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Uhuru sides with banks, calls for removal of interest rate caps
By Kepha Muiruri,
2127, October 17, 2019 (EAT)
President Uhuru Kenyatta has declined to sign the Finance Bill, 2019 following the move by Members of Parliament to retain interest rate caps. In a...
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Banks profitability heading for the rocks, KBA warns
By Kepha Muiruri,
1029, August 27, 2019 (EAT)
Growth in earnings by commercial banks will soon grind to a halt under prevailing macro-economic conditions, the Kenya Bankers Association (KBA) has w...
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Banks ask parliament to revise interest rate capping law
By Kepha Muiruri,
1959, August 21, 2019 (EAT)
Commercial Banks now say if parliament will not repeal the interest rate capping law, it should at least widen the capping band to allow flow of credi...
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Equity Bank half year net profit hits Ksh.12 billion
By Kepha Muiruri,
2042, August 1, 2019 (EAT)
Equity Group has announced a nine percent increase in net profit for the first six months of 2019 to Ksh.12 billion. The lender’s notable surge i...
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How the rate cap sparked change to an ‘indisciplined’ financial sector
By Kepha Muiruri,
1649, June 22, 2019 (EAT)
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...
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Rotich to table Ksh.3T budget amidst discontent over Kenya’s growing debt
By Kepha Muiruri,
1438, June 13, 2019 (EAT)
Treasury CS Henry Rotich is expected to table the State’s Ksh.3.02trillion budget projections on Thursday afternoon. He will be bringing the gove...
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Digital lenders form self-regulating alliance amid public backlash
By Kepha Muiruri,
2029, June 6, 2019 (EAT)
Twelve of the estimated 500 digital lenders in Kenya have launched the Digital Lenders Association of Kenya (DLAK), a self-regulating alliance incorpo...
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CBK warns of impending disruption to mobile-money services
By Kepha Muiruri,
1423, May 30, 2019 (EAT)
Governor to the Central Bank of Kenya (CBK) Patrick Njoroge has warned of an impending disruption to mobile-money services, this as innovation in glob...
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CBK retains lending rate at 9 percent
By Kepha Muiruri,
953, May 28, 2019 (EAT)
Central Bank’s Monetary Policy Committee (MPC) has for the sixth time running kept the effecting lending rate at 9 percent signaling a wait-and-see ...
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5 banks roll out cheap SME loans at 9% rate
By Kepha Muiruri,
2055, May 20, 2019 (EAT)
Proprietors of small enterprises across the country can heave a sign of relief as five tier one lenders move to pilot lending on a Central Bank Rate, ...
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Blurred credit information a weakness to digital lending
By Kepha Muiruri,
1443, April 29, 2019 (EAT)
The employment of mobile applications in the issuance of credit in the country has grown from a relatively non-existent position to become central to ...
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Emgwen MP proposes cap to public debt at Ksh.6. trillion
By Kepha Muiruri,
1143, April 26, 2019 (EAT)
Emgwen Member of Parliament Alexander Kosgey has made his submission of the proposed raise to the public debt threshold to an absolute Ksh.6 trillion ...
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SME credit guarantee a piece of a larger jigsaw – Experts
By Kepha Muiruri,
1849, April 8, 2019 (EAT)
Stakeholders in the micro, small and medium enterprises (MSME) space have welcomed the establishment of a credit guarantee scheme by government termin...
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CBK in court to back removal of interest caps
By Kepha Muiruri,
2020, March 28, 2019 (EAT)
The Central Bank of Kenya (CBK) has filed a cross-petition in court to defend its stand for the total removal of interest caps by commercial banks. ...
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CBK keeps crucial lending rate unchanged at 9 percent
By Kepha Muiruri,
2007, March 27, 2019 (EAT)
The Central Bank of Kenya (CBK) has kept its key lending rate to banks at 9 percent unchanged since July 2018. CBK's Monetary Policy Committee (MPC...
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DTB’s full year profit grows to Ksh. 6.7 billion
By Kepha Muiruri,
2006, March 20, 2019 (EAT)
Diamond Trust Bank (DTB) has announced a 4 percent growth in profits after taxation for the period ending December 31, 2018 from the Ksh.6.4 billion r...
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France commits Ksh. 283B to East Africa SME financing
By Kepha Muiruri,
1737, March 14, 2019 (EAT)
PROPARCO -- a Development Financial Institution partly-owned by the French Development Agency and private shareholders -- has committed a total of K...
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Loan apps leave more-debt ridden Kenyans
By Kepha Muiruri,
1210, March 9, 2019 (EAT)
Digital disruption in finance has re-opened the Pandora’s Box allowing for the slow but sure resurgence of expensive loan culture in the Kenyan econ...
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Removal of interest caps an old conversation – Oigara
By Kepha Muiruri,
1925, March 6, 2019 (EAT)
Kenya Bankers Association (KBA) Chairman and KCB Chief Executive Officer Joshua Oigara has hinted at the sector’s acceptance of the prevailing inte...
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‘Shilling anchored on shaky ground,’ Parliamentary Budget Office says
By Kepha Muiruri,
1640, February 22, 2019 (EAT)
The Parliamentary Budget Office (PBO) has cast doubts into the stability of the Kenyan shilling, terming its current anchorage on diaspora remittances...
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