Just how do Kenyan banks make all those billions?
The World Bank’s 2016 ‘Doing Business Report’ is out. Kenya moved 21 positions to position 108, in part because “the getting-credit indicator improved upwards as a result of the introduction of Credit Reference Bureaus, allowing financial institutions to assess the credit-worthiness of firms and individuals”. Let us allow this to sink in.
By Morrison A Muleri
10 years ago