Cash outside banks drop Sh8.4 billion on lower spending
The amount of cash circulating outside banks fell by Sh8.4 billion in January, reflecting reduced spending activity among Kenyans after the spike during the December festivities.
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The amount of cash circulating outside banks fell by Sh8.4 billion in January, reflecting reduced spending activity among Kenyans after the spike during the December festivities.
Car, homeowners and players in the energy sector had the worst loans default last year, defying a recovering economy that expanded at the fastest pace in more than three decades.
The number of dormant mobile money accounts increased by 926,000 last year driven by defaults on digital loans that pushed subscribers to deactivate their SIM cards.
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