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A new report by the Central Bank of Kenya (CBK) shows that the 14 microfinance banks (MFBs) under its supervision have been unable to expand lending, forcing them to sell loans to commercial banks while slowing down issuance of fresh credit in order to manage risk.
The Parliamentary Budget Office also dismissed government’s optimistic projections, saying growth will only reach 4.8 per cent this year, lower than the Treasury’s forecast of 5.3 per cent.
Controller of Budget, Margaret Nyakang’o warned that delayed payments by State Corporations and government agencies are squeezing small and medium businesses that depend on timely government contracts.
Domestic lenders accounted for the bulk of debt service in the year under review. Of the Sh1.7 trillion spent on public debt, Sh992.4 billion went to domestic creditors, with interest payments forming the largest share.
Data shows that the Madaraka Express earned Sh2.068 billion between January and June, an 11.65 percent increase from Sh1.85 billion over the same period in 2024.
Projects let you organize chats with the company's AI assistant around a specific subject, and were previously one of several privileges only enjoyed by paid subscribers.
Kebs argues that Kiscol’s financial position raises doubts about its ability to meet potential costs should its suit be dismissed.
The launch, themed “Awe Dropping,” will begin at 8 pm Kenyan time and will be available on Apple’s website and YouTube channel, with local fans expected to follow closely.
Under the programme, the Affordable Housing Board will retain ownership of the houses for the first nine years, overseeing their upkeep and ensuring the developments gain value over time.
National Treasury Cabinet Secretary John Mbadi has made it clear that no public office will be allowed to procure goods or services outside the system.
The Auditor-General’s report shows uncollected taxes have surged to Sh2.3 trillion, more than double the Sh999.6 billion reported last year.
The system, known as the Daraja Fibre Optic Cable, promises to deliver greater internet speed, stability, and capacity than existing infrastructure.