banks will win hata kama ni kupeleka gunia ya ninii huko mlimani kwani pesa ya campaign itatoka wapi

Raila will use it to campaign against the many failed promises by Jubilee. SGR wapi, laptops wapi, lower interest rates wapi?? Get the drift.. Further, CBA is big in mobile money and will on Monday launch MoKash in Kampala, similar product to Mshwari

Now they are saying if you cap interest rates, it will impact your pensions.

I can't believe the extent banks are going to try and maintain their usurious practices.

What next, they will say capping interest rates will lock the mwananchi and SME out of heaven

The way this bill will be handled will determine if I go chupiree or olange. My stakes are personally high ,want to see how he will handle it

You see @Guru267, my online Sweetheart, it is not the Presidency I am worried about.

It the power held by those "Mpig simpeltons" you so eloquently allude to.

You see, it will take 234 of them to come together and veto The President's rebuttal back to The August House.

This close to the Erections, and knowing nearly 90% of them are not coming back, how much will it cost to bribe them to decline to veto or be absent on voting day?

His Excellency will also have to work with "Mpig simpeltons" who will have tasted the power of showing the middle finger to him, so to speak.

We live in interesting times, Dear, Don't you think?

This "rubbish concoction" is going to become Law, Honey. I guess we should now concentrate on scenarios to work in with it as Law.

2. Economic contraction. ..Credit is what facilitates economic expansion, a slow down on the same. ..?

4. Investors in capital market. .blood will be on the streets as the valuation of banks will drastically reduce. .

6. Joblessness. ..With less customers to lend to. ..There shall be increased job cuts. .The banks will likely increase lending to government

@Githundi these are nice points . The man is walking on a tight rope .I'm wondering where @MaichBlack went to. Now here is my take ;

If he ascends and bows to pressure to append the signature, wanjikus will be happy for a short, but assured of votes 2017, hence prolonged presidency

Now if he choses not to do anything, he will be seen as someone who doesn't connect with wanjiku ,understand their plight ,hence it will give babuon a chemical weapon for campaign.

So option kamwana has: resend the bill back to mpigs for ammendment and also propose they look at the mou from banks and come up with a consensus.With this,2 birds will be destroyed with one bullet ,
1 The rates will come lower hence wanjiku gets happy(I don't know how lower the rates will go)

2 the banks will get their way hence not punish the economy either intentionally or unintentionally

I'm for the consensus option.i feel pain of people losing businesses because of skyrocketed rates overnight ,and I feel bad if the economy gets messed up,the ripple effect is huge.

Things to note :

I don't know why this pigs are sensitive with this bill when they are almost out of job .Joe donde tried 1 or 2 years to elections .don't know if this is a way for them to survive once 90% of them loose their jobs.

No gun holder can shoot their own foot with their own gun . Impossible and it will never happen.

.that's cold mlennyma, very cold