Polls choke credit growth to private sector in August

Central Bank of Kenya Governor Patrick Njoroge. PHOTO | SALATON NJAU | NMG

Growth in credit to the private sector slowed for the first time this year in August, reflecting a slowdown of business activity around the General Elections period.

The Central Bank of Kenya said on Tuesday that 12-month credit growth stood at 12.5 percent in August, retreating from a six-and-a-half year high of 14.2 percent that was seen in July.

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Note: The results are not exact but very close to the actual.