Monthly Archives: September 2016

Interest Rate Capping: The True Meaning

President Uhuru Kenyatta-Interest Rate Capping14th of September, 2016 marks the beginning of the new interest rate capping regime in Kenya. You can save up to 42% interest on loan, and earn additional 350% on deposit. This follows the signing into law on the 24th of August, 2016 the Banking (Amendment) Bill 2015 by President Uhuru Kenyatta. Read more »