africa loans Stories

Kenya's loan defaults hit 20-year high as economic woes deepen
Maureen Kinyanjui  |  Jun 12, 2025

According to the CBK, the ratio of non-performing loans (NPLs), those unpaid for over 90 days, rose to 17.6 per cent by June 2025, up from 17.4 per ce...

Expensive loans hurting African economies - AfDB boss
Albert Mwazighe  |  May 06, 2024

The sharp rise in the cost of loans is attributed to the shift from concessional financing to more expensive and short-term commercial debt.

Stay ahead of the news! Click ‘Yes, Thanks’ to receive breaking stories and exclusive updates directly to your device. Be the first to know what’s happening.