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Nairobi; Kenya: Kenya is among 10 countries in Africa where lack of finances is the main barrier to financial prosperity.
The findings of a new report released yesterday by the Barclays Bank Africa indicates lack of finance is brought about by lack of jobs, low salaries for those in employment and lack of business opportunities.
The report states that lack of access to credit by entrepreneurs has been contributing to low creation of wealth, which subsequently has had negative impact on the economy, notably increased poverty and underdevelopment.
Speaking during the release of the results in Nairobi, Barclays Bank of Kenya’s Managing Director Jeremy Awori notes that 72 per cent of Kenyans fail to thrive due to lack of credit from the local financial avenues.
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