Wazua
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Law Capping interest rates
Rank: Member Joined: 2/9/2012 Posts: 576
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Rank: Elder Joined: 6/23/2009 Posts: 14,326 Location: nairobi
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[quote=wazuaguest]SIdian CEO to exit http://www.businessdaily...6744-q0gtb4z/index.html[/quote] Things fall apart COOP, IMH, KEGN, KQ, MTNU
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Rank: Veteran Joined: 11/13/2015 Posts: 1,658
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We are now getting to see who was swimming naked  Quote:Nakumatt,” the retail chain says, even as it blames new laws capping interest rates for its recent troubles.
Nakumatt says the laws, passed in August last year, have made it difficult to access the short- to medium-term credit it relied on to run the business.
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Rank: Elder Joined: 6/23/2009 Posts: 14,326 Location: nairobi
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wukan wrote:We are now getting to see who was swimming naked Quote:Nakumatt,” the retail chain says, even as it blames new laws capping interest rates for its recent troubles.
Nakumatt says the laws, passed in August last year, have made it difficult to access the short- to medium-term credit it relied on to run the business. Kenya's economy is dying a quick and painful death COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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Standard Chartered Bank of Kenya gives notice to close its branch in Kisii town Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,939
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obiero wrote:wukan wrote:We are now getting to see who was swimming naked Quote:Nakumatt,” the retail chain says, even as it blames new laws capping interest rates for its recent troubles.
Nakumatt says the laws, passed in August last year, have made it difficult to access the short- to medium-term credit it relied on to run the business. Kenya's economy is dying a quick and painful death Nope, this guys siphoned money meant for operations at Nakumatt  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: 6/23/2009 Posts: 14,326 Location: nairobi
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Angelica _ann wrote:obiero wrote:wukan wrote:We are now getting to see who was swimming naked Quote:Nakumatt,” the retail chain says, even as it blames new laws capping interest rates for its recent troubles.
Nakumatt says the laws, passed in August last year, have made it difficult to access the short- to medium-term credit it relied on to run the business. Kenya's economy is dying a quick and painful death Nope, this guys siphoned money meant for operations at Nakumatt Most companies are reporting reductions in staff count, others closing shop.. It's not only Nakumatt. Nikubaya COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 6/23/2009 Posts: 14,326 Location: nairobi
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Citi now speaks on the rate cap http://www.businessdaily...98572-pbfolxz/index.html COOP, IMH, KEGN, KQ, MTNU
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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Government is playing the see no evil, hear no evil card on this rate capping monster. Bleed as the economy may; credit squeeze as the banks may - nothing is moving Government on this in the short term.
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Rank: Veteran Joined: 10/29/2008 Posts: 1,566
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winston wrote:Government is playing the see no evil, hear no evil card on this rate capping monster. Bleed as the economy may; credit squeeze as the banks may - nothing is moving Government on this in the short term. As soon as the elections are behind us, the obvious, long overdue corrective action will be taken. In the meantime, the economy may as well bleed all it wants, as in 'their' books, politics takes priority. Isuni yilu yi maa me muyo - ni Mbisuu
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Law Capping interest rates
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