bad news to me. korti bandia...how much were the judges paid ..kinoti haji some work for you there.hope someone will appeal against this ruling.

given free hand in setting the rates, the greedy banks will make many beggars.what happens if MPs don't pass the amendments in the 12 months? will it automatically become effective without backing laws

Let Omtata appeal if he wishes.

I am against any government caps on anything. I think you have seen my issue with farmers. But at the same time I still believe gov't should never ever be involved in pricing.

Even this issue of matatu pricing. I am totally against it.

Let the banks set their rates.

Thus far the CBK and gov't have been using the banks as their punch boys. Listen. Interest rates go up or down depending on gov't policy.

Since Kenyan gov't policy is either raira charo nefa mbe, Kibaki tosha and such nonsense we get lazy policy makers.

I really hate Kenyan banks. But I don't believe that gov't pricing has ever helped any economy. After all, who told you to seek a loan from Stanchart? Ni mamayako?


That's my view and I ain't changing it.

You will surprised. Agree with 80% of you and 60% hardwood.

I just don't like how you go about making your points. Getting boogeymen is not something I like.

I am a conservative liberal. I believe in status quo until I hear a point by point rebutall. That's why as much as I don't like gay people, I found out that hating them only makes my freedom to go with my maid worse.

Kapish..

Lakini, I'm hating these conservatives who are now in gov't. They are bad for our economy. As in the only alternative I have is David Ndii and he's also wrong.

We don't have economists in these stupid mpigs we voted in. Just look at the Brexit debate. If it was in Kenya Raila would have been on one side and Ruto on one side and you would have been f***ed either way. These guys are looking at sentences. Sentences. Coz at least their mpigs employ a wise man or woman and not gashungwas and gashugwalets.

Murchr

I really don't know what you do. But you guys have to get your shit in order and stop following Itumbi. He's just a diploma guy who can't write in grammar unless he uses a software.

We are in serious territory so it's time to get serious people.

A gov't that continuously ads regulation is the reason we have Trump. Every day a tax.

Forget and forget this war against corruption. No one is is above this as long as you are being taxed for bread and fuel.

I just had a viceroy...Hope NSIS has noted my comment. Who cares. I never lie and not paid. Just get good people who can think. I love the new Education CS for example.

me too .if you are creditwothy you should not have problem with the cap..I have seen banks beg me to take loan with them. shida iko wapi?

Ditto, last year banking as an industry made record profits. And yes, if you are credit worthy, banks are still begging you to borrow, for example they are constantly sending me new borrowing options and products to choose from.

What the rate cap does is it allows for predictability of interest charges.

By the way, the capping of rates is not govt price fixing, its simply a regulation, banks can still compete and lend at CBR+1, or2, or3, or4, but no they won't, we no they are greedy and would rather lend at +4. I am yet to hear of any customer who is getting a lower than CBR+4 because of his good credit ratings

If this trucking business was so good and flourishing, why didn't the banks continue to finance it even after the caps? something doesn't add up. Perhaps it was all along a poor business being propped up by availability of credit

The banks stopped financing SMEs in general because our crooked and greedy government is borrowing from the same banks at 13%. Why would a bank bother employing credit analysts to process customer applications while a corrupt govt wants the same money. 100% risk free.

Everything is propped up by availability of credit. Even GoK was begging wanjiku for credit on M-Akiba. Money=Debt that's how the modern economy works.

On the High court decision it was a hollow victory. On the critical issue of monetary policy the court was not convinced interest rates is a function of monetary policy( ) essentially said it can be run on whims of politicians so parliament should straighten up the language in the law to remove vagueness and equally punish banks and customers who want to borrow outside of the law. All in all it was a very dumb decision not worth discussion on wazua

I have never found anyone to explain to me, in simple language that my simple mind can understand, how on earth does someone who was servicing loans on time at 20% interest suddenly become a poor credit risk at 13% interest.
Even senior bankers cannot explain this phenomenon.