Why county banks are a bad idea

A section of governors from lake region during their first summit of the lake region economic bloc held in Kakamega town late last month. They have signed an agreement that will see each county from the bloc contribute 200m to a new investment bank. [Chrispen Sechere, Standard]

The decision by some counties to form their own commercial bank needs to be reviewed.

Kenya is overbanked and additional lenders might not help our economy very much.