"loans" · 25 posts · 25 stories · 0 entities
After spending the week insisting all was well and accusing the media of “malicious and sensational” coverage, fresh details have emerged indicating that the National Bank of Kenya (NBK) is holding toxic loans that could leave it exposed. Documents available to the Sunday Nation detail how NBK is saddled with loans ru
It has now reached a point where we dont value education . News that 60,000 students will be locked out of HELB loans are not only sad but worrying . Many Bright students who qualify to University cant afford to pay fees and the HELB loan has been helping them . HELB CEO says that the amount of money HELB receives is
A recent report by Credit Info has revealed shocking details on Kenya's borrowing culture. According to the report, over 16 percent of Kenyans borrowed from multiple mobile loan lenders between late 2017 and early 2018. The report goes on further to indicate that an average Kenyan borrower has more than 7 mobile loans
Good evening Cyprian, big fan of your work. It has come to my attention that Kenyans are losing their hard earned cash on fake apps and Google forms from companies pretending to be offering online loans. They ask for money in the name of registration fee if you have to proceed for a loan application. As I write this,
According to Page. 3 of the Auditor Generals 's report that has been circulating on social media 1. KPA is collateral for the Chinese loan since it is referred to as a borrower in the agreement 2. The GoK waived sovereign immunity by signing the agreement 3. Agreement is biased as disputes would be referred to China
Higher Education Loans Board Chief Executive Officer Charles Ringera (Right) The government has written off loans of five state institutions totalling over Kshs. 27 billion. The list of state corporations, government agencies and other organisations whose loans were pardoned by the government include Kenya Airways (
[ad_1] Senator Mutula Kilonzo Jr Senators have piled pressure on the Higher Education Loans Board (HELB) to annul its decision to publish names and photos of loan defaulters in leading dailies. In a notice last week, Helb gave loan defaulters 30 days to commit to service their loans otherwise risk being named and sham
The National Treasury has paved the way for county governments to take loans either externally or internally to finance projects. Many counties have suffered because they have been unable to borrow. The state has made Public Debt and Borrowing Policy 2020 effective after it was approved by the Cabinet in March. Natio
Kenya is a criminal state with good laws but weak implementation. According to the laws of Kenya, every employee should take home at least 1/3 of his basic salary. This is after deduction of all statutory obligations and other deductions i.e the net salary/take home should be at least 1/3 of the basic salary. However
In the recently concluded commercial court ruling in the Ham Enterprises Vs DTB Uganda and DTB Kenya case, court ordered Diamond Trust Bank to pay Ham Enterprises all the monies that were illegally and fraudulently debited from the company accounts with an interest of 8% as penalty for the illegalities. This means that
Kenya has reached out to the International Monetary Fund ( IMF ) for the second time in less than six months for more loans to cushion the budget that has been ravaged by the Covid-19 pandemic. This will be the second loan after Kenya was given Sh79.3) billion in May to respond to the economic shocks caused by the pan
Tala CEO Ivan Mbowa Exactly last month, nyakundireport.com wrote about how Tala loans is struggling to get back its money lent to Kenyans after the Central Bank Of Kenya locked out over 330 unscrupulous mobile lenders from listing Kenyans on Credit Reference Bureaus (CRB). Well, after their incessant calling, where o
Mugo Kibati - Chief Executive Officer - Telkom Kenya Old habits die hard and as such, it is imperative to keep companies in check till things are corrected or done better. Telkom Kenya has recently learned the art of stealing from the don of thieves Safaricom Plc . Just like Safaricom, Telkom is now forcefully subscr
Running a small business in Kenya often comes with financial challenges, especially when you need quick cash to restock, cover unexpected costs, or grow your operations. Safaricom has introduced a simple solution through the M-Pesa Taasi Pochi loan. This service is designed for business owners using the Pochi la Biasha
Unaitas Sacco is one of the largest and most trusted savings and credit co-operatives in Africa. Licensed by the Sacco Societies Regulatory Authority (SASRA), it has grown into a financial powerhouse since its humble beginnings in 1993. With assets worth over Ksh 22.7 billion, Unaitas offers affordable loans, flexible
Kenya is once again eyeing the International Monetary Fund (IMF) for billions of shillings to keep the economy afloat. Prime Cabinet Secretary Musalia Mudavadi has quietly confirmed that the National Treasury is preparing to reopen talks with the lender. This comes barely a year after Nairobi failed to complete a previ
Digital lending platform Bora Credit, developed by Ceres Tech Limited, is battling a wave of renewed criticism from Kenyan users who claim that the platform has engaged in a series of manipulative financial practices, contrasting sharply with the company’s public narrative of providing secure, voluntary, and privacy-co
Kenya has formally reopened negotiations with the International Monetary Fund in a decisive move that underscores the depth of its fiscal strain. The government is seeking a new multi-year financing arrangement to plug a widening budget deficit while simultaneously pursuing privatization of key state-owned enterprises
Need quick cash in Kenya without the paperwork and bank queues? Tala, formerly known as Mkopo Rahisi, gives you access to mobile loans of up to Ksh 50,000 directly on your smartphone. The app works entirely online, requires no security or guarantor, and disburses funds straight to your M-Pesa account within minutes. Wh
Hello Cyprian. I am among the 26 people forced to retire in June 2015. I have served the National Bank of Kenya for over 25 years. I was sent forcefully retired with almost nothing. The one-third lump sum pension is what I used to clear bank loans which had been projected to be repaid within the normal retirement age o
Caption: Chase Bank chairman Zafrullah Khan who has resigned with immediate effect There's been little or no prudence in the management of our banks. With microscopic scrutiny into their books by the new CBK governor their financial health status was definitely going to change towards HDU if not ICU. Unsecured loans to
CAPTION: Frank Ireri the St. Mary's wanker. He bribes journalists to claim how he's a genius. Another alumni from the St. Mary's school of corruption is in the news, after fraudulently issuing loans contrary to Central Bank rules. Frank Ireri, the wanker with a fake British accent has apparently been abusing his positi
CAPTION: Frank Ireri operates Housing Finance like his personal property, dishing out loans to his family members, board and friends at his own discretion. These are the corporate thieves who've killed Kenya's banking sector. Housing Finance have decided on an out of court settlement with one of its former directors Ke
Dear Cyprian, I would rather remain anonymous, Our electricity bill has gone up, our fuel costs have gone up and mpesa and bank charges have been increased ostensibly to enable the Kenyan Government to pay for its massive loans. Massive loans procured to finance the infrastructure projects built and managed by the Chi
A KENYATTA University student has filed an affidavit suing the HIGHER LOANS EDUCATION BOARD for causing delays on comrades due to delayed remittance of the HELB which sustain comrades at school. The student has also co-sued Equity for failing to put Pressure on the Higher Education Loans Board to release the funds in
...la, formerly known as Mkopo Rahisi, gives you access to mobile loans of up to Ksh 50,000 directly on your smartphone. The app works entirely online, requires no security or guarantor, and di...
...ple performance failures. As Kenya returns to the IMF for more loans, which form the centre of its fiscal strategy, the country faces renewed scrutiny over debt sustainability, reform credib...
...ra Credit under fire for coercive lending, sending unsolicited loans, and harassing borrowers to repay inflated sums. Ceres Tech Limited, the Nairobi-based company behind Bora Credit, has ma...
...missed targets, and a strained economy. Kenya’s return to IMF loans shows the government’s financial desperation. Ruto faces a choice between more debt with tough conditions or risking econ...
...assets worth over Ksh 22.7 billion, Unaitas offers affordable loans, flexible savings products, and investment opportunities to individuals, groups, and companies. Many Kenyans join to enjo...
...u need to know. Understanding how to access M-Pesa Taasi Pochi loans The M-Pesa Taasi Pochi loan is a credit facility tailored for small business owners who rely on Pochi la Biashara. It all...
...Later has partnered with Telkom Kenya to provide Kenyans with loans for Mobile phone purchases. My point is, that it can only mean that Kenyans are going to get scammed a big one. Eric Muli...
...eepening financial inclusion. Eligible customers can apply for loans ranging from KES 50,000 to KES 3 million, without providing collateral or a guarantor. The platform offers flexible loan...
Eustace Nderitu, founder of Solani Tours Limited, shares his experiences with taking loans, losing millions, and the lessons he's learned along the way.
...e been a long-standing issue, with the firm relying heavily on loans from its parent company to stay in operation. The firm's latest filings reveal that loans from Bharti Airtel Kenya BV inc...
...rt was first published on 8 January 2022. ## Hooked on Digital Loans? A Financial Expert's Advice As the economic situation in Kenya continues to be challenging, many people have turned to d...
...reaffirmed his administration's commitment to pursuing Chinese loans to drive development goals. Speaking in an interview with a local television station, Buhari emphasized that his governme...
...ions of Kenyans from being blacklisted for defaulting on small loans. According to the proposed Digital Credit Providers Regulations, 2021, mobile digital lenders will only forward names for...
...es grow by lending them up to Ksh 3 billion in subsidized bank loans. However, Muriithi expressed concern over the low loan uptake, citing lack of trading licenses, CRB listings, and cash fl...
...l has been made to the government to support the youth through loans to invest in meaningful projects, as a solution to the country's soaring unemployment rates. Thika MP Patrick Wainaina an...
...the latest commercial bank to enter Kenya's competitive mobile loans space, offering short-term mobile loans to tap into the mass market. The product, dubbed PrimeKopa, will be available on...
...hed PrimeKopa, a mobile lending service that offers short-term loans to customers. The service allows borrowers to access loans ranging from Sh5,000 to Sh150,000 with repayment periods betwe...
...lives of Kenyans. One of the key promises is the provision of loans to newlywed couples, with Dr Mutua assuring that his government will offer loans of between Sh500,000 and Sh1 million to...
...of the key achievements of the bank in 2020 was restructuring loans worth Ksh40 billion, extending repayment holidays to 7,203 clients, and lowering interest rates, which saved customers Ks...
...lfred Mutua has promised to provide newly married couples with loans of between Sh500,000 to Sh1 million to build new homes if elected president in 2022. Launching his manifesto, which mainl...
...to give newly married couples between Sh500,000 to Sh1 million loans to build new homes if elected president in next year's elections. Mutua, who is also the Machakos Governor, made the pled...
...ited, made a significant move by reducing the interest rate on loans to smallholder tea farmers to 8 percent, down from 21 percent. According to KTDA Holdings Chairman David Ichoho, the redu...
The European Investment Bank has loaned $56 million to Kenya's Co-operative Bank to support Small and Medium Enterprises (SMEs) affected by the COVID-19 pandemic.
...hip with Stanbic Bank Kenya and Ecobank Kenya to offer annuity loans to its policyholders. The partnership aims to provide policyholders with annuity covers access to tailor-made credit, as...
...ders with annuity covers will not only have access to personal loans but also medical insurance through GA Insurance's Hadhi Health Plan, specifically designed for senior citizens. Speaking...
