Kenya's Microfinance Sector Loss Widens to U.S.$7.33 Million

Kenya's micro-finance banking sector loss hit $7.31 million for the period ended December 2017, from a loss of $3.77 million over a similar period in 2016, largely attributed to reduction in financial income.

Consequently, the country's banking regulator has proposed amendments to the law to ensure stricter controls in order to protect customers and the banking sector.

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