Commercial banks increased funding for the building and construction sector by a double-digit rate during the first quarter of the year, signalling a rise in new commercial and residential housing projects, and resumption of stalled works.
Credit to the sector grew by 14.35 percent to Sh153.8 billion in March, up from Sh134.5 billion last December, bucking a trend where fresh loans to the private sector in the review period contracted for second year running.
