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Law Capping interest rates
Swenani
#1881 Posted : Wednesday, February 22, 2017 5:30:32 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
maka wrote:
twesha13 wrote:
[quote=wazuaguest]KCB to lay off an undisclosed number of staff

http://www.businessdaily...2718-8594r4z/index.html[/quote]
500 is it? Are the banks going towards faceless banking. will we soon find machines in the teller cubicles ?


Yes...

If Obiero did it, Who Am I?
Ericsson
#1882 Posted : Tuesday, February 28, 2017 1:57:33 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,810
Location: NAIROBI
Kenya Govt has returned to the market seeking to raise Sh 24 Billion in a Tap Sale at a yield of 13.555%

pic.twitter.com/2WYU9lSOQO
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
KulaRaha
#1883 Posted : Tuesday, February 28, 2017 2:37:51 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Whats the after tax yield given there is no with holding or corporate tax on interest earned?
Business opportunities are like buses,there's always another one coming
maka
#1884 Posted : Tuesday, February 28, 2017 3:13:22 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Ericsson wrote:
Kenya Govt has returned to the market seeking to raise Sh 24 Billion in a Tap Sale at a yield of 13.555%

pic.twitter.com/2WYU9lSOQO


Playing hardball..
possunt quia posse videntur
maka
#1885 Posted : Tuesday, February 28, 2017 3:16:13 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
KulaRaha wrote:
Whats the after tax yield given there is no with holding or corporate tax on interest earned?


Net yield ? 13.1537%
possunt quia posse videntur
KulaRaha
#1886 Posted : Tuesday, February 28, 2017 4:30:33 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
maka wrote:
KulaRaha wrote:
Whats the after tax yield given there is no with holding or corporate tax on interest earned?


Net yield ? 13.1537%


How? This bond is not subject to withholding or corporate tax boss....ala, it should be near 19%
Business opportunities are like buses,there's always another one coming
Ericsson
#1887 Posted : Wednesday, March 08, 2017 11:51:27 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,810
Location: NAIROBI
Kenya Central Bank Governor Patrick Njoroge said that a controversial interest-rate cap imposed by parliament on bank loans would be “temporary.”

https://www.wsj.com/arti...governor-says-1488888964
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
KenyanEconomist
#1888 Posted : Wednesday, March 08, 2017 12:23:43 PM
Rank: New-farer

Joined: 5/7/2014
Posts: 40
[quote=Ericsson]Kenya Central Bank Governor Patrick Njoroge said that a controversial interest-rate cap imposed by parliament on bank loans would be “temporary.”

https://www.wsj.com/arti...overnor-says-1488888964[/quote]

Second time he has said this. I wonder what he knows?
KulaRaha
#1889 Posted : Wednesday, March 08, 2017 12:25:47 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
While he says that, MPs are pushing for amendment to include total cost of credit ie charges within the 14%.

Lets see who wins.
Business opportunities are like buses,there's always another one coming
Ericsson
#1890 Posted : Wednesday, March 15, 2017 5:30:52 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,810
Location: NAIROBI
President Kenyatta regrets signing Bill To Cap rates, says that the slow-down in lending by Banks is unfortunate & unintentional
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
303 Pages«<187188189190191>»
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