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Equity, KNCCI roll out Ksh.200 billion loan facility to support small businesses
By Kepha Muiruri, 1723, October 13, 2020 (EAT)
Equity Group alongside the Kenya National Chamber of Commerce and Industry (KNCCI) have announced the creation of a Ksh.200 billion credit facility fo...

Equity Group , KNCCI , SME lending
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...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR)
Treasury raises Ksh.64b from local borrowing in September
By Kepha Muiruri, 1059, September 17, 2020 (EAT)
The National Treasury has raised Ksh.64.2 billion from local borrowing in September as it continues to profit from the high investor appetite for gove...

domestic borrowing , National Treasury
Diaz: Employees still integral to businesses amidst COVID-19 pandemic
By Guest Writer, 2027, September 8, 2020 (EAT)
When the government implemented strict measures to contain the COVID-19 pandemic including the partial closure of the economy, job losses became a pre...

coronavirus
e-conference for leading women in banking, finance to promote gender diversity in leadership
By Rachel Ombaka, 2256, September 3, 2020 (EAT)
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
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...

Equity , half year profit , James Mwangi
Loan defaults derail bank earnings
By Kepha Muiruri, 1910, August 17, 2020 (EAT)
Growing borrowers risk profiles and loan defaults have thrown bank earnings off the trail as lenders continue to provision billions towards expected c...

COVID-19 , IFRS 9 , non performing loans (NPLs)
Money in circulation grows by Ksh.203 billion in four months
By Kepha Muiruri, 1929, August 5, 2020 (EAT)
Money in supply within the Kenyan economy has defied the shocks of the COVID-19 pandemic expanding by Ksh.203 billion or an equivalent 30.7 per cent. ...

Central Bank of Kenya (CBK) , COVID-19 , money in circulation
Sidian Bank launches Ksh.508M COVID-19 loan facility for water, sanitation enterprises
By Benjamin Muriuki, 2217, August 4, 2020 (EAT)
Sidian Bank in partnership with Aqua for All has launched a 4 Million Euros (Ksh.508 million) credit facility dubbed the 'COVID-19 Wash loan' facility...

Aqua for All , Sidian Bank
124 private schools set for closure over huge bills occasioned by COVID-19 pandemic
By Makori Ongechi, 951, August 4, 2020 (EAT)
About 124 private schools in the country with a student population of 43,000 are on the verge of shutting down completely as a result of huge bills th...

coronavirus , COVID-19 , Peter Ndoro , Private schools , Prof. George Magoha
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...

CBK , CBR
COVID-19: Banks extend relief as loan restructures hit Ksh.844B
By Kepha Muiruri, 1013, July 30, 2020 (EAT)
Commercial banks have continued to extend relief to borrowers with loan restructures to cushion against the pandemic hitting Ksh.844.4 billion in June...

banks , coronavirus , COVID-19 , KBA , loan
Ruiru, Ruaka and Utawala among satellite towns leading lift in Nairobi land prices
By Kepha Muiruri, 1610, July 13, 2020 (EAT)
Sustained demand for parcels of land inside Nairobi Metropolitan Area (NMA) satellite towns has paid dividends for land investors as land prices recov...

Cytonn Real Estate , land prices
Local firms’ foresee an economic rebound on further restrictions ease
By Kepha Muiruri, 947, July 2, 2020 (EAT)
Local enterprises foresee a potential economic rebound should government further ease restriction measures to contain the COVID-19 pandemic. As the...

Central Bank of Kenya (CBK) , COVID-19 , Kenya's economy
‘It would be foolish to say the worst is behind us,’ CBK Governor Njoroge says on economy
By Kepha Muiruri, 1748, June 26, 2020 (EAT)
The Central Bank of Kenya (CBK) has remained pragmatic on economic prospects to Kenyans this year even as the green light flashes on a potential recov...

Central Bank of Kenya (CBK) , coronavirus , COVID-19 , Kenya's economy
Bank relief on loan repayment rises as credit restructures hit Ksh.680 billion
By Kepha Muiruri, 1830, June 25, 2020 (EAT)
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 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...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR)
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....

Central Bank of Kenya (CBK) , government borrowing , private sector credit
Treasury ends annual local borrowing program on a high, raises Ksh.49 billion
By Kepha Muiruri, 1055, June 18, 2020 (EAT)
The National Treasury has closed its local borrowing program for the year ending June 30 on a high, raising Ksh.49.3 billion against a target of Ksh.4...

Central Bank of Kenya (CBK) , domestic borrowing , National Treasury
DIAZ: 2020/2021 Kenya budget a short in the arm for local industry in advent of COVID-19
By Guest Writer, 1538, June 13, 2020 (EAT)
In spite of having featured as one of the four thematic development pillars for Kenya over the medium, manufacturing has been seen by many observers t...

budget , coronavirus , kicotec , PPEs