CBK out to close sale of treasury bonds worth Ksh.50 billion

By Kepha Muiruri,

The Central Bank of Kenya (CBK) is expected to close out its sale of Ksh.50 billion worth of treasury bonds on Tuesday. While the previous tapping ...

CBK , Kenya Shilling , treasury bonds

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

Banks holding more money than ever before as Kenyans suffer empty wallets

By Kepha Muiruri,

Combined, commercial banks are now holding more cash reserves than ever before even as the private sector languishes in a cash-crunch strangle hold. ...

CBK , Kenya Bankers Association (KBA)

Experts warn of inflation risks despite price cool down

By Kepha Muiruri,

Experts have warned of downward risks from inflation in spite of a significant cool down in the growth of consumer prices in recent months. Food-fu...

CBK , consumer prices in Kenya , Inflation , National Treasury

Gov’t order on payment of pending bills yet to impact businesses – Survey

By Kepha Muiruri,

Local firms are yet to register gains from the recent order by President Uhuru Kenyatta on the clearance of pending bills, a new survey shows. Acco...

demand , Inflation , Stanbic Bank PMI

Banks profitability heading for the rocks, KBA warns

By Kepha Muiruri,

Growth in earnings by commercial banks will soon grind to a halt under prevailing macro-economic conditions, the Kenya Bankers Association (KBA) has w...

CBK , interest caps , Kenya Bankers Association

Banks ask parliament to revise interest rate capping law

By Kepha Muiruri,

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...

CBK , interest rate caps , Kenya Bankers Association , National Treasury

Sancho agrees new bumper deal at Dortmund

By Agencies,

Borussia Dortmund's England winger Jadon Sancho has agreed a new contract with the Bundesliga club worth about £190,000 a week, including bonuses. ...

Borussia Dortmund , England winger , Jadon Sancho , new deal

Real estate brokers ease fears of sector crashing even as property prices fall

By Kepha Muiruri,

Developers in the real estate industry have quelled fears of an impending crash to one of Kenya’s key economic segment even as property prices remai...

Cytonn Real Estate , Hass Consult , Knight Frank , real estate in Kenya , Regent Group

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

CBK calls for regulation of mobile-based lenders

By Dennis Otieno,

The Central Bank of Kenya (CBK) is calling for seamless regulation of digital lending platforms in the country. According to CBK Governor Patrick N...

Central Bank , patrick njoroge

Blurred credit information a weakness to digital lending

By Kepha Muiruri,

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 ...

CBK , Credit Referencing Bureaus (CRBs) , digital lending , Fintech , tala

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

Hard economic times for Kenyans recur as inflation pressure bites

By Kepha Muiruri,

Kenyans could once again be headed tough economic times as growing food prices and rising fuel costs take a swipe at consumers spending abilities. ...

CBK , economic growth , Kenya inflation , Third medium term plan

SME credit guarantee a piece of a larger jigsaw – Experts

By Kepha Muiruri,

Stakeholders in the micro, small and medium enterprises (MSME) space have welcomed the establishment of a credit guarantee scheme by government termin...

interest rate caps , Kenya Bankers Association , SMEs in Kenya , State of the nation address , Viffa Consult

CBK in court to back removal of interest caps

By Kepha Muiruri,

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. ...

CBK , Dr. Patrick Njoroge , interest rate cap law , Kenya Banking Charter

CBK keeps crucial lending rate unchanged at 9 percent

By Kepha Muiruri,

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...

CBK , lending rate

Equity defies expensive lender-tag to grow loans to Ksh.297.2B

By Kepha Muiruri,

Equity bank has defied its expensive lender-tag to grow its share of loans and advances by 6% to Ksh.297.2 billion to equal and surpass the average lo...

equity bank , interest caps , James Mwangi , Polycarp Igathe , The Cost of Credit in Kenya

Property developers back the stay of interest caps

By Citizen Reporter,

Property developers have raised the alarm on the recent High Court ruling on interest caps to warn of reduced real estate uptake should expensive loan...

Consumer Federation seeks recourse on rate-cap ruling

By Kepha Muiruri,

The Consumer Federation of Kenya (COFEK) has filed an application in court, objecting last week’s High Court directive to scrap off holds on interes...

COFEK , interest rate cap , Stephen Mutoro