×
The Standard e-Paper
Smart Minds Choose Us
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.
Kenya’s caps on commercial interest rates imposed in 2016 are unsustainable and the government plans to modify them without driving up lending rates, Finance Minister Henry Rotich said on Friday.
In a bid to limit the cost of borrowing faced by businesses and individuals, Kenya capped commercial lending rates in September 2016 at 4 percentage points above the central bank’s benchmark rate, which now stands at 10 percent.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join