CBK keeps benchmark rate at 7pc amid inflation worries
The Central Bank of Kenya (CBK) has kept the base rate at 7% despite the risk of higher inflation stemming from rising commodity prices. The...
credit
CBK keeps benchmark lending rate unchanged at 7pc
The Central Bank of Kenya (CBK) has retained the benchmark lending rate at 7% as has been the case since April 2020, meaning the cost of...
Unregistered digital lenders get six months window to conform
Digital lenders operating in the country with out license will have six months to register their operations with the Central Bank of Kenya or face...
CBK suspends listing of borrowers with loans below Kshs 5M
Borrowers with loans of up to Kshs. 5 million will not be listed with Credit Reference Bureaus (CRBs) for a period of one year following...
Tala raises Kshs. 16.1B to expand presence, product portfolio
Tala has raised Kshs. 16.1 billion in series E funding that will see the digital lender grow its workforce in four markets and launch new...
Tala establishes Kshs. 1 million grant for MSMEs affected by covid
According to Tala, the grant will support Micro, Smalll Medium Enterprises which have been adversely affected by COVID-19 fallout and put them on a recovery...
StanChart $50M facility from AfDB to boost African intra-trade
The African Development Bank Group (AfDB) board has approved a $50 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility with Standard Chartered Bank. The...
DIB Bank Kenya eyes private sector credit for growth
DIB Bank Kenya targeting to expand investments in the Kenyan market through increased lending to business and individual customers. The lender which is a which...
Co-op Bank half year net profit grows marginally to 7.4B
Co-op Bank Group has reported a marginal growth in profit after tax of 7.4 billion for the half year period ending June 2021. According to...
Equity Group half year net doubles to Kshs. 14.4B
Equity Group net profit during the first six months of this year doubled to Kshs. 14.4 billion when compared to what the lender made during...