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High loan rates to shrink economy in 2024 – KCB

lender says access to credit by small traders might prove challenging

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by The Star

Kenya04 January 2024 - 11:57
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KCB bank customers queuing for cash at bank in Mombasa. Photo/File

Kenya should brace for a further shrinking of the actual economy (production of goods and services) as the cost of borrowing rises, the high tax regime and the weakening shilling. 

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