German envoy protests over Kenya bias towards Chinese firms http://www.businessdailyafrica.com/Corporate+News/German+envoy+protests+over... Chinese advantage -- cheaper credit for their businesses! In Kenya / for Kenyans: Borrowers avoid new loans over high interest rates http://www.businessdailyafrica.com/Borrowers+avoid+new+loans+over+high+inter... Problem (in simple terms): We are importing too much - not producing enough goods / services. This causes of inflation. Conflict of "interest": Increase the interests rates -- consequently disabling Kenyans seeking to import goods / equipment to produce more goods & services in Kenya? We need a solution [?][?][?]
But Interest rates are quite high here at around 20%. Wouldn't raising it impede credit to local manufacturers? Bureaucracy remains a big obstacle to local businesses and manufacturing. Lots of licensing, requirements and fees needed before one establishes a new venture. Focus should shift from trying to reap from those establishing ventures to already established.
How do we compete with people paying 30% or 40% the interest we do? Are "community" funds / loans subject to CBK rates? On Sep 28, 2012 4:42 PM, "Dennis Kioko" <dmbuvi@gmail.com> wrote:
But Interest rates are quite high here at around 20%. Wouldn't raising it impede credit to local manufacturers?
Bureaucracy remains a big obstacle to local businesses and manufacturing. Lots of licensing, requirements and fees needed before one establishes a new venture.
Focus should shift from trying to reap from those establishing ventures to already established.
participants (2)
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Dennis Kioko -
S.M. Muraya