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Anxiety for Kenya bank workers as 1,000 lose jobs in three months
From left, Equity Bank CEO James Mwangi, Standard Chartered Bank Kenya chief executive Lamin Manjang and Co-operative Bank of Kenya group managing director Gideon Muriuki. PHOTOS | FILE
Kenya’s banking sector is grappling with a painful wave of mass retrenchment of workers, with 1,000 having lost their jobs in three months.
The retrenchment, which is attributed to the September cap in cost of loans chargeable on borrowers, exceeds the 711 bank employees who lost their jobs in the whole of last year.
