Kenyan legislator has made a proposal that would allow SMEs and unsecured individual borrowers to negotiate risk-based interest rates above the normal cap. Gatundu South MP Moses Kuria in a proposal to the speaker of the National Assembly Justin Muturi, says the risk negotiation window should be up to 6% above the lending cap for SMEs. “Unsecured individual customers should negotiate pricing based on their risk profile and on a willing buyer, willing seller basis,” Kuria proposes in a letter dated 14 January 2019. “The amendment will go a long way to free credit to the SMEs, discourage government borrowing…
Author: David Indeje
David Indeje
David Indeje is the Community Engagement Editor at Khusoko, East Africa’s leading digital business news platform. He shapes editorial content, drives audience engagement, and amplifies diverse voices. Beyond journalism, he consults on digital strategy across agriculture, governance, technology, and health, while examining AI’s role in the future of media. He also serves as Communications Officer at KICTANet, advancing digital inclusion and policy dialogue.
Property analysts have mixed views on the outlook for the real estate in Kenya this year across its segments with an overall neutral sentiment and only selected markets continuing to exhibit high returns. Juster Kendi, a Research Analyst at Cytonn Real Estate, sees the residential sector and retail sector as neutral, mixed-use developments as positive with the commercial office sector being given a negative outlook. “Our outlook for Real Estate is neutral, as the slowdown in demand for property persists amid increasing supply. We expect a positive performance in sectors like Mixed Use Development, Land and Hospitality, and negative performance…
Kenya’s National Treasury has projected an overall budget deficit of 5.0% for the 2019/2020 fiscal year from a revised deficit of 6.3% of GDP in the 2018/19 fiscal year according to Draft 2019 Budget Policy Statement. “The deficit is projected to decline from 7.2% in FY 2017/18 to 6.3 in FY 2018/19 and further to 3.0% of the GDP in FY 2022/23,” said Treasury. Henry Rotich, the Treasury CS says, “The fiscal policy in this BPS targets to support rapid and inclusive economic growth while ensuring a sustainable debt position and lower fiscal deficits.” The BPS is themed ‘Harnessing “The…
The Central Bank of Kenya, on behalf of the government, has put on offer two new issues of 2-year (FXD 1/2019/2) and 15- year (FXD1/2019/15) fixed coupon treasury bonds this January. The amounts raised will go into supporting the country’s 2018/19 fiscal budget. According to the Central Bank of Kenya, the Bonds are subject to withholding tax at the rate of 15% for the two-year bond and 10% for the fifteen-year bond. The bank will receive bids for the bond until Tuesday, 22nd January 2019 and auction it on 23rd January 2019. According to Faith Atiti and Stephanie Kimani, CBA…
Maxhosa designs showcase the Xhosa people’s beauty, culture, language and aspiration. It has evolved to become a leading African lux, premium and mass heritage fashion and lifestyle brand.
The recent uptick in Kenya’s visitor numbers has gained momentum, new data revealed on Monday, with 37.33% growth in visitor arrivals year ending 2018. Statistics released by the Tourism Ministry showed that in 2018 more than 2,025,206 million visitors arrived in Kenya compared to 1,474,671 witnessed in 2017. Of those, 3.57 million, or 77%, were from the mainland. This accounted for KSh157 billion compared to KSh119.9 billion earned the previous year. “Tourism performance for the year 2018 has seen substantial improvement compared to 2017 in both tourism arrivals, domestic tourism performance, and earnings,” says the Tourism Sector Performance Report 2018.…