Oigara backs plan to review law capping interest rates
2 weeks ago, 17:23
KCB Group #ticker:KCB chief executive Joshua Oigara has voiced the bank’s support for a review of the interest rate capping law saying it is stifling credit flow and economic growth. Mr Oigara, who was speaking when announcing KCB’s Sh19.7 billion full-year net profit for 2017, suggested sector-specific lending controls as opposed to the present blanket cap. His call for a review of the 17-month-old law echoes the sentiments by his fellow bankers, the International Monetary Fund (IMF) and Financ ...
Category: business news lifestyle corporate markets economy opinion