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Central Bank of Kenya Governor Patrick Njoroge has asked lenders to shore up their core capital to enable them grab a share of the lucrative infrastructure financing business.
Boosting the respective capital bases would increase the lenders’ ability to stave off competition from foreign finance providers. “Given the considerable financial outlays involved in infrastructure projects, commercial banks would need to enhance their capital base to participate in Public Private Partnerships while remaining compliant with regulatory requirements,” Dr Njoroge said.
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