Kenyan president’s bid to remove lending rate cap passes parliament

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Kenyan President Uhuru Kenyatta addresses the 74th session of the United Nations General Assembly at U.N. headquarters in New York City, New York, U.S., September 25, 2019. REUTERS/Eduardo Munoz/File Photo

NAIROBI (Reuters) – The Kenyan president’s bid to remove a cap on commercial lending rates passed through parliament on Tuesday, after legislators opposed to lifting it failed to muster the required numbers to overturn it.

Reporting by Duncan Miriri and Omar Mohammed; Editing by Alex Richardson

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