When Kenya Bankers Association (KBA) Chief Finance Officer Kennedy Mutisya presented the innovative idea on how the government could pay VAT refunds using bonds to President William Ruto recently, he did not anticipate what would come next.
While President Ruto welcomed the idea, which has been used to handle pending bills in the roads sector, he shifted the spotlight to Mutisya, tasking him to explain why banks are sluggish to bring down interest rates.
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When Kenya Bankers Association (KBA) Chief Finance Officer Kennedy Mutisya presented the innovative idea on how the government could pay VAT refunds using bonds to President William Ruto recently, he did not anticipate what would come next.
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By Graham Kajilwa