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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Treasury Bills on Offer 91-DAY Issue Number: 2287/091 Auction Date 18th October, 2018 Previous Average Interest Rate:7.594 Value Date: 22nd October 2018 182-DAY Issue Number: 2260/182 Auction Date: 18th October 2018 :Previous Average Interest Rate 8.500 Value Dated: 22nd October 2018 364-DAY Issue Number: 2201/364 Auction Date: 18th October 2018 Previous Average Interest Rate: 9.607 Value Dated: 22nd October,2018 This is a total squeeze by Njoro yawa!!!! 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: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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maka wrote:
That's the other issue... They really need to have a proper alternative arrangement for that... Since when you open your account... You have your ID card.... Pin.... Your bank confirms that you are it's customer etc.... Interesting bit is diaspora guys can open accounts by sending their info via email (scanned copies et al)...
Also the issue of them calling you when you are selling at the secondary market... It's not necessary...
A proper secure platform can solve all these issues... It will also reduce the turnaround trading time....
CBK is stone age my broda. I don't understand why in this age of mpesa, ejijipay, jambonet, pesapal, trading shares on the NSE online and so on, A WHOLE CBK cannot even provide simple online access to one's treasury bonds or bills account. Even CDSC is far ahead of them on this. All I get is crumpled letters in my mail from them. Some of them are many months old! And for some reason some of the cbk letters have footprints.. Yes footprints on them! And the bidding is also stone age except for diaspora who can bid via email as you pointed out. I think they still use rotary phones hapo pia because on bidding days or results days nobody picks up! Bure ghabisa!
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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 ,footprints or shoeprints? MugundaMan wrote:
CBK is stone age my broda. I don't understand why in this age of mpesa, ejijipay, jambonet, pesapal, trading shares on the NSE online and so on, A WHOLE CBK cannot even provide simple online access to one's treasury bonds or bills account. Even CDSC is far ahead of them on this. All I get is crumpled letters in my mail from them. Some of them are many months old! And for some reason some of the cbk letters have footprints.. Yes footprints on them! And the bidding is also stone age except for diaspora who can bid via email as you pointed out. I think they still use rotary phones hapo pia because on bidding days or results days nobody picks up! Bure ghabisa!
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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MugundaMan wrote:maka wrote:
That's the other issue... They really need to have a proper alternative arrangement for that... Since when you open your account... You have your ID card.... Pin.... Your bank confirms that you are it's customer etc.... Interesting bit is diaspora guys can open accounts by sending their info via email (scanned copies et al)...
Also the issue of them calling you when you are selling at the secondary market... It's not necessary...
A proper secure platform can solve all these issues... It will also reduce the turnaround trading time....
CBK is stone age my broda. I don't understand why in this age of mpesa, ejijipay, jambonet, pesapal, trading shares on the NSE online and so on, A WHOLE CBK cannot even provide simple online access to one's treasury bonds or bills account. Even CDSC is far ahead of them on this. All I get is crumpled letters in my mail from them. Some of them are many months old! And for some reason some of the cbk letters have footprints.. Yes footprints on them! And the bidding is also stone age except for diaspora who can bid via email as you pointed out. I think they still use rotary phones hapo pia because on bidding days or results days nobody picks up! Bure ghabisa! Tell me about it...I never even open the letters...  They have totally refused to change, I dont know what can help them... possunt quia posse videntur
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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Chaka wrote: ,footprints or shoeprints? Shoeprints Thanks for the correction. Makes you wonder if they have so much time they engage in vigorous rhumba over them in the mailing room before they send them out!
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Rank: Member Joined: 5/6/2008 Posts: 199
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RSA Retail Savings BondsThey don’t have to look far for good examples
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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maka wrote:MugundaMan wrote:maka wrote:
That's the other issue... They really need to have a proper alternative arrangement for that... Since when you open your account... You have your ID card.... Pin.... Your bank confirms that you are it's customer etc.... Interesting bit is diaspora guys can open accounts by sending their info via email (scanned copies et al)...
Also the issue of them calling you when you are selling at the secondary market... It's not necessary...
A proper secure platform can solve all these issues... It will also reduce the turnaround trading time....
CBK is stone age my broda. I don't understand why in this age of mpesa, ejijipay, jambonet, pesapal, trading shares on the NSE online and so on, A WHOLE CBK cannot even provide simple online access to one's treasury bonds or bills account. Even CDSC is far ahead of them on this. All I get is crumpled letters in my mail from them. Some of them are many months old! And for some reason some of the cbk letters have footprints.. Yes footprints on them! And the bidding is also stone age except for diaspora who can bid via email as you pointed out. I think they still use rotary phones hapo pia because on bidding days or results days nobody picks up! Bure ghabisa! Tell me about it...I never even open the letters... They have totally refused to change, I dont know what can help them... It's unfortunate. I hope someone from CBK is reading this thread so they can tell their bosses we have been suffering for ages!
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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BTW,are CBK employees allowed to participate in TBill auctions?
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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Chaka wrote:BTW,are CBK employees allowed to participate in TBill auctions? I would imagine so. I do not see any conflict of interest unless they sneak their bids (whether competitive or non) into the system beyond the cutoff date/time, but that would be a criminal offence IMHO
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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MugundaMan wrote:Chaka wrote:BTW,are CBK employees allowed to participate in TBill auctions? I would imagine so. I do not see any conflict of interest unless they sneak their bids (whether competitive or non) into the system beyond the cutoff date/time, but that would be a criminal offence IMHO True... possunt quia posse videntur
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Rank: Member Joined: 4/21/2015 Posts: 151
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Angelica _ann wrote:
Treasury Bills on Offer
91-DAY
Issue Number: 2287/091 Auction Date 18th October, 2018 Previous Average Interest Rate:7.594 Value Date: 22nd October 2018
182-DAY
Issue Number: 2260/182 Auction Date: 18th October 2018 :Previous Average Interest Rate 8.500 Value Dated: 22nd October 2018
364-DAY
Issue Number: 2201/364 Auction Date: 18th October 2018 Previous Average Interest Rate: 9.607 Value Dated: 22nd October,2018
This is a total squeeze by Njoro yawa!!!!
I agree. SACCOs can do better than this!
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Maka, did they reopen the 15yr paper again even b4 the result of the last weeks offer is announced ? The paper is fixed at 12.75%pa. Pls say something Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Impunity wrote:Maka, did they reopen the 15yr paper again even b4 the result of the last weeks offer is announced ?
The paper is fixed at 12.75%pa.
Pls say something Results were out kitambo... https://www.centralbank....20DATED%2022-10-2018.pdfpossunt quia posse videntur
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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https://www.standardmedi...d-to-buy-corporate-bondsIn 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: Member Joined: 1/1/2010 Posts: 511 Location: kandara, Murang'a
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What happened to Infrastructure bonds? Nimeemaliza pesa nikigoja Foresight..
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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gatoho wrote:What happened to Infrastructure bonds? Nimeemaliza pesa nikigoja Cash in hand burns holes in pockets, rafiki. Ungenunua ka 1/8th in dustbowl (or many more depending on amount of cash in question) to do what I call "land banking" yaani 30% interest rates on the round trip stamp duty inclusive! I learnt anaa very good lesson about not keeping too much cash at hand. When you have investment commitments to pay for monthly it keeps one on their toes in terms of spending discipline until everything is paid off(and im not talking loans). But if the cash is just there hapo hapo relaxing in the account sooner or later it will invent a use for itself without one's knowledge!
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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gatoho wrote:What happened to Infrastructure bonds? Nimeemaliza pesa nikigoja Hadi next year... possunt quia posse videntur
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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maka wrote:gatoho wrote:What happened to Infrastructure bonds? Nimeemaliza pesa nikigoja Hadi next year... Hadi 2021; Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 4/21/2015 Posts: 151
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Ericsson wrote:maka wrote:gatoho wrote:What happened to Infrastructure bonds? Nimeemaliza pesa nikigoja Hadi next year... Hadi 2021; Last year there was one in Nov, the year before it was in 0ct. The Nov schedule from CBK is not out yet.Any proof from team 2019 or 2021?
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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AndyC wrote:Ericsson wrote:maka wrote:gatoho wrote:What happened to Infrastructure bonds? Nimeemaliza pesa nikigoja Hadi next year... Hadi 2021; Last year there was one in Nov, the year before it was in 0ct. The Nov schedule from CBK is not out yet.Any proof from team 2019 or 2021? Proof ..... Jubilee gave up on infrastructure development based on the recent budget that was forced on us. 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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