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Law Capping interest rates
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mlennyma
#1861 Posted : Friday, February 10, 2017 10:26:19 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
obiero wrote:
mlennyma wrote:
obiero wrote:
actuarywahisa wrote:
mlennyma wrote:
HaMaina wrote:
mlennyma wrote:
This law is on it's death bed,buy bank stocks,insiders know that and I think that's why the volumes have been swelling


For the law makers to even consider changing it, they must first be debt free and with little use for any future debts, and this I don't see. The bankers made their worst mistake by allowing this law to become a law, despite the CBK governor informing them what was going on and the consequences that they faced.

This law can't be pegged on current parliament, majority are going home by August,i foresee an amendment in this year's finance bill


Even incoming mps will neither be debt free nor without need for future debt.

No better time to invest in the NSE, especially large cap financials

i hope Q1 brings up the panic for me to buy

Yesterday's combined turnover on financials was in excess of 30m shares.. Smart moves already in play

true and still going on.its very easy to be left out because equity was at 23 and now 28,even if you were buying equity for speculation at 23 you would be ok to sell now
"Don't let the fear of losing be greater than the excitement of winning."
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  | | Edit by user: Friday, February 10, 2017 10:37 AM | Reason: Not specified
Ngalaka
#1862 Posted : Friday, February 10, 2017 10:56:42 AM
Rank: Veteran

Joined: 10/29/2008
Posts: 1,566
This interest cap law has many facets to it.
- By the time it is lifted, 'Wanjiku'(including wazuans) will have been played and the intended political goal effectively achieved.
- The directly impacted counters in NSE that are currently highly discounted as a result, will rebound by significant percentages.
...
Isuni yilu yi maa me muyo - ni Mbisuu
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  | | Edit by user: Friday, February 10, 2017 12:27 PM | Reason: Not specified
KulaRaha
#1863 Posted : Friday, February 10, 2017 12:52:40 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
While you all wait for the rate cap to go, dont forget there is an amendment coming where total cost of credit should not exceed 14%.

And, GoK deposits should only sit in bank with min 20% GoK shareholding.

Wishful thinking.
Business opportunities are like buses,there's always another one coming
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Ericsson
#1864 Posted : Friday, February 10, 2017 1:24:52 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,810
Location: NAIROBI
https://www.bloomberg.co...lling-finance-chief-says
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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KulaRaha
#1865 Posted : Friday, February 10, 2017 1:53:14 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Ericsson wrote:
https://www.bloomberg.com/news/articles/2017-02-09/kenya-may-raise-rates-to-protect-shilling-finance-chief-says


Let us see what happens with this month's bond.
Business opportunities are like buses,there's always another one coming
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lochaz-index
#1866 Posted : Friday, February 10, 2017 2:35:12 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Ericsson wrote:
https://www.bloomberg.com/news/articles/2017-02-09/kenya-may-raise-rates-to-protect-shilling-finance-chief-says

They don't have much of a choice here both in the short and medium term.
The main purpose of the stock market is to make fools of as many people as possible.
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Taurrus
#1867 Posted : Friday, February 10, 2017 9:29:57 PM
Rank: Member

Joined: 8/25/2015
Posts: 839
Location: Kite
Is M-shwari still giving the 7% interest as promised?
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Gatheuzi
#1868 Posted : Tuesday, February 14, 2017 5:39:17 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
Taurrus wrote:
Is M-shwari still giving the 7% interest as promised?

Still at 7.5% monthly.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Taurrus
#1869 Posted : Tuesday, February 14, 2017 11:38:04 PM
Rank: Member

Joined: 8/25/2015
Posts: 839
Location: Kite
Gatheuzi wrote:
Taurrus wrote:
Is M-shwari still giving the 7% interest as promised?

Still at 7.5% monthly.

Do they pay monthly? l check balance I don't see any interest!!
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bird_man
#1870 Posted : Wednesday, February 15, 2017 12:38:20 AM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
Taurrus wrote:
Gatheuzi wrote:
Taurrus wrote:
Is M-shwari still giving the 7% interest as promised?

Still at 7.5% monthly.

Do they pay monthly? l check balance I don't see any interest!!

Quarterly
Formally employed people often live their employers' dream & forget about their own.
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