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Job losses loom as high loan costs choke businesses

CBK recently raised the base lending rate by 50 basis points to 13%

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by The Star

Kenya15 February 2024 - 17:23
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Central Bank of Kenya headquarters building along Haile Selassie avenue in Nairobi.

Employers and traders have been boxed into a corner by costly loans and mounting operational expenses and to keep afloat they have resorted to various cost-cutting measures among them job cuts.

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