President Uhuru Kenyatta yesterday received the Banking (Amendment) Bill 2015 for assent, a bill that seeks to regulate the bank rates as it promises Kenyans cheaper credits from the banks.
However, Kenyans will have to be patient in knowing the fate of the bill, whether the president will append his signature on the bill or reject it, fourteen days from today.
If the president with the provision to cap interest rates, ordinary Kenyans and Members of Parliament (MPs) assertive for its depiction will feel justified.
If the President’s explanation does not convince, the MPs, some of whom are re-paying huge loans, could raise a two-thirds majority veto and overturn the decision.
State House yesterday, through their spokesperson Manoah Esipisu, said the President does not intend to keep Kenyans guessing on the fate of the Bill for longer than necessary.
“The President will pronounce himself within the time frame. He has not been staying idle. He is proactive and has been following the debate around the Bill,” said Mr Esipisu.