Top lenders smile to the bank with Sh141 billion profits

A mobile phone with loan application App. [Getty Images] 

While Kenya’s broader economy grapples with headwinds, the banking sector has emerged as a remarkable outlier, seemingly ‘smiling to the bank’ with a combined post-tax profit of Sh141 billion in the last financial year alone for some top lenders. 

This stark contrast to the prevailing corporate gloom across other sectors has prompted analysts to dissect the factors driving...