Wazua
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Law Capping interest rates
Rank: Elder Joined: 6/23/2009 Posts: 13,554 Location: nairobi
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wukan wrote:In the meantime the mido crass have decided to buy mtumba this xmas in anticipation of njaanuary Quote:Lifestyle clothing retailer Deacons yesterday said sales are flat this festive season, attributing minimal business to lower consumer purchasing power.
The firm said delays by the government to settle tens of billions of shillings in arrears to suppliers and interest caps enforced in September have hurt circulation of cash in the economy.
"The company is trading fairly softly. We have not seen the Christmas rush we usually see, but we are hoping it will come towards the end of next week," Deacons Kenya chief executive Wahome Muchiri said in an interview in Nairobi. "I think it's got to do with the interest rate change, the government budget deficit, and the government's inability to meet its obligations to suppliers which has affected the cycle of cash. Cash is not circulating and that directly affects our customers." That is now the truth. We knew wholesale, retail and SME businesses as a whole will take a hit.. Look at Nakumatt, Deacons et al. The economy is dying quick. We must all trade cautiously, if we must trade. But construction and real estate remain our only hope until NASA takes over. Now, please read here a message to all wazuans about smaller Kenyan banks http://www.businessdaily...item-2-n7v8ym/index.html
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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obiero wrote:[quote=wukan]In the meantime the mido crass have decided to buy mtumba this xmas in anticipation of njaanuary Quote:Lifestyle clothing retailer Deacons yesterday said sales are flat this festive season, attributing minimal business to lower consumer purchasing power.
The firm said delays by the government to settle tens of billions of shillings in arrears to suppliers and interest caps enforced in September have hurt circulation of cash in the economy.
"The company is trading fairly softly. We have not seen the Christmas rush we usually see, but we are hoping it will come towards the end of next week," Deacons Kenya chief executive Wahome Muchiri said in an interview in Nairobi. "I think it's got to do with the interest rate change, the government budget deficit, and the government's inability to meet its obligations to suppliers which has affected the cycle of cash. Cash is not circulating and that directly affects our customers." That is now the truth. We knew wholesale, retail and SME businesses as a whole will take a hit.. Look at Nakumatt, Deacons et al. The economy is dying quick. We must all trade cautiously, if we must trade. But construction and real estate remain our only hope until NASA takes over. Now, please read here a message to all wazuans about smaller Kenyan banks http://www.businessdaily...tem-2-n7v8ym/index.html[/quote]  If Obiero did it, Who Am I?
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Rank: Member Joined: 2/20/2007 Posts: 767
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The months of Jan to Aug 2017 will see the country flooded with so much cash, inflation will be at an all time high. This is courtesy of Euro bond, SGR, NYS, Afya house + a thousand other scandals. All that cash will find its way back into the economy via campaigns. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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tom_boy wrote:The months of Jan to Aug 2017 will see the country flooded with so much cash, inflation will be at an all time high. This is courtesy of Euro bond, SGR, NYS, Afya house + a thousand other scandals. All that cash find its way back into the economy via campaigns. I highly doubt   . Should be evident already. Is the market on a go slow today or what. ,Behold, a sower went forth to sow;....
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Rank: Member Joined: 5/21/2014 Posts: 184
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Wakanyugi wrote:wukan wrote:In the meantime the mido crass have decided to buy mtumba this xmas in anticipation of njaanuary Quote:Lifestyle clothing retailer Deacons yesterday said sales are flat this festive season, attributing minimal business to lower consumer purchasing power.
The firm said delays by the government to settle tens of billions of shillings in arrears to suppliers and interest caps enforced in September have hurt circulation of cash in the economy.
"The company is trading fairly softly. We have not seen the Christmas rush we usually see, but we are hoping it will come towards the end of next week," Deacons Kenya chief executive Wahome Muchiri said in an interview in Nairobi. "I think it's got to do with the interest rate change, the government budget deficit, and the government's inability to meet its obligations to suppliers which has affected the cycle of cash. Cash is not circulating and that directly affects our customers." Blame the rate caps...a catch all excuse for every business incompetent this season. So banks are not lending and now we hear the government is not buying. What are they going to do with the loot? As my Pastor is fond of saying: give thou unto me a f*&@ing break. I like your Pastor! I think I will change churches. Hata gas ikiisha usiku ukipika ugali...blame the interest rate cap. There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Rank: Elder Joined: 10/3/2008 Posts: 4,057 Location: Gwitu
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actuarywahisa wrote:Wakanyugi wrote:wukan wrote:In the meantime the mido crass have decided to buy mtumba this xmas in anticipation of njaanuary Quote:Lifestyle clothing retailer Deacons yesterday said sales are flat this festive season, attributing minimal business to lower consumer purchasing power.
The firm said delays by the government to settle tens of billions of shillings in arrears to suppliers and interest caps enforced in September have hurt circulation of cash in the economy.
"The company is trading fairly softly. We have not seen the Christmas rush we usually see, but we are hoping it will come towards the end of next week," Deacons Kenya chief executive Wahome Muchiri said in an interview in Nairobi. "I think it's got to do with the interest rate change, the government budget deficit, and the government's inability to meet its obligations to suppliers which has affected the cycle of cash. Cash is not circulating and that directly affects our customers." Blame the rate caps...a catch all excuse for every business incompetent this season. So banks are not lending and now we hear the government is not buying. What are they going to do with the loot? As my Pastor is fond of saying: give thou unto me a f*&@ing break. I like your Pastor! I think I will change churches. Hata gas ikiisha usiku ukipika ugali...blame the interest rate cap. Reduced frequency of landings this month due to the interest rate cap Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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Rank: Elder Joined: 6/23/2009 Posts: 13,554 Location: nairobi
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obiero wrote:mlennyma wrote:obiero wrote:kaka2za wrote:Yowel wrote:MaichBlack wrote:murchr wrote:@Mainat, the reality will only sink in when the economy takes his job True. Typical Kenyan mentality. i concur. the economy humbles people, big and small. Small people are already humbled. Let's enjoy the small picture before the prophecy of the Wazua geniuses becomes reality. For now,we, daft people are happy! As a leading economic researcher in Africa.. I confirm and repeat, economically speaking the bill will make Kenya great again Yes trump,Iam buying banks next year when reality sinks.I expect a mean dividend on bank stocks this year All the best. Be careful with the smaller banks though, some will fold First up, Fidelity Bank http://www.businessdaily...06308-ealoldz/index.html
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 12/11/2006 Posts: 884
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Still waiting for interests on my savings account from Equity. They used pay the interests promptly every 1st of January each year before. Whats cooking this time “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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ngapat wrote:Still waiting for interests on my savings account from Equity. They used pay the interests promptly every 1st of January each year before. Whats cooking this time You better check your account is still a savings account or for that matter at interest earning deposit account  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Q4 should start showing the real impact "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa
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Equity has suspended eazy plus loans through equitel until further notice
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Shak wrote:Equity has suspended eazy plus loans through equitel until further notice In njaanuary! Evil If Obiero did it, Who Am I?
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Rank: Elder Joined: 6/23/2009 Posts: 13,554 Location: nairobi
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Swenani wrote:Shak wrote:Equity has suspended eazy plus loans through equitel until further notice In njaanuary! Evil Weka link
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa
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obiero wrote:Swenani wrote:Shak wrote:Equity has suspended eazy plus loans through equitel until further notice In njaanuary! Evil Weka link I have an equitel line and wanted to know what my loan limit is. I kept getting a message that the facility is not available. Upon calling customer care they informed me that they have suspended it until further notice and should I require a loan I should visit any of their branches
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Shak wrote:obiero wrote:Swenani wrote:Shak wrote:Equity has suspended eazy plus loans through equitel until further notice In njaanuary! Evil Weka link I have an equitel line and wanted to know what my loan limit is. I kept getting a message that the facility is not available. Upon calling customer care they informed me that they have suspended it until further notice and should I require a loan I should visit any of their branches A bank never gives you money when you need it. A bank is the person who gives you an umbrella during fair weather and takes it away when it rains. Life is short. Live passionately.
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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sparkly wrote:Shak wrote:obiero wrote:Swenani wrote:Shak wrote:Equity has suspended eazy plus loans through equitel until further notice In njaanuary! Evil Weka link I have an equitel line and wanted to know what my loan limit is. I kept getting a message that the facility is not available. Upon calling customer care they informed me that they have suspended it until further notice and should I require a loan I should visit any of their branches A bank never gives you money when you need it. A bank is the person who gives you an umbrella during fair weather and takes it away when it rains. @sparkly,  . So when should someone not look upon a bank for one. ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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muandiwambeu wrote:sparkly wrote:Shak wrote:obiero wrote:Swenani wrote:Shak wrote:Equity has suspended eazy plus loans through equitel until further notice In njaanuary! Evil Weka link I have an equitel line and wanted to know what my loan limit is. I kept getting a message that the facility is not available. Upon calling customer care they informed me that they have suspended it until further notice and should I require a loan I should visit any of their branches A bank never gives you money when you need it. A bank is the person who gives you an umbrella during fair weather and takes it away when it rains. @sparkly, . So when should someone not look upon a bank for one. Look at the Kenyan banks. They rush to give employees loans for consumption but not easy to give businesses loans for expansion. Life is short. Live passionately.
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Shak wrote:obiero wrote:Swenani wrote:Shak wrote:Equity has suspended eazy plus loans through equitel until further notice In njaanuary! Evil Weka link I have an equitel line and wanted to know what my loan limit is. I kept getting a message that the facility is not available. Upon calling customer care they informed me that they have suspended it until further notice and should I require a loan I should visit any of their branches Loans are available, something has disqualified you. Check your listing etc. Business opportunities are like buses,there's always another one coming
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Rank: Member Joined: 2/20/2015 Posts: 467 Location: Nairobi
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Eazzy plus loans (installment loans) are discontinued. Only Eazzy loans (1 month) available.Check Equity Bank facebook wall, lots of people complaining that can't access Eazzy plus loans and getting same response that it is discontinued. Apparently people were defaulting on the installment loans.
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Rank: Elder Joined: 6/23/2009 Posts: 13,554 Location: nairobi
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obiero wrote:KulaRaha wrote:muandiwambeu wrote:
1.0 Where are the lenders(banks) investing money retired from high risk creditors if not lending you?
2.0 if to the low risk (risk free gaament paper) low returns secure government paper, will the loss of risk equate to the loss of returns? Of coarse this is obvious and since the investment style leads to declining banks shareholders wealth (haircuts on the way)
3.0 so, if sooner or later a banks shareholder is expecting haircuts, how should someone adjust to the likely unfolding reality? Simply, where are you putting your eggs post eating the stocks in store/ post ending prevailing fy (purely on account of time lag?
1.0 Pls see the rush to GoK paper 2.0 Low return? Return on GoK is 14%, return on SME is 14%. 3.0 See 1.0 answer above On 2.0 consider the risk of default.. Meanwhile at the end of the day, banks will still exist, but not the niche ones.. Larger banks who operate a financial supermarket model, shall thrive Guys. Trust me, it's not looking good
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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