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Ratings Bias Costs Africa Billions of Dollars, Says Standard Bank CEO
African countries face higher costs of financing because of inflated risk perceptions from credit-ratings companies, the head of the continent’s…
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Regulators and Experts push for Adoption of a Credit Rating culture
Financial sector regulators and experts at the Africa Credit Rating Conference 2024 have called for the adoption of a credit…
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CS Muturi Officially Launches Customer Service Week at Nairobi’s Huduma Centre
Public Service Cabinet Secretary Justin Muturi officially inaugurated this year’s Customer Service Week at the Huduma Centre, GPO, in Nairobi,…
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IMF Team in Kenya to Assess Economic Risks of Tax Protests
An International Monetary Fund (IMF) delegation has arrived in Kenya to assess the economic fallout from a recent court ruling…
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S&P Downgrades Kenya’s Rating to B-
S&P Global Ratings downgraded Kenya’s credit score after the government nixed controversial tax hikes meant to address fiscal imbalances. The…
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Rising Interest Rates Trigger Surge in Loan Defaults Among Kenyans
The first half of 2024 has seen an increase in loan defaults in Kenya, driven by rising interest rates that…
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Reasons Why CRBs Don’t Blacklist Borrowers Anymore
The term “blacklist” has become obsolete in Kenya’s credit market, following major transformations within the Credit Reference Bureaus (CRBs). This…
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Fitch Downgrades Kenya’s Long-Term Foreign-Currency Rating to ‘B-‘
Fitch Ratings has downgraded Kenya’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-‘ from ‘B’, while maintaining a Stable Outlook.…
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Government Hints at Working with CRBs to Better Hustler Fund
The Kenyan government has hinted at working with Metropol Credit Reference Bureaus (CRB) in the near future to better the…
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GCR Upgrades ShafDB’s Long, Short-term Issuer Ratings to B
South African rating agency GCR, has upgraded Shelter Afrique Development Bank’s (ShafDB) international scale long issuer rating to B from…
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