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Kenya: Demand for Credit Remains High in Kenya, Driven By Financially-Stressed Consumers
The Exchange, 22 September 2021
A new report now indicates that the COVID-19 pandemic is continuing to have an impact on the Kenyan credit market, with banks and lending institutions having to adjust their… Read more »
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Kenya: Heavily Indebted Kenya Churns Out Millionaires
East African, 7 September 2021
Kenya is churning out millionaires despite being the most heavily indebted country in East Africa. Every adult in the country is carrying a debt load of about $523. This is… Read more »
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Kenya: Men Likely to Default On Loans Than Women - Reelanalytics
Capital FM, 2 September 2021
A new report by ReelAnalytics has revealed that men experiment with multiple digital credit providers compared to women who are considered more loyal to a single brand. Read more »
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Kenya: Credit Extended to Private Sector Picks Up in 1Q21
Capital FM, 26 July 2021
Credit extended by the monetary banking system to the private sector increased in the first quarter of 2021, with loans to households being the key driver of growth. Read more »
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Kenya: Apply for State Business Recovery Credit, Women Urged
Nation, 17 June 2021
Businesswomen have been urged to apply for State fund purposed to support revival of micro, small and medium enterprises (MSMEs) hit by Covid-19-related economic disruptions. Read more »
Cash-Strapped Kenyans Drive Demand For More Credit
A new report now indicates that the Covid-19 pandemic is continuing to have an impact on the Kenyan credit market, with banks and lending institutions having to adjust their operations to the current economic climate.
While higher prices resulting from inflation drive increased demand for credit, this can also boost the number of less creditworthy borrowers who may eventually default on their payments. As inflation rates rise, so does the base lending rate, which affects consumer ability to pay loans, writes Wanjiku Njugunah for The Exchange.
InFocus
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A report in the form of a prospectus, intended to appeal to international investors to buy Kenya's latest Eurobond, shows that Nairobi must swallow all the International Monetary ... Read more »
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The country's second budget under the shadow of the Covid-19 pandemic has prioritised a stimulus for economic recovery and the implementation of President Uhuru Kenyatta's legacy ... Read more »
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The International Monetary Fund has announced that its executives have completed their pre-disbursement engagements with Kenyan officials and approved another U.S.$408 million ... Read more »
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Kenya and Tanzania are among the world's 70 countries notorious in helping multinational corporations underpay corporate income tax, leading to lower revenue collections and ... Read more »
Boda Boda riders turn a roundabout to pick and drop passengers along Kenyatta Avenue in Nairobi.
