Banks should not determine interest rates on loans

President Uhuru Kenyatta signs into law the Finance Bill 2019 at State House, Nairobi.

Last month, President Uhuru Kenyatta declined to assent to the Finance Bill 2019 and sent it back to the National Assembly with his recommendations.

The president’s refusal to append his signature to the Bill which was to repeal the Banking (Amendment) Act 2015 has elicited mixed reactions from MPs as well as ordinary Kenyans.