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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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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…
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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…
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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…
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KCB Bank Raises its Base Lending Rate to 15.6%
The Kenya Commercial Bank (KCB) has announced an upward revision of its base lending rate to 15.6% per annum. The…
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What it Means as Kenyan Banks Adopt Risk Based Pricing Model
Commercial banks in Kenya have received approval to advance in Risk-Based Pricing, in what is seen as a measure to…
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Metropol Hosts Mobile Lenders on Data Sharing, Privacy in Credit Market
Metropol Credit Reference Bureau (CRB) hosted the Digital Credit Providers Breakfast Meeting in Nairobi where stakeholders stressed the need for…
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