The 24 banks will have no option but to merge with others to meet this requirement. Increasing core capital has been done in other countries successfully and there are benefits to the economy in having larger, fewer and stronger banks. South Africa has circa 30, Nigeria 20 and Egpyt 36 all with much bigger economies. Kenya does not need 38 banks. We don't want small, mismanaged banks that collapse with people's money e.g Chase bank, Dubai Bank, Reliance, Charterhouse , Imperial Bank...
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We have clueless politicians running economy
Seems like this is all they do… come up with ideas to tank Kenya’s economy. Nothing else. Empty brains. Bure Kabisa!!
Why is gok the biggest borrower at banks starving the public of loans
The 24 banks will have no option but to merge with others to meet this requirement. Increasing core capital has been done in other countries successfully and there are benefits to the economy in having larger, fewer and stronger banks. South Africa has circa 30, Nigeria 20 and Egpyt 36 all with much bigger economies. Kenya does not need 38 banks. We don't want small, mismanaged banks that collapse with people's money e.g Chase bank, Dubai Bank, Reliance, Charterhouse , Imperial Bank...
Surely, why can't someone from the sector make the laws? Wana toa hizi sheria kutoka wapi?
Must Jeff read the news ? he is really struggling
Age is catching up.
I think he is actually struggling 😅 like we all do at times, we’re all human
He just needs a new pair of glasses lakini mshahara delayed 😅