Employers’ lobby, Consumer Federation of Kenya clash over interest rate cap

FKE Executive Director Jacqueline Mugo during a press briefing on the Banking Amendment Bill 2015. [PHOTO:WILBERFORCE OKWIRI/STANDARD]

An employers’ federation has petitioned President Uhuru Kenyatta not to sign the Banking Amendment Bill 2015. Instead, the Federation of Kenya Employers (FKE) wants the Bill returned to Parliament to give room for more consultations.

Already, a meeting with the business community has been scheduled for next week to come up with their input in anticipation that President Kenyatta would not be signing the Bill into law.