Kenya: David Ndii Raises Questions Over Loan Pricing to Kenyans

Chairperson of the Presidential Economic Advisor David Ndii has raised questions over the loan pricing in the country affecting the economy.

Ndii’s concerns come days after the Central Bank of Kenya (CBK) cut the lending rate basis point by 50 points amid the push and pull to provide cheaper loans to Kenyans.

According to Ndii, most of Kenya’s banks use risk-based lending, and while bankers argue this approach helps banks set loan rates based on individual risk profiles, improving pricing…