- 571 views
Commercial Banks And Micro-Financiers have written off 95,179 loans worth 8.8 billion shillings in 2024, as small and medium-sized businesses struggled under high interest rates and weak economic conditions.
Subscribe and watch NTV Kenya live for latest Kenyan news today and everyday as told by Kenyans. Get the Kenya news updates, discussions and other exciting shows.
Website: https://www.ntvkenya.co.ke || Paper: Daily Nation || Twitter: @ntvkenya || Facebook: NTV Kenya || Instagram: NTV Kenya
Banks write off 95K loans worth Sh8.8B amid tough economic times
- 4 Jul 2025 - Kenya has been commended for proactively responding to the most widespread and damaging drought events in recorded history since 2020, through innovative adaptation and mitigation measures. Speaking to the People Daily before the launch of the Global…
- 4 Jul 2025 - Businesses and individual taxpayers across the country sighed with relief after Kenya Revenue Authority (KRA) extended the tax filing deadline from June 30 to July 5, 2025. This swift decision follows intense public pressure from the public and the…
- 4 Jul 2025 - Kenya’s economy grew by 4.9 per cent in first quarter of this year, matching last year’s pace, but offered little relief on the ground as manufacturing, tourism, and private sector lending stalled, leaving households and small businesses struggling.…
- 4 Jul 2025 - Africa’s debt surged to a historic $1.8 trillion, raising significant concerns among economists and policymakers across the globe even as some are still calling for more borrowing. However, they say that borrowing must be intentional not reckless, and…
- 4 Jul 2025 - Most packaged food and beverage products sold by the country’s top food manufacturers would require health warning labels under new nutrition rules drafted by the government. This is according to a new independent report by the non-profit Access to…
- 4 Jul 2025 - The European Bank for Reconstruction and Development (EBRD) has chosen Nairobi as the location for its African continental office, according to an announcement from State House. The move is part of a broader plan to deepen the bank’s engagement across…
- 4 Jul 2025 - South Africa's former deputy president David Mabuza has died aged 64, the country's public broadcaster reported on Thursday.
- 4 Jul 2025 - Insurance companies are enhancing their risk management efforts following a surge in claims linked to recent Gen-Z-led protests that resulted in extensive looting, vehicle arson, and property damage across Kenya. Speaking during a customer-outreach forum…
- 4 Jul 2025 - Kenyan firms across multiple sectors faced a challenging month in June, grappling with weakened consumer demand, operational pressures, and renewed street protests that disrupted commerce and mobility. These compounded challenges led to sluggish sales…
- 4 Jul 2025 - Limuru Golf Course will this weekend host a field of 98-top ranked golfers for the 98th edition of the Limuru Open and the Brakenhurst Trophy. The event is primed to showcase the finest in Kenyan golf with the participants vying for a prize pool of Sh…