×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

Why heavy Government borrowing is choking economy

President Uhuru Kenyatta with his China counterpart Xi Jinping in Beijing on September 3, 2018. [Photo, File]

For every Sh3 that banks advanced as loans, Sh1 went to the Government while the remaining Sh2 were shared among manufacturers, real estate developers, farmers, mining companies, transporters and the 8.7 million private households in Kenya. 

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in