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Inclusive Opportunities Presented by the Bank Amendment Bill 2015

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The newly signed Bank Amendment Bill 2015 by the President of Kenya Uhuru Kenyatta has sparked mixed reactions from various shareholders within the Kenyan financial sector. The bill caps the interest rates of banks to 4% above the Kenya Banks’ Reference Rate of the Central Bank of Kenya (10.5%). A majority of the public believe that this is the step in the right direction, in bringing sanity and fairness into the sector, which has been accused for raking profits at the expense of the people.

For more on this story visit the following link: Inclusive Opportunities Presented by the Bank Amendment Bill 2015

Source: InclusiveBusinessHub

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