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The Standard e-Paper
Kenya's Bold Newspaper
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The interest rate cap on loans is unlikely to be scrapped anytime soon despite the Central Bank's latest hint that the law could be repealed.
According to international rating agency Fitch Ratings, the regulation capping interest rates at four per cent above the Central Bank Rate (CBR) - currently at 10 per cent - is likely to undergo a revision and not total scrapping.
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