dormant.
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