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Only one of Kenya’s 38 commercial banks has so far sought regulatory approval for a new, transparent loan pricing model, the CBK Governor Kamau Thugge revealed.
Banks are pushing for a further cut in the CBK’s benchmark lending rate, arguing that low inflation and a stable Shilling provide room to stimulate sluggish private sector credit growth.
Kenya is racing to meet its affordable housing targets while tackling the twin threats of deforestation and carbon emissions.
Kenyan units of global banking giants are offering the country’s most competitive lending rates, using their expansive capital bases to undercut domestic rivals.
The Energy Ministry has invited bids from firms to distribute 6kg cylinders to households in rural and peri-urban areas.The State will cater for 40 per cent of the costs.
The adaptation of commercial drones for combat has been closely followed by observers of the Russia-Ukraine war.
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