The real problem with Kenya’s banking sector

Is Kenya’s banking sector facing imminent collapse? This is the question that millions of Kenyans have been grappling with in the wake of the closure of three banks in a row since July last year.

The answer to that question is an emphatic ‘No’. A close analysis of the entire banking landscape in Kenya reveals an overall rating for the industry of “Good”. This means that overall Kenya’s banking sector remains sound.