Kenya’s Credit Reference Bureaus (CRBs) have dropped 337 digital mobile lenders and micro financiers from submitting details of loan defaulters in their platforms. This, the Central Bank of Kenya says is because the digital lenders are unregulated. ….
Remittances from Kenyans in the diaspora dropped in July to Ksh30.03 billion ($276.9 million) from Ksh31.28 billion ($288.5 million) sent in June. The figures are a representation of the aftereffects of COVID-19 pandemic across the ….
There has been no decline in the cash inflows from Kenyans in the diaspora as earlier projected, Central Bank of Kenya (CBK) maintains. Going by the latest statistical data by CBK, Kenyans abroad sent more ….
Stockpiled dollars by high-net-worth Kenyans and investors operating in Kenya have hit a record high of Ksh625.9 billion in a rush move inspired by coronavirus pandemic on the economy. The Central Bank of Kenya in ….
Kenyans servicing personal loans in commercial banks can heave a sigh of reprieve after commercial banks warmed up to the idea of extending the repayment period by one year owing to the effects of coronavirus. ….