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Law Capping interest rates
Rank: Elder Joined: 6/23/2009 Posts: 13,506 Location: nairobi
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murchr wrote:mlennyma wrote:Dead,burial plans underway  Not soo fast. Hold on and observe. Hapa ndio watu hupigwa kumbo
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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obiero wrote:murchr wrote:mlennyma wrote:Dead,burial plans underway Not soo fast. Hold on and observe. Hapa ndio watu hupigwa kumbo And GOK intends to borrow heavily from the domestic market Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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obiero wrote:murchr wrote:mlennyma wrote:Dead,burial plans underway Not soo fast. Hold on and observe. Hapa ndio watu hupigwa kumbo Widest disparity in budgets are seen in a pre an immediate post election budget. All populist measures must go For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Member Joined: 7/1/2009 Posts: 256
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winmak wrote:obiero wrote:murchr wrote:mlennyma wrote:Dead,burial plans underway Not soo fast. Hold on and observe. Hapa ndio watu hupigwa kumbo Widest disparity in budgets are seen in a pre an immediate post election budget. All populist measures must go It's going to be interesting to see how the SME sector deals with the latest blow, the presumptive tax in Jan 2019, to be able to renew their Business permits. They still have no access to credit from Banks to pay the tax upfront.
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Rank: Elder Joined: 6/23/2009 Posts: 13,506 Location: nairobi
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Monk wrote:winmak wrote:obiero wrote:murchr wrote:mlennyma wrote:Dead,burial plans underway Not soo fast. Hold on and observe. Hapa ndio watu hupigwa kumbo Widest disparity in budgets are seen in a pre an immediate post election budget. All populist measures must go It's going to be interesting to see how the SME sector deals with the latest blow, the presumptive tax in Jan 2019, to be able to renew their Business permits. They still have no access to credit from Banks to pay the tax upfront. Plus when withdrawing KES 500,000 or more the government will keep 0.05% as Robin Hood tax! WTF! Meanwhile, rate cap is here to stay. All the noise being made is deflectionary to keep IMF happy
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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obiero wrote:Monk wrote:winmak wrote:obiero wrote:murchr wrote:mlennyma wrote:Dead,burial plans underway Not soo fast. Hold on and observe. Hapa ndio watu hupigwa kumbo Widest disparity in budgets are seen in a pre an immediate post election budget. All populist measures must go It's going to be interesting to see how the SME sector deals with the latest blow, the presumptive tax in Jan 2019, to be able to renew their Business permits. They still have no access to credit from Banks to pay the tax upfront. Plus when withdrawing KES 500,000 or more the government will keep 0.05% as Robin Hood tax! WTF! Meanwhile, rate cap is here to stay. All the noise being made is deflectionary to keep IMF happy The Robin Hood Tax of 0.05% is to apply in transfers of money. Not on withdrawal. In respect to repeal of interest rate caps, it's only parliament which is not supporting it. These caps have killed access to credit for SMEs and mwananchi.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:obiero wrote:Monk wrote:winmak wrote:obiero wrote:murchr wrote:mlennyma wrote:Dead,burial plans underway Not soo fast. Hold on and observe. Hapa ndio watu hupigwa kumbo Widest disparity in budgets are seen in a pre an immediate post election budget. All populist measures must go It's going to be interesting to see how the SME sector deals with the latest blow, the presumptive tax in Jan 2019, to be able to renew their Business permits. They still have no access to credit from Banks to pay the tax upfront. Plus when withdrawing KES 500,000 or more the government will keep 0.05% as Robin Hood tax! WTF! Meanwhile, rate cap is here to stay. All the noise being made is deflectionary to keep IMF happy The Robin Hood Tax of 0.05% is to apply in transfers of money. Not on withdrawal. In respect to repeal of interest rate caps, it's only parliament which is not supporting it. These caps have killed access to credit for SMEs and mwananchi. And this Robin Hood tax should have been set from 1M and above. 500,000/- is quite low
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Rank: Elder Joined: 6/23/2009 Posts: 13,506 Location: nairobi
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mwekez@ji wrote:mwekez@ji wrote:obiero wrote:Monk wrote:winmak wrote:obiero wrote:murchr wrote:mlennyma wrote:Dead,burial plans underway Not soo fast. Hold on and observe. Hapa ndio watu hupigwa kumbo Widest disparity in budgets are seen in a pre an immediate post election budget. All populist measures must go It's going to be interesting to see how the SME sector deals with the latest blow, the presumptive tax in Jan 2019, to be able to renew their Business permits. They still have no access to credit from Banks to pay the tax upfront. Plus when withdrawing KES 500,000 or more the government will keep 0.05% as Robin Hood tax! WTF! Meanwhile, rate cap is here to stay. All the noise being made is deflectionary to keep IMF happy The Robin Hood Tax of 0.05% is to apply in transfers of money. Not on withdrawal. In respect to repeal of interest rate caps, it's only parliament which is not supporting it. These caps have killed access to credit for SMEs and mwananchi. And this Robin Hood tax should have been set from 1M and above. 500,000/- is quite low So a transfer is not a withdrawal in your world?
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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obiero wrote:mwekez@ji wrote:mwekez@ji wrote:obiero wrote:Monk wrote:winmak wrote:obiero wrote:murchr wrote:mlennyma wrote:Dead,burial plans underway Not soo fast. Hold on and observe. Hapa ndio watu hupigwa kumbo Widest disparity in budgets are seen in a pre an immediate post election budget. All populist measures must go It's going to be interesting to see how the SME sector deals with the latest blow, the presumptive tax in Jan 2019, to be able to renew their Business permits. They still have no access to credit from Banks to pay the tax upfront. Plus when withdrawing KES 500,000 or more the government will keep 0.05% as Robin Hood tax! WTF! Meanwhile, rate cap is here to stay. All the noise being made is deflectionary to keep IMF happy The Robin Hood Tax of 0.05% is to apply in transfers of money. Not on withdrawal. In respect to repeal of interest rate caps, it's only parliament which is not supporting it. These caps have killed access to credit for SMEs and mwananchi. And this Robin Hood tax should have been set from 1M and above. 500,000/- is quite low So a transfer is not a withdrawal in your world? To me transfer is TT, RTGS, EFT, etc. Over the counter withdrawal does not qualify in my world as a transfer
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Rank: Member Joined: 10/6/2009 Posts: 587
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mwekez@ji wrote:obiero wrote:Monk wrote:winmak wrote:obiero wrote:murchr wrote:mlennyma wrote:Dead,burial plans underway Not soo fast. Hold on and observe. Hapa ndio watu hupigwa kumbo Widest disparity in budgets are seen in a pre an immediate post election budget. All populist measures must go It's going to be interesting to see how the SME sector deals with the latest blow, the presumptive tax in Jan 2019, to be able to renew their Business permits. They still have no access to credit from Banks to pay the tax upfront. Plus when withdrawing KES 500,000 or more the government will keep 0.05% as Robin Hood tax! WTF! Meanwhile, rate cap is here to stay. All the noise being made is deflectionary to keep IMF happy The Robin Hood Tax of 0.05% is to apply in transfers of money. Not on withdrawal. In respect to repeal of interest rate caps, it's only parliament which is not supporting it. These caps have killed access to credit for SMEs and mwananchi. @Mwekez@ji...I think you don't live in Kenya my fren. Just go down to the roots and ask the people individually and you will see how how much of an analyst you are 
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Rank: Elder Joined: 6/23/2009 Posts: 13,506 Location: nairobi
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mwekez@ji wrote:obiero wrote:mwekez@ji wrote:mwekez@ji wrote:obiero wrote:Monk wrote:winmak wrote:obiero wrote:murchr wrote:mlennyma wrote:Dead,burial plans underway Not soo fast. Hold on and observe. Hapa ndio watu hupigwa kumbo Widest disparity in budgets are seen in a pre an immediate post election budget. All populist measures must go It's going to be interesting to see how the SME sector deals with the latest blow, the presumptive tax in Jan 2019, to be able to renew their Business permits. They still have no access to credit from Banks to pay the tax upfront. Plus when withdrawing KES 500,000 or more the government will keep 0.05% as Robin Hood tax! WTF! Meanwhile, rate cap is here to stay. All the noise being made is deflectionary to keep IMF happy The Robin Hood Tax of 0.05% is to apply in transfers of money. Not on withdrawal. In respect to repeal of interest rate caps, it's only parliament which is not supporting it. These caps have killed access to credit for SMEs and mwananchi. And this Robin Hood tax should have been set from 1M and above. 500,000/- is quite low So a transfer is not a withdrawal in your world? To me transfer is TT, RTGS, EFT, etc. Over the counter withdrawal does not qualify in my world as a transfer Agreed. A transfer can be a withdrawal unless it’s OTC. Semantics aside, it’s even worse to charge transfers due to duplicity, than OTC payment which are mostly one off for such sums. Plus 500K for upper SME is a figure that can be sighted every one to two weeks as turnover but not profit. Costs of goods may be pushed up to accommodate the Robin Hood maneno
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: New-farer Joined: 2/8/2018 Posts: 73
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Rank: Elder Joined: 6/23/2009 Posts: 13,506 Location: nairobi
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RIEK01 wrote:Robbery in the hood.. The repeal will cripple us. We better live with the current interest rates. Those who can qualify wapewe! Sisi wengine Mungu atatulinda
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 7/10/2014 Posts: 145 Location: Nairobi
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obiero wrote:RIEK01 wrote:Robbery in the hood.. The repeal will cripple us. We better live with the current interest rates. Those who can qualify wapewe! Sisi wengine Mungu atatulinda Problem lies with unending appetite from our govt to borrow internally, they have crowded out the SMEs and to some extent corporate. Banks are enjoyin lendin to the risk free Govt. Interest capping would have worked if the govt was not a major player in domestic borrowing. Banks would be hawking their loans like jungu-karanga. "Blowing out someone else candle won't make yours shine brighter"-Anonymous
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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obiero wrote:RIEK01 wrote:Robbery in the hood.. The repeal will cripple us. We better live with the current interest rates. Those who can qualify wapewe! Sisi wengine Mungu atatulinda Some will oppose but i don't think the president can be intimidated by any jubilee person on his agenda "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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jgithige wrote:obiero wrote:RIEK01 wrote:Robbery in the hood.. The repeal will cripple us. We better live with the current interest rates. Those who can qualify wapewe! Sisi wengine Mungu atatulinda Problem lies with unending appetite from our govt to borrow internally, they have crowded out the SMEs and to some extent corporate. Banks are enjoyin lendin to the risk free Govt. Interest capping would have worked if the govt was not a major player in domestic borrowing. Banks would be hawking their loans like jungu-karanga. True but interest rates cap law was not for the ordinary citizen. It was GOK to borrow more at cheap rates and waste more Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 11/13/2015 Posts: 1,590
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mlennyma wrote:obiero wrote:RIEK01 wrote:Robbery in the hood.. The repeal will cripple us. We better live with the current interest rates. Those who can qualify wapewe! Sisi wengine Mungu atatulinda Some will oppose but i don't think the president can be intimidated by any jubilee person on his agenda Did you notice the loud mumbling when CS Rotich mentioned the proposed repeal? Ain't happening bro This was more to tell the IMF we tried but the cow refused. Stay tuned for scenes from the next episode
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Rank: Veteran Joined: 11/13/2015 Posts: 1,590
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Ericsson wrote:jgithige wrote:obiero wrote:RIEK01 wrote:Robbery in the hood.. The repeal will cripple us. We better live with the current interest rates. Those who can qualify wapewe! Sisi wengine Mungu atatulinda Problem lies with unending appetite from our govt to borrow internally, they have crowded out the SMEs and to some extent corporate. Banks are enjoyin lendin to the risk free Govt. Interest capping would have worked if the govt was not a major player in domestic borrowing. Banks would be hawking their loans like jungu-karanga. True but interest rates cap law was not for the ordinary citizen. It was GOK to borrow more at cheap rates and waste more There is also a theory that the rate cap law was a bank bailout.
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Rank: Elder Joined: 6/23/2009 Posts: 13,506 Location: nairobi
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wukan wrote:Ericsson wrote:jgithige wrote:obiero wrote:RIEK01 wrote:Robbery in the hood.. The repeal will cripple us. We better live with the current interest rates. Those who can qualify wapewe! Sisi wengine Mungu atatulinda Problem lies with unending appetite from our govt to borrow internally, they have crowded out the SMEs and to some extent corporate. Banks are enjoyin lendin to the risk free Govt. Interest capping would have worked if the govt was not a major player in domestic borrowing. Banks would be hawking their loans like jungu-karanga. True but interest rates cap law was not for the ordinary citizen. It was GOK to borrow more at cheap rates and waste more There is also a theory that the rate cap law was a bank bailout. @wukan explain with aid of a diagram
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,506 Location: nairobi
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Inconsistent governance https://www.businessdail...3526-14loa2mz/index.html
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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