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Africa politics

President Ruto Tells Bank Bosses Why CRB Victims Have to be Pardoned

President William Ruto attended a presser that was jointly held by KCB, Safaricom and NCBA where he addressed issues such as Fuliza, Betting and Kenyans that were blacklisted by Credit Reference Bureau (CRB).

He appreciated Safaricom for reducing the Fuliza interest rates by 50% stating that this will benefit many Kenyans who depend on it for borrowing money.

He also commended the Central Bank of Kenya governor for putting in place the right regulations to ensure that betting companies pay taxes.

President Ruto also announced that four to five million of Kenyans who were blacklisted by CRB will be pardoned from the month of November.

He told bank bosses that he had no bad intentions by doing that and they should not be angry with him. That he had to do it so as to help the voiceless Kenyans who cannot access the right offices.

"I know I have disturbed the governor a lot with many phonecalls but I appreciate that he has been forthright and a gentleman. Sometimes of you see too many of my calls it is because you customers are on my case. So just take it positively, it is nothing personal. I just had to do the bidding for those who cannot access the offices that they need," President Ruto said.

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