Kenya's Credit Market Set to Slow Down as Effects of COVID-19 Pandemic Take Hold - Report

Nairobi — Kenya's credit market will come under severe pressure as the COVID-19 pandemic impacts the Kenyan economy, with Gross Domestic Product expected to slow to between 4.5-5.5percent, down from the previously forecasted 5.9percent, a new report reveals.

The study conducted by American consumer credit reporting agency TransUnion reveals that individuals and businesses are failing to meet their credit obligations which could lead to increase in non-performing loans.

...

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.