Kenya non-performing loans hit 13-year high due to COVID-19

The ratio of non-performing loans in Kenya have hit a 13-year high due to the shocks caused by the covid-19 pandemic. Central Bank data indicate that bad loans increased to 13.1 per cent, the highest since 2007 when they stood at 14.1 per cent. CNBC Africa spoke to Ken Gichinga, Chief Economist at Mentoria Economics for more.

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