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Uncertainty undermines Kenya’s foreign lending
Given the uncertainty, there’s also the risk that enforcement proceedings by an unlicensed foreign lender in Kenyan courts may suffer the same fate as the plaintiff in the Rabo Case.
Foreign lending plays a significant role as a source of foreign direct investments (FDI) in Kenya.
A substantial portion of this funding originates from funds domiciled in other jurisdictions such as the Americas, the Middle and Far East, the United Kingdom and the European Union.
