Eleven commercial banks in Kenya are under pressure to raise a combined Ksh15 billion by December…
Category: Business
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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…
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…
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…
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…
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…
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…
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…
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…
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…