Co-op Bank Slashes Base Lending Rate by 2 per cent.
Cooperative Bank customers can now smile all the way to the bank after the leading lender announced that it was slashing its lending rate by 2 per cent. In a…
CBK Cuts Lending Rate by 50 Basis Points, Boosting Hopes for Cheaper Loans
The Central Bank of Kenya (CBK) has cut the benchmark interest rate by 50 basis points to 10.75 per cent. This marks the fourth consecutive rate cut. “Lower the Central…
Kenya Seeks New IMF Lending Deal Amid Budgetary Shortfalls Says CS Mbadi
The government is exploring the possibility of securing another loan programme with the International Monetary Fund (IMF) just two months before the end of the current program. Treasury Cabinet Secretary…
Kenyan Banks Agree to Lower Lending Rates After Pressure from Central Bank Directive
Just two days after the Central Bank of Kenya (CBK) issued a directive urging banks to lower their lending rates, banks have finally given in to the pressure. In a…