Loans

The Digital Currency Group (DCG) has announced completing a payoff of all short-term loans from its bankrupt subsidiary Genesis, according to its official announcement on January 6th. Over the past year, DCG has paid off…

The digitization wave has profoundly reshaped the landscape of business lending, propelling financial institutions into an era where efficiency and seamless experiences are paramount. As the demands of younger entrepreneurs take center…

Capital Markets Consumers start feeling loans pain as banks raise rates Tuesday December 19 2023 A customer is served at a local bank in Nairobi. FILE PHOTO | NMG Kenyan banks have started increasing the cost of their…

Breadcrumb Trail LinksReal EstateFinanceBankingMulti-unit loans under management up 11 per centPublished Dec 09, 2023  •  Last updated 0 minutes ago  •  2 minute read “We’re definitely seeing lots of demand from our clients to build…

Brokerages SoFi Securities, Public and M1 Finance misled millions of investors about their securities-lending programs, according to the Financial Industry Regulatory Authority.In such programs, brokerages make money by loaning out…

Nikada/E+ via Getty Images China may allow banks to provide unsecured short-term working capital loans to eligible real estate developers, Bloomberg reported citing people familiar with the matter, as part of Beijing's efforts to…

Economy Cheap loans dry up as Hustler Fund budget cut to Sh5bn Tuesday October 31 2023 President William Ruto during the Launch of Hustler Fund at Green Park, Nairobi. PHOTO | PCS The Treasury has signalled a reduction in the…

In recent events, the loans taken from Alameda Research have been scrutinized, with lawyers representing Sam Bankman-Fried, also known as SBF, seeking clarity from FTX co-founder Gary Wang. SBF Lawyers Into The Loan’s Legalities Sam…

Sam Bankman-Fried’s legal team is looking for permission to probe the alleged involvement of FTX lawyers in the issuance of $200 million worth of loans from Alameda that were approved by Gary Wang.As previously reported in the build-up to…

Editorials Keep loans affordable amid the inflation fight Friday September 29 2023 The Central Bank of Kenya, Nairobi. FILE PHOTO | DENNIS ONSONGO | NMG The Central Bank of Kenya (CBK) monetary policy committee will be meeting…