Equity Bank has lowered their interest rates to 13.5 per cent, aligning to the Central Bank’s Monetary Policy Committee meeting which lowered the base lending..
The interest rates caps that came into effect in September 2016 has led to companies experiences cash shortages, impeding growth. A Purchasing Managers Index (PMI)..
Cooperative Bank and Kenya Commercial Bank (KCB) have lowered their interest rates in line with the Banking (Amendment) Act 2015. The two have led the..
President Uhuru Kenyatta has signed into law the Banking (Amendment) Bill, 2015 which limits how much interest banks can charge for loans, despite assertions by..
By Phyllis Wakiaga I would like to add my voice to the ongoing debate on whether capping interest rates at 4 percent above the Central..