Credit Reference Bureau,Digital Credit Providers Stories
Despite their current challenges, most respondents said they do not intend to default permanently, expressing fear of being blacklisted by the Credit...
The 2025 Index places Kenya at position 88 globally out of 118 surveyed countries, down from last year’s rank of 70. ETI score has also declined from...
While 71 per cent of digital lenders screen their customers against global sanctions lists and 62.7 per cent offer some form of staff training, only 4...
Opening the rating committee to public view signals a shift in financial power, aiming not just for fairer ratings but for a more just model of global...
In a statement on Thursday, CBK said the approvals are part of an ongoing review of over 700 applications it has received since March 2022.
Kaburu was arrested in May 2025 at a mall parking lot in Nairobi, while Ombogo and Mugambi were arrested in a lodge at the Namanga border.
The CBK survey revealed that banks plan to ramp up loan recovery efforts in eight of the 11 economic sectors and maintain the current pace in the rema...
According to Thakar, the antidote to lifestyle creep is developing a disciplined financial mindset focused on delayed gratification and prioritising l...
The county government noted that due to the region's high vulnerability to climate change, it is intensifying its efforts through its greening program...
Teferra reaffirmed the IMF's commitment to deploy the Extended Fund Facility, Extended Credit Facility and Rapid Credit Facility programmes to support...
The current pricing mechanisms are insufficient to meet the ambitious goals of the Paris Agreement which aims to limit global temperature to 1.5°C abo...
The five officials were arrested last Thursday in connection with a major financial scandal at KUSCCO, a key institution for savings and credit cooper...
President Ruto said the proposed agency would complement international credit rating agencies by filling data and analytical gaps.
The forensic audit conducted by PricewaterhouseCoopers highlighted non-performing loans and large-scale theft that have left the institution on the br...
The initiative will ensure that the country aligns with international standards, allowing Kenyan research findings and medical results to be recognise...
These saccos are said to have met the necessary regulatory requirements and are authorised to operate from January 1, 2025, to December 31, 2025.
Critics are questioning whether external observers and global investors truly understood Kenya’s realities.
According to data from the CBK, the total amount of money circulating in the economy dropped by half, marking a significant downturn in Kenya's financ...
China received more in debt payments than multilateral lenders, including the World Bank and the African Development Bank.
Directline had written to the IRA listing the directors including SK Macharia's wife as a shareholder.
Principal repayments exceeded Sh500 billion in the past year alone, highlighting Kenya's growing debt burden.
Even though Africa contributes little to global emissions, it is already facing severe effects of climate change, like more droughts, floods, and risi...
Dubbed ‘Operation Serengeti,’ the operation focused on dismantling criminal networks exploiting banking systems and engaging in fraudulent activities.
The agreement hinged on ensuring credibility in the system so it can reliably lead to reductions in greenhouse gas emissions driving climate change.
The Bill proposes the removal of definitions such as digital channel, digital credit, digital credit business, and digital credit provider from the Ce...
The COP29 talks begin on November 11, 2024, in Baku, Azerbaijan.
Experts argue that the venture is often appealing because it typically comes with lower or no interest rates compared to formal loans from banks.
The move brings to 85 the total number of licensed digital credit providers in the country.
The update, which delves into the bottlenecks currently impeding the growth prospects of the market, says the projected extended timelines are due to...
Gross loans decreased by 1.0 per cent from Sh4.1 trillion in March 2024, to Sh4.04 trillion in June 2024.
