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.

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