This year, Kenyan banks are moving to a risk-based loan pricing model that differentiates the costs for individual borrowers depending on the risk of default. The move to the risk-based model is meant to unlock credit for sectors or individuals who were previously deemed ...
Informal credit markets are prevalent in many developing countries. Moneylenders, traders, unincorporated associations, families, and relatives provide credit and other financial services. In most cases, informal credit markets operate openly as they are
MSME is one of the largest informal sectors in Kenya offering job opportunities to millions of both the skilled and the unskilled Kenyans. The significance of the informal sector in absorbing the unemployed is profound considering the incumbent government's target of creating one million jobs annuall...
“Constrained external financing led to Kenya suspending plans to tap international capital markets in 2022, prompting the country to draw more extensively on its forex reserves to meet its external debt repayments,” S&P said in its ratings update. “Our base-case scenario assumes that Kenya will...
Executive SummaryWith unemployment reaching up to 40% Kenya1is in dire need of a holistic approach todevelopment that will create jobs, and develop markets while also providing local socialservices. Community Forge seeks to undertake a one-y...
Kenya, Nigeria, and Ghana run a targeted input subsidy program (e.g., fertilizer voucher program) under which farmers who satisfy various essentials,for example, growing targeted crops (usually staple crops), having smallholdings, as well as being situated in specific area, are qualified and get...
“Our main concern has been on how to manage the risk profiles of our customers when we are blind-sided by the lack of additional non-banking data,” Chiera Waithaka, the chief risk officer at Absa Bank Kenya, said in early August....
(TNC, 2022). There are plans underway for TNC to replicate this blue bond in Kenya, Barbados, St. Lucia and elsewhere. The heavy involvement of the world’s biggest nature conservation organisation in these large-scale projects, and TNC’s contractual requirement to be on the multi-...
Cavince said that the BRI has delivered jobs and opened avenues for increased digital cooperation, adding that the initiative has the potential to move the entire continent of Africa forward. Speaking at the forum, George Nsamba, an independent risk management practitioner based in Johannesburg, Sou...
1–44. 2.2 Types of Informal Credit Markets 7 describing how broad and complex shadow banking is, provides the following definition:12 We are therefore at risk of defining "shadow banking" as everything that happens behind the curtain, while everything that happens on the podium, in the ...