Mass default fears as CBK loan rate hits 11-year high

The Central Bank of Kenya in Nairobi.

The Central Bank of Kenya in Nairobi. 

Photo credit: File | Nation Media Group

By  Patrick Alushula

Business Reporter

Nation Media Group

The Central Bank of Kenya (CBK) has increased the benchmark lending rate to levels last seen 11 years ago to curb inflation and support the battered shilling, elevating the risk of loan defaults for individuals and businesses.

Read more HERE

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. Fuel pump

    Fuel prices drop by Sh1 in Epra May review

  2. School fees increase.

    St Bakhita parents sue over fee increment

  3. CIC maintains dividends on record Sh1.44bn profit

In the headlines

View All