A steep rise in interest rates could see the cost of borrowing cross levels above 30 per cent, last witnessed a decade ago. The regulator earlier this month held the benchmark rate at 13 per cent.

Macroeconomic activity is largely defined by market trends especially inflation which is influenced by the performance of local currency.

In its document, the IMF revealed that the prime lending rate which is the interest rate usually dangled to top corporations doubled in the year 2023. This indicated that the interest rates not only ...

In view of the ongoing changes in the macroeconomic environment, we wish to inform you that NCBA Bank Kenya’s base lending rates will increase from 16.5 percent per annum to ...

According to the survey conducted by mobile loans lender Tala, 65 per cent of women respondents stated that gender bias was “moderate” to “extreme” in financial services. The majority of both men and ...

KCB Bank has secured Ksh 4 billion (€30m) from the Bill & Melinda Gates Foundation and the European Investment Bank to increase lending to women enterprises.

Digital lenders have appealed to the Parliament to repeal the 20 per cent excise duty on loans, saying it has raised the cost of credit for borrowers at the bottom of the economic pyramid. In a phone ...

Kenya is now seeking the assistance of the US government to navigate through its cash crisis by accessing cheap loans from the global financial markets. Nairobi is seeking a sovereign loan guarantee ...

Experts and officials on Thursday urged multilateral lending institutions including the World Bank and the International Monetary Fund IMF to prio ...

Kenya's president, William Ruto, has earned more legal space to borrow for his grandiose economic plan after parliament raised the country's public ...

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That data and the lessons learned from the pilot are featured in the new TIFI SME Lending Toolkit Learning Brief, which also shows the average loan ranged from roughly $11,000 in Kenya to more than ...