IMF and World Bank extend over KES 270 billion in loans to support Kenya’s economic reforms
Kenya is set to receive a financial boost from international lenders as the World Bank prepares to approve USD 1.2 ...
Saturday, May 18, 2024
Tag: loans
KRA raises tax imposed on workplace loans
The Kenya Revenue Authority (KRA) has implemented a tax rate adjustment on loans provided to Kenyan employees at their workplaces ...
Borrowing costs set to increase following CBK’s rate hike
The Monetary Policy Committee (MPC) of the Central Bank of Kenya on Tuesday announced a 200 basis points increase in ...
Kenyan banks hike loan loss provisions by 45.8%
In Q3 2023, eight prominent Kenyan banks, including Equity, KCB, and Stanbic, collectively raised their loan-loss provisions by 45.8% to ...
Report: Kenya’s loan oversight marred by violations, poor disbursement
A damning parliamentary report reveals major deficiencies in Kenya's management of external loans from May 2022 to April 2023, citing ...
HELB disburses funds to students after outcry
The Higher Education Loans Board said Wednesday it has started disbursing tuition loans to more than 200,000 students in universities ...
Yields on Government Securities Breached 16.0% in the Primary Market
The government's appetite for borrowing is really worrying. For starters, The Central Bank of Kenya has released the auction results ...
Banks Record a 14.9% Increase in Non-Performing Loans in Four Months
The Central Bank of Kenya has released data indicating growth of the non-performing loans for the period December 2022 to ...
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