According to National treasury adviser ,the growth is expected to improve throughout the year.

 (CBK)Deputy Governor  has reiterated the importance of having a stable and inclusive financial sector for economic development of a country.

She added that there is a need to have sound financial systems that build and connect savings to investments, as it will create opportunities for scaling up financial inclusion through ease of credit access and resolution of debt.

“To achieve transformation and economic growth, there is a need to have sound financial systems that build and connect savings to investments. This will create opportunities for scaling up financial inclusion through ease of credit access and resolution of debt,”

She highlighted the role of credit in development locally and even at a continental level cannot be overemphasized,

CBK deputy governor stated the repeal of the rate cap, will help to improve scoring access of credit especially for the Micro, Small and Medium Enterprise (MSME).

 “After the repeal of the rate cap, we are happy to assess how we can use scoring to improve access of credit especially to the MSME sector,”

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