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Kenyans defy Covid to save an extra Sh483bn Data from the Central Bank of Kenya shows that banking sector gross deposits closed in January at Sh4.03 trillion, translating to a 12 per cent jump from Sh3.55 trillion.

Kenyans skipping meals to service loans, says report : The Standard Seven per cent of all loans are being advanced by the digital apps

Central Bank writes to Banks and Micro-finance institutions about betting firms - Kenyan Wallstreet The Central Bank of Kenya has written to CEOs of all Commercial Banks and Microfinance Institutions concerning the betting firms whose licenses have not been renewed. A letter from CBK dated 15th July stated, “This is to bring to your attention that the Betting control and licensing board has not ...

Kenya Banking Sector Outstanding Loans & Advances Hits KSh2.5 trillion - Kenyan Wallstreet The banking industry has recorded tremendous growth in the last 15 years. A report by Kenya Bankers Association revealed that as at the end of 2018, the amount of outstanding loans and advances issued by Kenyan lenders stood at KSh2.5 trillion, equivalent to 52 per cent of Kenya’s real GDP. The am...

FSD Kenya appoints Tamara Cook as the new CEO - Kenyan Wallstreet FSD Kenya has appointed Tamara Cook as the new CEO to take over from David Ferrand who stepped down at the start of July. Tamara has a wealth of experience in international affairs having worked in over forty countries across the globe. She joined FSD Kenya in 2014 as the Head of Digital Innovations...

No CRB listing for loan defaulters before 6 months : The Standard Lenders have three months to comply with new guidelines that bar them from reporting mobile borrowers before the lapse of 180 days.

Kenya could use 3D printed houses to solve housing crisis - Kenyan Wallstreet One of Kenya’s main goals is to provide affordable housing to the many people who live in deplorable conditions. According to the United Nations Resident Coordinator for Kenya Siddharth Chatterjee, 3D printed houses could be the answer to the housing shortage. Speaking at a policy breakfast meetin...