Arita, a seasoned financial expert, outlined his plans to establish a dedicated team within CBK focused solely on addressing these issues.

This is a 75 Basis Points slash, a larger cut compared to August's review when the apex bank lowered the benchmark lending rate by 25 basis points fro...

Among the candidates include Charles Ringera, the Chief Executive Officer and Board Secretary at the Higher Education Loans Board (HELB).

The survey found that high lending rates and tight credit underwriting are reducing the demand and uptake of new facilities.