Non-performing loans 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...
Although more counties are releasing additional budget reports, the quality and comprehensiveness of these reports are not keeping pace.
A Senate Public Accounts Committee report based on the Auditor General’s 2023–24 audit showed that 36 counties had breached the legal ceiling on wage...
The highest loan was held by former Kuscco managing director George Ototo at Sh103.11 million. Former finance manager George Owino had borrowed Sh17.9...
Beneficiaries can now use the WorldRemit platform to settle their student loans from anywhere in the world.
The final budget released to HELB by the National Treasury is earmarked for a predetermined number of students in universities and TVET institutions u...
The plans would be the first known instance of Saudi Arabia providing financing for Syria since Islamist-led rebels toppled former leader Bashar al-As...
HELB has processed over 109,000 funding requests from new students that had been delayed due to a High Court ruling in December 2024, which temporaril...
The CS pointed to the misuse of short-term loans to fund long-term projects as one of the key mistakes that plunged the country into its current econo...
According to the KMTC CEO, the lack of funding placed a significant burden on students, particularly those from disadvantaged backgrounds.
The report highlights that most borrowers seek these loans for survival rather than investment.
In February 2025 the lending margin rose to 6.65 percent, up from 6.59 percent in January and 6.44 percent in December.
HELB has periodically introduced such waivers to encourage loan repayment among former beneficiaries who have struggled to meet their financial obliga...
Treasury Cabinet Secretary John Mbadi revealed that these unutilized funds continue to accrue commitment and interest fees.
Teferra reaffirmed the IMF's commitment to deploy the Extended Fund Facility, Extended Credit Facility and Rapid Credit Facility programmes to support...
Monari takes over from Charles Ringera, whose decade-long tenure ended in December last year.
Slightly over one-third of Kenyans have increased their borrowing, a trend that aligns with rising living costs and delays in income.
Legislators questioned the Treasury’s commitment to reducing public debt and adhering to its own policies.
It was found that the department has no internal information management system to handle loan records, disbursements, repayments, withdrawals of savin...
The Commodities Fund recorded the highest loan defaults, writing off Sh12.36 billion in loans extended to sugar companies.
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.
Inyangala warned that students and their families, particularly those from middle- and low-income backgrounds, would bear a greater financial burden.
These loans, arguably, help the country address challenges such as budget deficits, maintaining public debt sustainability and alleviating foreign exc...
The revelation underscores the cash flow pressures the government faced leading up to the 2024 tax proposals that triggered countrywide protests.
In its latest assessment of the 2025/26 budget proposals, the PBO called for urgent measures to ensure the efficient use of borrowed funds.
The move follows amendments to financial sector laws late last year when the President signed the Business Laws (Amendment) Bill into law.
This announcement follows the CBK's latest reduction of its benchmark lending rate by 50 basis points, bringing it to 10.75 per cent from 11.25 per ce...
The CS confirmed the release and noted that each student will receive between Sh40,000 and Sh60,000.
