Digital credit services will be required to disclose interest rates, late payment and rollover fees before issuing the loans. [Photo: REUTERS/Thomas Mukoya]

New Rules for Loan Apps as CBK Sets Compliance Deadline

With the new regulatory framework, they will be required to disclose interest rates, late payment and rollover fees before issuing the loans. The...

MARTIN SIELE

Manufacturers and traders who will feel the pinch of the increased transport costs could also pass on the cost to consumers. [Photo/ KARA]

BUSINESS ECONOMY

Fuel Hike: Transporters Increase Charges in Response

The move by KTA came barely a day after the Energy and Petroleum Regulatory Authority (EPRA) announced the increase of fuel costs across...

MARTIN SIELE

The boda boda sector in Kenya stands at a crossroads. [Photo/ Capital FM]

BUSINESS ECONOMY

Boda Boda: What Next for Troubled Multi-Billion Sector?

The industry has employed thousands and continues to sustain livelihoods while offering Kenyans more mobility options, but many feel as if the riders...

MARTIN SIELE

Central Bank of Kenya (CBK) Governor Patrick Njoroge.

BUSINESS ECONOMY

Brace For Expensive Loans As CBK Lifts Freeze On Costs

The Central Bank of Kenya (CBK) has lifted the freeze on loan costs cap, spelling the beginning of expensive loans. As a result,...

BT Reporter

ECONOMY

Pain In The Kitchen As Cooking Gas Prices Soar

Kenyans will pay more for liquified petroleum gas (LPG) in the coming days, even as taxation, freight and landed costs push up the...

BT Reporter

CBK Governor Dr. Patrick Njoroge at a past press conference. The CBK has published the National Payments Strategy 2022-2025. [Photo/ KNA]

CRYPTOCURRENCY ECONOMY

CBK’s Nod to Crypto in New Payments Strategy

The strategy paints a picture of the evolution of payment systems in Kenya from the introduction of the first Automated Teller Machine (ATM)...

MARTIN SIELE

BUSINESS ECONOMY

Absa Bank, AGF Unveil Ksh1.25 Billion Fund to Unlock Credit for SMEs

Absa Bank Kenya Plc and African Guarantee Fund (AGF) have inked a Ksh1.25 billion Loan Portfolio Guarantee Facility to boost credit accessibility for...