CBK clears 33 banks for risk-based loans

Absa Bank along Muindi Mbingu Street in Nairobi. The bank said it would implement the risk pricing model in the second half of 2023. FILE PHOTO | EVANS HABIL | NMG    

By KEPHA MUIRURI More by this Author

The Central Bank of Kenya (CBK) has given the nod to 33 out of 39 commercial banks to implement lending to customers based on their risk profile.

Mutually reinforcing crises have worsened the global employment divid

GENEVA (ILO News) – Mutually reinforcing crises, including rising debt levels, are...

May inflation climbs to 8pc on rising food, energy costs

Packets of sugar being sold at a Naivas Supermarket, Nairobi on May 16, 2023. PHOTO | BONFACE BOGITA | NMG    

By KEPHA MUIRURI More by this Author

The cost of living measure increased slightly in May by 0.1 percent on soaring food, energy and transport costs.

DTB hires 382 more staff, eyes bigger regional market growth plan

A customer at a Diamond Trust Bank (DTB) ATM machine at Garden City Mall in Nairobi. FILE PHOTO | NMG   

By EDNA MWENDA More by this Author

DTB Group saw its staff count rise by 382 as the Kenyan banking multinational continued with its regional expansion strategy, with most of the new jobs added in Kenya.

Court now clears way for Imperial Bank liquidation

Imperial Bank Likoni branch in Mombasa. FILE PHOTO | KEVIN ODIT | NMG   

By SAM KIPLAGAT More by this Author

The Court of Appeal has suspended a decision rendered last November stopping the

Executive degrees the next warfront for universities

Executive Master’s degree programmes are being fronted as the untapped revenue streams for public universities to venture into in efforts to dig themselves out of a debt hole crippling their operations. FILE PHOTO | SHUTTERSTOCK    

By LYNET IGADWAH More by this Author

Executive Master’s degree programmes are being fronted as the untapped revenue streams for public universities to venture into in efforts to dig themselves out of a debt hole crippling their operations.

Kenya hits 60 with back-breaking debt

A man stares steadfastly at the Kenyan flag with fish and tomatoes tied at the tip of the pole. FILE PHOTO | NMG   

By DOMINIC OMONDI More by this Author

Kenya marks its 60th birthday today (Thursday) with more than 60 percent of her economy mortgaged to foreign and domestic creditors.