Kenyatta vampire benefits from dollar goldenburg

[RV Pundit]

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Made most money from forex trading

Aaah. 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

?t=AMwJxXV1hY7hl50RQ1w69A&s=19

[RV Pundit]

Plus unregulated digital loans
https://www.businessdailyafrica.com/bd/markets/market-news/ncba-mobile-loans-surge-to-sh729-billion--4177992

[hk]

Plus unregulated digital loans
https://www.businessdailyafrica.com/bd/markets/market-news/ncba-mobile-loans-surge-to-sh729-billion--4177992

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.

[gout]

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.

[RV Pundit]

Exactly - it need to be de-coupled. It better for Hustler Fund to replace it.

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.

[RV Pundit]

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.

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.

[sema]

Basically 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.

[hk]

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.

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.

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.

[hk]

Basically 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.

Its the unintended consequence of over borrowing. kenyattas and ndegwas were moi allies .   

[RV Pundit]

They have thrived because they befriended both Moi and Kibaki regimes - if not went into close partnership.

This first time their hold on the economy is under serious challenge from ambitious go-getters like Ruto and Gachagua who dont have any respect for old reputation.

This time round watakipenda.

Basically 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.

[RV Pundit]

It gov to use kifua to force Hustler Fund to be the overdraft facility. It will just take letter from Treasury and Safaricom giving priority to Hustler Fund. Hustler Fund should not be sending messages about repaying loan - when they can automatically recover their money - and allow people to borrow.

With that move Hustler Fund will grow - and kenya economy will benefit more.

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.

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.

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.