Interest capping hits role of banks as lenders to firms

Kenya Bankers Association officials Nuru Mugambi ( left ), Habil Olaka and Jared Osoro. PHOTO | SALATON NJAU | NMG

Global banking, both as a profession and as an ecosystem, changed materially post-2008 financial crisis leading up to the global economic travesty of 2009 and 2010.

However, given the transmission channels of the crisis to emerging markets, the effects on particularly sub-Saharan Africa (SSA) were largely muted, SSA chartered a path unfettered by the events of Wall Street on that fateful day of September 15, 2008 when Lehman Brothers filed for bankruptcy.

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