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Finance & Markets

CS Lee Kinyanjui says bank loan interest rates have dropped from 19% to 12%

Trade Cabinet Secretary Lee Kinyanjui has said the cost of borrowing in Kenya has declined, with some commercial banks now offering loans at interest rates as low as 12 per cent, compared to an average of between 18 and 19 per cent recorded two to three years ago. Kinyanjui attributed the decline to what he […]

We haven't written up this one. People Daily Kenya has the full story — the link below goes straight to it.

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OppFi abandons purchase of BNC Bank

Digital finance platform OppFi has withdrawn its applications buy a bank, claiming it has not had a "meaningful opportunity" to engage with regulators to address concerns about the deal.

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