Promise and pitfalls for Kenya’s banks call for new credit pricing

The Central Bank of Kenya in Nairobi.

The Central Bank of Kenya in Nairobi.

Photo credit: File | Nation Media Group

A recent proposal submitted to the Central Bank of Kenya (CBK) by the Kenya Bankers Association (KBA), which could fundamentally reevaluate credit pricing in one of Africa's most significant economies, may potentially result in changes to loan prices across the country.

Over the past years, the credit system in Kenya has suffered due to a lack of consistency and structure, stunting growth in confidence and competitiveness.

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