Cap on interest rates

5 Articles
FEATURED ARTICLE

Parliament Hands Banks Keys to Dictate Loan Terms

MPs failed to raise the requisite two-thirds majority required to veto President Uhuru Kenyatta’s decision to reject the cap on interest rates in...

TrNairobi Securities Exchange performance www.businesstoday.co.ke
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Uhuru Recommendation Sees Investors Jostle for Banking Sector Stock

Investors continue to buy banks' stock in bulk in anticipation that the law capping interest rates will be repealed as recommended by President...

Kenya Bankers Association (KBA) chief executive Dr Habil Olaka during a past event.
FEATURED ARTICLE

Bankers rally behind ruling on interest rates

Bankers through their umbrella body, the Kenya Bankers Association of Kenya (KBA) have welcomed last week’s High Court ruling that declared the law...

FEATURED ARTICLE

National Bank customers to earn up to 7% interest on deposits

National Bank of Kenya will continue to pay up to 7% interest on customers' deposits despite the requirement being repealed by the Finance...

FEATURED ARTICLE

Standard Chartered Kenya CEO: Cap on interest rates bad for economy

Standard Chartered Kenya chief executive Lamin Manjang on October 2 warned that the cap on interest rates is counter-productive and an impediment to...