Loan

Sanlam Kenya plans to raise Sh3.25 billion from its shareholders to settle a Stanbic Bank Kenya loan and rescue the company from liquidity challenges. The insurer said in a notice that its board approved the rights issue on November…

Kenyans are facing more tax pain after the International Monetary Fund (IMF) cited the need for higher revenues as a condition for its multi-billion dollar loan facility for the country. The International Monetary Fund says Kenya…

The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of a 78.3 billion shillings ($606.1 million) loan to Kenya, opening the way for new financing for the country following a lengthy review of the…

Two Japanese banks in partnership with the Trade and Development Bank of East and Southern Africa (TDB) have loaned British company Globelec $14.4 million (Sh1.86 billion) to finance the purchase of power generation equipment for the…

Kenya expects to receive Sh113 billion in the next tranche of loans from the International Monetary Fund (IMF) after making progress in protracted talks that delayed financing from the multilateral lender after new tax measures were…

Savings and Credit Cooperatives (SACOs) issued more loans than commercial banks in the first eight months of this year, reflecting the choice of customers who were put off by the high interest rates charged by commercial banks. New data…

High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before…

Digital lender, Azura Credit Limited, has been ordered to pay Sh250,000 to a man who harassed him over a loan he allegedly guaranteed on behalf of a borrower. A loan guarantor is a third party that agrees to repay the loan if the…

My name is Clarence. I am in my early 30s and the father of a two-year-old boy. I grew up on a half-acre farm. I am the eldest and only child in a family of six, with two unemployed, low-income parents. I earn Sh79,000 after statutory…

My name is Susan. I am single, in my mid 30s and have no children. I earn Sh131,000 after statutory deductions. However, after other deductions, I am left with about Sh25,000. I took a bank loan of Sh2 million with a repayment period of…