Importers Brace for Tough Times as Import CBM Rates Soar
Kenyan traders, particularly those who import goods from China, are set to experience tough times over a potential increase in customs clearance costs at the port of Mombasa. A noticeable…
Low interest rates, reforms spur high loans to coffee farmers – Kenya News Agency
Around 500 small scale farmers drawn from 27 counties out of 32 coffee growing regions, have borrowed Sh6.7 billion from the Coffee Cherry Advance Revolving Fund. This is thanks to…
Kenya’s External Debt Reaches Ksh5.60 Trillion Amid Rising Interest Rates
President William Ruto will continue to witness holes in his budget as high interest rates hit Kenya’s borrowing appetite. This comes as a report from the World Bank notes that…
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…