Why heavy Government borrowing is choking economy

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. 

But it is not just banks that have been falling over themselves to lend to Government. Pension schemes, insurance companies, and even large depositors have been moving their money to Government coffers with unmatched ferocity.