Business Daily | by John Mutua
Depositors in collapsed banks will be compensated within six months after MPs overruled President Uhuru Kenyatta’s advisory to remove the time cap for the Sh500,000 compensation.
President Kenyatta had on February 3 rejected the Bill, saying it conflicts with Kenya’s law and international standards that demand depositors in failed banks be paid within 30 days of the institution being placed in liquidation…
