@MbulaMutula@MutemiWaKiama Won’t this just reduce the number and variety of loan products available to borrowers? You can’t legislate the cost of money.
@DerrickRotich @jim_munene@MwangoCapital A political theory searching for a macroeconomic outcome. 🤌🏿Probably best to see what happens over the next few weeks. Market will tell us what is artificial and what is not. Sustained and stable gains by the shilling would be a great sign.
@jim_munene@MwangoCapital The shilling getting stronger is definitely a good thing, but the sharp drop and volatility is a concern. Something else is at play.
@AmbokoJH@MutemiWaKiama Complex, regressive and anti-business. These laws will stifle enterprise, thwart growth and -to the extent it matters-reduce the tax base the government seems blindly determined to increase without regard to basic economic principles.