Banks fear more than half of borrowers will default on loans

[Kadudu]

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Things look very bad and even worse than I thought. KK regime should concentrate on getting the economy under its feet instead on embearking on new projects like reconstituiting the current NHIF. The economy should be first priority and not new adventures. The new reforms would mean nothing if the economy remains battered.

The projected rise in loan defaults to 54 per cent of borrowers is on the back of the worsening economic conditions in the country and the 39 banks fear this would add stress to their overall asset quality.

https://www.standardmedia.co.ke/business/financial-standard/article/2001480788/banks-fear-more-than-half-of-borrowers-will-default-on-loans

[patel]

Uhuru left a shell . It's going to take a miracle to dig this country out of this mess. Ndii is trying but I don't think his economic theories are sufficient. They have to look west, east and Russia to move this economy. This month Eurobond is due....hapa ni machozi tuu for now.

[audacityofhope]

Uhuru left a shell . It's going to take a miracle to dig this country out of this mess. Ndii is trying but I don't think his economic theories are sufficient. They have to look west, east and Russia to move this economy. This month Eurobond is due....hapa ni machozi tuu for now.

If Uhuru left a shell then where did this 50 Billion the president is talking about today, magically appeared from? Ama this is a Ndii economic miracle of this past year?

William Ruto has said that he has 50 billion idle and encourages governors to spend the money pic.twitter.com/GbC8vmyTpe

— Allan Obare (@AllanObare4) September 5, 2023

?s=20

[patel]

50 birrion that's a little  less than 1K per kenyan...compare that to Eurobond due $2 billion that's like 300 birrion..boss ni kubaya

Uhuru left a shell . It's going to take a miracle to dig this country out of this mess. Ndii is trying but I don't think his economic theories are sufficient. They have to look west, east and Russia to move this economy. This month Eurobond is due....hapa ni machozi tuu for now.

If Uhuru left a shell then where did this 50 Billion the president is talking about today, magically appeared from? Ama this is a Ndii economic miracle of this past year?

William Ruto has said that he has 50 billion idle and encourages governors to spend the money pic.twitter.com/GbC8vmyTpe

— Allan Obare (@AllanObare4) September 5, 2023

?s=20

[gout]

Governors have gone quiet. They were always having press conferences crying delays.

Seems the delays were perfect corruption conduit as bank accounts would be swept clean in minutes.

Bank loans with inflated interest for kickbacks are over.

It is crazy for a couties with no medicine to be having so called idle cash due to accounting inefficiencies.