×
The Standard e-Paper
Fearless, Trusted News
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.
The fate of the rate cap law has now moved to Parliament after Treasury Cabinet Secretary Henry Rotich laid bare his plans to repeal it. Now, Members of Parliament remain borrowers’ only hope for cheap loans.
After months of speculation on whether Rotich would only reform the law or have it expunged, he has set the record straight preferring to get rid of the law. The law caps interest rates at 4 per cent above the Central Bank benchmark rate.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join