?s=20Which bank is this?
— Mwango Capital (@MwangoCapital) March 9, 2023
Trade CS @HonMoses_Kuria to MPs: "We have to talk to the CBK Governor. I know of a bank which was making KES 1B from forex business & last year they made KES 11B on FX. Our banks have currency spreads of KES 10. When have we ever had a KES 10 spread and one…
?s=20NCBA in 2022.
— Ruitha Thigoe (@Ruitha_Thigoe) March 9, 2023
"Significant increase in Non-Funded Income : The banks NFI recorded a y/y increase of 40.1% to Kshs 22.5 bn in Q3'2022, mainly attributable to a significant increase in Foreign Exchange income by 162.9% to Kshs 9.2 bn, from Kshs 3.5 bn recorded in Q3'2022"
Wacheni utoto.
As long as the USA AND EU basically all developed countries are raising interest rates..it means the shilling depreciated...that's because when these major countries raise interest rates it means weak shilling in kenya because investors are taking money back to their countries...when these investors,importers and GOVERMENT oil purchases demand dollars,that creates shortage demand and weak shilling....most Kenyans are holding their money in dollars.
That leads to speculations which creates panic buying.
In short.
G7 high interest rates.
Weakened China economy.
High import bill.
Drought.
Maturing Eruobond.
Ukraine war/oil gas import grains import price.
WEAK SHILLING.GOVERMENT OF IDIOTS.
?s=20KTDA was forced to borrow Ksh. 18.2 Billion from banks including NCBA and Standard Chartered to pay farmers early bonus right before elections.
— Rodgers Kipembe Mpuru (@RodgersKipembe) January 6, 2023
Farmers now have to pay interest on the loan.
?s=20Congratulations PRESIDENT ELECT . Kindly relook at the loan which was taken from NCBA to pay the the bonus to KTDA farmers. Bring the beneficiaries to book.
— Edwin Sitienei (@EdwinSitienei11) August 15, 2022
?s=20The forced loan & it's interest to KTDA to pay farmers from NCBA(as bonus for tea farmers last year July)should be investigated..cos why pay bonus earlier cos you want farmers to vote kuzimia!Why use Uhuru's bank & very high interest rate!!
— Jony Hassan Abdi (@JonyHassan4) January 10, 2023
Ruto has to crush the ndegwas & kenyattas completely. These are schemes the average mama mboga’ wouldn’t understand but Ruto must crush them. He has 10 years to do this.
The Committee heard allegations of a dispute going back to the 1988 General Election (PSCI para 249[3]) over opposition to the revival of the Kisumu Molasses Plant in Dr Ouko’s constituency. There were also allegations that ‘senior public figures’ demanded ‘kickbacks’ over the revival of the Kisumu Molasses Plant (PSCI para 250[4]).
The likes of Ichungwa need to do more than just tweet. Parliament should be having as many petitions and summons to committees on the enablers.
Nothing stops IChungwa from forming a parliamentary committee on state capture stretching all the way to 1890 when IBEA Co landed.
There are enough precedents. Just tighten recommendations with clear sanctions. Let the culprits take themselves to court, their files will end with likes of ODunga and Ngugi. The stars are aligned for the finishing the evil dynasties.
Angola has done it with dead institutions.
Gor Sunguh commission on OukoQuoteThe Committee heard allegations of a dispute going back to the 1988 General Election (PSCI para 249[3]) over opposition to the revival of the Kisumu Molasses Plant in Dr Ouko’s constituency. There were also allegations that ‘senior public figures’ demanded ‘kickbacks’ over the revival of the Kisumu Molasses Plant (PSCI para 250[4]).
https://en.wikipedia.org/wiki/Gor_Sunguh_Commission
Let pray.
Angola have crushed Dos Santos.
Brilliant folks.
Kenya we need to keep the pressure.
Amidst maubwa who worship them.
Maumbwa ni wale walipigia Uhuru kura mara tatu 2013, 2017 x 2.
Parallel exchange rates are caused by overvalued currency , all the banks in kenya made good profit https://nation.africa/kenya/business/how-kenyan-banks-made-sh52-billion-from-dollar-shortage-4037380 ,
<b>the analysis shows I&M Group more than tripled income from forex trading to Sh3.78 billion in January-September 2022 compared with Sh1.81 billion the prior year.
It was followed by NCBA, which grew forex earnings by 162.91 per cent to Sh9.21 billion, KCB Group by 86.39 per cent to Sh8.40 billion and Diamond Trust Bank by 80.59 per cent to Sh4.98 billion.
Co-operative Bank bumped up its revenue 71.56 per cent to Sh3.28 billion, Stanbic Bank’s climbed 69.33 per cent to Sh6.90 billion, while Standard Chartered’s rose 66.00 per cent to Sh4.20 billion.</b> free float the KSH and the spread will be wiped out . Basically fix the fundamentals and the arbitrage trade will cease, ksh is going to weaken until market determines the correct price .