debt

18 Articles
Mumias Sugar factory
FEATURED STORY

Mumias Sugar seeks Sh1.5b bailout

Mumias East MP Benjamin Washiali says the proposal is already with National Treasury Cabinet Secretary Henry Rotich, who is expected to approve it

FEATURED STORY

IMF warns Kenya over piling debt

Kenya's public debt has been on an upward trend in recent years, rising to Ksh 4.4 trillion by the end of September from...

FEATURED STORY

Rotich: Moody’s possible downgrade is ‘desk analysis’

Cabinet Secretary now says that the country only has a contract with Standard & Poor’s (S&P) and Fitch to periodically gather data from...

SMART MONEY

Why Kenya’s rich are also crying

Most of them are living on the edge but pretend to be doing well - they survive on borrowed money with no idea...

SMART MONEY

Questions you must ask before you guarantee a loan

Before you guarantee a loan, ask the credit provider the following questions. Q. What type of loan am I guaranteeing? Be very careful...

SMART MONEY

What to do when you can’t pay back money borrowed from a friend

Your friend or relative may not chase you for the debt the way a creditor would, but that doesn’t mean you can skip...

FEATURED STORY

PrideInn Hotels challenges winding up order

Tropicana Hotels, which filed the petition in the High Court, says Pride Inn has been unable to pay a debt of Ksh 69.3...

FEATURED STORY

New governor inherits Sh600 million debt

Whether the debt will be paid in time to allow the fulfillment of governor’s pledges remains a matter of conjecture

FEATURED STORY

KQ seeks court’s help to salvage debt restructuring plan

KQ owes Equity Bank Sh5.2 billion, National Bank Sh3.5 billion, Co-operative Bank Sh3.3 billion, CBA Group Sh3.1 billion, NIC Bank Sh2.1 billion, Diamond...