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Database reveals secrets of China’s loans to developing nations, says study
By Reuters,
1634, March 31, 2021 (EAT)
The terms of China’s loan deals with developing countries are unusually secretive and require borrowers to prioritise repayment of Chinese state-own...
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Kenya among world’s notorious money laundering havens: report
By Tonny Ndungu,
922, March 10, 2021 (EAT)
Kenya has been ranked among several countries including Morrocco, Nigeria, Ghana and Benin where money laundering, terror financing and finance fraud ...
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Equity BCDC unveils new identity in DRC
By Citizen Reporter,
1206, February 12, 2021 (EAT)
Equity Banque Commercial du Congo (Equity BCDC) has launched its new identity following the successful merger of Equity Bank Congo (EBC) and Banque Co...
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2020 review: Millions mark end of the year in economic despair
By Kepha Muiruri,
913, December 31, 2020 (EAT)
Like any other year, the start of 2020 was premised on high hopes for better fortunes and tidings by Kenyans with many coining the unofficial phrase ...
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Zenka named most outstanding mobile loans app of the year
By Citizen Reporter,
1603, December 23, 2020 (EAT)
Digital lender Zenka Finance Limited has been named the most outstanding mobile loans app of the year 2020 in the Pacesetter Award Kenya (PSA). PS...
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Why the CBK isn’t losing any sleep over banks sinking profitability
By Kepha Muiruri,
1143, November 21, 2020 (EAT)
Banks earnings continue to take a beating from economic disruptions occasioned by the COVID-19 pandemic. This however is merely a secondary concern fo...
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Access Bank unveils Kenyan operations after Transnational takeover
By Kepha Muiruri,
1624, November 9, 2020 (EAT)
Africa’s largest retail lender Access Bank has unveiled local operations in the country following its acquisition of Transnational Bank at the end o...
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Toyota bets on start-up Tugende’s small loans to boost Africa business
By Reuters,
836, October 20, 2020 (EAT)
The trading arm of the Toyota Group has invested $4 million in Ugandan start-up Tugende, saying it hopes the firm’s loans to small, independent busi...
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Treasury raises Ksh.60 billion from October’s bond sale as investors troop back
By Kepha Muiruri,
1038, October 15, 2020 (EAT)
The National Treasury raised a total of Ksh.60 billion from October’s bond sale, representing another easy scoop of funds from the local debt market...
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CBK holds the benchmark lending rate at 7%
By Kepha Muiruri,
1013, September 30, 2020 (EAT)
The Central Bank of Kenya (CBK) has left the benchmark lending rate at seven percent for the fourth consecutive time noting its recent accommodative s...
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Equity Group half-year profit falls by 24pc from higher costs to cover loan defaults
By Citizen Reporter,
1037, August 18, 2020 (EAT)
Equity Group Holdings PLC (EGH) has announced its half year results for the period ended June 30, 2020 reflecting a 24% decline in profitability. P...
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DIAZ: Finally some light at the end of the tunnel
By Guest Writer,
1558, August 3, 2020 (EAT)
Just a few months back, we feared the worst for the world economies. As the Covid-19 pandemic ravaged through developed economies to hit at the hea...
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CBK leaves benchmark rate unchanged for third time at 7%
By Kepha Muiruri,
1434, July 30, 2020 (EAT)
The Central Bank of Kenya (CBK) has retained the benchmark lending rate at seven percent for the third straight month. The CBK Monetary Policy Comm...
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CBK holds the benchmark lending rate at 7 percent
By Kepha Muiruri,
1755, June 25, 2020 (EAT)
The Central Bank of Kenya (CBK) has held its benchmark lending rate for the second time at seven percent, noting continued policy transmission on rece...
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Eyes on new-loans growth as CBK stages rate meeting
By Kepha Muiruri,
1505, June 24, 2020 (EAT)
The focus of the Central Bank of Kenya (CBK) is expected to be on the growth of loans to Kenyans when it hosts its policy setting meeting on Thursday....
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OPINION: COVID-19 response is everyone’s business
By Guest Writer,
2008, June 11, 2020 (EAT)
The specter of COVID-19 has developed from a public health emergency to a global economic crisis. In Africa, despite relatively low infection rates...
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CBK leaves benchmark lending rate at 7 percent
By Kepha Muiruri,
1817, May 27, 2020 (EAT)
The Central Bank of Kenya (CBK) has retained the benchmark lending rate at seven percent breaking the recent cycle of cuts to support the economy. ...
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MCKINSEY: Priorities for school systems in the age of coronavirus
By Guest Writer,
1652, May 23, 2020 (EAT)
As of mid-April, 191 countries had shut down all their primary and secondary schools, affecting almost 1.6 billion children. The shift to remote le...
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Top banks restructure Ksh.176 billion customer loans in cushion against Covid-19
By Kepha Muiruri,
1119, May 8, 2020 (EAT)
Seven of Kenya’s largest banks have restructured a combined Ksh.176 billion worth of customer loans to cushion clients against the Covid-19 pandemic...
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CBK cuts base lending rate to 7% as banks release Ksh.15.3B in Covid-19 support loans
By Kepha Muiruri,
1815, April 29, 2020 (EAT)
The Central Bank of Kenya (CBK) has cut the base lending rate to 7 percent from 7.25 percent in a bid to support further liquidity in the wake of a we...
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