Kenya’s Treasury Chief Is Confident Rate Caps Will Be Scrapped

(Bloomberg) -- Kenya’s interest-rate caps will be scrapped because lawmakers won’t be able to raise enough support in parliament to oppose the president, acting Treasury Secretary Ukur Yatani said.President Uhuru Kenyatta has rejected a bill that seeks to retain caps on interest rates that commercial banks can charge on loans. Parliament must now either amend the bill to reflect Kenyatta’s wishes or vote to push it through.The widely circulated Daily Nation newspaper has report