Wazua
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Law Capping interest rates
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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obiero wrote:mlennyma wrote:obiero wrote:actuarywahisa wrote:mlennyma wrote:HaMaina wrote:mlennyma wrote:This law is on it's death bed,buy bank stocks,insiders know that and I think that's why the volumes have been swelling For the law makers to even consider changing it, they must first be debt free and with little use for any future debts, and this I don't see. The bankers made their worst mistake by allowing this law to become a law, despite the CBK governor informing them what was going on and the consequences that they faced. This law can't be pegged on current parliament, majority are going home by August,i foresee an amendment in this year's finance bill Even incoming mps will neither be debt free nor without need for future debt. No better time to invest in the NSE, especially large cap financials i hope Q1 brings up the panic for me to buy Yesterday's combined turnover on financials was in excess of 30m shares.. Smart moves already in play true and still going on.its very easy to be left out because equity was at 23 and now 28,even if you were buying equity for speculation at 23 you would be ok to sell now "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 10/29/2008 Posts: 1,566
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This interest cap law has many facets to it. - By the time it is lifted, 'Wanjiku'(including wazuans) will have been played and the intended political goal effectively achieved. - The directly impacted counters in NSE that are currently highly discounted as a result, will rebound by significant percentages. ... Isuni yilu yi maa me muyo - ni Mbisuu
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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While you all wait for the rate cap to go, dont forget there is an amendment coming where total cost of credit should not exceed 14%. And, GoK deposits should only sit in bank with min 20% GoK shareholding. Wishful thinking. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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https://www.bloomberg.co...lling-finance-chief-saysWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Ericsson wrote:https://www.bloomberg.com/news/articles/2017-02-09/kenya-may-raise-rates-to-protect-shilling-finance-chief-says Let us see what happens with this month's bond. Business opportunities are like buses,there's always another one coming
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Ericsson wrote:https://www.bloomberg.com/news/articles/2017-02-09/kenya-may-raise-rates-to-protect-shilling-finance-chief-says They don't have much of a choice here both in the short and medium term. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Member Joined: 8/25/2015 Posts: 839 Location: Kite
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Is M-shwari still giving the 7% interest as promised?
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Taurrus wrote:Is M-shwari still giving the 7% interest as promised? Still at 7.5% monthly. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Member Joined: 8/25/2015 Posts: 839 Location: Kite
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Gatheuzi wrote:Taurrus wrote:Is M-shwari still giving the 7% interest as promised? Still at 7.5% monthly. Do they pay monthly? l check balance I don't see any interest!!
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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Taurrus wrote:Gatheuzi wrote:Taurrus wrote:Is M-shwari still giving the 7% interest as promised? Still at 7.5% monthly. Do they pay monthly? l check balance I don't see any interest!! Quarterly Formally employed people often live their employers' dream & forget about their own.
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Rank: Member Joined: 8/25/2015 Posts: 839 Location: Kite
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bird_man wrote:Taurrus wrote:Gatheuzi wrote:Taurrus wrote:Is M-shwari still giving the 7% interest as promised? Still at 7.5% monthly. Do they pay monthly? l check balance I don't see any interest!! Quarterly Thanks better to ask ,l understand equity forced all savings acc to current.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Taurrus wrote:bird_man wrote:Taurrus wrote:Gatheuzi wrote:Taurrus wrote:Is M-shwari still giving the 7% interest as promised? Still at 7.5% monthly. Do they pay monthly? l check balance I don't see any interest!! Quarterly Thanks better to ask , l understand equity forced all savings acc to current "transactional". Same with KCB without even the decency of contacting their clients. Shame! Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Pesa Nane wrote:Taurrus wrote:bird_man wrote:Taurrus wrote:Gatheuzi wrote:Taurrus wrote:Is M-shwari still giving the 7% interest as promised? Still at 7.5% monthly. Do they pay monthly? l check balance I don't see any interest!! Quarterly Thanks better to ask , l understand equity forced all savings acc to current "transactional". Same with KCB without even the decency of contacting their clients. Shame! KCB sent out sms informing customers that your account has been changed to a pay as you go account with no interest. All banks were doing that.If equity never did that is arrogancy Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 8/25/2015 Posts: 839 Location: Kite
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Ericsson wrote:Pesa Nane wrote:Taurrus wrote:bird_man wrote:Taurrus wrote:Gatheuzi wrote:Taurrus wrote:Is M-shwari still giving the 7% interest as promised? Still at 7.5% monthly. Do they pay monthly? l check balance I don't see any interest!! Quarterly Thanks better to ask , l understand equity forced all savings acc to current "transactional". Same with KCB without even the decency of contacting their clients. Shame! KCB sent out sms informing customers that your account has been changed to a pay as you go account with no interest. All banks were doing that.If equity never did that is arrogancy Unless they used posta,l never got the memo 
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Taurrus wrote:Ericsson wrote:Pesa Nane wrote:Taurrus wrote:bird_man wrote:Taurrus wrote:Gatheuzi wrote:Taurrus wrote:Is M-shwari still giving the 7% interest as promised? Still at 7.5% monthly. Do they pay monthly? l check balance I don't see any interest!! Quarterly Thanks better to ask , l understand equity forced all savings acc to current "transactional". Same with KCB without even the decency of contacting their clients. Shame! KCB sent out sms informing customers that your account has been changed to a pay as you go account with no interest. All banks were doing that.If equity never did that is arrogancy Unless they used posta,l never got the memo I have also just checked my snail mail box and saw nothing from Equity! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 12/17/2013 Posts: 118
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Ericsson wrote:Pesa Nane wrote:Taurrus wrote:bird_man wrote:Taurrus wrote:Gatheuzi wrote:Taurrus wrote:Is M-shwari still giving the 7% interest as promised? Still at 7.5% monthly. Do they pay monthly? l check balance I don't see any interest!! Quarterly Thanks better to ask , l understand equity forced all savings acc to current "transactional". Same with KCB without even the decency of contacting their clients. Shame! KCB sent out sms informing customers that your account has been changed to a pay as you go account with no interest. All banks were doing that.If equity never did that is arrogancy Equity is more arrogant than Moses Luria: They doubled over the counter transaction charges without communication,they started charging account-account funds transfers and never advise the customers,they will charge you for withdrawing from a foreign currency from your foreign currency account(on top of normal charges) without informing u(they call it cash handling charges). They will charge(on top of normal charges) u for withdrawing from a branch that is not 'yours' again no telling you. Very nauseating. Guess u only deal with them where u have no other option KCB,NMG,PAFR
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Rank: Elder Joined: 6/23/2009 Posts: 13,551 Location: nairobi
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yosie14 wrote:Ericsson wrote:Pesa Nane wrote:Taurrus wrote:bird_man wrote:Taurrus wrote:Gatheuzi wrote:Taurrus wrote:Is M-shwari still giving the 7% interest as promised? Still at 7.5% monthly. Do they pay monthly? l check balance I don't see any interest!! Quarterly Thanks better to ask , l understand equity forced all savings acc to current "transactional". Same with KCB without even the decency of contacting their clients. Shame! KCB sent out sms informing customers that your account has been changed to a pay as you go account with no interest. All banks were doing that.If equity never did that is arrogancy Equity is more arrogant than Moses Luria: They doubled over the counter transaction charges without communication,they started charging account-account funds transfers and never advise the customers,they will charge you for withdrawing from a foreign currency from your foreign currency account(on top of normal charges) without informing u(they call it cash handling charges). They will charge(on top of normal charges) u for withdrawing from a branch that is not 'yours' again no telling you. Very nauseating. Guess u only deal with them where u have no other option Next week we see the results
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: 2/9/2012 Posts: 576
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KCB to lay off an undisclosed number of staff http://www.businessdaily...22718-8594r4z/index.htmlAfrica belongs to Africans.
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Rank: New-farer Joined: 10/30/2016 Posts: 39 Location: nairobi
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[quote=wazuaguest]KCB to lay off an undisclosed number of staff http://www.businessdaily...2718-8594r4z/index.html[/quote] 500 is it? Are the banks going towards faceless banking. will we soon find machines in the teller cubicles ? where a woman rules, rivers run uphill!
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Yes... possunt quia posse videntur
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