President Uhuru Kenyatta rejected to approve the Finance Bill and further asked Members of Parliament to scrap commercial lending rate caps that critics say have led to a credit squeeze. To overturn the President’s memorandum, MPs require to marshall a two-thirds majority by 10th of October when they resume their sessions. Reginald Kadzutu, Economic Analyst joins CNBC Africa for more.
President Uhuru rejects rate cap – how will this impact Kenyan banks?
PUBLISHED: Wed, 23 Oct 2019 11:06:09 GMT