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KCB boss wants rate cap restricted to key sectors alone

Kenya Commercial Bank (KCB) Chief Executive Joshua Oigara

Kenya Commercial Bank (KCB) Chief Executive Joshua Oigara wants lawmakers to review the interest rate cap law to have it apply to a few key sectors only.

According to Oigara, the “one size fits all” model of the rate cap that came into effect in September 2016 needs to be remodelled to help the financial sector unlock opportunities in the economy.  

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