Kepsa urges banks to boost lending to local businesses

Members of the Kenya Private Sector Alliance (Kepsa) listen to speakers at Leisrure lodge hotel on November 29, 2015.

Photo credit: File | Nation Media Group

The Kenya Private Sector Alliance (Kepsa) has urged banks to improve lending to businesses amid struggles for work capital in a tough economy.

The lobby said thank banks should set aside about 15 percent of their loan book to support private businesses, up from the current average of one percent.

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