Business Daily | by Reuters
The Central Bank of Kenya (CBK) has said that March 2 marked the end of the period for allowing banks to restructure loans for borrowers hit by the Covid-19 pandemic.
Policymakers unveiled the initiative to help distressed borrowers in March last year at the onset of the coronavirus crisis, helping to partly cushion the economy reeling from the pandemic impact.
Economic growth slowed to 0.6 per cent last year, initial estimates show, well below the government’s earlier forecast of 6.2 per cent, as the pandemic hit tourism, suppressed…
