MPs publish bill to tame interest rates

@VVS here we go again. I still expect politicians to continue taking the easiest way out while gok deflects attention from its debt mount and ugly corruption. The mood is skewed against the bank and cbk too will seize the opportunity. As for corruption more gok collection will be channelled via mpesa bank as a stop gap measure (cash ban!). I never expected such a play to show up where one would be debating whether to buy a bank stock vs mpesa instead of bank stock vs bank stock!! Mpesa bank will definitely continue to outperform the market for being in biz with govt of the day and in future!

The next phase is mpesa bank split for ease of monitoring.

I am of the opinion that the Bill means well for Kenyans.

However, like Joe Donde in the 90s, the MPs will find that this won't be a walk in the park; Banks are in bed with influential people including the Top Guy (read CBA).

What will happen with Banks insatiable appetite for 'profitable' rates in the face of their declining roles in the financial landscape ??
Methinks the easiest option is lending rates.

As for the Govt's skewed economic policies, instead of supporting such a move to stimulate the economy via affordable credit, you can be sure they'll resist it and continue taxing Water, juice, Beer, Cigaretes and our 'Brand new' ex-japan cars...

I'm very green in stocks. would like advice on where to invest in the current market. please wazuans....advice the greenhorn. will greatly appreciate.

Those with eyes have seen. SCOM close to all time high of KES 17, HFCK rushing towards KES 30

the year before erections stocks are bullish will next year follow history?