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.

Rescueing Somalia-AU progress

Much as it seems that the thurde was stolen fron KDF by Amison through the AU, Kenya must be remebered to have dared throw the first stone. The action by KDF set the ball rolling for vigourous action from the African Union and the international community. The fruits of the labour of the Kenyan soldiers is slow paying with the capture of another strong hold of the condemned group. Slowly Somalia is assuming semblence to sanity and its now up to the people of this would be great nation to put their feet forward and chart the way to a peaceful and prospeous Somalia.

A Somali Replica in the Making in Yemen

If the events reported by the media are anything to go by,then Yemen could well be on its way to the failed state category,fast. These developments should give our very own Somalia some consolation as they are not alone there. One thing that should be clarified is the lack of zeel from the international world to seek some sort of order. No one seems bothered that much, they cared for Lybia and Egypt and of late Syria but Yemen ,well they can just continue to languish in their poverty.

The National Alliance Launch

It was pomp and colour at the launch of TNA party. The vehicle as they like to call it, that will be used to drive Uhuru Kenyatta's political agenda. Those behind him say this move breaking a way from the past. That much is true, the money spent on this launch that has been done national is staggering. Two, his and Kalembe Ndiles party(TIP) are the only that have used articles in their acromym. It goes to show how blonde the brains behind the party are. before i sound too synical lets wish Uhuru well one question that i beg him to answer is,how is he going to deal with the ICC matter. Does he really believe that,that can be swept under the table?

This Gado cartoon best exemplifies what TNA is all about.Politics is not about who has the most money, its about you will help most people make money and not just cronies.

The Fourth President of Kenya?

On the campaign trail,in bars ,on-line in the media and in the streets debate is rife. Political parties are formed , others are dying while others are being revived. All this is in an effort to capture the admiration of Kenyans and win their support for the coveted Office on the Hill that is state house. We have had insults exchanged , threats made and pompous manifestos crafted. They have told us they see the rising number of youths and know job creation is something they will want to look at. They have told us doing things the old way is what they want to break a way from. in all the things they say no one tells us how they will actually do what they claim will change matters in Kenya. i wonder if these leaders to be follow the news , do they for instant know about Greece. In light to they know how much debt Kenya needs to settle. thats not even the point, the quiz is how do they intent to raise the money that governments run on. How will they finance their grand ideas, this is one of the crucail question the presidentail hopefuls should be answering and not how one Raila should retire from politics.

Facebook IPO

A way from the political noise of who will take after Kibaki and numerous scandals at NSSF and NHIF, international something phenomenal is happening. Facebook the mother of all social networks is gearing up to its much touted IPO. If you havent guessed by now then know that it's the Billion digits that Zugerberg and frieends will get that pulled me to it. Its really incredibal that so much money caan be made from a mere online company. Its a challenge to the thousands of youth in Kenya and the world that, it can be done and in a very short time span.So go ahead all you youth and imitate the success of Facebook.

Regrouping Against The ICC

It has now emerged that African leaders are regrouping to frustrate the hague based court. astonishinglly this is coming from a country like Kenya, one of the signitories of the Rome statute. I dont know about the rest of the world but from where i seat it seems that its only in Africa where laws are formulated with all the good intent and the subverted to the core with equal malice.Why in the world did African leaders sign the Rome statute that formed the ICC?? Who did they expect the law will reighn on? Were they disillusioned that the contents theirein only happen in movies as one suspect of the court keeps telling us? Its stupid, its silly for few people to think they will always decide the destinity of millions without seeking their thought on it.

The Western Kenya vote

My Facebook friend Erick Matsanza puts the luhya well in perspective when he discusses about the Mudavadi move and how the supporters of ODM and Mudavadis should behave. Read his thoughts here. "The Western Kenya vote is very democratic and westerners have always voted for their preferred candidates and in different parties, Instead of MM and Rao supporters clashing, they should turn to issues and ask what do they have to offer in comparison to the other. That calls for MM and Rao releasing their manifestos as early as this so that Kenyans can engage them. Denying Kenyans what you stand for will only but leave they resorting to physical confrontation. MM and Rao, kindly do Kenyans justice by giving us your manifestos so that we can engage you. Do not create room for cheap political rivalry. Westerners must refuse to be divided by the politicians with self seeking interests. When MM moved to UDFP it was his democratic right. Self seekers should not polarize the politics of western Kenya with hate and malice. Westerners should not allow other politicians to use them so that they can fight each other in a show down. Lets wait for the coming elections day and protest through the ballot. That is the only fair way to this nation. Luhyas have always been tolerant and democratic. Lets uphold this spirit. As Kenyans we have to define who becomes the president, we vet them then do what is right at the ballot day. Who is your president of choice and why do you think s/he is befitting to lead Kenyans?"

Confirmed, Mudavadi is a project of Moi and Kibaki

I bumped into this article by Wycliffe Pemba Onzere on Facebook and thought its worth broadcasting.......its a tell of the weak and meek being clueless to the core.

Confirmed, Mudavadi is a project of Moi and Kibaki.I never lie,I'm open and honest and that's why I will die with Raila.I must break from the past.This also seals the fate of Ruto.Luhya's I told you Mudavadi is a broker who is going to auction you.You will continue languishing in poverty through the principle of Mwana Wefwe and shienyu ni shienyu.Hate me for telling you the truth as what matters to me is how to break out of the vicious circle and Mudavadi will not help me do that although he is my Mp and a fellow Maragoli.My main objective and desire to participate in general elections and to exercise my voting rights is to change the living standards of Kenyans and to unite them and not to enslave them through Mudavadi. Deputy Prime Minister Musalia Mudavadi’s departure from ODM to the United Democratic Front party can, politically speaking, be described as his ultimate political rebirth. However, who was behind the aura of confidence exhibited by the emboldened Sabatia MP of late? We can now reveal that President Kibaki and former President Moi played a key role in Mr Mudavadi’s latest move. Mr Mudavadi’s deal to join UDF was sealed surprisingly quickly, there was no time for public speculation. The choice of the UDF was quite telling. The party was formed by State House operatives. It is not a secret that one of the senior operatives guides the party and is its major resources mobiliser. Prior to Mr Mudavadi’s announcement, he met the senior operative at least twice — at his Kileleshwa home in Nairobi and at his rural home in Mululu, Vihiga County. UDF was formed as a potential vehicle for Deputy Prime Minister Uhuru Kenyatta to seek the presidency. It is unlikely that State House operatives would craft such a political strategy without the full approval of President Kibaki. On the other side of the coin, Mr Moi was involved in egging on the DPM to make a serious statement. During Mr Mudavadi’s visit to Rift Valley, where he said he had gone to consult, he lent his ear to well known Kanu loyalists. One of the most remarkable statements was by Mr Mark Too, a political broker in the Rift Valley. Mr Too said: “I know Musalia is the right one to be president. We want him to take the leadership from President Mwai Kibaki.” He went ahead to ask for support from the Luhya community as “we in the Rift Valley will fully support him.” In the meetings, Mr Mudavadi was referred to as lakwet nyo (our child). Instructively, Mr Mudavadi’s step mother comes from the Kalenjin community. The DPM capped his Rift Valley forays by visiting former Mr Moi at his Kabarak home in Nakuru. The three men are not new to each other. Musalia’s father, Moses Mudavadi, a career educationist in the 1950s, was a close friend of Mr Moi. And many years later in 2002, Mr Moi would craft his succession with Mr Mudavadi as his Vice-President and eventually a running mate of his preferred candidate, Mr Uhuru Kenyatta. Mr Too was a key strategist in the Moi succession plot. Curiously, Kanu was “heavily represented” at Mr Mudavadi’s defection event this week with secretary general Nick Salat one of the notable guests together with a horde of overly excited Kanu stalwarts

Michuki memorial park:For what?

Somebody pinch me, because I must really be dreaming. A man does one little act ,one that has been done ten times over by someone else and here we are rushing to immortalise him. I THINK ,Wangare Maathai must be turning in here grave,wondering what the heck Michuki did? Naming of that park after Michuki is not helping anyone. If anything the guys clamaring for this should do better and rihabilitate some more of the river other than spend money on the park.

EALA atempting to save the Ocampo 4

When will polititians get reasonable for their own sake. We thought the Kenyan lot was rotten but we now know better. Its in all of them, the propensity to get stupid. The need to regroup when one is in danger, even when they are in the wrong. Yesterday I was stunned by the news that the East African Legislative Assembly was even discussing the matter of the ocampo four leave alone the thought of them working on reffering the cases to the East African court of justice. Where were they all this while. Isn't surrender termed as a stratedy even in the political arena? Call it giving up or letting nature take its course.I guess some people need lessons.

Rotary Kenya still Running Polio Campaign?

I am not in the medical field neither do i know any docs or Nurses on a personal level, meaning my facts may be greatelly distorted on polio. That having been said can someone tel me why the Rotary Club of Kenya still thinks polio is something we should be kicking out. As I disclaimed in the start I don't know this things but I think we can direct our efforts somewhere else.....

CRA Revenue allocation formular

Kenya is a country of firsts on many fronts,we have the fastes runners and I think this is catching up with our intelligence too.Some MPs in the eastern and north eastern parts of kenya are crying wolf over thr CRA'S Revenue Allocation Formular.....They say population should not be given the 60% weight it has, they may be right. They however should not brush of the population factor. It should still carter for a good chunk of the allocation formular. They should realise the effect of domestic tax on the total revenue collected in the country. Do they know that a huge chunk of kenyas revenue is from domestic tax. Meaning, dispite the need for regional balance Nairobi still needs working on. Those who leave in Nairobi should not be forced to sacrifice their would have been better life as they have a right to it through the tax they pay. No one should take this to mean I consider the formular fair, not at all. We Know North Eastern needs roads schools and hospitals to attaract populations just like Nairobi and many other urban centers that promise better service through better infrustarcture....A re-look at the CRA revenue allocation formular is needed.

Nairobi city council ISO certified,Really?

There is no way a council that runs on undequalified stuff and one that collects revenue without service get ISO certified. The city council of Nairobi can not justify its existence when roads are flooded, street lights are down n sewage runs in the river and road sides....this certfication doesnt just add up. Unless its given for poor service delivery.