Africa News: Kenya's Biggest Bank Braces for More Bad Loans

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Kenya’s biggest bank by market value boosted provisions for loan losses more than sevenfold in the first quarter as the coronavirus struck East Africa’s largest economy.

Equity Group Holdings increased provisions to 3.12 billion shillings ($29 million) compared with 410 million shillings a year earlier, while the board decided to withdraw its 2019 dividend to conserve cash during the pandemic, the Nairobi-based lender said in a statement on…

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A free-thinking individual who strives to maintain psychological balance between the two polar aspects of Human Nature; Desire and Conscience. However, These conditions can never be balanced because inertia will carry us to extremes. Balance is a constant struggle therefore I live by the principles of the HERU Interface