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Law Capping interest rates
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newfarer
#2891 Posted : Wednesday, October 30, 2019 6:36:28 AM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
Ericsson wrote:
FUNKY wrote:
https://www.nation.co.ke/news/MPs-agree-with-Uhuru-on-repealing-interest-caps/1056-5329594-view-asAMP-hnccjxz/index.html?__twitter_impression=true


Biggest beneficiaries is Mpigs

true and me too.sailing with the big fish sometimes can bring in good tidings
punda amecheka
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Ericsson
#2892 Posted : Wednesday, October 30, 2019 6:37:21 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
newfarer wrote:
“Notwithstanding the repeal of section 33 B, any agreement or arrangement to borrow or lend which was made or entered into...shall continue to be in force on such terms, including interest rates and for the duration specified in the agreement or arrangement,Applause Applause Applause


Banks will not reap immediately the law is repealed. It will take time
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#2893 Posted : Wednesday, October 30, 2019 7:27:42 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Ericsson wrote:
newfarer wrote:
“Notwithstanding the repeal of section 33 B, any agreement or arrangement to borrow or lend which was made or entered into...shall continue to be in force on such terms, including interest rates and for the duration specified in the agreement or arrangement,Applause Applause Applause


Banks will not reap immediately the law is repealed. It will take time


It will ease the mobile loan pressure.
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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MaichBlack
#2894 Posted : Wednesday, October 30, 2019 8:23:09 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,838
newfarer wrote:
“Notwithstanding the repeal of section 33 B, any agreement or arrangement to borrow or lend which was made or entered into...shall continue to be in force on such terms, including interest rates and for the duration specified in the agreement or arrangement,Applause Applause Applause

now the new rate can go to 1001% who cares

This is just a proposal. Not sure if Speaker Muturi will even allow it. You know who he will have to consult first...
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Superprime1
#2895 Posted : Wednesday, October 30, 2019 9:23:15 AM
Rank: Member

Joined: 5/2/2018
Posts: 267
FUNKY wrote:
https://www.nation.co.ke/news/MPs-agree-with-Uhuru-on-repealing-interest-caps/1056-5329594-view-asAMP-hnccjxz/index.html?__twitter_impression=true

Of course, what did we expect: after the NIC-CBA merger; it's time for the investment to make money.

Parte after parte
Down we mash up the place
Parte after parte
Down we mash up the place
Parte after parte
Down we mash up the place
Mash up the place
Big Trill on the beats
Mash up the place
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mlennyma
#2896 Posted : Wednesday, October 30, 2019 9:49:45 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Even rallying of bank stocks is economy recovery..this vindicates the president the caps were hurting the economy.it's the bank stocks which dipped the market most
"Don't let the fear of losing be greater than the excitement of winning."
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  | | Edit by user: Wednesday, October 30, 2019 9:57 AM | Reason: Not specified
Superprime1
#2897 Posted : Wednesday, October 30, 2019 10:00:00 AM
Rank: Member

Joined: 5/2/2018
Posts: 267
mlennyma wrote:
Even rallying of bank stocks is economy recovery..this vindicates the president the caps were hurting the economy.it's the bank stocks which dipped the market most

Serious bank stocks are on fire today!!Applause Applause Applause
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newfarer
#2898 Posted : Wednesday, October 30, 2019 10:04:37 AM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
MaichBlack wrote:
newfarer wrote:
“Notwithstanding the repeal of section 33 B, any agreement or arrangement to borrow or lend which was made or entered into...shall continue to be in force on such terms, including interest rates and for the duration specified in the agreement or arrangement,Applause Applause Applause

now the new rate can go to 1001% who cares

This is just a proposal. Not sure if Speaker Muturi will even allow it. You know who he will have to consult first...

what happens if he doesn't allow it? with the mpigs neck high in debts,won't there be great resistance. I would reach malice and greed if Uhuru fails to agree with the amendment given that even the banks proposed this.
punda amecheka
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mlennyma
#2899 Posted : Wednesday, October 30, 2019 10:05:15 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Superprime1 wrote:
mlennyma wrote:
Even rallying of bank stocks is economy recovery..this vindicates the president the caps were hurting the economy.it's the bank stocks which dipped the market most

Serious bank stocks are on fire today!!Applause Applause Applause

it's darkest before dawn...if Q3 is positive then Christmas must be arriving earlier
"Don't let the fear of losing be greater than the excitement of winning."
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watesh
#2900 Posted : Wednesday, October 30, 2019 10:25:07 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
They should get rid of the trading limits just for today on the banking stocks
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303 Pages«<288289290291292>»
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