Manufacturing posts largest loans slump of Sh39 billion

Workers at an apparel factory in Nairobi Industrial Area on December 13, 2023.  

Photo credit: File | Nation Media Group

Kenya's manufacturing sector has taken the biggest hit from private sector credit slowdown occasioned by high commercial bank lending rates and rising non-performing loans.

Total credit to the sector fell by Sh38.8 billion to Sh597.9 billion in three months to the end of March from Sh636.7 billion in December 2023.

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