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State crowds out households and firms from credit market

The National Treasury building. [Elvis Ogina, Standard]

The government seems to have pushed the private sector from the domestic credit market in the nine months to January this year. 

Analysis of data from Central Bank of Kenya (CBK) shows that banks moved close to Sh526 billion to the National Treasury’s coffers while the private sector only received Sh232 billion. 

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CBK Credit Market