Tag: CBK
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Kenyans take more loans despite high lending rates
Kenyans are borrowing more money from commercial banks despite high lending charges. The rates that stand at an average 16 percent have been blamed...
Kenya?s apex preserves benchmark interest at 8.5 percent
Kenya's central bank (CBK) on Wednesday retained the benchmark lending rate known as Central Bank Rate (CBR) rate at 8.5 percent, saying there were...
Kenya’s apex bank monitors forex market
The Central Bank of Kenya (CBK) said Tuesday it's closely monitoring the developments in the foreign exchange market after the local currency weakened further...
Banks interest rates in Kenya hit new low
Lending charges in Kenya have dropped to a new low as commercial banks bring them down, albeit slowly, following the implementation of a loan-pricing...
Kenyan banks chase after loan seeking individuals
by Bedah Mengo
While seeking to take his two sons to secondary school in Kenya three weeks ago, government worker Fred Anyona scouted in...
