Wazua
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Law Capping interest rates
Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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I am betting on the dollar. Sehemu ndio nyumba
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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maka wrote:Yowel wrote:lochaz-index wrote:Mainat wrote:Now imagine if CBK was forced to raise interest rates due to Ksh weakening.
Uhuru reminds me of MOi in many ways That day is fast approaching. This one you are right and its scary. Now consider a scenario where the US fed raises its interest rate, the dollar strengthens, other currencies weaken and we have that huge dollar denominated debt. Interest rates will be raised to stem kes devaluation and we shall grind to a halt. Anarchy....  We've been preaching this gospel at the investors lounge thread. Many emerging nations currencies will be waterboarded by the USD. People were laughing at Zambia holding prayers for its economy and currency as it got ripped apart. This boat is about to get overloaded pretty soon. 2017 the USD will be a hated currency for the damage it will cause worldwide as it becomes a dragon!$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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hisah wrote:maka wrote:Yowel wrote:lochaz-index wrote:Mainat wrote:Now imagine if CBK was forced to raise interest rates due to Ksh weakening.
Uhuru reminds me of MOi in many ways That day is fast approaching. This one you are right and its scary. Now consider a scenario where the US fed raises its interest rate, the dollar strengthens, other currencies weaken and we have that huge dollar denominated debt. Interest rates will be raised to stem kes devaluation and we shall grind to a halt. Anarchy.... We've been preaching this gospel at the investors lounge thread. Many emerging nations currencies will be waterboarded by the USD. People were laughing at Zambia holding prayers for its economy and currency as it got ripped apart. This boat is about to get overloaded pretty soon. 2017 the USD will be a hated currency for the damage it will cause worldwide as it becomes a dragon! At a 13 year high and bears are losing it..Look at the breakout chart http://www.investopedia....dollar-hits-13year-high/
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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We are slowly moving towards reversing this retarded law. Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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Yowel wrote:Interesting Statistics: in 2007/2008 and the chaos that erupted, kenya's benchmark interest rate was at 8.5% it went as high as 18% in 2012. Inflation in 2008/2009 was 32%, 2012 was around 18%. The currency devaluation was from 63 to 80 against the usd.
So if next year we dare repeat the past. Our currency will be worse than Nigeria's
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Rank: Veteran Joined: 11/17/2009 Posts: 1,049
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Of course this law was ill advised. The common guy on the streets was happy about it(what do they ay about ignorance and bliss) but the so called benefits pale in comparison to the straits it causes the economy. Akin to giving a baby a knife to make them stop crying for it - the danger is more dire! Just as absolute power corrupts leaders, so does absolute fanaticism blind the people from logic
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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As KCB sleeps on its golden opportunity with Safaricom, CBA is laughing all the way to the bank 52% growth in net profit thanks to mshwari...not feeling that interest rate cap pinch
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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watesh wrote:As KCB sleeps on its golden opportunity with Safaricom, CBA is laughing all the way to the bank 52% growth in net profit thanks to mshwari...not feeling that interest rate cap pinch How come Equity Bank is not experiencing the same on their mobile platform? 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: Member Joined: 2/20/2007 Posts: 767
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Interest rate caps is the best thing to happen to Kenya. For once banks will lend sensibly and hopefully stem the channeling of funds into dead capital projects like buying land for speculation. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa
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Angelica _ann wrote:watesh wrote:As KCB sleeps on its golden opportunity with Safaricom, CBA is laughing all the way to the bank 52% growth in net profit thanks to mshwari...not feeling that interest rate cap pinch How come Equity Bank is not experiencing the same on their mobile platform? Probably because mshwari is still charging the 7.5pc 'fee' while equitel has complied with the rate cap
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Rank: Elder Joined: 6/23/2009 Posts: 13,554 Location: nairobi
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watesh wrote:As KCB sleeps on its golden opportunity with Safaricom, CBA is laughing all the way to the bank 52% growth in net profit thanks to mshwari...not feeling that interest rate cap pinch Most people don't really know the real reason why the cap bill was signed into law
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:watesh wrote:As KCB sleeps on its golden opportunity with Safaricom, CBA is laughing all the way to the bank 52% growth in net profit thanks to mshwari...not feeling that interest rate cap pinch Most people don't really know the real reason why the cap bill was signed into law Mmmmh what are you insinuating?  possunt quia posse videntur
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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maka wrote:obiero wrote:watesh wrote:As KCB sleeps on its golden opportunity with Safaricom, CBA is laughing all the way to the bank 52% growth in net profit thanks to mshwari...not feeling that interest rate cap pinch Most people don't really know the real reason why the cap bill was signed into law Mmmmh what are you insinuating? Was meant to give JUbilee gaaament cheap local loans going foreward! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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obiero wrote:watesh wrote:As KCB sleeps on its golden opportunity with Safaricom, CBA is laughing all the way to the bank 52% growth in net profit thanks to mshwari...not feeling that interest rate cap pinch Most people don't really know the real reason why the cap bill was signed into law Please!! Do you want to say it's because of Mshwari If Obiero did it, Who Am I?
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Impunity wrote:maka wrote:obiero wrote:watesh wrote:As KCB sleeps on its golden opportunity with Safaricom, CBA is laughing all the way to the bank 52% growth in net profit thanks to mshwari...not feeling that interest rate cap pinch Most people don't really know the real reason why the cap bill was signed into law Mmmmh what are you insinuating? Was meant to give JUbilee gaaament cheap local loans going foreward! Hata @obiero ameogopa kusema the way it is 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: 6/23/2009 Posts: 13,554 Location: nairobi
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Swenani wrote:obiero wrote:watesh wrote:As KCB sleeps on its golden opportunity with Safaricom, CBA is laughing all the way to the bank 52% growth in net profit thanks to mshwari...not feeling that interest rate cap pinch Most people don't really know the real reason why the cap bill was signed into law Please!! Do you want to say it's because of Mshwari You are one of the ignorant Kenyans
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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obiero wrote:Swenani wrote:obiero wrote:watesh wrote:As KCB sleeps on its golden opportunity with Safaricom, CBA is laughing all the way to the bank 52% growth in net profit thanks to mshwari...not feeling that interest rate cap pinch Most people don't really know the real reason why the cap bill was signed into law Please!! Do you want to say it's because of Mshwari You are one of the ignorant Kenyans If the reason we know for signing the bill into law is wrong; Then to me,That's the only link I can see between UK signing the bill and his ownership in CBA. If Obiero did it, Who Am I?
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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https://citizentv.co.ke/...stake-in-q1-2017-149973/Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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Ericsson wrote:https://citizentv.co.ke/business/cbk-to-conclude-sale-of-chase-bank-majority-stake-in-q1-2017-149973/ Ati KCB aje?
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Ericsson wrote:https://citizentv.co.ke/business/cbk-to-conclude-sale-of-chase-bank-majority-stake-in-q1-2017-149973/ KCB who know it best don't want to buy. Or was this the reason for cancelled rights issue? The investor's chief problem - and even his worst enemy - is likely to be himself
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