Kenyan High Court strikes down law capping interest rates


Kenya’s central bank welcomed a decision by the country’s High Court, which annulled 2016 amendments to the country’s Banking Act that allowed caps on interest rates.

The High Court of Kenya ruled on March 14 sections of the law capping the interest charged on credit facilities were “unconstitutional”.   

“Section 33B (3) of the Banking Act is hereby declared unconstitutional, null and void for being discriminatory,” ruled the court. It also said the section was “ambiguous, imprecise and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: