Banks Seen as Biggest Winners as Kenya Lawmakers Scrap Rate Caps
- Vote held amid disruptions that forced 10-minute adjournment
- Cap cut credit to businesses and complicated monetary policy
This article is for subscribers only.
Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter
President Uhuru Kenyatta won a critical vote in parliament to remove interest-rate caps, paving the way to scrap a law that’s starved businesses of credit.