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Govt looking to scrap or modify rate cap law: Uhuru

President Uhuru Kenyatta with UK's Prince William when they held talks at Buckingham Palace in London. President Kenyatta says Kenya could scrap or modify the law limiting bank interest rates. PHOTO | NMG

By  Collins Omulo

Reporter

Nation Media Group

The government could scrap or modify the law limiting bank interest rates, President Uhuru Kenyatta has said.

The President told a meeting in London that the cap should be removed because it cuts small and medium enterprises’ (SMEs) access to credit.

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