Business Daily | by Otiato Guguyu
Banks risk losing up to Sh100 billion loaned to parastatals, the Central Bank of Kenya (CBK) has warned, citing deepening cash-crunch among the State agencies due to slowdown in economic activity, competition from cheaper imports and bad governance.
A total of 35 banks issued loans to State-owned enterprises (SOEs) in December 2019 – comprising some of the largest single borrower exposures, with those in the energy sector accounting for the biggest share…
