August you mean.

https://www.bloomberg.com/news/articles/2018-08-23/kenyan-rate-cap-champion-wants-to-limit-bank-lending-to-state

A Kenyan lawmaker who successfully introduced a law capping interest rates is now proposing to limit how much the government can borrow from local commercial banks and wants a five-fold increase in the core capital the lenders hold.

Lawmakers in East Africa’s biggest economy plan to introduce the changes in the Finance Bill 2018 to ensure that the public sector doesn’t crowd out businesses and personal lending, Member of Parliament Jude Njomo said by phone in the capital, Nairobi.

In addition, the proposed changes that are yet to be introduced in parliament will eventually increase capital to 5 billion shillings ($49.7 million) in three years’ time from 1 billion shillings. Commercial banks will be required to double their minimum capital to 2 billion shillings by the end of 2019 and 3.5 billion shillings by 2020, he said.
Profit for Kenyan lenders climbed as much as 18 percent, despite an interest-rate cap that pegs the commercial lending rates to the benchmark policy rate. The International Monetary Fund has criticized the ceiling that was introduced in 2016 and said it should be repealed if the government is to continue accessing a precautionary facility that cushions it against exogenous shocks to its balance of payments.

The lawmakers are also lobbying for the removal of an amendment in the Finance Bill to repeal the rate-cap law, Njomo said.

“We are not convinced that the banks have changed, in fact they have changed for the worse,” Njomo said. “What they have done is to gang up to arm-twist the government so that they can ensure the rate caps are removed. This is tantamount to economic sabotage.”

Government Securities
Kenya borrowed 273.7 billion shillings from the domestic market in the 2017-18 fiscal year, 10 percent more than initially budgeted, according to the Treasury. BMI Research, a unit of Fitch Group, estimates the nation’s debt will increase to more than 60 percent of gross domestic product in 2018.
Banks held government debt of 1.27 trillion shillings in the first half, 11 percent more than a year earlier, according to the Treasury. Private sector credit growth decelerated to 2.4 percent in 2017, the slowest growth since 2005, according to the central bank.

In 2016, banks asked regulators for two years before the government can reintroduce plans to increase the core capital to 5 billion shillings, within which time two banks have failed, Njomo said. While Spire Bank and government-owned Consolidated Bank of Kenya Ltd. are still below the minimum requirement, 19 lenders hold more than 5 billion shillings of capital, according to the central bank.

Another amendment lawmakers will prepare is to have banks lending at least 20 percent of their loan books to small- and medium-sized enterprises, Njomo said. If they fail, “there’ll be some punishment” in fines, he said.

“Section 33B of the Banking Act is amended by deleting subsection (1) and substituting therefore the following new subsection,” read part of the Joseph Limo-led committee’s report tabled yesterday in Parliament. “A bank or financial institution shall set the maximum interest rate chargeable for a credit facility in Kenya at no more than four per cent above the base rate set and published by the KBRR.” The committee had resisted the Government’s and International Monetary Fund’s (IMF) aggressive push for the removal of the interest rate cap. This is a major to blow to banks that have been lobbying for the removal of the rate cap, arguing that credit available to micro, small and medium enterprises (MSMEs) has shrunk.
Read more at: https://www.standardmedi...mps-retain-law-on-rates

Like we said interest rates capping is not happening this year now linked to KBRR