Ask Sam
-
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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.…
Read More » -
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…
Read More » -
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…
Read More » -
Gen Z Anti-Tax Protests Forces Moody’s to Downgrade Kenya’s Rating to Caa1
Moody’s Ratings (Moody’s) has downgraded Kenya’s local and foreign-currency long-term issuer ratings and foreign-currency senior unsecured debt ratings to Caa1…
Read More » -
7 More DCPs Meet CBK Requisite Measures to Operate in Kenya
The Central Bank of Kenya (CBK) has licensed an additional 7 Digital Credit Providers (DCPs), bringing the total number of…
Read More » -
The Cost of Credit in Kenya is Getting Out of Hand
KCB Bank Group raised its base lending rate from 14.7% to 15.6%. But even after this hike, they’re still among…
Read More »
