Bankiing

NAIROBI, Kenya, Capital Markets in Africa: Kenya’s central bank said that it should have stepped in sooner to halt the collapse of three lenders in the past nine months and that a culture of leniency by the regulator contributed to a build-up of misconduct in the industry. “The watchdog should have barked sooner and louder,” Njoroge told lawmakers in Nairobi, the Kenyan capital. “We have been asleep at the switches in terms of us failing to…