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NAIROBI, KENYA: Cabinet Secretary Henry Rotich said a proposed financial-markets regulator will not infringe on the mandate of the country’s central bank, which has complained the new agency would leave it “emasculated”.
The bill proposing the agency aims to deal with predatory lending, Finance Cabinet Secretary Henry Rotich said on Thursday, and the Treasury will take into account the views of the central bank before the draft law is presented to parliament.
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