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Senators are demanding an explanation from the National Treasury on why the minimum capital requirement for banks has been increased to Sh5 billion from Sh1 billion.
Senate Minority Leader Moses Wetang’ula (Bungoma), and senators Boni Khalwale (Kakamega) and Mutula Kilonzo Jnr (Makueni) took issue with Cabinet Secretary Henry Rotich’s policy, saying it violates provisions of the law against monopolies.
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