Kenyan Wall Street | by Jackson Okoth
Kenyan banks are expected to experience more losses in the coming year as customers struggle to service their loan facilities. Uncertainty posed by an upsurge in Covid-19 cases will continue to slow down the economy as jobs and incomes get eroded.
“Kenyan banks have seen a rise in provisioning over the last two quarters and have so far restructured around 47% of the industry’s loan book, worth KSh 1.38 Trillion, to cushion borrowers and shield their future profitability…
