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Ethiopia Bondholders Fault IMF Over Report on Solvency
The International Monetary Fund (IMF) is on the receiving end after it published a report indicating Ethiopia is facing liquidity…
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Africa Heads of State Convene in Ethiopia to Counterbalance Perceived Biases of Major Rating Firms
President William Ruto has strongly criticized global credit rating agencies for their unfair assessment of African economies, calling for the…
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Metropol Hosts Banks, MFBs to Discuss Effective ECL Implementation for Better Loan Pricing
The financial sector is witnessing a significant shift in how banks and microfinance banks (MFBs) assess credit risk, driven by…
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U.S. Bond Market Signals Warning for Overvalued Stocks
Equity investors, better known as shareholders may be overlooking cautionary signals from U.S. bond markets, as stocks are now close…
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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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