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Uhuru Kenyatta on Treasury Deal with Kenya Bankers Association and CBK to prevent loan defaults

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Uploaded on Dec 13, 2011

Uhuru Kenyatta met with Kenya Bankers Association and struck a deal between the Kenya Bankers Association, the Central Bank and Treasury in a move aimed at avoiding loan defaults. The Kenyan Bankers Association said it had agreed not to pass on the central bank's latest 150 basis point rise in its key rate to holders of existing loans.

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