Too close for comfort: Kenyan banks and their high State debt appetite

Kenyan banks collectively hold Sh2.2 trillion in government securities.

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There is a particular kind of relationship that financial analysts describe as "comfortable but concerning." Everything looks fine on the surface: no missed payments, no dramatic headlines. Yet underneath, structural imbalances are quietly accumulating.

Kenya's banking sector and its sovereign debt market have settled into exactly this arrangement, and the world's financial watchdogs are beginning to take notice.

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