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Kenya's SMEs crippled by bad debt as State buys ‘air’

Central Bank of Kenya Governor Dr. Patrick Njoroge

Bad loans have doubled over the past three years as small businesses struggle to make payments when the Government is not settling their dues.

Central Bank of Kenya Governor Patrick Njoroge said non-performing loans (NPLs) have risen from 6.1 per cent of total loans in 2015 to a record high of 12.36 in April this year.

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