Kenya’s Biggest Bank Faults State Borrowing for High Rates

  • KCB CEO says government borrowing needs to be more predictable
  • Plunge in share price after rate-cap law an ‘over-reaction’

Kenya’s biggest bank said the government can do more to help reduce high lending rates by being clearer about its borrowing plans, after President Uhuru Kenyatta signed into law a bill capping the cost of loans.

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