Tag Archive | "bank interest rates"

PRESIDENT UHURU ASSENTS CONTROVERSIAL BANKING BILL

President Uhuru yesterday finally signed into law the Banking Bill, which seeks to cap bank interest rates. Below is the president’s statement; On July 28, 2016, the National Assembly passed the Banking (Amendment) Bill, 2015. The Bill intends to regulate interest rates that are applicable to banks’ loans and deposits, capping the interest rates that […]

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