CBK lowers interest rate

By CW WriterThe Central Bank of Kenya has announal ced lowering the interest policy rate further to 7%, the lowest level in nine years, seeking to ease monetary controls and boost credit levels in the economy.This is the fourth…
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CBK to spend Sh100bn in bailing out SMEs

By CW Correspondent The Central Bank of Kenya (CBK) says it is working with member banks on a scheme to cushion micro, small and medium enterprises (MSMEs) against shocks arising from the Covid-19 pandemic. According to the reserve…
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Digital lenders open to scrutiny

By Steve UmidhaFor the past few years, Kenya’s fintech ecosystem has remained the apple of borrowers’ eyes, pouring millions of shillings in short-term loans and making it the hottest and probably the most insane investment activity in…
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