If you look, even casually, you will see that all they do and all the laws they pass and force us to follow are for their own benefits!
- Thread starter Da Vinci
- Start date
mkurugenzi
Elder Lister
James Mwangi wa Equity got 1.5B in dividends for his shares in the bank. So what was your point?
You are naive. You need help. Lakini, who is to help you?
mkurugenzi
Elder Lister
Did Mwangi also pass laws for his benefit i.e ndio apate 1.5B?
mkurugenzi
Elder Lister
KCB, Equity, NCBA, safaricom etc shares are sold daily at the NSE. Kwenda nunua shares kama wanaume wengine uwache wivu ya mali ya wenyewe.
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mkurugenzi
Elder Lister
During kibakis time interest rates were 24% and above, based on the credit risk of the customer. Uhuru took over and brought the loan interest rates down to 14% where they are today even after repeal of interest rate cap law. NB during mois time interest rates were 80% and he owned Transnational Bank that lent money even to parastatals. Cement was 720 in kibakis time, saa hii ni 560 bob. So Uhuru has been then best president for business, investors, entrepreneurs and the economy. Kama hukujenja wakati wa Uhuru with the cheap 14% loans and cheap cement, then huna bahati when the next govt comes in and rates shoot to 30% and cement ipande mpaka 800 bob.
NB: Dont blame uhuru for the corona pandemic and the global economic lockdown.
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Denis Young
Elder Lister
mkurugenzi
Elder Lister
So hukuona hii kwa the article you have posted? Why didnt you complain when Kenya Power was being lent billions by stanbic, stanchart, KCB and equity?
The electricity distributor repaid loans worth Sh20.2 billion in the review period, up from Sh12.4 billion the year before.
Kenya Power, for instance, settled Stanbic Bank’s Sh2 billion loans while the amount owed on one of the Standard Chartered Plc’s loans dropped to Sh25.7 billion from Sh29.3 billion. Kenya Power’s new borrowings also dropped to Sh8.5 billion from Sh14.6 billion.
Also:
Three separate debts owed to Standard Chartered make up a majority of this commercial debt to a tune of Sh39.3 billion, while Rand Merchant Bank (Sh9.2 billion), Equity Bank (Sh4.9 billion) and Agence Francaise De Development (Sh1.2 billion) compound the list. However, the company settled a Sh2 billion Stanbic loan in September last year.
One of Standard Chartered Bank's loans is due next month, with others in 2023 and 2026 while one of Rand Merchant bank's loans is due in June and another one in 2025.
Meanwhile, Equity Bank's loan is also due in 2025, while Agence Francaise De development's debt has the longest repayment date and is due in 2030.
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Denis Young
Elder Lister
mkurugenzi
Elder Lister
Equity was also birthed the other day and overtook KCB, Barclays/Absa, National, Family, Coop etc and has also been lending KP billions So what is your point?
Unaona ka kuna kitu kitachange JSKS akichukua hii kitu?
Denis Young
Elder Lister
All I know is that we need to change from capital intensive to labor intensive projects. Hizo trillions za second term ata hazionekani kule zimeenda and the economy is suffering as a result. We are even defaulting on loan payments already.
Introvert
Elder Lister
This here is the point.
Kenyans are planting in soil that will not guarantee thriving..coz of buzzards.
Hakuna. We are not stupid. It will take a long time and a lot of work to dismantle all the castles those dynasties have built over the hundred years of modern Kenya's existence!
And, by the way, there is the biggest possibility that Uhuru and his mother are also financing Ruto's campaigns as well. They will stop at nothing, these slave drivers! I am ready to bet a nut!
Ngimanene na Muchere
Elder Lister
@mkurugenzi hajaona hii?