Banks can now raise loan rates without Treasury approval: What it means for Kenyans
This story has significance for readers across Kenya and beyond.
Kenyan banks can temporarily increase or lower loan interest rates without seeking approval from the National Treasury after the High Court suspended enforcement of a provision requiring such approval. The order issued on Thursday, August 13, follows a case filed by the Kenya Bankers Association (KBA), which challenged Section 44 of the Banking Act. The […]
Reporting originally appeared via People Daily. Read the full source for additional context.