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The Standard Group Plc is a
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Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The banking industry is under pressure and is calling for a review of the controversial interest cap law enacted in August 2016. The banks point to the adverse effect the law is having on the sector’s liquidity.
The International Monetary Fund (IMF) has lent its voice and unlike previous consultative warnings against interest controls, this time it has explicitly called for their removal. The IMF warns the controls are posing a risk to financial stability in East Africa’s biggest economy.
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