Credit in Kenya: The billions minting quagmire as citizen continue to wallow in poverty

Nairobi, Kenya: The World Bank’s 2016 Doing Business Report is out. Kenya moved 21 positions to position 108, in part because “…the getting-credit indicator improved upwards as a result of the introduction of Credit Reference Bureaus, allowing financial institutions to assess the credit-worthiness of firms and individuals”. Let us allow this to sink in.