kenya banksters milking kenyans dry - Central Bank and Kenya gov has failed

[RV Pundit]

• Tweet

Bank robberies continue…

Stifled Capital Markets has left Kenyan banks w/no competition hence the most profitable in the world, hence huge dividends to a few. V high rates on loans, V low rates on deposits. @KIMANIICHUNGWAH @Aaroncheruiyot @WilliamsRuto @OleItumbi pic.twitter.com/j0WgiMnCM0

— Edwin H. Dande (@ehdande) April 23, 2023

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[sema]

Edwin Dande would like to get in on the action, but he is not connected.

Anyway, what is stifling the capital markets?

[gout]

Paying billions in dividends but are getting advances from CBK from which they go on to make a kiling from Kenyans addicted to consumption loans. Madness.



https://www.businessdailyafrica.com/bd/economy/cbk-loans-to-banks-up-on-liquidity-crunch--4211310

[hk]

Interbank rates keep on rising now up to 9% https://www.centralbank.go.ke/rates/interbank-rates/ , clearly there's a liquidity problem. The repo rate is shutdown no wonder banks and pensions dont want to hold long term debt.

[RV Pundit]

Opus dei had failed but Dr Susan koech seems better https://www.businessdailyafrica.com/bd/economy/dollar-market-distortion-eases-after-president-ruto-directive--4212816