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Kenya’s rate cap revision-winners & losers

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

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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.


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