Search

Kenyan Banks Urge Larger Rate Cut to Revive Private Sector Lending

Allen Dreyfus
  • KBA calls for a “significant” rate cut to stimulate credit growth
  • Private sector lending slowed despite earlier rate reductions

Nairobi, Kenya – Kenya Bankers Association (KBA), the lobby representing commercial banks, is urging the Central Bank of Kenya (CBK) to implement a larger benchmark rate cut to stimulate private sector lending amidst subdued inflation and a stable currency.

Recent Business

Gold mine. Photo by István Mihály @ Pixabay
Mali recovers $1.2bn from mining giants in sovereignty push
Read More »
Contactless payment system. Photo by SumUp @ Unsplash
Why Fintech is Africa’s sure bet to drive economic growth in 2026
Read More »
Street market in Kaduna, Nigeria. Photo @Pexels
Nigeria’s economy poised for strong 2026 recovery amid inflation drop, oil rebound
Read More »

Recent Politics

US Marines and Sailors being transported by Marine Aerial Refueler Transport Squadron 352. Photo by Joel Rivera-Camacho @ Unsplash
US Christmas airstrikes on Nigeria may alter political equation for Tinubu
Read More »
don-jackson-wyatt-sbhubyl7lWI-unsplash
US launches deadly airstrikes against terrorist groups in Nigeria
Read More »
African election. Photo by Mikhail Nilov @ Pexels
East Africa’s electoral bodies face credibility test over disputed polls
Read More »

Latest Posts

Latest news insights