Kenya: Earnings Scorecard - 2010 Turns Into a Boom Year for Local Banks

Nairobi — The banking sector in Kenya is enjoying an exceptional year of profitability as results released so far indicate. But the results are not commensurate with economic growth.

The Deputy Prime Minister and Minister for Finance Uhuru Kenyatta has expressed what he described as government concerns about this disconnect saying it is not in tune with availability of affordable credit especially to the Small and Medium Scale Enterprises and the farming community.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.