?t=AMwJxXV1hY7hl50RQ1w69A&s=19Aaah. It's that time of the year when we get shocked at how much these guys take home in dividends from owning shares in Kenyan banks: pic.twitter.com/1hcRIUFCsT
— Mwango Capital (@MwangoCapital) March 29, 2023
Plus unregulated digital loansHustler fund was suppose to crush them , NCBA wrote off 11b mshwari loans and now they have a healthy portfolio. Banks in general are making lots of money from government debt, forex exchange and mobile loans( especially banks micro loans 1k-1m). Basically the most productive sector are starved of funding due to crowding out of private sector by government.
https://www.businessdailyafrica.com/bd/markets/market-news/ncba-mobile-loans-surge-to-sh729-billion--4177992
Kina Ndii and Ndindi Nyoro need to bring regulations to force delinking of Fuliza from MPesa. It is criminal. Against competition laws.
Let it operate just like Hasora fund. Or Tala, Branch and others.
Hustler fund was suppose to crush them , NCBA wrote off 11b mshwari loans and now they have a healthy portfolio. Banks in general are making lots of money from government debt, forex exchange and mobile loans( especially banks micro loans 1k-1m). Basically the most productive sector are starved of funding due to crowding out of private sector by government.
Basically the most productive sector are starved of funding due to crowding out of private sector by government
They didnt go far enough - Fuliza is still default mobile loan - and Kenyattas are making crazy money out of it. Hustler Fund should become overdraft.Remember Mkesho https://www.gsma.com/mobilefordevelopment/country/kenya/m-kesho-in-kenya/ ? That was partnership between Equity and mpesa, Equity didn't like the terms and they opted to create their own Eazzypay, which has all the features of Mpesa, Mshari and fuliza. I believe Equity bank is dispensing more digital loans in terms of value than NCBA. The other banks should file objections with competition authority but looking at the total digital loans, fuliza doesnt command more than 50%(monopoly) of total mobile digital loans.
Kenya Treasury should write to Safaricom declaring Hustler fund as the default Fuliza with automatic deduction.Hustler fund was suppose to crush them , NCBA wrote off 11b mshwari loans and now they have a healthy portfolio. Banks in general are making lots of money from government debt, forex exchange and mobile loans( especially banks micro loans 1k-1m). Basically the most productive sector are starved of funding due to crowding out of private sector by government.
Its the unintended consequence of over borrowing. kenyattas and ndegwas were moi allies .QuoteBasically the most productive sector are starved of funding due to crowding out of private sector by government
Why doesn't the government let the private sector thrive?
The Ndegwa's and kenyatta's have thrived since the 60's and nobody (not even Moi) has been able to destroy those ndegwa's even after their father died.
QuoteBasically the most productive sector are starved of funding due to crowding out of private sector by government
Why doesn't the government let the private sector thrive?
The Ndegwa's and kenyatta's have thrived since the 60's and nobody (not even Moi) has been able to destroy those ndegwa's even after their father died.
They didnt go far enough - Fuliza is still default mobile loan - and Kenyattas are making crazy money out of it. Hustler Fund should become overdraft.Remember Mkesho https://www.gsma.com/mobilefordevelopment/country/kenya/m-kesho-in-kenya/ ? That was partnership between Equity and mpesa, Equity didn't like the terms and they opted to create their own Eazzypay, which has all the features of Mpesa, Mshari and fuliza. I believe Equity bank is dispensing more digital loans in terms of value than NCBA. The other banks should file objections with competition authority but looking at the total digital loans, fuliza doesnt command more than 50%(monopoly) of total mobile digital loans.
Kenya Treasury should write to Safaricom declaring Hustler fund as the default Fuliza with automatic deduction.Hustler fund was suppose to crush them , NCBA wrote off 11b mshwari loans and now they have a healthy portfolio. Banks in general are making lots of money from government debt, forex exchange and mobile loans( especially banks micro loans 1k-1m). Basically the most productive sector are starved of funding due to crowding out of private sector by government.