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The Standard Group Plc is a
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The president’s assent to the Banking Amendment Bill 2015 has drawn mixed reactions. High interest rates have continuously hindered growth of Kenyan businesses.
If you compare the rates offered to corporate borrowers in the UK and Europe where interest rates are often sub 5 per cent, to the average Kenyan rates, which are in excess of 20 per cent, you can see that businesses are largely disadvantaged.
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