Joe Donde

Joe Donde

politician Kenya

Joe Donde is a former legislator in Kenya known for sponsoring the Donde Act, which aimed to regulate interest rates in the early 2000s. Although the Act was declared void due to legal complications, it highlighted the ongoing challenges of high lending rates in Kenya and set the stage for future legislative efforts to cap interest rates.

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Kenya Kenya: Most memorable perhaps was the Donde Act – more famous as the Donde Bill before it sailed through Parliament and was later signed into law – which was sponsored by former Gem legislator Joe Donde. 6

The Standard: Loans: Banks fail self-regulation test