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High lending rates to dampen growth in credit to private sector

This is despite an expected rise in demand for short-term borrowing. ....

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Kenyan businesses optimistic of economic rebound in 2021: survey

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Kenyan businesses optimistic of economic rebound in 2021: survey
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Kenyans are seen in a queue for COVID-19 vaccination at Mbagathi County Hospital in Nairobi, capital of Kenya, March 23, 2021. (Xinhua/Fred Mutune)
Kenyan businesses are optimistic that the country s economy will rebound in 2021 as the east African nation steps up COVID-19 vaccination, a central bank survey says.
NAIROBI, April 8 (Xinhua) Kenyan businesses are optimistic that the country s economy will rebound in 2021 as the east African nation steps up COVID-19 vaccination, the Central Bank of Kenya (CBK) said in a new survey released on Tuesday evening. ....

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Kenyan businesses optimistic of economic rebound in 2021: survey - World News

2021-04-07 10:31:36 GMT2021-04-07 18:31:36(Beijing Time) Xinhua English
NAIROBI, April 7 (Xinhua) Kenyan businesses are optimistic that the country s economy will rebound in 2021 as the east African nation steps up COVID-19 vaccination, the Central Bank of Kenya (CBK) said in a new survey released on Tuesday evening.
The apex bank said it surveyed banks and other private sector firms, of which 83 percent of respondents showed optimism.
Their optimism in the survey is attributed to the vaccine rollout, which they expected would help manage the COVID-19 situation in the country, allow easing of travel restrictions, boost confidence and result in a rebound in the local and global economy, said the CBK in the Market Perceptions Survey for March. ....

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