Kenya Banks’ Reference Rate (KBRR)

It comes a good news that the central bank mind about the normal mwananchi. The introduction of the Kenya Banks’ Reference Rate (KBRR) comes a time when everyone has been crying about the high interest rates charged by banks. One then only waits to see if banks will pick the Que and lower their otherwise supper normal rates.
I have a suggestion for the government though , this is only if banks don't lower their rates. how about the government funding cooperatives and ask them to charge the lower rates.

The Central bank will issue a Circular to all banks to operationalize the KBRR as follows:-
1. The KBRR of 9.13 percent shall be effective from, 8th July, 2014, and will remain at this level until its next review in January 2015 (if market conditions do not drastically change).
2. All banks and mortgage finance companies will price their flexible rate loans using the KBRR as the base rate.
3. For individual banks, the interest rate they charge their customers will be KBRR + K. We expect banks and mortgage finance companies to vary their lending rates to be as close
as possible to the KBRR.
4. Banks and mortgage finance companies will disclose to their respective borrowers and the Central Bank the breakdown of any deviation, K, from the KBRR, thereby enhancing
transparency in pricing of credit and mortgages.
5. All flexible/variable credit facilities applied for shall be priced using the new KBRR framework.
6. Existing flexible/variable credit facilities shall be transitioned to the new KBRR framework by 30th June 2015

Mutula Kilonzo 1948-2013 Kenya Mourns

Its with profound sadness that  the Kenyan people received the news of the death of one of the  their loved son. Mr Mutula Kilizo according to the media was found dead in his bedroom
Messages of condolences are a wash in the social media point to the fact that many Kenyans were shocked on getting the news . His death came in the wake of threatening sms he received some few months ago. on this backdrop one wonders whether his death was natural and act of some retched soul 

The Uhuru Ruto Political Affair

Not so long from now according to my good friend Arafat, the Uhuru Ruto story may read like this."The whole theme of fate, story of sadistic political pleasure, scheming and a game of survival in the new regime: President Kenyatta shall be Commander in Chief, but Hon Ruto will not be deputy Commander in Chief. President Kenyatta will strive to leave a legacy that is purely his, and Hon Ruto's undoing would be to try and out-shine his master Uhuru Kenyatta. Remember Ruto is brilliant, ambitious, energetic and will want to demonstrate that he is a performer., so he will want to show smartness. If such happens, not Uhuru but Uhuru's handlers and the hidden "öwners" of the Uhuru presidency will tactfully work to deflate Ruto. In this effort, they will want to portray Ruto as a "trophy" political companion, aware that Uhuru desperately needed Ruto so as to win the presidency but he doesn't need Ruto to sustain the presidency and a legacy. At this point, Uhuru will start emerging as his own man and top politician who is not necessarily using Ruto as political crutches. If it gets here, the Kalenjin community will have a sense of loss and feel betrayed a second time, with the conclusion that Ruto misled them yet again. They will not want to trust him again. They will start grooming and fanning a different youthful leader to rival Ruto. If the elders distrust Ruto, then he would be an underling and his fate would be like that of Julius Caesar. Uhuru then would be keen to spruce up and work with such new Kalenjin leader with the support of Luhya, Maasai and possibly coastal point-men. Uhuru's interest would be to reduce Ruto's political muscle with a keen eye on winning the second term."
Call it the wish of naysayers or just call it what you will but i think this is not so different from the real script we shall be reading within the year.

Reckless Leadership : Uhuru's presidency

Uhuru Kenyatta could have made it well well if only he could tame his mouth. We know not any sensible leader who spits allover the place without a care in the world and still be able to move a country forward. Even those who thought they were very able like Gaddafi finally fell pray to their own foolishness. Bright minds will tell you its a matter of time befor real demons come chasing after Uhuru...this time round he will wish he never punked Musalia.

MUsalia Mudavadi...life and times

Like the prodigal son , Musalia came of age after being given some leeway in ODM and he though the had his inheritance. The young man wanted to enjoy life on his own , so he packed his bags and left for the city. Little did he know what lay ahead. There are many a dark forces in the city, pretty girls and all manner of goodies. If only our son listen to the advice of the old, the  story would be even more interesting.

any bright mind knows the end of this story, but may be its the beginning you want to hear the most....drop me a line..

Kenya:Polititians and Bought Degrees

With the promulgation of the new Constitution, Kenyan politicians seems to find themselves between a hard place and a rock. The new law now demands that members of the respective houses should have the minimum of a collage degree. Seeing as it is, not many of the current members fit in this bill. It is claimed that a good number of them have gone out of their way to buy degrees in order for them to comply with the law and thus secure at best  a nomination to contest in the coming elections. 

The Elections Act 2011, requires that one is a holder of a degree to qualify to contest for either governor and senate seat. Section 22 of the Act states, "a person may be nominated as a candidate for election as president, deputy president, county governor or deputy county governor, only if the person is a holder of degree from a university recognized in Kenya.

It seems this lot will do just anything so as to remain in the lame light.

The Venus Eclipse

A once in a lifetime phenomenon of is what the guys at CNN are calling it. Call it what you may but Venus will not be crossing the sun againthis century. Its belived this will happen again in 2117 or there about,its very unlikelly that anyone of those breathing now will be alive then. so those who can and you must, take a the chance and check the skies at sunrise . Apart from Asia who will have the chance to watch the eclipse from start to end those in East Africa have 12 hours to watch the spectacle while the rest will content with shorter periods.