David Mwiraria

David Mwiraria

politician Kenya

David Mwiraria was a former Finance Minister in Kenya who introduced the in duplum rule in 2004, aimed at protecting borrowers by limiting excessive interest on non-performing loans. His tenure was marked by efforts to reform banking regulations in response to high lending rates, reflecting the ongoing struggle between consumer protection and financial institution practices.

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Recent Mentions

Kenya Kenya: David Mwiraria was another influential figure in the 'Mount Kenya Mafia'. 5

Farouk Kibet Dennis Itumbi William Ruto Jomo Kenyatta Mbiyu Koinange Charles Njonjo Daniel Arap Moi Nicholas Biwott Mwai Kibaki Joseph Wanjui Uhuru Kenyatta Fred Matiang I Joseph Kinyua Donald Trump Steve Bannon Susie Wiles Xi Jinping Ding Xuexiang Dr Ndonye
The Standard: There's no Head of State who is without 'Farouk' and 'Itumbi'

Kenya Kenya: Aside from the attempts by MPs Donde and Njomo, there was another to cap lending rates during former President Mwai Kibaki’s regime when the then-Finance Minister David Mwiraria introduced the in duplum rule in 2004. 5

John Mbadi Joe Donde Jude Njomo Mwai Kibaki
The Standard: Loans: Banks fail self-regulation test