Tagged in: SME

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Kenya: Is the interest rate cap coming off?

It is now a year since an amendment to the Kenyan Banking Act of 2016 capping interest rates on loans at 4% above the Central Bank rate – which stands at 10% – came into force.…

Nigeria launches development bank to support SMEs

Ask Nigerians to name the commanding heights of their economy, and most will point to the oil wells of the Niger Delta, the gleaming financial towers of Lagos Island, or the sprawling cement factories owned by Aliko Dangote.…