Commercial banks in Kenya will begin disclosing to loan applicants the components that make up the total cost of credit as a percentage known as the Annual Percentage Rate (APR). This follo
Commercial banks in Kenya have begun the pilot implementation of the Annual Percentage Rate (APR) pricing mechanism, which will enable consumers to compare different bank loan costs based on standa
Discussions about interest rates are often more emotive than those of other market prices. That is the case, I could argue, because being the price of money interest rates have the unique characteristic of simultaneously evoking hope and fear. Tha