Urgent.News

What's breaking now, across thousands of outlets.

More in Finance & Markets

Kenyan businesses turn to cash as high loan costs curb borrowing, CBK survey shows

Kenyan businesses are becoming more selective about borrowing, with some firms choosing retained earnings and existing cash flows over bank loans as high operating costs, cautious consumer spending…

  • Kenyan businesses hesitant to borrow due to high costs and conditions
  • CBK survey shows businesses prefer using cash over external loans
  • Credit growth expected at 9.9% in 2026 despite cautious borrowing

More from Saturday 22 August →