Kenyan MPs will assert legislative independence

Significance

The bill received cross-party support in parliament, illustrating its independence from the executive, which opposes the bill. The relationship between the executive and legislative branches is complex, with constituents and the president vying for influence among lawmakers.

Impacts

• MPs will oscillate between independence and compliance over the next twelve months.
• By vetoing the banking legislation, Kenyatta risks opposing a popular measure with elections looming.
• Banks will compromise with the government and central bank on self-regulation to avoid legislated rates.