Sign in
Download Opera News App

national industrial credit

POLITICS

Ruto Reveals Number of People He Plans to Remove From CRB by November

President William Ruto has said that his promise to relook into how the Credit Reference Bureau (CRB) operates stands. This is among the campaign promises Ruto rode on to secure the presidency last month, and is seen to have helped him woo a section of the majority youth.

  2 hours ago ago
Ruto Reveals Number of People He Plans to Remove From CRB by November

ECONOMY-FINANCE

William Ruto Welcomes Move to Transform CRB:4 to 5m Kenyans will be removed

President William Ruto has invited the transition to change the Credit Reference Department (CRB). Ruto said Kenyans confronting trouble getting to credit will get an opportunity through the change. CRB boycotting Talking at a public interview held by Safaricom, KCB, NCBA bank and different partners on Wednesday, September 28, Ruto expressed that around 5,000,000 Kenyans will be delisted from CRB by November 2022.

  2 hours ago ago
William Ruto Welcomes Move to Transform CRB:4 to 5m Kenyans will be removed

PERSONAL-INVESTING

President Ruto Says Around 5 Million Kenyans Will Be Out Of CRBs Blacklist

In an effort to halt the blacklisting of borrowers by Credit Reference Bureaus, President William Ruto has approved the assignment of credit ratings to borrowers (CRBs). The new President's appeal gives the credit information sharing (CIS) reforms more momentum as the government works to remove the association between CRBs and bad information sharing.

  1 hour ago ago
President Ruto Says Around 5 Million Kenyans Will Be Out Of CRBs Blacklist

ECONOMY-FINANCE

Ruto Unveils Plan for Fuliza Defaulters

President William Ruto, on Wednesday, September 28, shared his plan for mobile loan defaulters to create a win-win situation with the digital credit providers. Speaking at Norfolk hotel, Ruto lauded the plan by credit providers and stakeholders to provide a graduated mechanism as opposed to the blacklisting mechanism currently in use.

  3 hours ago ago
Ruto Unveils Plan for Fuliza Defaulters

OTHERS

Bad News To Kenyans Listed In CRB After CBK Governor Turns Down Ruto's Promising Plan On CRB

In Ruto's inaugural speech, he said his administration will work with Credit reference bureaus to create a new system of credit score rating that provides borrowers with an opportunity to manage their creditworthiness. According to Ruto, the new framework will eliminate blacklisting and increase access to credit for Kenyans who are grappling with a high cost of living. However, President William Ruto's proposal to revise the Credit Reference Bureau (CRB) framework remains in abeyance as Patrick Njoroge, governor

  5 days ago ago
Bad News To Kenyans Listed In CRB After CBK Governor Turns Down Ruto's Promising Plan On CRB

OTHERS

President William Ruto: CRB listing review starts next week.

President William Ruto has said that the government will start reviewing the credit reference bureau (CRB) rating formula next week. Dr Ruto says the move will allow introduction of a mechanism that lists borrowers based on their compliance ability and not the general perception that “most of them are defaulters”. The president made the remarks during an interview on Al-Jazeera on Saturday, September 24. Next week, we are going to rework the whole credit rating system. The current one is an all-or-nothing

  4 days ago ago
President William Ruto: CRB listing review starts next week.

OTHERS

CBK Publishes List of 10 Approved Mobile Lenders

The Central Bank of Kenya (CBK) on Monday, September 19, distributed a rundown of supported Computerized Credit Suppliers - digital credit providers DCPs who had applied for a permit. In an explanation, CBK noticed that ten portable loan specialists had so far been endorsed out of the 288 applications that had been recorded since Walk 2022. CBK notwithstanding, noticed that different candidates would be included proper way as they are at various phases of the endorsement interaction. Undated Photograph of the

  8 days ago ago
CBK Publishes List of 10 Approved Mobile Lenders

ECONOMY-FINANCE

President Ruto's Message To Kenyans On CRB Listing Review Starting From Next Week

Next week, the government will reportedly begin evaluating the rating methodology that is used by credit reference bureaus (CRBs), as stated by President William Ruto. According to Dr. Ruto, this action will make it possible to introduce a process that will list borrowers based on their ability to comply with the terms of their loans, contrary to the common belief that "most of them are defaulters."

  3 days ago ago
President Ruto's Message To Kenyans On CRB Listing Review Starting From Next Week

JUSTICE

Problem To Digital Lenders As High Court Approves CBK Regulations

The Central Bank of Kenya has been given permission to move forward with its proposal to oversee and supervise the nation's digital credit providers. The Central Bank of Kenya (Amendment) Act, 2021, which resulted in the establishment of the Central Bank of Kenya (Digital Credit Providers) Regulations, 2022, was challenged by the Association of Microfinance Institutions in a lawsuit that was dismissed by the High Court.

  2 days ago ago
Problem To Digital Lenders As High Court Approves CBK Regulations

POLITICS

Hilarious Cartoons Illustrating Uhuru-Ruto Relationship As Kenyans Await The New Government

Image courtesy of Twitter. The relationship between incumbent Uhuru and incoming president Dr. William Ruto continues capsizing even as Kenyans await a new government. The two prominent leaders who were big friends some years back turned to be greatest rivals after the famous handshake. However, the Kenyatta-Odinga pact was not well received by Ruto, who alleged that it derailed their ambitious agenda of enhancing food security, achieving universal healthcare, making housing more affordable, and boosting the industrial sector.

  15 days ago ago
Hilarious Cartoons Illustrating Uhuru-Ruto Relationship As Kenyans Await The New Government

ECONOMY-FINANCE

Good News To Kenyans In CRB As Ruto Promises To Review CRB Set To Start

President William Ruto has been out of the country for the past few days where he had attended united nations general assembly in united states. President William Ruto as part of his campaign promises said that he will be lowering the cost of living in the country as well as getting Kenyans with small debts from credit reference burial list.

  3 days ago ago
Good News To Kenyans In CRB As Ruto Promises To Review CRB Set To Start

ECONOMY-FINANCE

Huge Blow to Ruto as CBK Governor Rejects CRB Plan, Says They Follow The Existing Policies

President William Ruto's proposal to revise the Credit Reference Bureau (CRB) framework remains in limbo as Patrick Njoroge, governor of the Central Bank of Kenya (CBK), reaffirmed the importance of adhering to the nation's monetary policies. Njoroge said, "Existing data from CBK will drive financial policies and expenditures for the next government," in an interview with a global media outlet, Bloomberg.

  5 days ago ago
Huge Blow to Ruto as CBK Governor Rejects CRB Plan, Says They Follow The Existing Policies

POLITICS

President Ruto Promises To Add Money To Anyone Who Saves

President William Ruto landed from united states of America in the morning where he had attended united nations general assembly. The president immediately attended a thanks giving session at statehouse where he had hosted other Kenya kwanza leaders and religious leaders. While giving his speech after the service president Ruto promised that he will add money to anyone who saves.

  3 days ago ago
President Ruto Promises To Add Money To Anyone Who Saves

OTHERS

How Kenyans help themselves and the planet by saving mangrove trees.

On the fringe of Kenya’s Gazi village, 50 kilometers south of Mombasa, Mwatime Hamadi walks barefoot on a path of scorching-hot sand toward a thicket of trees that seem to float where the land meets the Indian Ocean. Behind her moves village life: Mothers carry babies on their backs while they hang laundry between palm trees, women sweep the floors of huts thatched with palm fronds and old men chat idly about bygone days under the shade of mango trees. Hamadi is on her way to Gazi Forest, a dense patch of

  7 days ago ago
How Kenyans help themselves and the planet by saving mangrove trees.

ECONOMY-FINANCE

''Fuel Subsidy Was Controlled By Cartels'' Small Oil Marketers Explain

Small Oil Marketers in the country have congratulated William Ruto for removing the cartels in the oil industry. According to the Association of oil suppliers, the big suppliers of oil almost drove them our of the market because they enjoyed subsidies. They used to increase fuel prices so that they can get subsidies from government in billions.

  10 days ago ago
''Fuel Subsidy Was Controlled By Cartels'' Small Oil Marketers Explain

PERSONAL-INVESTING

William Ruto Says That They Will Have Listing System By The CRB Reviewed

The present Credit Reference Bureau (CRB) structure; which has blacklisted thousands of borrowers for defaulting on loans, is one of the reasons why firms and individuals are unable to receive credit; according to President William Ruto, who has pledged to push for change. President Ruto described the present CRB structure as arbitrary and punishing in his inaugural speech after being sworn in yesterday; claiming it has prevented many borrowers from getting loans.

  14 days ago ago
William Ruto Says That They Will Have Listing System By The CRB Reviewed

POLITICS

President Ruto's First Message of Hope and Restoration to Republic of Kenya

William Ruto's first act as president is to appoint the six judges who former president Uhuru Kenyatta had passed aside for advancement in June 2021 despite their recommendation from the Judicial Service Commission (JSC). Aggrey Muchelule, Weldon Korir, Joel Ngugi, George Odunga, and Judith Omange were among 40 judicial officers who had been vetted and recommended for advancement by JSC.

  15 days ago ago
President Ruto's First Message of Hope and Restoration to Republic of Kenya

POLITICS

In Case You Missed It: Here is What President Ruto Will Do First Day In Office

In his first official act as President, William Ruto appointed the six judges who had been passed over for promotion by former President Uhuru Kenyatta in June 2021 despite having been recommended by the Judicial Service Commission (JSC). Out of a total of forty judicial officers, Aggrey Muchelule, Weldon Korir, Joel Ngugi, George Odunga, and Judith Omange were among those nominated for promotion by JSC.

  15 days ago ago
In Case You Missed It: Here is What President Ruto Will Do First Day In Office

POLITICS

President Ruto Set To Appoint Six Judges And Also Promises To Restructure CRB, CBC In First Day At Work

William Ruto's first act as president was to appoint the six judges who former president Uhuru Kenyatta had passed aside for advancement in June 2021 despite their recommendation from the Judicial Service Commission (JSC). Aggrey Muchelule, Weldon Korir, Joel Ngugi, George Odunga, and Judith Omange were among 40 judicial officers who had been vetted and recommended for advancement by JSC.

  15 days ago ago
President Ruto Set To Appoint Six Judges And Also Promises To Restructure CRB, CBC In First Day At Work

BUSINESS

Wealth Owned By The Kenyatta Family

The family of Kenya’s founding President Mzee Jomo Kenyatta is regarded as one of the wealthiest families in Kenya, owning a lot of businesses, tracts of land and billions of money. The Kenyatta family, famously referred to as the Kenyatta dynasty in business circles, has interests in real estate, hospitality, dairy farming, media and banking. In banking, the family holds at least stakes worth Ksh8.5 billion in the NCBA Bank, which is the third largest bank in Kenya after a merger of the National Industrial

  1 year ago ago
Wealth Owned By The Kenyatta Family