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150 Pages«<147148149150>
Law Capping interest rates
xtina
#2961 Posted : Friday, November 08, 2019 7:32:36 PM
Rank: Member


Joined: 6/26/2008
Posts: 271
MaichBlack wrote:
winmak wrote:
Extraterrestrial wrote:
Looks like the bear may be back. If drawdown from recent highs exceeds 20%, we are back into bear territor.


For some of us to board

True or load up some more!!!

Value is more important than price. And buyers love discounts/low prices.



You are beginning to sound like VVS, I had to doublecheck your name Laughing out loudly
Ericsson
#2962 Posted : Saturday, November 09, 2019 12:41:47 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,631
Location: NAIROBI
MaichBlack wrote:
winmak wrote:
Extraterrestrial wrote:
Looks like the bear may be back. If drawdown from recent highs exceeds 20%, we are back into bear territor.


For some of us to board

True or load up some more!!!

Value is more important than price. And buyers love discounts/low prices.


Next bull run next year as companies prepare to release full year results
MaichBlack
#2963 Posted : Saturday, November 09, 2019 8:44:36 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,321
xtina wrote:
MaichBlack wrote:
winmak wrote:
Extraterrestrial wrote:
Looks like the bear may be back. If drawdown from recent highs exceeds 20%, we are back into bear territor.


For some of us to board

True or load up some more!!!

Value is more important than price. And buyers love discounts/low prices.



You are beginning to sound like VVS, I had to doublecheck your name Laughing out loudly

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

@VVS makes a lot of sense in this investment business and we are students of the same teacher. The great Warren Buffet!!

That brother (@vvs) made me make a tonne load of money on KK. He was a great driver even when morale was down. We were made fun of here on Wazua like nobody's business. But when the day came, boy, did we laugh all the way to the bank. Then the story changed to allegations of inside information...

For more on my love of low prices, see my signature below.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Ericsson
#2964 Posted : Saturday, November 09, 2019 3:12:10 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,631
Location: NAIROBI
Sidian has started with communication of the revised interest rates
newfarer
#2965 Posted : Saturday, November 09, 2019 4:41:09 PM
Rank: Elder


Joined: 3/19/2010
Posts: 3,336
Location: Uganda
Ericsson wrote:
Sidian has started with communication of the revised interest rates

from 13%
to what
punda amecheka
littledove
#2966 Posted : Saturday, November 09, 2019 7:41:09 PM
Rank: Member


Joined: 7/1/2014
Posts: 736
Location: sky
newfarer wrote:
Ericsson wrote:
Sidian has started with communication of the revised interest rates

from 13%
to what

ranges from 16 to 19%
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
obiero
#2967 Posted : Sunday, November 10, 2019 8:57:38 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,387
Location: nairobi
littledove wrote:
newfarer wrote:
Ericsson wrote:
Sidian has started with communication of the revised interest rates

from 13%
to what

ranges from 16 to 19%

COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 221,100 ABP 12.68
Queen
#2968 Posted : Monday, November 11, 2019 8:10:33 AM
Rank: Member


Joined: 11/21/2018
Posts: 169
Location: Britain
obiero wrote:
littledove wrote:
newfarer wrote:
Ericsson wrote:
Sidian has started with communication of the revised interest rates

from 13%
to what

ranges from 16 to 19%



Terrible rates, yet this is the beginning. Kweli benki sio za mama zetu.
2012
#2969 Posted : Monday, November 11, 2019 9:10:30 AM
Rank: Elder


Joined: 12/9/2009
Posts: 6,559
Location: Nairobi
obiero wrote:
littledove wrote:
newfarer wrote:
Ericsson wrote:
Sidian has started with communication of the revised interest rates

from 13%
to what

ranges from 16 to 19%



I congratulate Sidian for this. Why crucify Chege Thumbi the MD yet he is acting perfectly within the law. After all, this was the intention all along.

Stand for something or you will fall for anything. Today's mighty oak is yesterday's nut that held its ground. Rosa Parks
mlennyma
#2970 Posted : Monday, November 11, 2019 9:19:51 AM
Rank: Elder


Joined: 7/21/2010
Posts: 5,996
Location: nairobi
obiero wrote:
littledove wrote:
newfarer wrote:
Ericsson wrote:
Sidian has started with communication of the revised interest rates

from 13%
to what

ranges from 16 to 19%



those who were half dead are reacting so quickly
"Don't let the fear of losing be greater than the excitement of winning."
hardwood
#2971 Posted : Monday, November 11, 2019 9:31:20 AM
Rank: Elder


Joined: 7/28/2015
Posts: 9,553
Location: Rodi Kopany, Homa Bay
hardwood
#2972 Posted : Monday, November 11, 2019 9:39:36 AM
Rank: Elder


Joined: 7/28/2015
Posts: 9,553
Location: Rodi Kopany, Homa Bay
Queen wrote:
obiero wrote:
littledove wrote:
newfarer wrote:
Ericsson wrote:
Sidian has started with communication of the revised interest rates

from 13%
to what

ranges from 16 to 19%



Terrible rates, yet this is the beginning. Kweli benki sio za mama zetu.


But you have all been saying that the capped rates have been strangling the economy, and that we should get back to 20%+ to recharge/supercharge the economy.
Queen
#2973 Posted : Monday, November 11, 2019 9:53:18 AM
Rank: Member


Joined: 11/21/2018
Posts: 169
Location: Britain
hardwood wrote:
Queen wrote:
obiero wrote:
littledove wrote:
newfarer wrote:
Ericsson wrote:
Sidian has started with communication of the revised interest rates

from 13%
to what

ranges from 16 to 19%



Terrible rates, yet this is the beginning. Kweli benki sio za mama zetu.


But you have all been saying that the capped rates have been strangling the economy, and that we should get back to 20%+ to recharge/supercharge the economy.


Domestic borrowing by the GK is the cause of the strangling of the economy, not rate caps.
Queen
#2974 Posted : Monday, November 11, 2019 9:55:01 AM
Rank: Member


Joined: 11/21/2018
Posts: 169
Location: Britain
hardwood wrote:



The board had to sit on a weekend following a call from Opus Dei.

https://www.standardmedi...on-interest-rate-charges
hardwood
#2975 Posted : Monday, November 11, 2019 10:24:52 AM
Rank: Elder


Joined: 7/28/2015
Posts: 9,553
Location: Rodi Kopany, Homa Bay
Queen wrote:
hardwood wrote:
Queen wrote:
obiero wrote:
littledove wrote:
newfarer wrote:
Ericsson wrote:
Sidian has started with communication of the revised interest rates

from 13%
to what

ranges from 16 to 19%

https://i.imgur.com/jfes2SY.jpg


Terrible rates, yet this is the beginning. Kweli benki sio za mama zetu.


But you have all been saying that the capped rates have been strangling the economy, and that we should get back to 20%+ to recharge/supercharge the economy.


Domestic borrowing by the GK is the cause of the strangling of the economy, not rate caps.


I gerrit now...

newfarer
#2976 Posted : Monday, November 11, 2019 12:05:25 PM
Rank: Elder


Joined: 3/19/2010
Posts: 3,336
Location: Uganda
Queen wrote:
[quote=hardwood]



The board had to sit on a weekend following a call from Opus Dei.

https://www.standardmedi...n-interest-rate-charges[/quote]

I said we are watching.
punda amecheka
HaMaina
#2977 Posted : Monday, November 11, 2019 12:59:07 PM
Rank: Member


Joined: 4/23/2014
Posts: 662
newfarer wrote:
Queen wrote:
[quote=hardwood]



The board had to sit on a weekend following a call from Opus Dei.

https://www.standardmedi...n-interest-rate-charges[/quote]

I said we are watching.


Bank CEO who jumped the gun on interest rate charges
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
Queen
#2978 Posted : Thursday, November 14, 2019 9:50:47 AM
Rank: Member


Joined: 11/21/2018
Posts: 169
Location: Britain
MaichBlack wrote:
Queen wrote:
MaichBlack wrote:
FUNKY wrote:
https://www.businessdailyafrica.com/news/Interest-on-risky-loans-forecast-at-16pc/539546-5339802-ks7r6az/index.html ^

"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.



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.

They were to accept or reject the president's memorandum. To reject, they needed 2/3 majority which they did not get. So the "accepted" it (by default).


Judging from today's advert in the papers, Joshua Oigara (Chairman, Kenya Bankers' Association) is categorical that the amendment to the presidential memo sailed through by default and therefore existing Contracts for old loans will remain unchanged.

It would appear, therefore, that what was passed by default was the Report of the Finance Committee and not the president's memo per se, unless of course Oigara himself is also confused.



Ericsson
#2979 Posted : Thursday, November 14, 2019 10:59:41 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,631
Location: NAIROBI
Barclays bank Kenya share price back to pre-interest rates repeal level
xtina
#2980 Posted : Thursday, November 14, 2019 11:53:28 AM
Rank: Member


Joined: 6/26/2008
Posts: 271
Ericsson wrote:
Barclays bank Kenya share price back to pre-interest rates repeal level


Not entirely surprising, I think it was wukan or lochaz index who mentioned that Kenya's economy has a fundamental problem and removing the interest rate caps will not be a magic bullet to solve those fundamental issues.
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