Kenya’s expenditure on servicing external loans in the third quarter through March 2021 fell 34.62 percent on the back of a deal with rich creditor countries to defer loan payments initially for.
Kenya to receive at least Sh200b in loans next month by VICTOR AMADALA
Kenya expects more than Sh200 billion from international lenders by end of June as part of budgetary support as the economy recovers from Covid-19.
Addressing a post-Monetary Policy Committee (MPC) press briefing, Central Bank of Kenya Governor Patrick Njoroge revealed that the country is expecting loans from the World Bank, IMF and AfDB in coming weeks.
The World Bank is expected to release $750 million (Sh81 billion) as part of a third Development Policy Operation (DPO) programme to cushion the local economy from the vagaries of Covid-19.
Branch Mobile Loan App Buys Kenyan Bank
File image of a man on his phone
Twitter
Popular mobile loan app Branch has received regulator approval to buy majority shares in Century Microfinance Bank Limited.
A gazette notice dated Friday, May 7 indicated that Branch International Limited had been authorised to take up 84.89% of the issued share capital in Century Microfinance Bank Limited. Pursuant to the provisions of section 46 (6) of the Competition Act, 2010, it is notified for general information that in exercise of the powers conferred upon the the Competition Act, the Competition Authority has authorised the proposed transaction as set out, reads an excerpt of the gazette notice.
Mututho s 8-Bedroom House in Kawangware to be Auctioned
Former Naivasha MP John Mututho addressed the media on September 18, 2019 in Nakuru County
Daily Nation
Former Chair of the National Authority for the Campaign Against Alcohol and Drug Abuse (NACADA) John Mututho has had his house put up for auction.
The double-storey 8-bedroom mansion located in Riruta Satellite in Kawangware is registered in the name of John Michael Njenga Mututho.
The land which the house sits on has 17 other single rooms which have also been put up for sale by Garam Investments.
Former National Authority for Campaign against Alcohol and Drug Abuse (Nacada) chairman John Mututho.