Read:President Ruto's rates cut push heralds new era Kenya also took in loans from Germany (Sh7.8 billion) and France (Sh6.2 billion) to help establish a centre for entrepreneurship including satellites together with an integrated voucher system and primarily to pay the foreign exchange costs. T...
such as home loans, business expansion, or daily operations. Inflation has paused at 6.8 percent, which is above the Central Bank of Kenya (CBK) preferred rate of 5.0 percent. This means households are not cutting back
Bank share prices have fallen by an average 32.8 percent since the start of the year, mainly hit by a decision by the Central Bank of Kenya (CBK) to freeze a bid to raise cost of loans following the scrapping of lending rate controls on November 7, 2019, analysis shows. Th...
The Kenya Auto Bazaar Association, which represents second-hand car dealers, said its members were bracing for further slowdown in sales due to higher prices. The full impact on demand, the lobby’s secretary general Charles Munyori said, will likely be felt from September when most of the o...
A recent World Bank report noted that Kenya’s growth has been driven by a huge uptake of commercial loans as revenues have not kept pace with spending, leading to huge budget deficits. “The related deficits have been financed through debt with an increase in commercial borrowing,” said the...
“We are navigating a complex operating context in Kenya with Mobile Termination Rates (MTR) reduction, fiscal pressure (increased taxation), increased regulatory scrutiny, customer acquisition/subscriber registration, changes and the return to charging on the bank to/from M-Pesa transactions,...
In Kenya, there has been increased interest in e-mobility space. According to the Ministry of Transport and Infrastructure, the country has over 20 startups dealing with different aspects of e-mobility, ranging from assembling two and three-electric wheelers, and electric vehicles importing, ...
Kenya Bankers Association (KBA) chief executive Habil Olaka says while the rise was not a surprise, the magnitude (200 basis points) was and it “definitely creates some challenges.” Mr Olaka expects deposits to become more expensive as banks raise rates to convince customers not...
In Kenya, the adoption of mobile payments skyrocketed at the onset of the Covid-19 pandemic in mid-March 2020 following the waiver of charges on low-ticket transactions that was aimed at reducing the use of cash as a measure to contain the spread of the virus. ...
Kenya lowered the university entry marks to C+ in 2016, and the Treasury was expected to pay part of the costs for State-sponsored students admitted to private and public universities. But the lowering of the university entry mark dried up the pool of students that private universities coul...