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Retain rates cap law: Icpak

Participants follow the proceedings during institute of certified public accountant of Kenya 34th annual seminar at Sarova Whitesands beach resort and Spa in Mombasa. 23rd May 2018 [Omondi Onyango/Standard]

The umbrella body for certified accountants in Kenya has opposed plans to review the interest rates cap law, saying the challenges that led to its introduction have not been addressed.

The Institute of Certified Public Accountants of Kenya (Icpak), which boasts of 23,000 members, said it was too soon to evaluate or assess the impact of the law on lenders and borrowers.

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