NEWS

FKE

Last Updated: Wednesday, 05 October 2016 16:32
Published: Thursday, 29 September 2016 04:09
President signs banking act into law

 

President Uhuru Kenyatta has signed into law the Banking (Amendment) Bill that seeks to cap interest rates on loans. In doing so, the President said he had consulted widely before appending his signature on to Bill.

 

"I have assented to the Bill as presented to me. We will implement the new law, noting the difficulties that it would present, which include credit becoming unavailable to some consumers and the possible emergence of unregulated informal and exploitative lending mechanisms,” said the head of state in a statement.

 

The President noted that the government will closely monitor these difficulties, particularly as they relate to the most vulnerable segments of the population. The government will also accelerate other reform measures necessary to reduce the cost of credit and thereby create the opportunities that will move our economy to greater prosperity.

 

Read full statement

(http://www.president.go.ke/2016/08/24/statement-by-h-e-uhuru-kenyatta-president-of-the-republic-of-kenya-and-commander-in-chief-of-the-defence-forces-on-the-banking-amendment-act-2015/)

FKE CEO Jacqueline Mugo with other Members of Business Africa at the Employees Forum in Algiers on 22- 23 April 201… https://t.co/aA9uRgorXg
RT @Kromjong: #SA4Jobs #apprenticeships @GAN4Youth @Harambee4Work bridging #youth to #jobs investment between 5 to 40 days depending on job…
FKE CEO, Mrs. Jacqueline Mugo facilitating a session during the Apprenticeships and Work-based Training in Africa. https://t.co/jCvgkGTZEu
RT @KiroriRose: FKE CEO,Jacqueline Mugo facilitating the SA4jobs Session https://t.co/7LT4HBNsHi
Have you participated in the Employer of the year survey? Deadline Extended to 31st March. https://t.co/rrau56ICiU https://t.co/1ADCEEiiPq
Working together to Eliminate Child Labour through Education and Improve Living Standards within Communities… https://t.co/hJtcpnT9eP
Dummy #EYA Employer of The Year trophy tour at @GrantThorntonKE https://t.co/l7sZVK1ptm
RT @FKEKenya: Are you a Female Leader aspiring to move into the C-suite and interested in broadening opportunities to develop skills? https…
@HabilOlaka Giving the vote of thanks #EYA https://t.co/i1XiitVo3B
RT @jedidiahMunishi: Criteria we'll use to honour organizations to include: leadership, performance, responsible business practices ~ @FKEK
RT @Hot_96Kenya: We'll publicly honor organizations contributing to development of Kenya ~ @FKEKenya #EmployerAwards https://t.co/sFT5Mfe…
RT @chriskirwa: @FKEKenya CEO @jacquelinemugo Giving her opening remarks at the #EYA launch https://t.co/8kf2aJOtZ6
RT @Shapyah: @FKEKenya #EYA this is the way to go kudos FKE