loan defaults,Loan defaults Kenya Stories
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...
The registration process, which targets previously unlisted properties, will be handled at locations spread across the affected wards.
The chairperson of the National Assembly’s Committee on Trade, Industry and Cooperatives Bernard Shinali demanded a proper explanation from the PS, qu...
In the case filed by the Masonic Trustees, the society claims that the county was aware that they were exempt from paying rates.
The facility, which serves hundreds of motorists daily, will now be managed by City Hall until the full amount is paid.
The building, located in the city centre, reportedly owes over Sh19 million in land rates.
County officials say they have no choice but to act, with the total land rates debt now approaching Sh50 billion.
The move comes after the expiration of a waiver period that ended on April 30, during which landowners were allowed to regularise their accounts witho...
Findings indicate that thousands of borrowers were either below the legal age of 18 or had not yet been born when the funds were disbursed.
Deputy President Kithure Kindiki has directed SHA to roll out the new algorithm by February 28, saying it will make premium contributions more predict...
Susan Mang'eni, the PS for the State Department of MSMEs confirmed that these two million borrowers have achieved higher credit scores by repaying the...
The new provisions aim to curb exploitative practices in the microfinance sector, offering enhanced safeguards for borrowers and guarantors.
Kenya Kwanza had pledged to set aside Sh50 billion annually for the Hustler Fund, but allocated only Sh20 billion to the fund in its first budget.
Audit shows Kenya Railways' revenue from its operations was insufficient to cover the maturing loan obligations, leading to additional penalties.
The action follows the expiration of the second waiver for land rate penalties and interest, which required owners to settle the principal.
Government ministries, departments, and agencies (MDAs) and county governments are the main defaulters on power bills.
