Kenya's financial sector’s profitability remains subdued in an environment of faltering economic growth and low interest rates. FOTOSEARCH
Kenya’s weaker-than-expected economic growth, election fears and interest rate controls have started impacting corporate earnings, with some listed financial service providers recording declines in earnings per share, effectively eroding dividends to shareholders.
The Nairobi Securities Exchange-listed companies have started releasing their financial performance figures for the year 2016, which saw banking stocks suffer their worst fall in years after the government imposed controls on lending and deposit rates.
