The National Treasury is reportedly hesitant to approve an increase in the bank deposit guarantee from the current Sh500,000 to Sh1 million per customer, causing uncertainty for depositors.

• The proposed increase aims to boost depositor confidence following the collapse of three banks between 2015 and 2016.
• The Kenya Deposit Insurance Corporation (KDIC), led by its Chief Executive Hellen Chepkwony, has recommended the revision.
• The Treasury is still analyzing the potential economic impact and risks of moral hazard associated with higher deposit protection values.

Standard Chartered Bank is set to auction assets of the collapsed retail chain Nakumatt Holdings after the firm defaulted on loans exceeding Sh1.6 billion.

• Nakumatt Investments Limited, which provided land as collateral, has 90 days to clear the debt.
• The threatened auction targets several properties, including parcels in Mombasa, Nakuru, and Nairobi.
• This action is the latest development in the fallout from Nakumatt's collapse, once East Africa's largest supermarket chain which accumulated debts estimated at Sh30 billion to Sh40 billion.

Members of Parliament have given the Financial Inclusion Fund (Hustler Fund) 14 days to publicly disclose the names of loan defaulters due to increasing concerns over unpaid loans.

• Sh12.5 billion remains unpaid, reflecting a 15 percent default rate.
• MPs are questioning the fund's sustainability and potential system abuse.
• The Hustler Fund, launched in November 2022, aims to provide affordable credit to Kenyans at the bottom of the economic pyramid.