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Nairobi; Kenya: Kenyans are yet to reap the benefits of affordable interest charges despite the Government’s spirited efforts to have commercial banks lower the cost of borrowing.
The latest survey by the Central Bank of Kenya (CBK) shows the prevailing high interest-rate environment has pushed up the level of non-performing loans (NPLs) in the banking industry to new highs with six (6) out of 10 sectors facing difficulties in loan repayments.
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