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Law Capping interest rates
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#1901 Posted : Wednesday, March 15, 2017 7:31:31 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
guru267 wrote:
wukan wrote:
Ericsson wrote:
President Kenyatta regrets signing Bill To Cap rates, says that the slow-down in lending by Banks is unfortunate & unintentional


He said slowdown to SME was one of the unintended consequences of capping. it concerns him and it's one issue he will actively seek to resolve so that credit can start flowing again.

Hooray!!


Reverse this b**ch! Applause

Cap rate will be hard to be reversed by Mpigs since they have taken substantial loans for personal development. Secondly, the statement made by the president was political to please a section of the population that don't matter so much to Jubulee vote-wise.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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  | | Edit by user: Wednesday, March 15, 2017 7:32 PM | Reason: Not specified
Metasploit
#1902 Posted : Wednesday, March 15, 2017 7:33:56 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
murchr wrote:
Metasploit wrote:
Ericsson wrote:
President Kenyatta regrets signing Bill To Cap rates, says that the slow-down in lending by Banks is unfortunate & unintentional


Where is the link to this sweet infor ?



Click
https://youtu.be/uBMqiElZ4DY?t=13m30s


Thanks Murchr...

By 2018 the rate cap will be out.It was never a good idea

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Shak
#1903 Posted : Wednesday, March 15, 2017 10:08:02 PM
Rank: Elder

Joined: 2/22/2009
Posts: 2,449
Location: Africa
maka wrote:
Angelica _ann wrote:
murchr wrote:
Metasploit wrote:
Ericsson wrote:
President Kenyatta regrets signing Bill To Cap rates, says that the slow-down in lending by Banks is unfortunate & unintentional


Where is the link to this sweet infor ?



Click
https://youtu.be/uBMqiElZ4DY?t=13m30s

Better position self now slowly step by step smile


Who wants to bet there is NO way this thing will be overturned before elections....the way guys are enjoying the 14%...ati it goes back to 18-21%.Never ever...

Who exactly is enjoying the 14% when banks have stopped lending?
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mlennyma
#1904 Posted : Wednesday, March 15, 2017 10:33:20 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Shak wrote:
maka wrote:
Angelica _ann wrote:
murchr wrote:
Metasploit wrote:
Ericsson wrote:
President Kenyatta regrets signing Bill To Cap rates, says that the slow-down in lending by Banks is unfortunate & unintentional


Where is the link to this sweet infor ?



Click
https://youtu.be/uBMqiElZ4DY?t=13m30s

Better position self now slowly step by step smile


Who wants to bet there is NO way this thing will be overturned before elections....the way guys are enjoying the 14%...ati it goes back to 18-21%.Never ever...

Who exactly is enjoying the 14% when banks have stopped lending?

buy banks after the Q1 shock
"Don't let the fear of losing be greater than the excitement of winning."
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maka
#1905 Posted : Wednesday, March 15, 2017 11:35:36 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Shak wrote:
maka wrote:
Angelica _ann wrote:
murchr wrote:
Metasploit wrote:
Ericsson wrote:
President Kenyatta regrets signing Bill To Cap rates, says that the slow-down in lending by Banks is unfortunate & unintentional


Where is the link to this sweet infor ?



Click
https://youtu.be/uBMqiElZ4DY?t=13m30s

Better position self now slowly step by step smile


Who wants to bet there is NO way this thing will be overturned before elections....the way guys are enjoying the 14%...ati it goes back to 18-21%.Never ever...

Who exactly is enjoying the 14% when banks have stopped lending?


The ones who had loans...
possunt quia posse videntur
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obiero
#1906 Posted : Thursday, March 16, 2017 7:34:19 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,241
Location: nairobi
maka wrote:
Shak wrote:
maka wrote:
Angelica _ann wrote:
murchr wrote:
Metasploit wrote:
Ericsson wrote:
President Kenyatta regrets signing Bill To Cap rates, says that the slow-down in lending by Banks is unfortunate & unintentional


Where is the link to this sweet infor ?



Click
https://youtu.be/uBMqiElZ4DY?t=13m30s

Better position self now slowly step by step smile


Who wants to bet there is NO way this thing will be overturned before elections....the way guys are enjoying the 14%...ati it goes back to 18-21%.Never ever...

Who exactly is enjoying the 14% when banks have stopped lending?


The ones who had loans...

True but at a great price to the larger economy. The inflation is eating up every shilling allegedly saved by the rate cap
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ngapat
#1907 Posted : Thursday, March 16, 2017 7:42:37 AM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
This law was political. I think govt should try to be innovative with the law so that they control interest rates without necessarily hurting lending and the economy.
Just like they exempted paying interests on transaction accounts, they should exempt caps on unsecured loans or widen the margin above cbr
“Invest in yourself. Your career is the engine of your wealth.”
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  | | Edit by user: Thursday, March 16, 2017 7:47 AM | Reason: Not specified
KulaRaha
#1908 Posted : Thursday, March 16, 2017 8:31:06 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Where are those guys who said they'll get big loans and this law won't affect bank performance?

Delusional.
Business opportunities are like buses,there's always another one coming
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Fyatu
#1909 Posted : Thursday, March 16, 2017 9:11:02 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
CBK Governor quoted by WSJ saying that cap on interest rate was "temporary"....Today's Standard Newspaper page 5. Is the bull arriving sooner than expected??
Dumb money becomes dumb only when it listens to smart money
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  | | Edit by user: Thursday, March 16, 2017 9:12 AM | Reason: Not specified
muandiwambeu
#1910 Posted : Thursday, March 16, 2017 9:48:39 AM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
Fyatu wrote:
CBK Governor quoted by WSJ saying that cap on interest rate was "temporary"....Today's Standard Newspaper page 5. Is the bull arriving sooner than expected??

2017 is a passover year. Blood letting continues shortly. Whoever who thinks that the already loaned aren't enough economy drivers, let them try and they will be knowing shortly hata umbaru ni darasa la kumpeana elimu uzeeni.ishindwe pepo mbaya hiyo. Savings being made is yet to bring the multiplier effect seriously needed to JumpStart our economy. Mpigs and civil sufferers wapuguziwe pay, wanakula saana juu ya wengi. Hehehe.
,Behold, a sower went forth to sow;....
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  | | Edit by user: Thursday, March 16, 2017 9:57 AM | Reason: Not specified
303 Pages«<189190191192193>»
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