PRIME Bank loans, deposits spread hits nine-year high This is the highest spread since August 2016, when the gap reached 11.29 percent just before Kenya introduced lending caps to tame the cost of credit.
PRIME How investors, economy swayed to Raila’s rhythm In Kenya, politics and the economy are never wholly separate. But few public figures embodied that fusion better than Raila, whose calls sometimes were viewed as the unofficial economic barometer.
PRIME Small traders outperform large firms in tax returns Small traders that filed returns increased to 45,130 from 38,518, pointing to a rise tax discipline among the so-called “hustler” enterprises which have been nabbed under President William Ruto’s...
PRIME CBK withholds Treasury dividends first time in 7 years The withholding of dividends comes in a period when the Treasury has refrained from imposing new taxes or increasing existing ones after deadly protests in 2024 against the State’s...
PRIME CBK lowers inflation forecast to below 5pc on easing consumer prices The inflation forecast will give CBK more room to cut its benchmark interest rate further if deemed crucial to stimulating credit growth to the private sector.
PRIME Banks urge CBK to cut rate to unleash cheaper loans KBA note comes ahead of the CBK Monetary Policy Committee meeting on October 7.
PRIME CBK in plan to compensate victims of digital fraud The CBK has identified the lack of clear recourse mechanisms for digital wallets as an issue that needs to be addressed.
PRIME CBK to intensify checks on banks for new loan model compliance Lenders risk an additional daily penalty of up to Sh100,000 for every case or implying for each loan account, with the executives liable for a Sh1 million fine.
PRIME Shift as new EAC mergers, competition rules go live from November 1 Mandatory notification will apply to transactions in which the merging entities intend to carry out business in at least two EAC member states.
PRIME Number of new bank branches hits 9-year high on customer drive The rise in bank branches has sustained the growth of jobs in the banking industry, with estimates suggesting it takes at least 50 employees to run one banking hall.
PRIME Two banks stuck with Sh5.2bn Libor-era loans The publication of the synthetic Libor rates ceased at the end of September 2024, marking the final milestone in the transition away from the rate.
PRIME Kenya deals value falls to Sh3bn for the first time In East Africa, trailing Kenya was Uganda with four deals in 2025 valued at Sh1.29bn from five deals for an undisclosed amount in the year before.
PRIME Banks step up recovery efforts as bad loans grow by Sh7bn in April Banks have become more aggressive in selling pledged collateral to recover their money with increased auctioneer actions advertised in public media.
PRIME IFC, StanChart in Sh38bn regional trade financing In Kenya, access to credit has been a problem for micro, small and medium sized enterprises (MSMEs) over the years, largely due to the perception by lenders that they carry a higher risk of default.
PRIME SA roots for relaxed global bank rules for African lenders Standard Bank CEO Sim Tshabalala says there is a pressing need for Africa’s banks to step in and plug the continent’s $85 billion infrastructural gap.
PRIME CBK extends hours for real-time transfers system CBK says the new schedule will hold true on all business days with the exception of public holidays and weekends.
PRIME Banks intensify auctions as bad loans hit Sh717bn By March, banks had lent Sh4.12 trillion - up just 0.6 percent from December - signaling a lending slowdown amid rising defaults.
PRIME Banks’ lending margin drop to 6.4pc as rates decline Due to sustained pressure from the CBK, most banks have been lowering their lending rates in line with the policy cuts.
PRIME Why the World Bank sees risks in rapid CBR cuts Lender warns of risk of inflation and exchange rate volatility, on the back of global economic uncertainty after the US tariffs.
PRIME Private sector deals rise at fastest pace in 10 months on better cash flow The overall positive performance, however, failed to trigger hiring, which remained subdued.
PRIME Story withdrawn The story has been withdrawn for incorrectly comparing the ongoing amendments with an older KDIC Act of 2012 that addresses compensation for holders of multiple bank accounts. The updated Act...
PRIME Consumers win as internet service providers battle for market share Airtel has more than halved the pricing for its monthly data packages while making additions to the service offerings.
PRIME CBK cuts lending rate to 10.75pc to boost private sector credit It has reduced the cash holdings requirement for banks to 3.25 percent.
PRIME Value of Kenya mergers and acquisitions hits Sh67bn despite lower volumes In East Africa, trailing Kenya was Uganda with 12 deals in 2024 valued at $225 million from 10 deals worth $123.1 million in the year before.
PRIME Banks end 2024 in rare lending pullback This has been a rarity for the banking industry, which hasn’t registered a loan book contraction for at least 17 years.
