Rispah Simiyu appointed new KRA Commissioner for domestic taxes

By Citizen Reporter,

The Kenya Revenue Authority (KRA) has appointed Rispah Simiyu as the new Commissioner for Domestic Taxes. Mrs Simiyu is currently serving as the KR...

KRA , Rispah Simiyu

Kenya Bankers Association, Huawei ink partnership to promote tech-driven financial inclusion

By Citizen Reporter,

The Kenya Bankers Association has signed a collaboration agreement with tech-firm Huawei Kenya that seeks to deepen financial inclusion in the financi...

Huawei

e-conference for leading women in banking, finance to promote gender diversity in leadership

By Rachel Ombaka,

The Kenya Bankers Association (KBA) is set to convene the Africa Regional e-Conference for Leading Women in Banking and Finance from 15-16, October, 2...

andia chakava , Graca Machel Trust , Kenya Bankers Association , New Faces New Voices

House prices sink further as demand dries up

By Kepha Muiruri,

House prices have remained in negative territory going into the second half of the year from subdued investments in real estate and an accompanying lo...

house prices

Bank relief on loan repayment rises as credit restructures hit Ksh.680 billion

By Kepha Muiruri,

The relief by commercial banks on loan repayments to customers has risen significantly as loan restructures hit Ksh.679.6 billion. The new figure r...

Central Bank of Kenya (CBK) , Kenya Bankers Association (KBA) , loan relief

CBK urged to relax rules to banks on loan defaults

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has been urged to relax loan-loss provisioning rules to commercial banks as loan defaults pick up. Analysts at Cyto...

Central Bank of Kenya (CBK) , Cytonn Investment , Dr. Patrick Njoroge

Banks extend cushioning to customers as loan restructures hit Ksh.360 billion

By Kepha Muiruri,

Commercial bank loan restructures to cushion borrowers against the Covid-19 pandemic have increased to top Ksh.360 billion. In his maiden budget st...

Central Bank of Kenya (CBK) , Covid-19 pandemic , non-performing loans

Falling home prices increase property sales

By Kepha Muiruri,

Contracting house prices have yielded increased sales for property realtors as the falling prices equal up to potential buyer costs. Data from the ...

Kenya Bankers Association Housing Price Index , real estate in Kenya

Commercial banks stock of bad loans rise to a 13.1 percent high

By Kepha Muiruri,

The quality of assets inside Kenyan banks has continued to deteriorate this year with the stock of bad loans held surging to 13.1 percent in April. ...

Central Bank of Kenya (CBK) , Kenya Bankers Association (KBA) , non-performing loans

Coronavirus pandemic deepens Kenya’s debt wound

By Kepha Muiruri,

The Covid-19 pandemic has added salt to Kenya’s long existing debt wound pushing the country closer to the edge of the cliff. This is as the glob...

coronavirus , debt , Ukur Yatani

Kenyan banks forecast drop in new loans as Covid-19 pandemic impacts sector

By Kepha Muiruri,

Local banks expect new loan accounts to shrink significantly in 2020 as the industry prices in the impact of the Covid-19 pandemic. According to a ...

coronavirus , COVID-19 , KBA

CBK sanctions Absa Bank for irregular forex trading

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has flagged Absa Bank Kenya for irregular foreign exchange trades conducted in March. According to the reserve bank...

Forget economic growth, focus is on survival – Kenya Bankers Association

By Kepha Muiruri,

Bankers through their representation in the Kenya Bankers Association (KBA) have called for the trading of discussion on growth with survival as the C...

coronavirus crisis , economic growth in Kenya

Banks to extend loan repayments by one year as coronavirus effects hit economy

By Kepha Muiruri,

Commercial banks have agreed to extend repayment of personal loans by a period of up to 12 months in a measure to cushion the economy from feeling the...

Central Bank of Kenya , coronavirus , governor patrick njoroge , Joshua Oigara

Banks fall short of transparency test by Kenyans, study reveals

By Kepha Muiruri,

Local banks have fallen short of the transparency test by customers on the pricing and documentation of products and services, a new survey shows. ...

bankers , CBK , Habil Olaka

Barbados PM Mia Mottley lauds M-Pesa as noble innovation

By Duncan Mutwiri,

Barabados Prime Minister Mia Mottley has lauded Safaricom's M-Pesa as a noble innovation. Speaking at the Micheal Joseph Center in Nairobi on Wedne...

Barbados PM , Mottley , Safaricom

CBK assures affordable loans but won’t shepherd banks on rates

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has assured Kenyans to the retention of affordable loans in the post rate cap environment in its attempt to demystify ...

CBK , Interest Rates , Kenya Bankers Association (KBA)

CBK boss warns banks against taking advantage of Kenyans

By Kepha Muiruri,

Central Bank of Kenya (CBK) Governor Patrick Njoroge has cautioned banks against side-lining borrowers in the aftermath of the interest rate caps repe...

CBK , KBA

‘Greedy’ lenders to blame for feared hike on bank loan rates

By Kepha Muiruri,

The interest rate charged on your new loan is inevitably set to rise in the aftermath of the interest rate cap repeal in spite of assurances from the ...

CBK , Finance Act , interest rate caps , KBA , Treasury

Kenya bankers welcome Uhuru repeal on interest rate cap

By Paul Ombati,

Kenya Bankers Association chairperson Joshua Oigara has welcomed the repeal of the interest rate cap which President Uhuru Kenyatta assented to His...

bankers association , oigara