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Private sector lending to hit double digit this year

budget, treasury, public borrowing
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People Daily | by Lewis Njoka


Investment analysts are predicting that the private sector will gobble up more loans this year than they have done in any of the last five years.

In its 2021 economic outlook released yesterday, asset management firm, ICEA Lion said it expects lending by banks to pick up again this year, after a long period of muted credit growth.

“Private sector credit growth has been on single digit, but for the first time in five years we expect it to hit double digit in 2021…

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