×
App Icon
The Standard e-Paper
Join Thousands of Readers
★★★★ - on Play Store
Download Now

Hoteliers unable to pay off bank loans over earnings dip, says CBK

Kenya: A drop in the number of tourists visiting Kenya has taken its toll on hoteliers’ ability to service bank loans, the central bank has reported.

Further, according to a survey of commercial banks carried out by CBK, many more hospitality facilities are projected to default on loan repayments.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in