UHURU KENYATTA is God sent! His mentor, DANIEL MOI, acknowledges and says this.00:00
.. now be able to borrow loans and advised banks not to frustrate Kenyans by denied them loans.
The Central Bank rate (CBR) currently stands at 10.5 per cent and this means that commercial banks will not be allowed to lend at rates above 14.5 per cent.
The new law also caps the minimum deposit rates that banks give customers to 70 per cent of the CBR - Central Bank’s benchmark lending rate to commercial banks.
Most of the banks in the country have already complied with the new law.
The Kenyan DAILY POST