"We appeal to the (President) not to assent to the Bill," said Habil Olaka, the chief executive of the Kenya Bankers Association. Hence, the move to introduce interest rates ceiling is plausible," said Mr Julius Mwatu, the vice chairman of ICPAK. Updated Thu, August 11th 2016 at 00:01 GMT +3Accountants yesterday asked President Uhuru Kenyatta to sign the law that regulates interest rates, in the singlebiggest independent endorsement by a professional body. Mwatu spoke after bankers staged a last-gasp plea to President Kenyatta to reject the amendments. In an unprecedented unity of purpose, all banking executives converged mid-morning yesterday to hand over their written promise of cutting interest rates to the Central Bank of Kenya in a seven-point agendaof long-term action points.

Source: Standard Digital August 10, 2016 20:09 UTC