Kenya will continue to rule this region economically. Here’s their plan, announced by @CBKKenya Gov. @njorogep to cushion #COVID19KE impact on the economy:
1. Banks to give relief to borrowers on running personal loans;
2. SME loans to ge restructured at the cost of banks 1/
1. Banks to give relief to borrowers on running personal loans;
2. SME loans to ge restructured at the cost of banks 1/
3) Banks to waive charges on all balance inquiries;
4) No transfer charges between mobile money walkers and banks, and vice versa; and
5) All bank notes deposited to the central bank by banks will be quarantined (and I suspect sanitized) for 1 week before recirculation.
4) No transfer charges between mobile money walkers and banks, and vice versa; and
5) All bank notes deposited to the central bank by banks will be quarantined (and I suspect sanitized) for 1 week before recirculation.
@BOU_Official and @mofpedU where’s our plan? Are we waiting for crisis time? Please don’t tell me, “Ours is a free-market economy; we have nothing to do.” Liberalization is not synonymous with deregulation, even if regulation doesn’t mean control.
