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Financial sector’s performance dips on reduced lending

Treasury CS Henry Rotich addressing National Assembly Education Committee at Continental House, Nairobi. [Boniface Okendo/Standard]

The financial sector posted the slowest growth in a decade as the economy was starved of credit in reaction to interest capping laws.

According to the 2018 Economic Survey, the sector’s growth 'decelerated significantly' to 3.1 per cent in 2017 from 6.7 per cent recorded the previous year.

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