More than one third of the companies listed on the Nairobi Securities Exchange (NSE) have collectively shed Sh14.75 billion in provisional and final results so far announced in 2018, even as banks posted a total of Sh87.8 billion in profits, revealing the disconnect between the borrowing economy and the lending institutions.
The profit-shedding firms, spread across different sectors of the economy, have cited a challenging business environment and the persistent credit crunch that has sustained pressure on their ability to grow returns and avoid job cuts.
