The winners and losers under Kenya’s interest rate capping regime
Commercial banks have chosen to pump money into Treasury Bills that offer risk-free returns of eight per cent in three months, 10 per cent in six months and about 11 per cent in one year. FOTOSEARCH
The debate on whether Kenya is ready for a controlled interest rate regime has been raging since the government enforced the controversial law in September last year. But who are the winners and losers under the new regime?
The EastAfrican reviewed the impact of the law on select sectors, amid talks of abolishing the legislation.
