Absa Kenya is working to enable small businesses meet their financial obligations as they toughen out the negative impact of the coronavirus outbreak. The bank is also working to pay all invoices of Sh1 million and below within seven days. "This should go a long way in helping these businesses maintain their cash flow and working capital," the lender said in a statement. Absa will also provide options for customers to either restructure their loans by reducing their monthly installments over a period of up to one year, or take a short-term repayment holiday. "We hope and trust that this will enable all affected customers to cope with any financial difficulties during this period," Absa said.

Source: The Star March 21, 2020 04:52 UTC