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Loans

Report: Public service Saccos post increased loan defaults

Deposit-taking Saccos belonging to teachers recorded the highest stock of bad debts at 78 per cent as most private companies for being diligent in remitting members’ loan repayment deductions.

By Graham Kajilwa 10 days ago

Report: Public service Saccos post increased loan defaults

Why your Sacco struggles to refund your money

Why your Sacco struggles to refund your money

By Graham Kajilwa 12 days ago

Kenya's forex reserves drop by Sh27 billion after payment of SGR loans

Kenya's forex reserves drop by Sh27 billion after payment of SGR loans

By Dominic Omondi 23 days ago

IMF and Africa loans

IMF and Africa loans

By Gado 23 days ago

Debt repayment holiday saves government over Sh256 billion

Kenya also borrowed less than it had projected which narrowed its fiscal deficit. It was even lauded by the IMF on its performance in the last financial year.

By Dominic Omondi 24 days ago

Debt repayment holiday saves government over Sh256 billion

Uhuru defends high borrowing record to fund mega projects

President uses his last address to the regional Heads of State Summit to tell off critics. He urges his counterparts not to shy away from taking loans if it means developing their countries.

By Macharia Kamau 26 days ago

Uhuru defends high borrowing record to fund mega projects

Next president might borrow more despite KRA record tax revenue

President Uhuru Kenyatta fell in love with a rather complex equation: increase tax collections, expand the budget, borrow more and wait for a return in the long run.

By Patrick Alushula 30 days ago

Next president might borrow more despite KRA record tax revenue

Kenya to pay China Sh30b for two railway loans this month

Debt repayment will put a dent in the country’s foreign exchange reserves. Loans were procured from China Exim Bank and denominated in dollars.

By Dominic Omondi 1 month ago

Kenya to pay China Sh30b for two railway loans this month

Is China Kenya's largest creditor? No way! 'debt trap' claim is misleading

The writer says Western investors, often in forms of multi-lateral financial institutions and commercial creditors, are the largest creditors of African countries including Kenya.

By Zhou Pingjian 1 month ago

Is China Kenya's largest creditor? No way! 'debt trap' claim is misleading

Burdened bank customers add Sh56b loan defaults in 4 months

CBK data shows that non-performing loans hit Sh482.6 billion in April. Increase came even as lenders started warming up to the private sector.

By Patrick Alushula 1 month ago

Burdened bank customers add Sh56b loan defaults in 4 months

Why Kenya had borrow to repay a Sh17b Chinese loan

The largest portion of Kenya's external restructured debt was Chinese loans. The country was unable to service external loans owing to pandemic shocks.

By Dominic Omondi 1 month ago

Why Kenya had borrow to repay a Sh17b Chinese loan

Banks warn of more expensive loans as inflation climbs sharply

The regulator’s Monetary Policy Committee increased the Central Bank Rate (CBR) to 7.5 per cent at the end of May to tame inflation, which hit 6.47 per cent in April.

By Brenda Kerubo 1 month ago

Banks warn of more expensive loans as inflation climbs sharply

Half of Kenyans say mobile loans eroding their savings

Use of mobile money hit a historic high in December last year where Kenyans transacted Sh622 billion through mobile phones.

By Frankline Sunday 1 month ago

Half of Kenyans say mobile loans eroding their savings

How Covid shocks hooked more Kenyans on survival loans

Thousands of Kenyans are driving to work but in cars financed by loans and sometimes fueled by a mobile overdraft facility, Fuliza.

By Patrick Alushula 2 months ago

How Covid shocks hooked more Kenyans on survival loans

Covid pandemic reduced Chinese loans to Africa, report

China’s lending to African countries fell to a 16-year low in 2020 as the current Covid-19 pandemic took a toll on economies across the world.

By Agency 2 months ago

Covid pandemic reduced Chinese loans to Africa, report

No husband? Sorry, no loan

When it comes to credit, banks are afraid of matrimonial property.

By Graham Kajilwa 2 months ago

No husband? Sorry, no loan

Banks set to review their lending charges after CBK rate hike

The move by the Central Bank of Kenya (CBK) to raise its lending rate from 7 to 7.5 per cent could force banks to also adjust their charges.

By Antony Gitonga 2 months ago

Banks set to review their lending charges after CBK rate hike

CBK fees waiver pushes M-Pesa daily deals with banks to Sh15b

The value of transactions between M-Pesa and banks has hit Sh5.58 trillion, thanks to fees waiver, even as Safaricom and lenders rue lost revenue.

By Patrick Alushula 2 months ago

CBK fees waiver pushes M-Pesa daily deals with banks to Sh15b

Audit report: 17 parastatals fail to repay Sh218b loan arrears

Total outstanding parastatal loans reached Sh921 billion as of June 2021. Treasury says Kenya Railways owes Sh473 billion in legacy debt, but the corporation puts the figure at Sh275 billion.

By Frankline Sunday 3 months ago

Audit report: 17 parastatals fail to repay Sh218b loan arrears

Alternative lending in Kenya

Kenya’s alternative lending scene has grown rapidly since the mid-2010s. There are currently over twenty alternative lenders operating in Kenya.

By Sara Okuoro 3 months ago

Alternative lending in Kenya

Settle your Helb loan

The Higher Education Loans Board (Helb) has offered a lifeline for many needy university and college students.

By Editorial 3 months ago

Settle your Helb loan

HELB extends 100 per cent waiver on student loans

HELB extends 100pc Covid-19 penalty waiver by another 60 days to June 30; CEO Ringera cites tough economy, unemployment as factors affecting loan repayment.

By Betty Njeru 3 months ago

HELB extends 100 per cent waiver on student loans

Metropolitan Sacco puts aside Sh6.7 billion as bad loans surge

Metropolitan National Sacco has made drastic changes to its management and operations as it seeks a fresh beginning after a tumultuous period.

By Dominic Omondi 3 months ago

Metropolitan Sacco puts aside Sh6.7 billion as bad loans surge

Huge loan from China suffocating Sri Lanka's economy

Between 2005 and 2017, China provided Sri Lanka with economic assistance worth Sh1.5 trillion, including a host of infrastructure projects

By Agencies 3 months ago

Huge loan from China suffocating Sri Lanka's economy

An Invisible hole: Reflections from the 2022/2023 Fiscal Budget

The actual budget is slightly over Sh4 trillion translating into over Sh1.6 trillion budget hole, assuming we collect all the projected revenues.

By Patrick Muinde 4 months ago

An Invisible hole: Reflections from the 2022/2023 Fiscal Budget

You'll now be taken to court for defaulting on Helb loan

The Higher Education Loans Board (Helb) has started taking defaulters to court to recover some Sh10.5 billion that beneficiaries have not paid for over 10 years.

By Dominic Omondi 4 months ago

You'll now be taken to court for defaulting on Helb loan

M-Pesa eyes high-value loans offering after Safaricom split

Safaricom wants M-Pesa to start issuing high-value lending such as car loans if the proposal is passed.

By Patrick Alushula 4 months ago

M-Pesa eyes high-value loans offering after Safaricom split

Five accounts hit NCBA with Sh26b loan defaults

NCBA Group has disclosed that five loan accounts took up 60 per cent of its Sh44.34 billion non-performing loans (NPLs) by the end of last year, highlighting the difficulties facing large businesses.

By Patrick Alushula 4 months ago

Five accounts hit NCBA with Sh26b loan defaults

It’s time we addressed the question of public debt with brutal honesty

Eventually, every penny borrowed by government must be repaid with taxes either in the medium or long-term.

By Patrick Muinde 4 months ago

It’s time we addressed the question of public debt with brutal honesty

Share of loans in default hits 8-month high

The proportion of loans that has remained unpaid for at least three months has hit eight-month high on increased lending and a slow pace of repayments

By Patrick Alushula 4 months ago

Share of loans in default hits 8-month high

Enter the Chinese dragon puffing a fire of billions and corruption

Chinese billions also come with a fair share of problems, especially during President Kenyatta’s first term when more loans flowed in from Beijing.

By Dominic Omondi 4 months ago

Enter the Chinese dragon puffing a fire of billions and corruption

‘Fuliza republic’: Kenyans borrow Sh1.6b daily amid economic woes

Overdraft facility helps borrowers to meet essential needs such as food and rent at a daily fee, some 700,000 users joined app in six months.

By Patrick Alushula 4 months ago

‘Fuliza republic’: Kenyans borrow Sh1.6b daily amid economic woes

Central Bank rescues borrowers from fangs of digital loan sharks

Operators risk being fined for debt shaming as CBK moves to bring them under its regulation from September.

By Patrick Alushula 4 months ago

Central Bank rescues borrowers from fangs of digital loan sharks

Expensive loans in the offing as banks seek CBK approval to increase interest rates

Risk-based pricing model will see the cost of credit jump past the current 13 per cent, regulator sent back several banks to rework their models

By Patrick Alushula 4 months ago

Expensive loans in the offing as banks seek CBK approval to increase interest rates

DP Ruto renews attack on President Uhuru Kenyatta

DP Ruto claimed tax revenue had stagnated because of conflict of interest and the lack of a concrete plan.

By Allan Mungai 5 months ago

DP Ruto renews attack on President Uhuru Kenyatta

ICT ministry in a spot over Sh12b foreign loans

ICT ministry is on the spot over Sh12 billion in loans taken from the governments of Italy and China to develop key infrastructure projects.

By Frankline Sunday 5 months ago

ICT ministry in a spot over Sh12b foreign loans

City Hall to sell land, idle assets to repay Sh4.4b KCB loan

Nairobi County Government will sell its idle assets including land to avoid being auctioned by a bank for defaulting on a Sh4.4 billion loan repayment

By Josphat Thiong'o 5 months ago

City Hall to sell land, idle assets to repay Sh4.4b KCB loan

Nyeri county reports zero pending bills, tables Sh7.7 billion budget

The document was prepared by the County Finance Department and is awaiting approval by the Assembly.

By Lydiah Nyawira 5 months ago

Nyeri county reports zero pending bills, tables Sh7.7 billion budget

HELB announces 100 per cent penalty waiver

The waiver will run for two months from March 1 to April 30, HELB Chief Executive Officer Charles Ringera said in a statement on Tuesday, March 1.

By Brian Okoth 5 months ago

HELB announces 100 per cent penalty waiver

Uhuru’s huge debt appetite fails to stimulate economy

Since 2013, Jubilee administration has borrowed more than three times the loans taken by the previous three governments combined.

By Dominic Omondi 5 months ago

Uhuru’s huge debt appetite fails to stimulate economy

World Bank warns on risk of private debts to poor nations

The bank’s surveys showed 46 per cent of small and medium-sized businesses in developing countries expected to fall behind on debt payments.

By Reuters 5 months ago

World Bank warns on risk of private debts to poor nations

Digital Saccos: An innovative way for youth to save without the hassle

To join MOMBO Sacco, download the MOMBO App from either the play store or AppStore.

By Mombo Sacco 6 months ago

Digital Saccos: An innovative way for youth to save without the hassle

Banks open year with billions for lending to SMEs

Large lenders — including Equity, KCB and Cooperative Bank of Kenya — have borrowed billions of shillings to support small entities.

By Patrick Alushula 7 months ago

Banks open year with billions for lending to SMEs

Families in pain after losing land, property to shrewd shylocks

Nyeri County Criminal Investigation Officer Benson Kasyoka said they are investigating the many cases.

By Lydiah Nyawira 7 months ago

Families in pain after losing land, property to shrewd shylocks

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