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The Standard Group Plc is a
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Loss-making microfinance banks (MFBs) might be forced to consolidate their operations after the Central Bank of Kenya (CBK) proposed a 12-fold increase in their minimum core capital.
In new draft regulations, CBK is pushing for a graduated increase of the microlenders’ minimum core capital to Sh250 million in five years, up from the current Sh60 million.
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