The KCB Group is set for another round of layoffs that is intended to save Sh2 billion per year in staff costs. The bank, Kenya’s largest by assets, attributed the move to the impact of the recent interest rates capping and technology changes. I think KCB is not sincere. Visit any branch and you will notice that they have business like never before. Do banks want to force the government to increase the loan interest rates?

Source: Daily Nation April 23, 2017 17:28 UTC