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Kenya:
President Kenyatta Signs Interest Rates Bill Into Law
Capital FM, 24 August 2016
President Uhuru Kenyatta has finally signed into law the Banking (Amendment) Bill, 2015 aimed at regulating interest rates charged by banks. Read more »
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Kenya:
Kenyatta Assents to Bill Capping Bank Interest Rates
Nation, 24 August 2016
President Uhuru Kenyatta has signed into law a Bill capping bank interest rates at 4 per cent above the Central Bank Benchmark Rate. Read more »
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Kenya:
President Kenyatta Earns Accolades on Interest Rates Law
Capital FM, 24 August 2016
"Banks' honey jar has just been tipped over," one of the more than a thousand tweets reads barely two hours since signing of the Banking (Amendment) Bill 2015 by President Uhuru… Read more »
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Kenya:
What the New Interest Rates Law Means to Customers
Capital FM, 24 August 2016
The signing into law the Banking (Amendment) Bill, 2015, could usher in fundamental changes in the financial sector. Read more »
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Kenya:
Banks Unhappy, but Will Comply With Law Capping Interest Rates
Capital FM, 24 August 2016
The Kenya Bankers Association (KBA) says banks will comply with the new law to cap interest rates assented by President Uhuru Kenyatta on Wednesday. Read more »
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Kenya:
Business People Praise Uhuru for 'Bold Move' to Cap Interests
Nation, 24 August 2016
A cross section of business people in Mombasa on Wednesday praised President Uhuru Kenyatta for his "bold move" after he assented to the Banking Amendment Act 2015. Read more »
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Kenya:
New Law Good but Banks Might Find a Way Around It and Retain Huge Profits
Nation, 24 August 2016
President Uhuru Kenyatta gave an express assent to the banking amendment Bill of 2015 and by that constitutional action made it law. Read more »
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Kenya:
New Law Lifts Burden of Inflated Loans From Borrowers' Backs
Nation, 24 August 2016
Families are among thousands of borrowers who can now smile back to the bank after President Uhuru Kenyatta finally signed into law the proposal to cap interest rates. Read more »
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Kenya:
Interest Cap to Squeeze Small Lenders Harder, Says Agency
Nation, 18 August 2016
Large banks will protect their profit margins by pushing more loans if capping of interest rates is introduced, an international rating agency has said. Read more »
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Kenya:
Battle Lines Drawn On Plan to Cap Loan Rates
Nation, 2 August 2016
Kenyan banks are once again battling a new attempt to put a ceiling on interest rates, one of the key sources of their revenues. Read more »
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Kenya:
Banks Fight New Bid to Cap Interest Rates
Nation, 28 July 2016
Bankers have urged the President to reject the Bill seeking to cap interest rates, arguing that it will hit small borrowers hardest. Read more »
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Kenya:
Bank CEOs' Worry Over Term Limit
Nation, 26 July 2016
Chief executives of Kenyan banks are apprehensive over a proposal to cap their tenure as part of efforts to enhance corporate governance and inject new blood into lenders'… Read more »