Central Bank of Kenya (CBK) data reveals that cash-starved companies and households tapped half of the loans made available from the end of March for borrowers affected by the impact of the global coronavirus pandemic which has created both a health and economic crisis.

The World Bank, in its latest Kenya Economic Update, April 2020 titled: Turbulent Times for Growth in Kenya – Policy Options during the COVID-19 Pandemic, has warned that the COVID-19 global pandemic poses unprecedented turbulent times for Kenya’s economy, with growth expected at below 0.2% in a worst-case scenario. READ MORE..

The Central Bank of Kenya(CBK), in the month of April alone, granted approvals to 11 commercial banks and one microfinance institution to access KSh 17.59 Billion in cash and deposits held in its reserves. READ MORE..