January 14, 2020 / 8:06 AM / a month ago

Kenya's president urges the central bank to prevent predatory lending

Kenya's President Uhuru Kenyatta addresses the Nation from State House in Nairobi, Kenya September 14, 2018. Presidential Press Service/Handout via REUTERS

NAIROBI (Reuters) - Kenya’s president Uhuru Kenyatta urged the central bank on Tuesday to use all its tools to prevent predatory lending and to boost affordable credit especially to small and medium enterprises.

“This sector is indeed the lifeblood of our economy,” he said in a televised address.

Reporting by Duncan Miriri and Omar Mohammed; Editing by Andrew Heavens

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