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{
    "id": 271697,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/271697/?format=api",
    "text_counter": 332,
    "type": "speech",
    "speaker_name": "Mr. Githae",
    "speaker_title": "The Minister for Nairobi Metropolitan Development",
    "speaker": {
        "id": 159,
        "legal_name": "Robinson Njeru Githae",
        "slug": "robinson-githae"
    },
    "content": "(Amendment) Bill, 2011 were submitted through separate Bills and passed leaving the Finance Bill, 2011 strictly for the proposed amendments relating to taxes and taxation. I would also like to indicate that there are ongoing efforts to address the concerns about the high lending rates. Indeed, arising from the consultations with the Kenya Bankers Association, an agreement has been reached on a raft of measures on restructuring loans in a regime of high interest rates covering five key areas of concern namely; one, lengthening loan repayment period, capping the interest rates, capping the maximum interest in the loan repayment amount to not more than 20 per cent, absorption of costs by banks and no further interest rise in spite of the recent 150 business point increase and future rise in Central Bank rate."
}