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KCB, Equity Bank Seen as Biggest Winners If Kenyan Rate Caps Go
NAIROBI (Capital Markets in Africa) – KCB Group Ltd. and Equity Group Holdings Ltd., Kenya’s largest lenders, will be the biggest beneficiaries from the scrapping of laws limiting the amount of interest banks can charge, according to Exotix Capital Ltd. analyst Faith Mwangi. Treasury Secretary Henry Rotich has started steps to revoke legislation that the International Monetary Fund has said is damaging the economy and banks have blamed for stalling loan growth. The government is racing to meet an…
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