Kenya Banking & Financial Services Q1 2019
The Kenyan banking and financial sector is relatively well developed by East African standards, and has considerableroom for long-term growth due to limited levels of penetration and rising incomes. However, the sector also faces challenges,particularly from tighter regulations such as the cap on lending rates imposed on banks since August 2016. Structurally, weakgovernance remains a problem in the banking sector, although consolidation and regulatory reforms are reducing the likelihood offurther bank closures. Meanwhile, the Kenyan economy remains vulnerable to volatility in external financial markets and rising risksto global trade, both of which could weigh on investment into the country in the coming quarters.
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