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Finance & Markets

Kesonia, the new CBK rate to rule them all

Kenyan banks have been given just two days to review loan interest rates on shilling-denominated debt in line with a new benchmark anchored on the overnight interbank average rate, now renamed the Kenya Shilling Overnight Interbank Average (KESONIA). CBK announced Banks have
August 27, 2025

Banks fund duka inventory to kick start borrowing

Traditional Kenyan dukas, the neighbourhood shopfronts, are the leading lenders to the economy, giving out products on buy now, pay later basis that allows wage earners to align their pay cycles to pressing household needs. Shopkeepers rank just behind saccos and chamas
August 18, 2025
CBK Governor Dr Kamau Thugge

Earning season, when banks stop lending

Bankers are set to announce half-year results this August, which may reflect a fragile recovery, with profitability stabilized by lower provisions and selective sector growth. Interest margins have been compressed and slow transmission of interest rate cuts will cap upside. Analysts will
August 5, 2025
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