How the squeeze on two fronts is hurting Kenya’s credit market
17 days ago, 19:08
The Kenyan banking industry is caught up in a pincer movement. Conditions for lending are tighter than they were, slowing lending growth rates to two per cent currently, from 20 per cent in April 2015. And industry profits are declining. The result, for many businesses that rely on bank credit, has been the absence of critical finance during an extended hold on new business and slowed payments throughout the country’s prolonged election period. The Supreme Court nullified the outcome of the Augu ...
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