What do you mean "we are watching" and "the MPs are heavily indebted"..... What can we as Wanjikus do? As Maraga said, hii nchi ina wenyewe. Are you suggesting that all these MPigs when they were passing the bill they momentarily forgot that they are heavily indebted? Lets just say as things stand, we are in deep sh*t.

"The MPs shielded the people with existing loans from higher rates...".

Where did this writer get this from?? Is there something I am missing? I am not aware of such an amendment going through.

“We are not going to see a massive change. As a leader in the industry, we don’t see an opportunity to go back to the old behaviour of high rates,” he added.KCB CEO Joshua oigara

wenyewe wamesema

The Finance committee tabled their report which contained an amendment on existing loans. There was lack of quorum in the house and therefore the report, together with the amendment therein, was never debated.

The pertinent question should now be:- is it these committee's report that was passed in lieu of quorum or was it the President's memo to the house that was passed as it were without any amendment.

My understanding is that the house was meant to debate and pass the Finance committee's report and not the president's memo directly. Am however not a lawyer.

Have you been living in Kenya??? Even when people were paying 25%, the (advertised) "base rate" was around 18%. But your risk level had to be at almost 0.00% to get a loan at that rate.

It was coming,

let's say wacha tuone.asin lets wait and see.

With no company being cum dividend we may even go much lower than before news of rate cap trickled in.