DP Prof. Kithure Kindiki/photo file

DP Kindiki hails CBK rate cut as signal of economic recovery

Deputy President Kithure Kindiki has welcomed the Central Bank of Kenya’s (CBK) latest move to lower its base lending rate, describing it as a clear indication that Kenya’s economy is regaining stability after years of depression. The CBK reduced its benchmark lending rate by 25 basis points, bringing it down to 9.5 percent. This is…

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Central Bank of Kenya offices/photo file

MSMEs lending shrinks as High Credit Costs and Collateral demands bite

Kenya’s micro, small, and medium-sized enterprises (MSMEs) are facing a credit crunch, with loan approvals dropping by 13 per cent over two years due to rising interest rates and rigid collateral requirements. This is according to the Central Bank of Kenya’s (CBK) 2024 Survey Report on MSME Access to Bank Credit, released in June 2025….

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