Kenya’s Rate Cap is Dead, but Private Credit Growth May Remain Elusive for Some Time

The introduction of the interest rate cap in 2016 was intended to enhance access to credit for retail customers and Kenya’s large SME sector. Instead, the effect was very much the opposite. But despite the recent repeal of the cap, the path back towards strong private sector credit growth may be more challenging than it may first appear.


Jan 30, 2020 // 7:30AM

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