Business

Eleven Banks Face Deadline to Raise Sh15 Billion or Lose Licenses

Eleven commercial banks in Kenya are under pressure to raise a combined Ksh15 billion by December 2025 in order to…

10 months ago

What the New E-Procurement System Means for Kenyans: Transparency vs. Service Delivery Risks

The National Treasury has begun rolling out a new electronic procurement system (e-GP) across national and county governments to boost…

10 months ago

Banks Cut Household Lending for First Time in Seven Years as Defaults Surge

Kenyan banks reduced lending to households in 2024 for the first time since 2017, as high interest rates and rising…

10 months ago

Landmark Airtel Ruling Offers Hope for Mobile Money Users Facing Costly Errors

A recent decision by the Comesa Competition Commission (CCC) could transform how ordinary Africans recover funds lost through mistaken mobile…

10 months ago

CBK Extends Loan Pricing Deadline for Banks by Six Months

The Central Bank of Kenya (CBK) has granted commercial lenders additional time to transition to a new loan pricing framework,…

10 months ago

Electronic Government Procurement Rollout Slows Spending but Promises Cleaner Deals

Kenya’s transition to a fully digital procurement platform has slowed down government spending, but officials say the shift will be…

10 months ago

Safaricom Targets Bigger GDP Share as It Bets on Micro Business Growth

Safaricom is seeking to expand its role in Kenya’s economy by focusing on the smallest of enterprises such as mama…

10 months ago

Kenya’s Banking Sector Shrinks for First Time in 22 Years as Bad Loans Surge

Kenya’s commercial banks posted their first asset contraction in over two decades in 2024, hit by rising bad loans and…

10 months ago

Kenya Re Half-Year Profits Jump 50% to Sh1.5 Billion on Lower Forex Losses

Kenya Reinsurance Corporation (Kenya Re) has posted a strong rebound in earnings for the first half of 2025, with net…

10 months ago

CBK Unveils Revised Credit Pricing Model to Enhance Transparency in Lending

The Central Bank of Kenya (CBK) has announced the introduction of a revised Risk-Based Credit Pricing Model (RBCPM) for the…

10 months ago