This archive report was first published on 25 September 2019.
Published on September 25, 2019, a report by the Leasing Association of Kenya (LAK) revealed that the majority of service providers in the leasing sector are optimistic about growth in the coming year and in the long term.
According to the Business Confidence Survey, about 72% of respondents expected new business volumes to increase over the next six months, with respondents evenly split between those expecting a significant increase and those anticipating a slight one.
Half of those surveyed also expected margins in their organisations to increase over the next six months, while just over a third anticipated that margins would stay the same.
However, the leasing firms are also concerned about huge bad debts, with many of their clients experiencing a rough time. About a third are expected to fail to keep up with lease payments.
The leasing firms are pinning their hopes on mega projects under the Big Four agenda, which they believe will deepen leasing among State entities.
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