mobile loans Stories
Mobile lending apps lead in most markets, especially Uganda (37 per cent), Ghana (33 per cent), Kenya (30 per cent), Tanzania (27 per cent), and Niger...
The FRC tracks suspicious financial activities through reports filed by banks, mobile money providers, forex bureaus, and SACCOs. SASRA supervises SAC...
National Assembly’s Public Petitions Committee, chaired by Muchangi Karemba, questioned David Sandagi on SASRA’s role in supervising the Sacco since i...
Deposit-taking Saccos, which dominate the industry with over 80 per cent of assets, loans, and deposits, showed improved financial strength.
The bulk of the revenue came from the earlier Digital Service Tax (DST), which was introduced in June 2020 at 1.5 per cent of gross turnover before be...
Currently, at least 708,000 students are enrolled in Kenyan universities, and over 100,000 graduated this year.
Currently, Sasra only oversees Saccos with deposits of Sh100 million or more, leaving many smaller co-operatives under the Commissioner of Co-operativ...
Embu Senator Alexander Mundigi termed the premature closure of the portal as ill-timed, saying it has disadvantaged learners who had only recently acq...
Further, the CBK’s consecutive reductions in the indicative lending rate, including the latest cut to 9.50 per cent in August, made loans more afforda...
According to National Assembly Speaker Moses Wetang’ula, the petition argues that while Section 44A of the Banking Act provides that interest on a non...
Data from the Business Registration Services reveals that the total number of items pledged fell to 132,374 in the year ended June 30, with most Kenya...
Several students had reported delays in receiving their loans, which risked preventing them from registering for classes or sitting exams.
The Central Bank of Kenya raised the base lending rate to 13 per cent in February 2024 and maintained it until August, driving some commercial lenders...
CBK statistics show that default rates drop as the size of the loan increases, with loans between Sh1,000 and Sh5,000 showing a 69.4 per cent non-perf...
Wycliffe Oparanya said that Kenyans who have failed to repay Hustler Fund loans will be barred from accessing credit from banks, SACCOs, and other fi...
CBK, in its defence, insisted it has no role in the establishment or management of the fund, distancing itself from allegations touching on financing...
The CS said the initiative was intended to provide affordable loans to the informal sector, which he described as “the backbone of Kenya’s economy.”
The case traces back to 1988 when KCB advanced a loan to Benjoh Amalgamated Ltd, secured by properties owned by the company and a 443-acre coffee esta...
The Central Bank of Kenya (CBK) reports that the 14 licensed microfinance institutions (MFBs) are finding it difficult to grow their lending portfolio...
HELB confirmed that first-time applicants now have until September 14 to apply. Continuing students, meanwhile, have until September 7, extended from...
The report highlights that in low-income countries the situation is even worse, with eight out of ten people lacking all three essentials: clean air,...
Among the worst financial mistakes highlighted was a disputed maize procurement contract that ended in arbitration, resulting in huge losses, with sev...
Fertiliser distribution to local stores was launched last year, but the board has yet to receive payment for the services rendered.
The Kenya Bankers Association (KBA) linked the latest decline to challenging economic conditions and an unstable macroeconomic environment.
The survey, covering March to May 2025, found that 11 per cent of farmers who borrowed from the Hustler Fund and 13 per cent who relied on microfinanc...
Prime Cabinet Secretary Musalia Mudavadi signed the deal on behalf of Kenya, while Mr Atsuo Kuroda, Chairman and CEO of Nippon Export and Investment I...
This comes even as most students reported that they have not received Helb funds released by the Ministry of Education on Tuesday, leaving many strugg...
According to Reuters, while the loan’s pricing and terms were not disclosed, the deal builds on a February 2024 agreement between Kenya and NEXI to de...
First-year students who reported to campuses on Monday, August 18, 2025, expressed confusion after many were unsure how much to pay following the gove...
Some students reported being asked to make upfront payments of up to Sh50,000 before admission, even as many await disbursement of loans from the High...
