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Law Capping interest rates
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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mkeiy wrote:Obi 1 Kanobi wrote:Everyone is hearing what they want to hear.
The president did not regret capping the bank rates, he said the lack of credit flow to SME's was an unfortunate consequence which he will work on. "work on" in my opinion does not equate to reversing the capping law (which by the way he can't even if he wanted to)
Let him use other means for example reduce the govt appetite for borrowing from the domestic market. Rate~cap days are numbered. No matter how deep the ostrich sinks its head in the bloody sand. HERECS Rotich's take as of yesterday 27th MarchTreasury secretary Henry Rotich yesterday said the government is mulling reviewing the caps in the wake of a sharp decline in credit growth. “We are monitoring the situation very closely. This will inform our next course of action, including reviewing the caps if that’s necessary,” said Mr Rotich in a separate event. mtangoja sanaaaaaaa John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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Spikes wrote:mkeiy wrote:Obi 1 Kanobi wrote:Everyone is hearing what they want to hear.
The president did not regret capping the bank rates, he said the lack of credit flow to SME's was an unfortunate consequence which he will work on. "work on" in my opinion does not equate to reversing the capping law (which by the way he can't even if he wanted to)
Let him use other means for example reduce the govt appetite for borrowing from the domestic market. Rate~cap days are numbered. No matter how deep the ostrich sinks its head in the bloody sand. HERECS Rotich's take as of yesterday 27th MarchTreasury secretary Henry Rotich yesterday said the government is mulling reviewing the caps in the wake of a sharp decline in credit growth. “We are monitoring the situation very closely. This will inform our next course of action, including reviewing the caps if that’s necessary,” said Mr Rotich in a separate event. mtangoja sanaaaaaaa This thing wont be reversed before elections....the signing was a political move
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Rank: Veteran Joined: 7/3/2007 Posts: 1,635
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watesh wrote:Spikes wrote:mkeiy wrote:Obi 1 Kanobi wrote:Everyone is hearing what they want to hear.
The president did not regret capping the bank rates, he said the lack of credit flow to SME's was an unfortunate consequence which he will work on. "work on" in my opinion does not equate to reversing the capping law (which by the way he can't even if he wanted to)
Let him use other means for example reduce the govt appetite for borrowing from the domestic market. Rate~cap days are numbered. No matter how deep the ostrich sinks its head in the bloody sand. HERECS Rotich's take as of yesterday 27th MarchTreasury secretary Henry Rotich yesterday said the government is mulling reviewing the caps in the wake of a sharp decline in credit growth. “We are monitoring the situation very closely. This will inform our next course of action, including reviewing the caps if that’s necessary,” said Mr Rotich in a separate event. mtangoja sanaaaaaaa This thing wont be reversed before elections....the signing was a political move Banksters pining for the bad old days of buccaneer banking need to get over their misplaced sense importance. We just learned from the recent strike that Kenyans can do without Doctors. Wanjiku has survived very well without bank credit. Thanks to M-akiba the government is about to show it can do the same. And you fellows still think you are gods gift to the nation? Get real. "The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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Rank: Veteran Joined: 11/13/2015 Posts: 1,658
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Wakanyugi wrote:watesh wrote:Spikes wrote:mkeiy wrote:Obi 1 Kanobi wrote:Everyone is hearing what they want to hear.
The president did not regret capping the bank rates, he said the lack of credit flow to SME's was an unfortunate consequence which he will work on. "work on" in my opinion does not equate to reversing the capping law (which by the way he can't even if he wanted to)
Let him use other means for example reduce the govt appetite for borrowing from the domestic market. Rate~cap days are numbered. No matter how deep the ostrich sinks its head in the bloody sand. HERECS Rotich's take as of yesterday 27th MarchTreasury secretary Henry Rotich yesterday said the government is mulling reviewing the caps in the wake of a sharp decline in credit growth. “We are monitoring the situation very closely. This will inform our next course of action, including reviewing the caps if that’s necessary,” said Mr Rotich in a separate event. mtangoja sanaaaaaaa This thing wont be reversed before elections....the signing was a political move Banksters pining for the bad old days of buccaneer banking need to get over their misplaced sense importance. Banks are fine just preserving shareholders capital and buying govt bonds We just learned from the recent strike that Kenyans can do without Doctors. Health care and Credit is like apples and mangoesWanjiku has survived very well without bank credit. Most mobile loans are borrowed at 4am by wanjiku mama mbogas so Wanjiku prefers expensive mobile credit to no credit Thanks to M-akiba the government is about to show it can do the same. 150 million is not even enough to fill Kabura's gunias And you fellows still think you are gods gift to the nation? Get real. Chill God loves you
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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wukan wrote:Wakanyugi wrote:watesh wrote:Spikes wrote:mkeiy wrote:Obi 1 Kanobi wrote:Everyone is hearing what they want to hear.
The president did not regret capping the bank rates, he said the lack of credit flow to SME's was an unfortunate consequence which he will work on. "work on" in my opinion does not equate to reversing the capping law (which by the way he can't even if he wanted to)
Let him use other means for example reduce the govt appetite for borrowing from the domestic market. Rate~cap days are numbered. No matter how deep the ostrich sinks its head in the bloody sand. HERECS Rotich's take as of yesterday 27th MarchTreasury secretary Henry Rotich yesterday said the government is mulling reviewing the caps in the wake of a sharp decline in credit growth. “We are monitoring the situation very closely. This will inform our next course of action, including reviewing the caps if that’s necessary,” said Mr Rotich in a separate event. mtangoja sanaaaaaaa This thing wont be reversed before elections....the signing was a political move Banksters pining for the bad old days of buccaneer banking need to get over their misplaced sense importance. Banks are fine just preserving shareholders capital and buying govt bonds We just learned from the recent strike that Kenyans can do without Doctors. Health care and Credit is like apples and mangoesWanjiku has survived very well without bank credit. Most mobile loans are borrowed at 4am by wanjiku mama mbogas so Wanjiku prefers expensive mobile credit to no credit Thanks to M-akiba the government is about to show it can do the same. 150 million is not even enough to fill Kabura's gunias And you fellows still think you are gods gift to the nation? Get real. Chill God loves you Someone said m akina could be a game changer if handled well...the govt can be borrowing at 10% or lower what alternative will banks be left with? possunt quia posse videntur
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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wukan wrote:Wakanyugi wrote:watesh wrote:Spikes wrote:mkeiy wrote:Obi 1 Kanobi wrote:Everyone is hearing what they want to hear.
The president did not regret capping the bank rates, he said the lack of credit flow to SME's was an unfortunate consequence which he will work on. "work on" in my opinion does not equate to reversing the capping law (which by the way he can't even if he wanted to)
Let him use other means for example reduce the govt appetite for borrowing from the domestic market. Rate~cap days are numbered. No matter how deep the ostrich sinks its head in the bloody sand. HERECS Rotich's take as of yesterday 27th MarchTreasury secretary Henry Rotich yesterday said the government is mulling reviewing the caps in the wake of a sharp decline in credit growth. “We are monitoring the situation very closely. This will inform our next course of action, including reviewing the caps if that’s necessary,” said Mr Rotich in a separate event. mtangoja sanaaaaaaa This thing wont be reversed before elections....the signing was a political move Banksters pining for the bad old days of buccaneer banking need to get over their misplaced sense importance. Banks are fine just preserving shareholders capital and buying govt bonds We just learned from the recent strike that Kenyans can do without Doctors. Health care and Credit is like apples and mangoesWanjiku has survived very well without bank credit. Most mobile loans are borrowed at 4am by wanjiku mama mbogas so Wanjiku prefers expensive mobile credit to no credit Thanks to M-akiba the government is about to show it can do the same. 150 million is not even enough to fill Kabura's gunias And you fellows still think you are gods gift to the nation? Get real. Chill God loves you Someone said m akina could be a game changer if handled well...the govt can be borrowing at 10% or lower what alternative will banks be left with? possunt quia posse videntur
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Rank: Elder Joined: 12/4/2009 Posts: 10,827 Location: NAIROBI
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maka wrote:wukan wrote:Wakanyugi wrote:watesh wrote:Spikes wrote:mkeiy wrote:Obi 1 Kanobi wrote:Everyone is hearing what they want to hear.
The president did not regret capping the bank rates, he said the lack of credit flow to SME's was an unfortunate consequence which he will work on. "work on" in my opinion does not equate to reversing the capping law (which by the way he can't even if he wanted to)
Let him use other means for example reduce the govt appetite for borrowing from the domestic market. Rate~cap days are numbered. No matter how deep the ostrich sinks its head in the bloody sand. HERECS Rotich's take as of yesterday 27th MarchTreasury secretary Henry Rotich yesterday said the government is mulling reviewing the caps in the wake of a sharp decline in credit growth. “We are monitoring the situation very closely. This will inform our next course of action, including reviewing the caps if that’s necessary,” said Mr Rotich in a separate event. mtangoja sanaaaaaaa This thing wont be reversed before elections....the signing was a political move Banksters pining for the bad old days of buccaneer banking need to get over their misplaced sense importance. Banks are fine just preserving shareholders capital and buying govt bonds We just learned from the recent strike that Kenyans can do without Doctors. Health care and Credit is like apples and mangoesWanjiku has survived very well without bank credit. Most mobile loans are borrowed at 4am by wanjiku mama mbogas so Wanjiku prefers expensive mobile credit to no credit Thanks to M-akiba the government is about to show it can do the same. 150 million is not even enough to fill Kabura's gunias And you fellows still think you are gods gift to the nation? Get real. Chill God loves you Someone said m akina could be a game changer if handled well...the govt can be borrowing at 10% or lower what alternative will banks be left with? M-Akiba can't be a game changer.Wanjiku has no money to sustain GoK appetite for borrowing. Money is with HNWI,Institutions and Foreign Investors Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,341 Location: nairobi
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Ericsson wrote:maka wrote:wukan wrote:Wakanyugi wrote:watesh wrote:Spikes wrote:mkeiy wrote:Obi 1 Kanobi wrote:Everyone is hearing what they want to hear.
The president did not regret capping the bank rates, he said the lack of credit flow to SME's was an unfortunate consequence which he will work on. "work on" in my opinion does not equate to reversing the capping law (which by the way he can't even if he wanted to)
Let him use other means for example reduce the govt appetite for borrowing from the domestic market. Rate~cap days are numbered. No matter how deep the ostrich sinks its head in the bloody sand. HERECS Rotich's take as of yesterday 27th MarchTreasury secretary Henry Rotich yesterday said the government is mulling reviewing the caps in the wake of a sharp decline in credit growth. “We are monitoring the situation very closely. This will inform our next course of action, including reviewing the caps if that’s necessary,” said Mr Rotich in a separate event. mtangoja sanaaaaaaa This thing wont be reversed before elections....the signing was a political move Banksters pining for the bad old days of buccaneer banking need to get over their misplaced sense importance. Banks are fine just preserving shareholders capital and buying govt bonds We just learned from the recent strike that Kenyans can do without Doctors. Health care and Credit is like apples and mangoesWanjiku has survived very well without bank credit. Most mobile loans are borrowed at 4am by wanjiku mama mbogas so Wanjiku prefers expensive mobile credit to no credit Thanks to M-akiba the government is about to show it can do the same. 150 million is not even enough to fill Kabura's gunias And you fellows still think you are gods gift to the nation? Get real. Chill God loves you Someone said m akina could be a game changer if handled well...the govt can be borrowing at 10% or lower what alternative will banks be left with? M-Akiba can't be a game changer.Wanjiku has no money to sustain GoK appetite for borrowing. Money is with HNWI,Institutions and Foreign Investors Excuse @maka.. He has limited knowledge of the financial sector.. Link http://www.businessdaily...68276-6dnvcxz/index.html COOP, IMH, KEGN, MTNU
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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obiero wrote:Ericsson wrote:maka wrote:wukan wrote:Wakanyugi wrote:watesh wrote:Spikes wrote:mkeiy wrote:[quote=Obi 1 Kanobi]Everyone is hearing what they want to hear.
The president did not regret capping the bank rates, he said the lack of credit flow to SME's was an unfortunate consequence which he will work on. "work on" in my opinion does not equate to reversing the capping law (which by the way he can't even if he wanted to)
Let him use other means for example reduce the govt appetite for borrowing from the domestic market. Rate~cap days are numbered. No matter how deep the ostrich sinks its head in the bloody sand. HERECS Rotich's take as of yesterday 27th MarchTreasury secretary Henry Rotich yesterday said the government is mulling reviewing the caps in the wake of a sharp decline in credit growth. “We are monitoring the situation very closely. This will inform our next course of action, including reviewing the caps if that’s necessary,” said Mr Rotich in a separate event. mtangoja sanaaaaaaa This thing wont be reversed before elections....the signing was a political move Banksters pining for the bad old days of buccaneer banking need to get over their misplaced sense importance. Banks are fine just preserving shareholders capital and buying govt bonds We just learned from the recent strike that Kenyans can do without Doctors. Health care and Credit is like apples and mangoesWanjiku has survived very well without bank credit. Most mobile loans are borrowed at 4am by wanjiku mama mbogas so Wanjiku prefers expensive mobile credit to no credit Thanks to M-akiba the government is about to show it can do the same. 150 million is not even enough to fill Kabura's gunias And you fellows still think you are gods gift to the nation? Get real. Chill God loves you Someone said m akina could be a game changer if handled well...the govt can be borrowing at 10% or lower what alternative will banks be left with? M-Akiba can't be a game changer.Wanjiku has no money to sustain GoK appetite for borrowing. Money is with HNWI,Institutions and Foreign Investors Excuse @maka.. He has limited knowledge of the financial sector.. Link http://www.businessdaily...8276-6dnvcxz/index.html[/quote] As long as the reversal needs to go through parliament, the banksters can do as many studies as they want, short of Ammergedon, the rate cap will not be reversed, not by MP's. "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Veteran Joined: 7/3/2007 Posts: 1,635
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Ericsson wrote:maka wrote:wukan wrote:Wakanyugi wrote:watesh wrote:Spikes wrote:mkeiy wrote:Obi 1 Kanobi wrote:Everyone is hearing what they want to hear.
The president did not regret capping the bank rates, he said the lack of credit flow to SME's was an unfortunate consequence which he will work on. "work on" in my opinion does not equate to reversing the capping law (which by the way he can't even if he wanted to)
Let him use other means for example reduce the govt appetite for borrowing from the domestic market. Rate~cap days are numbered. No matter how deep the ostrich sinks its head in the bloody sand. HERECS Rotich's take as of yesterday 27th MarchTreasury secretary Henry Rotich yesterday said the government is mulling reviewing the caps in the wake of a sharp decline in credit growth. “We are monitoring the situation very closely. This will inform our next course of action, including reviewing the caps if that’s necessary,” said Mr Rotich in a separate event. mtangoja sanaaaaaaa This thing wont be reversed before elections....the signing was a political move Banksters pining for the bad old days of buccaneer banking need to get over their misplaced sense importance. Banks are fine just preserving shareholders capital and buying govt bonds We just learned from the recent strike that Kenyans can do without Doctors. Health care and Credit is like apples and mangoesWanjiku has survived very well without bank credit. Most mobile loans are borrowed at 4am by wanjiku mama mbogas so Wanjiku prefers expensive mobile credit to no credit Thanks to M-akiba the government is about to show it can do the same. 150 million is not even enough to fill Kabura's gunias And you fellows still think you are gods gift to the nation? Get real. Chill God loves you Someone said m akina could be a game changer if handled well...the govt can be borrowing at 10% or lower what alternative will banks be left with? M-Akiba can't be a game changer.Wanjiku has no money to sustain GoK appetite for borrowing. Money is with HNWI,Institutions and Foreign Investors Famous last words. Consider: 1. The take up of M-Akiba is defying all expectations, high as they were. Rotich even wants to change the law to allow bigger transactions through Mpesa, to wit - COMPETION 2. The CBK Governor has lifted the moratorium on registering new banks - COMPETITION 3. I expect the ceiling on bank capitalization to be raised within the year; expect M&A action in the banking sector to heat up - CONSOLIDATION/COMPETITION And, if the above still does not get to you, maybe this will: The new constitution has not only limited the governments power of fiat, it has also introduced a new power center, in peoples activism. If banks wanted the cap lifted, the crude arm twisting, way they are going about it is exactly the wrong way. You don't believe me? Wait for KOT to get involved. Then there is this reality - banks have been screwing Wanjiku and SME's for eons. Threatening to screw them even more, unless the cap is lifted, is like asking a condemned man to chose between death by drowning and death by hanging. "The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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