The president has noted the concerns of CBK and Bankers on the capping of interest rates. Enough said!!!

The rest are details...

Seems too many guys are afraid of this, I say let's try it we can always go back like the car duty thing, trial and error seems to be our way.
Policy? it will be like what National oil tried but failed at providing lower prices.

@RAO is obviously laying the groundwork for later when he sends his reps to KBA to collect something for him to not shout too loudly.

Uhuru sign the damn bill.

Is this something that can be taken to a referendum come next election ama its only constitutional changes that are taken to referendums. Let the people decide if Uhuru is too focused on preserving the family wealth.

@mlennyma - Hii ni socialism ama ni Communism?

People DEMANDING to benefit from other people's (not government's) resources!!!

Some people might kill free enterprise/businesses if given a chance.

For those who want viable solutions, this is how governments elsewhere operate (In general).

1) Reduce (government) demand.

2) Subsidize, review taxes downwards etc.

3) Offer cheaper options.

For example, did Obama demand that hospitals should charge less so that everyone can afford medicare?? Of course not!! Come up with policies to ensure everyone is covered, equip government hospitals to ensure no one ever NEEDS to go to a private hospital etc.

Have Germany, US etc. demanded that private schools and universities reduce their fees? Nope! Just ensure public schools and universities are equipped and staffed to a level that they can compete with private schools and Universities.

Netherlands - You would never imagine of being a landlord! Why? The government - central and municipal - have built enough houses and ensure that everyone who needs a house gets allocated one. And they are affordable!! When you turn 18, you sign up with the Municipal and they get you a house. They do the same with education, medicare etc. If you have a job, you pay for cover. If you don't, the government figures out what to do.

Do most developed countries have to deal with "matatu menace" and pricing? Nope! They have ensured public transport is well catered for - trains etc.

Examples are endless. You have to decide if you are a Capitalist nation with free markets or a Communist/Socialist country.

Even fuel price controls would have been addressed very easily without the "control" part. Just ensure there are National Oil stations all over the country and have them sell fuel at the lowest commercially viable price - the government can control the price being the owner. If the other petrol stations continue selling at plus 10 bob and Kenyans go to fuel there, no problem! So long as those same Kenyans had the option to buy the same fuel CONVENIENTLY at a lower price, it is okay!

And by the way, the government has tried on the issue of affordable financing by providing cheaper alternatives - Women fund, Youth fund, Cheap loans to akina @Obiero and other civil servants etc. As this are scaled up and corruption reduced, demand and supply pressures might force banks to reduce lending rates.

The next thing the government should do is deal with Ponzi scheme/Pyramid scheme kind of investments in the country. Let us get to a point whereby you can trust any investment avenue in Kenya > 98% because government organs will be doing their vetting job seriously and ensuring everything being advertised out there or operating out there is clean. That way, Kenyans will feel safe to invest their money in all these possible vehicles instead of parking it in the banks. The banks would then be forced to offer them better rates to keep their money there!

2/3 should rule!

Duale is an individual who can't be trusted

From where will they get 2/3???

Ha ha now that baba is pushing for signing ,there is no way UK will sign it just because baba is pushing .he is suspecting witch hunt hapo .instead it will be sent back for ammendment to buy more time ...