Nairobi — A new report has revealed a troubling spike in loan defaults across Kenya, with one in every six adult borrowers having failed to repay their loans in 2024. The findings, published in the ...

The World Bank has dismissed claims of secretly issuing loans to Kenya, stating that all financial agreements with the country are publicly available. Speaking in an interview with Nation Fm, World ...

The Kenyan government has guaranteed loans for three state agencies, running from 1995 to 2021 The Controller of Budget (CoB) conformed that KSh 19 billion was used to repay the Kenya Airways ...

Kenya will next week draw down the first tranche of $500 million (Sh64.8 billion) from the $1.5 billion (Sh194.3 billion) United Arab Emirates (UAE)- backed commercial loan as it races to close the ...

The jump in the overall disbursements means that Proparco increased the value size of the loans that were issued to Kenya’s private sector last year. French development agency Agence Française de ...

The Facebook accounts Hon Irungu Kang'ata LOANS and Governor Irungu Kang'ata claim to offer loans to Kenyans. These accounts use the name and photos of Murang'a county governor Irungu Kang'ata. Murang ...

Absa Bank Kenya has restructured Ksh3.4 billion ($26.35 million) in loans it gave to customers who are struggling to repay as a result of economic challenges linked to high cost of doing business, ...

The best indicator of an economy that is performing well is low levels of non-performing loans (NPLs). Although in the last one year, the gross loan portfolio grew by 0.6 per cent, NPLs grew by 6.6 ...

Central Bank of Kenya says Kenya's 4.46 months of import cover meet its statutory requirement. File, Standard] Kenya’s foreign exchange (FX) reserves dipped sharply by $226 million (Sh26.8 billion) ...

Kenyan mobile operator Safaricom has secured a Sustainability Linked Loan (SLL) of up to 20 billion ($137 million) Kenyan shillings from a consortium of Kenyan banks. The operator claims it is the ...

Growth of 5.6% this year would exceed official forecasts Kenya and Japan sign yen-denominated loan deal at conference Japan strengthens ties with Africa, focusing on infrastructure ...