Kenya’s rate cap revision-winners & losers

PUBLISHED: Mon, 25 Jun 2018 12:13:53 GMT
Share

Although Kenya has a $1.5 billion standby financing facility with the IMF the facility can only be accessed if Kenya cuts its budget deficit. As a structural reform though Treasury Secretary Henry Rotich recently unveiled steps to revoke the interest capping legislation that the International Monetary Fund has said is damaging the economy. Who benefits from revoking the legislation though? Dumi Jere, AfricaCatalysts CEO joins CNBC Africa for more.

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.