Kenya: Treasury downplays rate cap credit squeeze effect

Treasury principal secretary Kamau Thugge has downplayed the effect of interest rate caps in stifling private sector lending arguing there was a steady decline in demand prior to the new law.Dr Thugge reckons that ahead of the September 2016 controls lending to private enterprises and mid-sized entrepreneurs by banks had already slowed down. « Credit expansion to…

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ACTUALITÉ AFRICAINE À TOUTE HEURE

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