Domestic borrowing: State tightens chokehold on firms

Treasury CS Njuguna Ndungu during the Budget Highlights for FY 23/24 at the Parliament on June 15, 2023. [Elvis Ogina, Standard]

A National Assembly's watchdog committee has raised eyebrows over the State's appetite for domestic debt amid the slowing growth of credit to the market.

Analysis of Bank Supervision Annual Reports from the Central Bank of Kenya (CBK) shows a drop in the growth of new loan accounts.