Rigid financial rules can stifle innovation

  By gatuyu t.j The microfinance banks in Kenya are not doing well. A report by the Central Bank of Kenya (CBK) reveals their gradual decline in profits from Sh549 million in 2015 to a loss of Sh731 million in 2017. The CBK, in a consultative note, has formulated regulatory proposals to redeem the sector. … Continue reading Rigid financial rules can stifle innovation