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World Bank approves KSh 75 billion loan to Kenya despite warning from CBK boss

– The exchequer is seeking for an additional KSh 75 billion loan from World Bank to plug budget deficit. the World Bank had on April 30, 2019, approved some KSh 25.62 billion (US$250 million.

The National Bank of Kenya has a loss of kshs 1.2 billion for the Full year ended 31 december 2015 against a profit of Ksh 1.3 billion posted in the previous year . The huge drop is mainly attributed to Non Performing Loans which increased in the last quarter of 2015. Provisions and loan impairment charge increased by Ksh 3.2 [.]

This comes a few months after the World Bank also approved Ksh.18 billion to support the energy sector in Kenya. The loan guarantee will be used to mobilize private sector financing to strengthen the financial position of Kenya Electricity Generation Company Limited (KenGen).

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Equity Bank managed to overcome a challenging operating environment to post a 7% increase in their net profit to Ksh. 16.3 Billion up from Ksh. 15.2 Billion in 2016. This rise in profits was informed by an 82% increase in the interest income from government securities to Ksh. 12.2 Billion. Non-interest income also grew by 20% to Ksh. 18.4 Billion as compared to Ksh. 15.2 Billion in 2016.

. is set to cut shareholders a total interim dividend cheque of Sh1.5 billion despite. The Centum boss had acquired four million. Bank of Kenya (CBK).

Chinese loans pushing Kenyas debt to unsustainable levels, World Bank warns. The World Bank has warned that Kenya. only Sh738 million went to reducing the principal loans worth Sh275.

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