Banks promise not to take advantage of interest cap removal

By Kepha Muiruri,

Banks have vowed not to go back to the exorbitant interest rates they were charging before the introduction of the rate caps which was removed on Tues...

CBK , interest rate caps , KBA

MPs leave Kenyans at the mercy of banks as rate caps fall

By Kepha Muiruri,

Members of Parliament (MPs) have left Kenyans at the mercy of banks on the rate charged on new loans as the interest rate caps fall. In a chaotic v...

MPs take hard line stand as interest rate capping debate returns

By Kepha Muiruri,

Members of Parliament have turned a deaf ear to the proposed repeal of interest rate caps on commercial bank lending. While banks have recently joi...

interest rate caps , KBA , private sector credit

How the rate cap sparked change to an ‘indisciplined’ financial sector

By Kepha Muiruri,

The interest rate cap has brought a substantial level of positive change to the financial sector this in spite of its well documented regressive effec...

Central Bank of Kenya , interest rate cap law , Jude Njomo , Kenya Bankers Association , National Treasury

Treasury on the spot as Kenya’s debt dominates talks at National Assembly retreat

By Citizen Reporter,

Matters Kenya's Debt Management and Pending Bills dominated the second day of the National Assembly Leadership Retreat, with MPs calling on the Nation...

National Assembly retreat

Legislators unstirred by rate-cap ruling

By Kepha Muiruri,

Legislators have vowed to ensure the continued hold of interest earnings from commercial banks’ lending, playing down a hint at a return to expensiv...

COFEK , Habil Olaka , interest rate cap law , Jude Njomo , Kenya Bankers Association

MP Njomo says “pretty sure” move to repeal rate cap will be defeated

By Reuters,

The Kenyan lawmaker who proposed the cap on commercial banks’ lending rates says he is “pretty sure” last week’s move by the finance minister ...

banking , banking act , credit , economic growth , Henry Rotich , interest rate cap , Jude Njomo , loans , private sector , repeal , Treasury

Lusaka urges leaders to stop referendum debate

By Lawrence Baraza,

Senate Speaker Kenneth Lusaka has urged the country and leaders to remain focused on the Big Four Agenda. Speaking when he joined Christian faithfu...

Big four agenda , kenneth lusaka , Referendum

Treasury avoids dealing with rate cap in draft law

By Reuters,

A promised move to repeal Kenya's cap on commercial lending rates does not appear in a draft bill on financial markets that was published late on Wedn...

balance of payment support , Central Bank , Financial Markets Conduct Authority , Henry Rotich , IMF , interest rate cap , Jude Njomo , law makers , parliament , Treasury , Uhuru kenyatta

Market Observers call for alternative funding options for Kenyans

By Dennis Otieno,

The country should keenly focus on growing alternative sources of funding even as the push to repeal a law capping interest rates gains momentum. A...

banking , Central Bank of Kenya , credit management bill , Cytonn Investment , funding options , interest rate cap , Jude Njomo , Maurice Oduor , Mps

Uhuru takes Raila to Supreme Court over election

By Benjamin Muriuki,

With only six days to the repeat election, the Jubilee Party has moved to the Supreme Court seeking orders to cite NASA Presidential candidate Raila O...

Jubilee files petition against Raila at Supreme Court , October 26 , raila odinga

Jubilee MP wants court to compel IEBC to hold election

By Dzuya Walter,

Kiambu Town Member of Parliament Jude Njomo has filed a case seeking to compel the electoral commission to hold the fresh presidential election as ord...

Jude Njomo , Jude Njomo files petition , October 26 repeat election , Petition to compel IEBC hold election on October 26

Standard Chartered Kenya says time right to review impact of rate cap

By Reuters,

Kenyan authorities should take a closer look at the impact of a cap on lending rates imposed a year ago, to determine if its intended purposes are bei...

banking , banking act , borrowers locked out , IFRS 9 , interest rate cap , Jude Njomo , Lamin Manjang , Standard Chartered bank

MPs warn Joho against insulting President

By Gikunga Kariuki,

Members of Parliament representing different counties have asked Mombasa Governor, Ali Hassan Joho, to desist from hauling insults at President Uhuru ...

2017 general election , Hassan Joho , Jude Njomo (Kiambu Town) , Kigo Njenga (Gatundu North) , Mutava Musyimi (Siakago) and Richard Ton’go , political clash , President Uhuru Kenyatta , thika mp alice nganga

Wabunge watiwa wasiwasi na idadi ndogo ya usajili

By Citizen Reporter,

Wabunge sasa wanaitaka serikali kubuni mbinu mpya kuhakikisha kuwa tume ya uchaguzi nchini iebc imewaandikisha wapiga wote ambao bado hawajasajiliwa. ...

MPs raise concern over low turnout in ongoing voter registration

By Stephen Letoo,

Members of Parliament on Wednesday raised concern over the low turnout in the ongoing voter registration drive. The lawmakers debated a motion on m...

CORD Leader Raila Odinga , denied public transport , even conjugal rights. , Kiambu MP Jude Njomo , low turnout , Medical Services , medical services a even conjugal rights. , Mps , President Uhuru Kenyatta , raise concern , Voter Registration

Jubilee leaders urge supporters to register as voters, shun mass action

By Wanja Mbugua,

  A section of Jubilee leaders has warned the party’s supporters against taking part in mass action over the election amendment laws and ins...

2007/08 Post Election Violence , Coalition for Reforms and Democracy (CORD) , Gatundu South MP Charles Regeru Kuria , Jubilee Party , Kiambu women Rep Annah Nyokabi , Kikuyu MP Kimani Ichungwa , raila odinga

Will law capping interest rates really protect the borrower?

By Wangui Ngechu,

In March 2016, Parliamentarians embarked on an a rather imperative plan to cap the skyrocketing interest rates on loans through what came to be the fa...

Banking (Amendment) Bill 2015 , borrower? , capping , CBK , Federation of Kenya Employers , FKE , Habil Olaka , Interest Rates , Law , President Uhuru Kenyatta , really protect , the Chief Executive Officer Kenya Bankers Association , wangui Ngechu

CBK yet to give guidelines on new rate cap law

By Citizen,

The Central Bank of Kenya (CBK) has maintained that the new law capping interest rates may not be the best way to bring down the cost of credit. Th...

capping interest rates , CBK , Central Bank of Kenya , Citizen Business Centre , interest rate controls , Jude Njomo , Sheila M'Mbijjiwe

Big banks yet to lower interest rates

By Beatrice Eghwa,

Large commercial banks are yet to lower their interest rates even after six mid-tier lenders yield to public pressure to lower the current lending rat...

banks , CBK , HFC , Interest Rates , Jude Njmo , kbrr , Stanbic Bank