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The Standard Group Plc is a
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More Kenyans are being locked out of homeownership as their incomes shrink despite data from banks showing an increase in mortgage loans issued last year.
Unlike in 2021 when the impact of the Covid-19 pandemic was identified as the biggest obstacle to the uptake of residential mortgages in the country, shrinking income levels are now the leading cause of stagnation on this front, according to new data by the Central Bank of Kenya (CBK).
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