Farmers replace property developers as biggest loan defaulters in Covid-19 era
Summary
About 23.67 percent of outstanding Sh109 billion loans advanced to the sector were not being serviced as of the end of March compared to 16.03 percent a year earlier, making it the sector with the highest non-performing loans (NPL) ratio.
Agriculture’s NPL ratio marginally zoomed past building and construction (23.52 percent) and trade (19.14 percent) sectors, latest Central Bank of Kenya industry statistics shows.
Analysts attribute the elevated defaults on loan repayments in agriculture to depressed demand from sectors such as hospitality, which was hardest hit by the restrictions and shutdowns imposed to stem the spread of the pandemic.
Kenya
Kapchorua
Rift-valley
Limuru
Central
Raphael-agung
Kariuki-ngari
Samuel-tiriongo
Standard-chartered-bank-kenya
Kenya-national-bureau-of-statistics
Kenya-bankers-association
Central-bank
Employers say new tax measures will lead to job losses
Summary
Employers have faulted the recent taxation measures saying it will lead to job losses and impact negatively on businesses.
The Kenya Federation of Employers (FKE) says the new taxes will have farreaching negative effects on the cost of doing business, especially coming at a time when the country is battling with the effects of Covid-19.
The axes that took effect in July have made bank loans, Internet access and mobile phone calls costlier.
Friday July 23 2021
By GERALD ANDAE
Summary
Employers have faulted the recent taxation measures saying it will lead to job losses and impact negatively on businesses.
Nairobi
Nairobi-area
Kenya
Kenya-bankers-association
Kenya-federation-of-employers
Kenya-federation
President-habil-olaka
நைரோபி
நைரோபி-பரப்பளவு
கேந்ய
கேந்ய-வங்கியாளர்கள்-சங்கம்