—Kenya's economy should grow an improved 6.3% in 2019, President Uhuru Kenyatta said on Thursday, citing a better business environment and his government's push to boost manufacturing, food production and access to housing."We expect an even stronger growth … reflecting continued improvement in the business environment, momentum associated with execution of the Big Four Agenda, and sustained macroeconomic stability," he told parliament.
"We will be launching an SME credit guarantee scheme in a few weeks, aimed at deepening their access to credit without being subjected to complex application procedures and collateral requirements," Kenyatta said. At the time, legislators said they were concerned about high interest rates. But the cap led to a private credit squeeze, as banks said it forced them to cut back on high-risk loans.With many Kenyans fed up with government corruption draining state coffers and distorting business and politics, Kenyatta reiterated a pledge to tackle graft.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kenya not running after IMF for loanCountry is not on the ropes, says central bank governor, while domestic economy grows amid worsening global conditions
Source: BDliveSA - 🏆 12. / 63 Read more »
Kenya not running after IMF for loanCountry is not on the ropes, says central bank governor, while domestic economy grows amid worsening global conditions
Source: BDliveSA - 🏆 12. / 63 Read more »