Kiambu Town MP Jude Jomo has hailed President Uhuru Kenyatta for assenting to the Banking (amendment) bill, 2015. The MP, the bill's sponsor, said he was excited with the President's bold decision and thanked Kenyans for their support. The Banking (Amendment) Bill 2015 was signed into law by the President on Wednesday. It regulates interest rates at no more than four per cent of the base rate set and published by the Central Bank of Kenya (CBK). Read: Co-op Bank caps loans at 14.5% as rout on bank stock persists

Source: The Star August 26, 2016 15:56 UTC