Growth in credit to the private sector slowed for the first time this year in August, reflecting a slowdown of business activity around the General Elections period. The Central Bank of Kenya said on Tuesday that 12-month credit growth stood at 12.5 percent in August, retreating from a six-and-a-half year high of 14.2 percent that was seen in July. By July, the disbursement of loans to the private sector had been growing for eight consecutive months, backing the continued recovery of the economy and business confidence following the Covid-19 pandemic. Business activity however slowed down last…