sunday whine:NSSF

[wrongturn]

 

[Eng'iti]

It's their time to eat

 

[Montecarlo]

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I agree with this...wamashamba and his estranged step brother Jirongo had perfected the art of milking parastatals and banks and especially NHIF. Sasa agenda ni NSSF.
If he does not restructure parastatals and the report on how to do it is already gathering dust, then awache upuzi.

 

[mzeiya]

Njega should have also mentioned whatever good NSSF has done such as the development of Nyayo Estate, one of the best-run residential estates despite its enormous size of about 5K units. I don't know what else but surely they must have fruitful investments elsewhere.

 

[Othello]

The discussion started way long after he made a roadside declaration
Haya ndiyo maoni

 

[Okiya]

Ruto is right we need to improve our savings. In fact, that money should be the one used to grow the economy.
But on the part where the custodian is NSSF, hapo nayo sikubaliani

 

[Okiya]

I don't know what else but surely they must have fruitful investments elsewhere.

Hazina

 

[shocks]

I don't know what else but surely they must have fruitful investments elsewhere.

The 3% return to savers says everything you need to know about its investments.

 

[Okiya]

The 3% return to savers says everything you need to know about its investments.

What many people don't know is that NSSF has breached the legal cap it's supposed to spend on admin expenses. That's why pensioners get a meagre 3% return.

 

[Denis Young]

Njenga ni kama he is leading a think tank of pessimists. While sometimes helpful, progress is almost impossible with such people. Everybody knows reforms must be done.

 

[The.Black.Templar]

Atwoli has been mentioned severally when it comes to mismanagement of NSSF

 

[Denis Young]

Btw, just to derail this thread kidogo, why did I just see a news report on Inoro watu wa mashinani celebrating the removal of the subsidy. Apparently, they had not been getting fuel at the tusmall village petrol stations and now they are getting it. Seems the correction has started happening.

 

[Okiya]

Atwoli has been mentioned severally when it comes to mismanagement of NSSF

That one is a crook! Thank God he was kicked out of the board.

 

[Denis Young]

Btw, just to derail this thread kidogo, why did I just see a news report on Inoro watu wa mashinani celebrating the removal of the subsidy. Apparently, they had not been getting fuel at the tusmall village petrol stations and now they are getting it. Seems the correction has started happening.

 

[DeepInYourMind]

Ruto is right we need to improve our savings. In fact, that money should be the one used to grow the economy.
But on the part where the custodian is NSSF, hapo nayo sikubaliani

I had a bank with very good interest rates on savings above a certain amount, approaching returns from the MMFs. But when the govt imposed a cap on credit interest rates, we lost the good rates on savings (I guess the bank was trying to find ways of making up for lost profits). Eventually the govt abandoned the interest rates cap, but the damage was already done. I'm currently yet to see any such rates on savings anywhere apart from maybe Postbank, who I don't understand well enough.

Govt intervention on a free market more often than not does not end well.