Thank goodness I disposed of my bank stocks. Shocking move indeed

what has been the rate paid by your bank on your fixed deposit account? If you are not getting 10%, there must be something fundamentally wrong with you.

This is how I expect the situation to unfold.
1. Equity, Family Bank, Co-op etc, who largely cater for Wanjiku will be the worst affected because they are technically in a riskier business. The quality of their customers is very bad i.e largely Wanjiku.
2. KCB, I&M, DTB etc that cater for the upper middle class and the affluent (for KCB it is institutions), they will be better positioned because their customers have a higher value and less risk.
Assuming two banks lend at 14.5%, Equity and I & M, I & M will have less to worry about considering the nature of its customers. This bill is a kick in the nuts of James Mwangi and Gideon Muriuki

@David Ndii na hizo pessimism zake hazituletee!


This afternoon most of us are feeling high after hallucinations of interest caps.

How are you Mr. James Mwangi?