×
App Icon
The Standard e-Paper
Fearless, Trusted News
★★★★ - on Play Store
Download App

Banks plot new war over interest rates

KBA CEO Habil Olaka addressing media during the Banking Amendment Act. (Photo: Wilberforce Okwiri/Standard)

Kenyan banks have plotted to woo new legislators into scrapping the cap on interest rates once crucial committees are formed.

Committees including Trade, Finance and Planning that has the mandate to review the rate cap have yet to be constituted following the standoff over the repeat elections as warring political factions stall Parliament’s business.

Get Full Access for Ksh299/Week.
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in