Trade CS nominee Lee Kinyanjui: We don't have banks that are aligned to industry. Banks that would walk with local investors as they grow. Small businesses are facing a cash squeeze because banks are not lending to them, they are putting their money in Treasury bonds and bills. They should set aside a certain percentage of their money for small businesses.
Trade CS nominee Lee Kinyanjui: We don't have banks that are aligned to industry. Banks that would walk with local investors as they grow. Small businesses are facing a cash squeeze because banks are not lending to them, they are putting their money in Treasury bonds and bills. They should set aside a certain percentage of their money for small businesses.
As such, the SC would like to remind investors to always exercise caution when evaluating investment opportunities, especially those promising unrealistically high returns with little or no risk. Investors should also never deposit money into someone’s personal bank account if instructed. The last couple days have exemplified that uncertainty. On Thursday, news emerged that talks in Turkey between the Russia and Ukraine yielded no positive result. But on Friday, Reuters reported that Russian President Vladimir Putin said there had been some “positive shifts” in talks between the two sides. Investors took profits on Friday while they could ahead of the weekend, explained Tom Essaye, founder of Sevens Report Research. Saturday and Sunday could easily bring unfortunate news on the war front—and traders would rather be able to sell any recent winnings at Friday’s earlier prices than wait for a potentially lower price at Monday’s open. These entities are reportedly operating nine Telegram channels with more than five million subscribers to whom they were making recommendations on selected listed scrips. Such recommendations induced the investors to deal in the said scrips, thereby creating artificial volume and price rise. On Telegram’s website, it says that Pavel Durov “supports Telegram financially and ideologically while Nikolai (Duvov)’s input is technological.” Currently, the Telegram team is based in Dubai, having moved around from Berlin, London and Singapore after departing Russia. Meanwhile, the company which owns Telegram is registered in the British Virgin Islands.
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