Didn’t see it coming…

So the government wants to regulate M-Pesa. Very predictable move I don’t think we are used to seeing something running so smoothly. I mean anything that cuts costs, time and is very very convenience scares us.

Banks are notorious, just like the parliament they seem to have for the most part lost touch with reality. You seek out opportunities in the market and exploit them. They had become so comfortable with the profits they were making and thought it was the end of the world. Even failed to anticipate the emergence of new players in the market – it explain the entrance of banks from West Africa.
Not that I am suggesting banks are behind Safaricom’s but it cannot be further from the truth that they must be jealous of the success so far of the M-Pesa product. But everything about banking services can be depressing in fact it cannot be completely untrue that they thrive on our desperation and misery. To some managers the long queues in the banking halls seem to be a source of pride – ‘we have a huge market share see how we are busy?’ It is not enough to produce huge profits every year end and sit back and relax.

Kengen had its AGM recently and highlighted the tough environment the large listed companies are to face at year end from hosting the AGM to dividend payment – there is talk now of using cheaper services like, you guessed it right M-Pesa. Otherwise cannot wait for Safaricom’s AGM

After queuing up for some hours I managed to apply for a CDS account at the CBK. It was a merry-go-round – a manager at ‘my’ bank branch was reluctant saying my account was still very new and they only do it for customers who have been with them for more than 6 months. Imagine if I was after a soft loan! Finally I got what I wanted - just goes to show what I am into. I just think banks are slow to learn, instead of competing aggressively they are very comfortable. She even has no clue why I'm opening a CDS account - why should I let money lie in the account just to to gather dust?

You can tell I still don’t see myself taking my cash to the NSE – good luck to the new CEO and his plans – I still have a long way to go to even consider buying shares.


In the meantime I am running around town doing errands for my mum as she is moving houses. I was in town the other day all looking rugged (again I seriously need a ride!) coming from doing some heavy manual work. When you are looking all good is when the unexpected happens – I’m surprised she recognized me. She was all looking fine and smelling good - but it's all good!