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.

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 ...

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 ...

The Facebook page INUA JAMII SOFT LOAN claims to be offering different loan amounts to Kenyans on Facebook. The page uses the name of Inua Jamii, the Kenyan ...

Kenya Revenue Authority (KRA) increased the Fringe Benefit Taxt (FBT) for the second quarter of 2024 up to 16% of the benefits and interest accrued to workers.

The Standard Chartered Bank (SCB) has said that customers will now get to enjoy personal loans from the bank's official mobile Kenya breaking news | Kenya news today | ...

KOPA, electric motorcycle producers ROAM and Ampersand partnered to allow boda boda operators acquire bikes on credit.

The Facebook page MAMA TAIFA LOAN would have you believe it is run by Kenyan first lady Rachel Chebet Ruto. It uses the name “MAMA TAIFA” to run loan ...

CBK governor said the country was expecting disbursement from the World Bank of about $1.5 billion around March and April.

A young professional is weighing the decision to take a KSh 600k loan to renovate his parents’ home for a girlfriend’s introduction. A financial expert has advised.

Farmers in Kenya primarily access credit through banks, Savings and Credit Cooperative Societies (SACCOs), informal lenders like friends and family, ...