East Africa: East Africa – a Region in Debt As Top Banks Record $125m in Bad Loans

November 29, 2021 | News Source: AllAfrica News: Economy, Business and Finance
[Citizen] East Africa's top retail banks booked more than $125 million of bad loans in the nine months to September this year, as borrowers struggled to repay their loans following the expiry of a 12-month loan repayment relief programme for customers adversely impacted by the Covid-19 pandemic.

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