Moody’s Downgrade: A Wake-Up Call for Kenya Moody’s Investors Service downgraded Kenya’s credit rating from B3 to Caa1 after the Finance Bill 2024 failed to pass. This bill aimed to increase government revenue but was abandoned due to public opposition and concerns about its economic impact. As a result, Kenya’s fiscal deficit is projected to…
Two giants, Equity Bank and Safaricom, have innovative overdraft facilities – Boostika and Fuliza, respectively. We dive into the details of these products, comparing their features, repayment terms, and eligibility criteria. Equity Bank Boostika The Genesis of Boostika Equity Bank Kenya has stepped into the realm of overdraft solutions with the introduction of Boostika. This…
In today’s fast-paced world, financial flexibility is a crucial aspect of achieving one’s dreams and ambitions. Whether you’re considering starting a business, purchasing a home, or even covering unexpected expenses, understanding loans and credit ratings in Kenya is paramount. In this comprehensive guide, we will unravel the complexities of the Kenyan financial landscape, offering you…
