The weighted average interest rate rose to 4.6 percent in the year to June 2024 from 3.2 percent a year earlier.

CEO Raimond Molenje welcomed the move by lenders to reduce loan fees, explaining that it's part of the commitment to economic ...

Several Kenyan banks are lowering their lending rates following the Central Bank of Kenya’s (CBK) decision to cut the Central ...

Kenya's central bank cut its main interest rate for the fourth meeting in a row on Wednesday, saying it wanted to do more to ...

Kenya's public debt management has been severely impacted by high interest rates both globally and in the domestic market, according to the Medium-Term Debt Management Strategy (MTDM) tabled in ...

KCB Bank branch along Mama Ngina Street in Nairobi. The bank has cut its base charge on loan by a percentage point to 14.6 ...

Kenya’s central bank cut the benchmark interest rate to an almost two-year low as benign inflation allowed it to prop up its ...

CBK Monetary Policy Committee (MPC) urged commercial banks to reflect the base interest rate change in their loan interest ...

This is the 3rd time that Equity Bank has reduced its lending rate within the last six months. It had reduced its rate in Sep ...

Lowering interest rates is expected to trigger increased economic activity, allowing businesses to grow. There is no denying ...