The International Monetary Fund has called on the Kenya Kwanza administration to develop new tax policies to unlock billions of dollars in loans.
The fresh call comes in the wake of recent turmoil, including widespread protests led by Gen Z activists against IMF-backed tax measures that resulted in dozens being killed by police.
CBK data reveals a competitive landscape among Tier-I banks, particularly regarding long-term loan offerings, with interest rates generally ranging between 13-18 per cent.
CBK has lowered its key interest rate to 12.75% from 13% in a bid to spur credit uptake, as banks have been freezing loans amid a deteriorating economic environment.
Asset Finance allows farmers to acquire machinery using the assets as collateral
Higher Education Loans Board (HELB) Chief Executive Charles Ringera said that birth certificates are being used in situations where there is a delay in issuance of national identity cards (ID).
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