Stanchart increases interest rate on loans in Kenya shillings to 27% effective 19 November 2015.
The payment amount will remain the same but tenure will be increased by 22 months

I was done paying my loan then you tell me on the last month that I have two more years to pay for free. This is outright theft sir.

How to make a country rich.

We have little of this.

We can have all the Standard Gauge railways and overpasses we want but until the average skill level rises, we ain't doing shit.

These doodads we're proud of (the railway, roads etc) are the macroscopic equivalent of owning a sports car and expensive electronics while living in a grass thatch with a pit latrine.

Real progress will come when people are paid to sit in laboratories. We have bright chaps stuck in miserable day jobs that have nothing to do with the Bachelors of Science or MSC's they pursued in school. Why? Because they have to buy unga at the end of the day.

#dropsTheMic.

Dont blame the TBill and bond rates.The rates are a consequence of poor decisions made earlier.and thus the increase which has an adverse effect to the common business man and common man at large.

Results of one year treasury bond issue;
Government issued a one year bond for a total amount of sh.20bn.Bids received amounted to ksh.31.48bn and total amount accepted was ksh.20.490bn.
Coupon rate is 22.954%
Purpose of the fund was new borrowing.

182-day treasury bill amount offered was ksh.4bn,bids received was ksh.4.877bn and amount accepted was ksh.4.868bn.
Interest rate is 22.292%
Purpose of the fund was rollover/redemptions.

364-day treasury bill amount offered was ksh.4bn,bids received was ksh.20.64bn and amount accepted was ksh.16.259bn.
Interest rate is 22.599%
Purpose of the fund was net repayment/new borrowing.