The National Cereals and Produce Board (NCPB)
is now seeking for an interest rate waiver on a Ksh.4.5 billion loan it
obtained five years ago to finance the importation of subsidised fertiliser.
The loan has since ballooned to Ksh.7
In 2020, NCPB embarked on the implementation of a new
Flower buyers have been forced to dig deeper into their
pocket to buy the much demand cut flower to ensure lovers have two hearts that
beat as one the country joins the rest of the world to mark Valentine’s Day.
Supply of flowers this year has decreased in
Central Bank of Kenya (CBK) Governor Dr. Parick Njoroge is now calling for all commercial banks to apply a uniform lending model which will enable assessment of eligibility of borrower to access credit.
In the wake of the toppling economy, alongside a hard cry by Kenyans
Hope for cheaper loans to Kenyans received a further boost on Monday when Central Bank of Kenya’s (CBK) Monetary Policy Committee (MPC) lowered the lending rate to 8.25 percent from 8.50 percent.
This is the second consecutive time the benchmark lending
rate has been lowered since the
Cabinet Secretary for National Treasury
Ukur Yatani on Wednesday hinted at a lower budget for the financial year
In what appeared to be a damning assessment of his predecessor, Henry Rotich’s handling of the national budget, Yatani said the country will now have to prepare its