Government blamed for rise in bad loans as it holds supplier cash

Central Bank of Kenya Governor Dr. Patrick Njoroge addressing the press on the economic situation in the country, at the CBK Headquarters. ON 18/09/2017 (Jenipher Wachie)

The Government has been named as one of the debtors holding on to suppliers’ money, leading to increased non-performing loans for banks.

Central Bank of Kenya (CBK) Governor Patrick Njoroge said on Tuesday that the private sector was experiencing serious cash flow problems due to delayed payments from both the national and county governments.