HELB: We will not turn student loans into grants

As at June this year, Kenya’s total debt stood at Sh7.71 trillion, the report indicates.

One way of avoiding being ensnared in debt is avoiding taking loans for consumption and only borrowing when it is extremely necessary.

These may be the key factors that brought Kenya Power on to its knees.

Kenya’s financial market is heavily focused on borrowing compared to other equally important aspects, such as savings.

The man reportedly stabbed his wife to death before dumping her body at her parents’ home. They are suspected to have differed over how to spend money

Experts advise prioritising your expenses and kicking out unnecessary ones is a good starting point to avoid being caught up in a debt trap.

For the uninitiated, Fuliza M-Pesa is an overdraft of sorts that one can apply on the go. And the cash trickles in fast.

Loans uptake by small businesses rose by 15 per cent between 2017 and 2020. Lenders increased their marketing efforts in competition for the segment.

Report by industry regulator shows Sh195 billion drop between March and June.

Lawmakers have rejected a Bill by the National Treasury to create a special fund that was supposed to help the government repay expensive loans.

Legal practitioners should focus on assisting digital lenders by offering business solutions relating to developments in laws affecting the sector.

For every three shillings collected by KRA, two shillings are gobbled by debt. Central Bank of Kenya Governor Patrick Njoroge raised similar fears.