The cost of loans to big companies in Kenya rose fastest compared to small enterprises, households and individuals in the one year to September due to an unfavourable business environment that has been seen to hurt the risk profile of businesses.
Updated data published by the Central Bank of Kenya (CBK) has revealed that corporates were charged an average base rate of 14.35 percent for credit in September this year, a 2.12 percentage point rise from the 12.23 percent charged in September last year.
