Access to credit has improved in Kenya
03 May 2013, 09:20
Nairobi - Daily Nation reports a new World Bank report shows that Kenya’s financial sector offers the easiest access to loans in the region underpinning the country’s ambition to establish its footprint as the financial hub in the East African Community.
Dubbed Doing Business in the East African Community 2013, the study places Kenya at the 12th position among the countries offering the easiest access to credit services worldwide, ahead of EAC’s other four member states.
The report attributes the improved access to credit in the country to the Banking (Credit Reference Bureau) Regulations 2008 passed in February 2009.
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