Capital Markets

Kenya

Loan rates rise to 16% after interest controls were lifted.

In the second quarter of the year, more than half of commercial banks raised their lending rates to individuals and businesses, indicating an early impact of the Central Bank of Kenya’s(CBK)¬†accelerated approvals of risk-based lending plans. According to the most recent bank loan and overdraft rate data published by the regulator, some lenders charged as …

Loan rates rise to 16% after interest controls were lifted. Read More »