If Uhuru signs the Bill this will be hat-trick against his own interests. From an economic perspective (inflation, capital flight, contracted lending etc), a business perspective (CBA) and political perspective (due to economic trouble, loss of credibility among the business class, political donations, RAO already pushing for it etc)

I actually want him to sign it, the same way I want Americans to elect Trump and how I wanted Britons to vote for Brexit. These are real life experiences on the effects negative or otherwise of populist policy.

Bankers here are scaremongering.I want to get that 7% on my deposit.the banks won't refuse to take my cash deposits by setting unreasonable rules, the ceo of the bank will be Put inside for going against the law

They are really terrified. See some numbers below.

Should the bill become law, this is the change in interest expense for the top five.

KCB rise from 17bn to 29bn
Equity rise from 6.8b to 21b
Co-op from 12.1b to 18.5b
Barclays from 4.2b to 11.4b
Stanchart from 3.9b to 12b.

Co-op with an average deposit rate of 5.5% would be the least hit. But I saw something in their books that must be terrifying them.

You have heard that threat about not lending to high risk borrowers like unsecured personal loans. Their loan book is composed of 35% unsecured personal loans. It earns them the highest interest income. Should they even slow down lending to that category, let alone stop, they would be in loss making territory right away.

For equity bank, let's just say James Mwangi and co. would no longer be billionaires.

Then at that point our @midiwo and @duale will ammend the law again to ensure those ridicullous requirements are declared null and void...you cant beat the gaaament!

No one in Kenya should claim to understand how economics works, the entire financial system is a mess thanks to these quack economists.