Kenyans to Enjoy Cheaper Loans After CBK Decision
The decision was made following a meeting on Tuesday...
✨ Key Highlights
The Central Bank of Kenya (CBK) has lowered its lending rate, a move expected to result in cheaper loans for Kenyans. This decision comes as the country's economy shows signs of recovery following last year's protests.
- The CBK cut the Central Bank Rate (CBR) by 25 basis points to 9.50 per cent from 9.75 per cent.
- The decision was made by the Monetary Policy Committee (MPC) during its meeting held on August 12, 2025.
- This new rate is in line with the country’s lowest ever and aims to bring hope for borrowers seeking more affordable credit.
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KRA Announces Tax Exemption, CBK Lowers Lending Rate & HELB Introduces New Loan - August 2025
The Kenya Revenue Authority (KRA) has announced tax exemptions on gratuity payments for certain employees, effective July 1, 2025, as part of changes in the Finance Act, 2025. In a separate move, the Central Bank of Kenya (CBK) has lowered its lending rate, a decision expected to result in cheaper loans for Kenyans as the economy shows signs of recovery. Additionally, the Higher Education Loans Board (HELB) has introduced a new loan facility, the Training Revolving Fund, specifically for civil servants to pursue higher education and advance their professional qualifications.
