Land buying firms to pay Sh500m license fees - Buroti maguta maguta kwisha

[Homo_erectus]

[MEDIA=twitter]1632629584104685569[/MEDIA]

[Nyadist]

Wacha katambe. too many fakes hio sector.

[Inthanite]

And the sad bit is that those[COLOR=rgb(184, 49, 47)] Land Companies that have already fleeced Kenyans the most will easily afford to pay the
[SIZE=4]Sh500m license fees.[/SIZE]

[RodyKonki]

Wangeekewa 1 birrions

[cortedivoire]

All scammers will rebrand and deposit. Fools and their money will part ways

[olemarkus]

Shida huwa the cons have enough money to buy judges.

[Ramses]

Wamalize mambo ya offplan kabisa. Mtu auze kitu ako nayo

[pipinono]

@Homo erectus

[MEDIA=twitter]1632629584104685569[/MEDIA]

Upuss. Unless we fix the Judiciary hii ni mnyambo ya punda.

Banks have the same set up with Kenya Deposit Insurance Corporation but watu bado wanafirwa bila lube.

[Ramses]

@Inthanite

And the sad bit is that those[COLOR=rgb(184, 49, 47)] Land Companies that have already fleeced Kenyans the most will easily afford to pay the
[SIZE=4]Sh500m license fees.[/SIZE]

Would suggest that wamalize mambo ya offplan kabisa. Mtu auze kitu ako nayo.
Will slow down growth in the sector, but protect the customers in the long run. Let the developers seek financing from other sources like bank’s that are in a position to evaluate the risks involved.

[fishmonger]

@Homo erectus

[MEDIA=twitter]1632629584104685569[/MEDIA]

The way tp go. All those companies should be registered and a clearance certificate issued before advertising/selling any land project such that the regulatory authority should ascertain the land selling company has genuine ownership of the property before selling.

[Jack_Black]

@Inthanite

And the sad bit is that those[COLOR=rgb(184, 49, 47)] Land Companies that have already fleeced Kenyans the most will easily afford to pay the
[SIZE=4]Sh500m license fees.[/SIZE]

Actually, they won’t… most of the briefcase firms operate with around 500k to 2m cash. 500m si mchezo.

[Sambamba]

@Inthanite

And the sad bit is that those[COLOR=rgb(184, 49, 47)] Land Companies that have already fleeced Kenyans the most will easily afford to pay the
[SIZE=4]Sh500m license fees.[/SIZE]

Upus… 500 ni pesa nyingi sana and will virtually eliminate the quacks…

[anon94046782]

@Homo erectus

[MEDIA=twitter]1632629584104685569[/MEDIA]

Interesting times… Companies with a healthy balance sheet… Wata kula hii sector… Vizuri sana…

[Simiyu22]

@Inthanite

And the sad bit is that those[COLOR=rgb(184, 49, 47)] Land Companies that have already fleeced Kenyans the most will easily afford to pay the
[SIZE=4]Sh500m license fees.[/SIZE]

Mjamaa tutatoa wapi 5 million dalla?

@anon94046782

Interesting times… Companies with a healthy balance sheet… Wata kula hii sector… Vizuri sana…

That means only banks. So what land buying companies will do is buy the banks sureity guranteee and use it to trade.

@fishmonger

The way tp go. All those companies should be registered and a clearance certificate issued before advertising/selling any land project such that the regulatory authority should ascertain the land selling company has genuine ownership of the property before selling.

[uwesmake]

regulation

[Kahuni_Maisha]

@Inthanite

And the sad bit is that those[COLOR=rgb(184, 49, 47)] Land Companies that have already fleeced Kenyans the most will easily afford to pay the
[SIZE=4]Sh500m license fees.[/SIZE]

For one to forfeit ksh500 million, you have to pull a scam that’s over that amount, which is alot of work and risk.

[Yuletapeli]

Ngumu sana

[Beast]

Low IQ Bonobos, hiyo 500m sio license fee. Ni minimum deposit which you have to maintain…if you mess with your clients, the deposit is used to reimburse them. This is a good regulation. Ni kama ile ya bank whereby they have to maintain a certain sum of money as a form of insurance to their clients.

[Ubongo]

In the right direction

[Anubis]

Something good from Kenya Kwanza