The suspension comes as the Treasury works on transitioning the scheme to a new public-private venture, the Kenya Credit Guarantee Scheme Company (KCG...

Governance experts are concerned that the borrowing, combined with the delays, could lead to serious financial strains on the county governments.

The report emphasised the urgency of accelerating structural reforms, particularly in light of Kenya’s fiscal constraints.

Gachora acknowledged that many borrowers continue to face financial strain due to rising living costs.

Kenya's successful Eurobond issuance in February, which enabled it buy back a significant portion of the 2024 Eurobond, is the driving force behind th...

The latest report by Kenya's most funded fintech, M-Kopa, for instance, indicates that the demand for loans has surged.

President William Ruto said the figure represented an increase of about Sh75 billion.

The move brings to 85 the total number of licensed digital credit providers in the country.

According to the 2023 Banking Supervision Report by the Central Bank, the deterioration in banks' asset quality is a 30 per cent jump compared to the...

Museveni accused the bank of emphasising profit-driven agendas and prioritising loans for seminars at the expense of Africa's development.