Wanjiku hayuko hapa

This is a platform where elitist, overfed fat cats (who think they are gods gift to the Kenyan economy, well they are not) come to practice their navel gazing.

They are the ones panicking, now that their beloved casino has been shaken a bit.

Wanjiku is too busy building the real economy.

So where does wanjiku get her money from?

Banks have some of the smartest Kenyans at their helms. Can you think of Mwangi, Oigara, Muriuki etc, quietly accepting these kinds of loses in the competitive markets we have today? Think about this:

The Governor has suspended the issuance of new banking licenses. Any bank that declines too much becomes an automatic take over target. We are likely to see some interesting M&A action in the banking sector over the next one year.

Even the problem of pricing risk in our unique environment has been mostly solved, or very soon will be. KCB, Equity et al moved over 30 billion in loans using their digital platforms in the last year - relying essentially on little more than a credit rating number and a digital profile. Watch how quickly the other Banks pile in. Mwangi's investment in Equitel suddenly begins to look prescient.

My point? Don't cry for banks. They will do OK. They always do.

Mostly from Shylocks, Chamas, SACOO's, Table banking, friends, relatives etc. No banks.

The cause of this drastic bill is largely because Banks joined the Shylock business long ago - which they sanitize by using long words.

Even Equity, which started out as Wanjikus Bank, joined the Shylock club some years ago.

And this is just paper loss.

Isn't it Warren Buffet who said if you cannot bare to wake up and see your stock losing value by 50% without panicking then you should not be in the stock market? Or something close to that.