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Illustration: Pete Ellis |
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IN ADDITION |
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On August 24, Uhuru Kenyatta, Kenya’s president, sat down in his official residence in Nairobi to sign into law the country’s latest piece of financial regulation – a controversial bill capping interest rates on commercial loans. By his side stood Patrick Njoroge, the country’s central bank governor. Njoroge, who had said the bill would have “overwhelmingly negative consequences on businesses and consumers”, was not smiling.
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