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Jimmy Mbogoh

Jimmy Mbogoh

151 Articles
Small traders say loan interest rates remain high despite private sector credit growth
August 28, 2026 10:41 (EAT) • 1 week ago

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.

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Kenya Airways losses surge to Ksh.16.1B up from Ksh.12.2B
August 25, 2026 09:11 (EAT) • 1 week ago

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.

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CBK signals on-site inspection of banks' credit pricing model from March 2027
August 21, 2026 06:43 (EAT) • 2 weeks ago

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....

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Kenya's banking sector records growth as assets rise to Ksh.8.35 trillion
August 20, 2026 07:45 (EAT) • 2 weeks ago

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...

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CBK says Kenya has enough forex reserves amid El Nino, Middle East conflict
August 13, 2026 08:06 (EAT) • 3 weeks ago

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.

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Vision 2030 at 66%: What went wrong and what lies ahead?
August 12, 2026 10:00 (EAT) • 3 weeks ago

Vision 2030 at 66%: What went wrong and what lies ahead?

The State Department for Economic Planning says the country has made significant gains, particularly on the political pillar. But it is the economic pillar that remains the biggest stumbling block, with the target of 10 per cent annual economic growth still out of rea...

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Kenya Re bosses deny claims of poor governance, harassment in removal petition
July 28, 2026 10:52 (EAT) • 1 month ago

Kenya Re bosses deny claims of poor governance, harassment in removal petition

In court documents seen by Citizen TV, the two, through their lawyer Peter Wanyama, argue that the petitioner failed to exhaust the dispute resolution mechanisms provided under various laws before moving to court.

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Fresh petition filed to remove Kenya Re CEO Hillary Wachinga over mismanagement, staff harassment claims
July 24, 2026 10:41 (EAT) • 1 month ago

Fresh petition filed to remove Kenya Re CEO Hillary Wachinga over mismanagement, staff harassment claims

Behind the polished facade of Kenya Reinsurance Corporation, a turbulent picture is emerging. It is a picture marked by allegations of mismanagement, harassment of employees, misuse of corporate finances, and an alleged reign of terror imposed by senior officials who invoke the names of senior and p...

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2.4 million Kenyans risk falling into poverty by end of December 2026 - World Bank
July 09, 2026 10:32 (EAT) • 1 month ago

2.4 million Kenyans risk falling into poverty by end of December 2026 - World Bank

In its latest edition of the Kenya Economic Update, the World Bank said its microsimulation estimates suggest the poverty rate could increase by between two and 4.5 percentage points in 2026.

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CBK retains lending rate at 8.75% despite rising inflation
June 10, 2026 08:02 (EAT) • 2 months ago

CBK retains lending rate at 8.75% despite rising inflation

According to Central Bank Governor Kamau Thugge, who also chairs the Monetary Policy Committee, the conflict in the Middle East has disrupted global supply chains, leading to higher energy prices and transportation costs, which have in turn pushed up inflation.

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