Jimmy Mbogoh

Controller of Budget flags record Ksh.209B unbudgeted Gov't spending

In the 2025/2026 financial year, a record Ksh.209.37 billion was approved by the Office of the Controller of Budget, comprising Ksh.21.47 billion for development expenditure and Ksh.187.90 billion for recurrent expenditure.

7 in every 10 working Kenyans are not ready for a comfortable retirement - report

AfCRA outlines new methodology for rating Africa’s credit risk

For the first time, African countries will have an opportunity to interact with their credit rating agency both virtually and physically.They will be able to input their data into the AfCRA portal after being granted access, with the data expected to be used as part of the total analysis in assessin...

New Africa credit rating agency seeks to lower borrowing costs

The launch follows a process that began in 2017 and seeks to provide African countries with an additional assessment of their credit risk profile, amid years of high borrowing costs and debt distress.

CBK approves 29 more digital lenders

The move comes after the licensing of another 25 digital credit providers in July, further expanding the number of lenders operating under CBK's oversight.

Small traders say loan interest rates remain high despite private sector credit growth

The disconnect is particularly pronounced among small and medium-sized enterprises, which claim they are yet to see a meaningful increase in access to credit despite the adoption of risk-based credit pricing.

Kenya Airways losses surge to Ksh.16.1B up from Ksh.12.2B

The airline saw its assets depreciate from Ksh.183 billion in the first half of 2025 to Ksh.180 billion in the first half of 2026. The airline blames the performance on geopolitics, high fuel cost and declined capacity.

CBK signals on-site inspection of banks' credit pricing model from March 2027

The latest data from the CBK shows that credit to the private sector remained strong at 10.2 per cent in July 2026, a slight slowdown from the 10.6 per cent recorded in June 2026, but a complete reversal of credit growth from the -2.9 per cent recorded in January 2025....

Kenya's banking sector records growth as assets rise to Ksh.8.35 trillion

According to the Kenya Bankers Association's State of the Banking Industry Report, total banking sector assets increased by 10.3 per cent to Ksh.8.35 trillion, reversing the 1.6 per cent contraction recorded in the previous year.The recovery was accompanied by broad-b...

CBK says Kenya has enough forex reserves amid El Nino, Middle East conflict

According to CBK Governor Kamau Thugge, Kenya's usable foreign exchange reserves currently provide about 6.2 months of import cover, well above the four-month minimum recommended level.