Jimmy Mbogoh

33 banks contribute 8% of Kenyan Gov’t revenue: Report

The contribution comprises Ksh.98.36 billion in taxes borne and Ksh.107.22 billion in taxes collected on behalf of government.The growth now means that of all the taxes collected in the country, 33 banks accounted for 8 per cent.

Nedbank completes acquisition of controlling stake in NCBA Group

The transaction, which follows the receipt of required regulatory approvals, signals Nedbank’s confidence in the region’s financial services sector and is expected to unlock new opportunities for NCBA’s customers, employees and shareholders.

More than half of Kenyan Gen Zs struggling to meet financial needs - Report

According to the latest report by credit reporting agency TransUnion Kenya, households are being forced to seek additional sources of income, adjust spending patterns and carefully manage debt commitments.

Gov't develops oil and gas communication strategy to address community mistrust

Speaking during the validation workshop for the strategy, stakeholders emphasised the need for communication that reflects local realities rather than relying on a uniform national messaging approach.

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.