World Bank Warns on Kenyan Credit as Bank Reports Profit and Sh103mn Fraud Case Continues - November 2025

The World Bank has warned that Kenya's increasing domestic borrowing is significantly limiting credit access for the private sector, which could hinder investment and job creation. Amid this warning, Consolidated Bank Group reported a notable turnaround, achieving a Sh94.7 million pre-tax profit in the nine months to September 30, 2025. This represents a 177 percent rebound from a loss in the previous year. In a separate financial matter, a third suspect, Stephen Juma Ndeda, has been charged in Kenya over a money-laundering scheme exceeding Sh103 million. The case involves an American investor allegedly defrauded while seeking a loan. In response to the economic climate, the 5th Abojani Economic Empowerment Conference urged Kenyans to adopt an "ownership economy" by investing in productive assets for long-term wealth.