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HomeDaily NewsMonday, September 14, 2026CoB Nyakang'o Flags Treasury's Delayed CBK Loan Repayment - September 2026
Business & Economy3 stories from 2 sources

CoB Nyakang'o Flags Treasury's Delayed CBK Loan Repayment - September 2026

Controller of Budget Margaret Nyakang'o has raised concerns about the National Treasury's failure to repay an overdraft from the Central Bank of Kenya by the close of the last financial year, indicating a potential violation of the law. Meanwhile, Members of Kenya's Parliament have raised concerns about significant loopholes identified within the Sh340 billion National Infrastructure Fund that could potentially undermine the fund's effectiveness and transparency. Additionally, Kenya's lending sector is already heavily reliant on Artificial Intelligence for credit scoring, making the discussion now about governance rather than adoption, as regulators struggle to keep pace with technology deployment in financial services.

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Sunday 7:26 PMNation Business

CoB Nyakang'o flags Treasury’s delayed CBK loan repayment

CoB Nyakang'o flags Treasury’s delayed CBK loan repayment

Controller of Budget Margaret Nyakang’o has raised concerns about the National Treasury's failure to repay an overdraft from the Central Bank of Kenya (CBK) by the close of the last financial year, indicating a potential violation of the law.

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Key Highlights

Controller of Budget Margaret Nyakang’o has raised concerns about the National Treasury's failure to repay an overdraft from the Central Bank of Kenya (CBK) by the close of the last financial year, indicating a potential violation of the law.

  • The National Treasury failed to clear the CBK overdraft by the end of the financial year.
  • The key figures involved are Controller of Budget Margaret Nyakang’o and the National Treasury.
  • This overdraft facility is typically used when government revenue lags behind expenditure needs and is restricted to 5 per cent of audited government revenues, with repayment due within 12 months.
Monday 12:04 PMCapital Business

AI already decides who gets a loan in Kenya. Now decide who governs it

AI already decides who gets a loan in Kenya. Now decide who governs it

Kenya's lending sector is already heavily reliant on Artificial Intelligence (AI) for credit scoring, making the discussion now about governance rather than adoption.

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Key Highlights

Kenya's lending sector is already heavily reliant on Artificial Intelligence (AI) for credit scoring, making the discussion now about governance rather than adoption.

  • Over 8.37 million loans worth more than KES 150 billion have been disbursed by digital lenders, with AI models making the decisions.
  • The article proposes that Kenya should regulate the *use* of AI in lending, not ban the technology itself, drawing lessons from past issues with credit scoring.
  • The author, Kevin Mutiso, Chairman of the Digital Financial Services Association of Kenya, advocates for clear rules that ensure lenders can explain automated declines and that data moves with the borrower.
Sunday 7:26 PMNation BusinessFirst

MPs flag loopholes in Sh340bn National Infrastructure Fund

MPs flag loopholes in Sh340bn National Infrastructure Fund

Members of Kenya's Parliament have raised concerns about significant loopholes identified within the Sh340 billion National Infrastructure Fund. These issues could potentially undermine the fund's effectiveness and transparency.

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Key Highlights

Members of Kenya's Parliament have raised concerns about significant loopholes identified within the Sh340 billion National Infrastructure Fund. These issues could potentially undermine the fund's effectiveness and transparency.

  • Sh340 billion: The total value of the National Infrastructure Fund being scrutinized.
  • Members of Parliament: The legislators who have flagged the discrepancies.
  • Loopholes: The specific concerns raised, indicating potential risks in fund management and oversight.
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