Nairobi writer on Banking, Finance, Technology, and Investments
Wednesday, February 02, 2005
Banks: bad for your company's health
According to Jaindi Kisero, the Nation business editor, many local companies are doomed to fail if they continue using overdrafts and short-term borrowing for their long term plans (as the the Hillcrest schools apparently did). It is a result of the failure of Kenyans to develop appropriate sources of capital for growth such as long-term loans or taking in new shareholders.