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Law Capping interest rates
mkate_nusu
#461 Posted : Monday, August 22, 2016 12:03:56 AM
Rank: Member

Joined: 5/30/2016
Posts: 332
Location: Kayole
Everyone seems to be an expert on this topic
KEGN, KPLC, KQ, SCOM
guru267
#462 Posted : Monday, August 22, 2016 8:19:47 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mkate_nusu wrote:
Everyone seems to be an expert on this topic


Except those thinking that there is some political risk.
Mark 12:29
Deuteronomy 4:16
obiero
#463 Posted : Monday, August 22, 2016 8:44:43 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,256
Location: nairobi
guru267 wrote:
mkate_nusu wrote:
Everyone seems to be an expert on this topic


Except those thinking that there is some political risk.

Opinions are valid.. Let us all talk as Kenyans

MaichBlack
#464 Posted : Monday, August 22, 2016 12:29:41 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,872
obiero wrote:
Angelica _ann wrote:
This law was to affect banks only or all lenders..... Whole of lending financial institutions including microfinance?

It is specifically banks.. Shylocks, loansharks, safcon etc are exempt for now. How the media has decided on behalf of the president to state that he shall not sign is in bad taste

You guys have a lot to learn. You think a reporter or an editor wakes up one morning and dreams this things up and writes them with such conviction (not as an opinion, but as a fact)?

In politics and big business, you sometimes leak information (on purpose!) either to test the waters or to reduce the impact of the actual announcement. For example, the impact of the announcement that the bill will not be signed will not be that major when people are already "aware" it will not be signed. From a different angle, you could also do it to test the reaction either to change or modify your decision or to be prepared for the reaction and plan for it.

You should be asking yourselves where these reporters/editors got all these specifications facts including figures and why they had the guts to publish them as facts!

You should try the same @Obiero. Even at home. Having information that you might be planning to marry a second wife leaked to your wife...

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

On a light note (about the second wife).
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
MaichBlack
#465 Posted : Monday, August 22, 2016 12:33:45 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,872
obiero wrote:
Angelica _ann wrote:
This law was to affect banks only or all lenders..... Whole of lending financial institutions including microfinance?

It is specifically banks.. Shylocks, loansharks, safcon etc are exempt for now. How the media has decided on behalf of the president to state that he shall not sign is in bad taste

Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Pesa Nane
#466 Posted : Monday, August 22, 2016 3:58:08 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
MaichBlack wrote:
obiero wrote:
Angelica _ann wrote:
This law was to affect banks only or all lenders..... Whole of lending financial institutions including microfinance?

It is specifically banks.. Shylocks, loansharks, safcon etc are exempt for now. How the media has decided on behalf of the president to state that he shall not sign is in bad taste


One more time.

Pesa Nane plans to be shilingi when he grows up.
FRM2011
#467 Posted : Wednesday, August 24, 2016 9:10:27 AM
Rank: Elder

Joined: 11/5/2010
Posts: 2,459
The most vocal and persistent advocate for capping of interest rates has been cofek, the consumer rights lobby group.

After Equity released Q.2 results on Monday, this is what they posted on Twitter;

"How can a bank make 440bn in six months?" Seems nobody there can tell the difference between assets and profit.

Today, they will be holding a protest to pressure the president to sign the bill.

Banks must be smiling knowing the pro-capping group only has icpak as a serious voice. The rest are loud-mouthed opportunists with no coherent economic argument.
KulaRaha
#468 Posted : Wednesday, August 24, 2016 9:26:31 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
So what about non-bank rates like saccos, safaricom etc?
Business opportunities are like buses,there's always another one coming
Angelica _ann
#469 Posted : Wednesday, August 24, 2016 9:27:13 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Now that noise making has reduced, the president will return that Bill to parliament without the masses knowing!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
The Great
#470 Posted : Wednesday, August 24, 2016 11:10:33 AM
Rank: Member

Joined: 9/9/2015
Posts: 233
Why are we still on this topic? He was never signing. Arguement for or against dont help anyone.
"Buy when there's blood in the streets, even if the blood is your own."
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