wazua Thu, Mar 19, 2026
Welcome Guest Search | Active Topics | Log In

303 Pages«<250251252253254>»
Law Capping interest rates
Options
Previous Topic · Next Topic
obiero
#2511 Posted : Friday, June 15, 2018 1:40:55 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,215
Location: nairobi
mwekez@ji wrote:
obiero wrote:
mwekez@ji wrote:
mwekez@ji wrote:
obiero wrote:
Monk wrote:
winmak wrote:
obiero wrote:
murchr wrote:
mlennyma wrote:
Dead,burial plans underway


Laughing out loudly Laughing out loudly


Not soo fast. Hold on and observe. Hapa ndio watu hupigwa kumbo


Widest disparity in budgets are seen in a pre an immediate post election budget. All populist measures must go


It's going to be interesting to see how the SME sector deals with the latest blow, the presumptive tax in Jan 2019, to be able to renew their Business permits. They still have no access to credit from Banks to pay the tax upfront.

Plus when withdrawing KES 500,000 or more the government will keep 0.05% as Robin Hood tax! WTF! Meanwhile, rate cap is here to stay. All the noise being made is deflectionary to keep IMF happy


The Robin Hood Tax of 0.05% is to apply in transfers of money. Not on withdrawal.

In respect to repeal of interest rate caps, it's only parliament which is not supporting it. These caps have killed access to credit for SMEs and mwananchi.


And this Robin Hood tax should have been set from 1M and above. 500,000/- is quite low

So a transfer is not a withdrawal in your world?

To me transfer is TT, RTGS, EFT, etc. Over the counter withdrawal does not qualify in my world as a transfer

Agreed. A transfer can be a withdrawal unless it’s OTC. Semantics aside, it’s even worse to charge transfers due to duplicity, than OTC payment which are mostly one off for such sums. Plus 500K for upper SME is a figure that can be sighted every one to two weeks as turnover but not profit. Costs of goods may be pushed up to accommodate the Robin Hood maneno

KQ ABP 4.26
Back to top
WWW
  | | Edit by user: Friday, June 15, 2018 2:10 PM | Reason: Not specified
RIEK01
#2512 Posted : Friday, June 15, 2018 2:57:11 PM
Rank: New-farer

Joined: 2/8/2018
Posts: 73
Robbery in the hood..
Back to top
  |
obiero
#2513 Posted : Saturday, June 16, 2018 10:30:22 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,215
Location: nairobi
RIEK01 wrote:
Robbery in the hood..

The repeal will cripple us. We better live with the current interest rates. Those who can qualify wapewe! Sisi wengine Mungu atatulinda

KQ ABP 4.26
Back to top
WWW
  |
jgithige
#2514 Posted : Saturday, June 16, 2018 11:02:18 AM
Rank: Member

Joined: 7/10/2014
Posts: 145
Location: Nairobi
obiero wrote:
RIEK01 wrote:
Robbery in the hood..

The repeal will cripple us. We better live with the current interest rates. Those who can qualify wapewe! Sisi wengine Mungu atatulinda


Problem lies with unending appetite from our govt to borrow internally, they have crowded out the SMEs and to some extent corporate. Banks are enjoyin lendin to the risk free Govt. Interest capping would have worked if the govt was not a major player in domestic borrowing. Banks would be hawking their loans like jungu-karanga.
"Blowing out someone else candle won't make yours shine brighter"-Anonymous
Back to top
  |
mlennyma
#2515 Posted : Saturday, June 16, 2018 11:07:39 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
obiero wrote:
RIEK01 wrote:
Robbery in the hood..

The repeal will cripple us. We better live with the current interest rates. Those who can qualify wapewe! Sisi wengine Mungu atatulinda

Some will oppose but i don't think the president can be intimidated by any jubilee person on his agenda
"Don't let the fear of losing be greater than the excitement of winning."
Back to top
WWW
  |
Ericsson
#2516 Posted : Saturday, June 16, 2018 11:30:31 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
jgithige wrote:
obiero wrote:
RIEK01 wrote:
Robbery in the hood..

The repeal will cripple us. We better live with the current interest rates. Those who can qualify wapewe! Sisi wengine Mungu atatulinda


Problem lies with unending appetite from our govt to borrow internally, they have crowded out the SMEs and to some extent corporate. Banks are enjoyin lendin to the risk free Govt. Interest capping would have worked if the govt was not a major player in domestic borrowing. Banks would be hawking their loans like jungu-karanga.


True but interest rates cap law was not for the ordinary citizen.
It was GOK to borrow more at cheap rates and waste more
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
wukan
#2517 Posted : Saturday, June 16, 2018 11:34:51 AM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
mlennyma wrote:
obiero wrote:
RIEK01 wrote:
Robbery in the hood..

The repeal will cripple us. We better live with the current interest rates. Those who can qualify wapewe! Sisi wengine Mungu atatulinda

Some will oppose but i don't think the president can be intimidated by any jubilee person on his agenda


Did you notice the loud mumbling when CS Rotich mentioned the proposed repeal? Ain't happening brosmile This was more to tell the IMF we tried but the cow refused. Stay tuned for scenes from the next episodesmile
Back to top
  |
wukan
#2518 Posted : Saturday, June 16, 2018 11:41:38 AM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
Ericsson wrote:
jgithige wrote:
obiero wrote:
RIEK01 wrote:
Robbery in the hood..

The repeal will cripple us. We better live with the current interest rates. Those who can qualify wapewe! Sisi wengine Mungu atatulinda


Problem lies with unending appetite from our govt to borrow internally, they have crowded out the SMEs and to some extent corporate. Banks are enjoyin lendin to the risk free Govt. Interest capping would have worked if the govt was not a major player in domestic borrowing. Banks would be hawking their loans like jungu-karanga.


True but interest rates cap law was not for the ordinary citizen.
It was GOK to borrow more at cheap rates and waste more


There is also a theory that the rate cap law was a bank bailout.
Back to top
  |
obiero
#2519 Posted : Saturday, June 16, 2018 12:26:38 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,215
Location: nairobi
wukan wrote:
Ericsson wrote:
jgithige wrote:
obiero wrote:
RIEK01 wrote:
Robbery in the hood..

The repeal will cripple us. We better live with the current interest rates. Those who can qualify wapewe! Sisi wengine Mungu atatulinda


Problem lies with unending appetite from our govt to borrow internally, they have crowded out the SMEs and to some extent corporate. Banks are enjoyin lendin to the risk free Govt. Interest capping would have worked if the govt was not a major player in domestic borrowing. Banks would be hawking their loans like jungu-karanga.


True but interest rates cap law was not for the ordinary citizen.
It was GOK to borrow more at cheap rates and waste more


There is also a theory that the rate cap law was a bank bailout.

@wukan explain with aid of a diagram

KQ ABP 4.26
Back to top
WWW
  |
obiero
#2520 Posted : Saturday, June 16, 2018 6:22:34 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,215
Location: nairobi
Inconsistent governance https://www.businessdail...3526-14loa2mz/index.html

KQ ABP 4.26
Back to top
WWW
  |
303 Pages«<250251252253254>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.