Commercial banks had restructured an estimated Ksh.1.7 trillion in customer loans at the end of February 2021 representing 57 per cent of the sector's...
Lender KCB says it will allow further loan restructures to its most distressed customers for a further year as it keeps cushion measures on clients. ...
In a nutshell, Kenya’s stock of public debt stood at Ksh.1.3 trillion a decade ago, today, this stock has climbed to Ksh.7.1 trillion as of Septembe...
Commercial banks and other lending institutions are set to resume listing loan defaulters effective Thursday with Credit Reference Bureaus (CRB) as th...
High Court judge Grace Nzioka has recused herself from hearing a case between Jubilee Party Secretary General Raphael Tuju and and East African Develo...
70 percent of mobile loan defaulters will borrow again and still default on the new credit facility to mirror the deterioration of the quality of borr...
A dirt track at Djibouti's Doraleh Port leads to a series of unassuming single-story buildings that, earlier this year, hosted the world's two superpo...
Commercial banks have welcomed the ongoing conversation to review the law governing Credit Referencing Bureaus (CRBs), highlighting on gross inconsist...
By Gitonga Muriithi If you are planning to buy your first home, you are probably going through a range of emotions: excitement, happiness, hesita...
Higher Education Loans Board (HELB) has backed Education Cabinet Secretary Amina Mohamed to use law enforcement agencies to deal with loan defaulters ...
Kenya is in talks with lenders to roll over a Ksh.78billion ($760million) syndicated loan this fiscal year and lengthen its maturity. This is in or...
Over 45 digital lending facilities are active in Kenya today with the apps thriving on convenience and perceived low interest, attracting thousands of...
Kenya's risk of defaulting on debt repayments has increased to moderate from low, the International Monetary Fund (IMF) said. IMF cited the governm...
The Government is failing to pay many of its contractors on time, as corruption drains funds for legitimate projects from State coffers, reports have ...
Timber manufactures have decried the recent 90-day logging band by the government saying it will lead to massive job losses. In a statement release...
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...
Commercial banks have been put on notice over filing inaccurate data on borrowers with credit reference bureaus (CRB). According to the Central Ban...
Robert Mugabe's anti-Western rhetoric has been conspicuous by its absence of late, a sign the 91-year-old leader has mellowed or realised that Zimbabw...
Greece's left-wing government promised on Saturday to offer concessions to creditors to unlock billions of euros in funds and stave off default but ke...