Nairobi, Feb. 29 -- Three sectors accounted for 54 percent of net credit advanced by commercial banks to the private sector.

Data published by the Central Bank of Kenya shows that manufacturers were the biggest winners in the credit race last year, adding their loans by Sh110 billion.

Trade and finance sectors added their stock of loans by Sh77 billion and Sh71.1 billion last year, wrapping up the top three biggest sectors in new funding.

The preference for these sectors comes amidst mixed performance in economic output over the first three quarters of last year.

The manufacturing sector posted a dismal performance, expanding by a meagre two percent compared to three percent over the same period in 2022. Trade and finance grew by 4.9 ...