Kenya Reintroduces Interest Rate Caps Abandoned in 1991

  • Government fails to publish more detail on the limits
  • Most lenders have already said they’ll cap rates at 14.5%

Kenya’s government published an amendment to its banking law regulating how much lenders can charge for loans, yet failed to give more details on how the legislation that comes into effect on Sept. 14 will be implemented.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.