Private-Sector Credit Grew to Record KSh 3.96 Trillion in September
Kenya’s private-sector credit rose 5% to a record KSh 3.96T in Sept 2025 as lending rates fell, signaling a broad recovery in loan demand..
✨ Key Highlights
Kenya's private-sector credit reached an all-time high of KSh 3.96 trillion in September 2025, signifying a strong recovery from a 2024 slowdown. This growth marks the first sustained increase since mid-2022, driven by lower lending rates and increased demand across key sectors.
- Private-sector lending grew 5.0% year-on-year, up from 3.3% in August, as reported by the Central Bank of Kenya (CBK).
- Average commercial bank lending rates fell to 15.1% in September from 17.2% in November 2024, following eight consecutive Central Bank Rate cuts.
- Credit expansion was broad-based, with Building and Construction loans surging by 52.9% and Manufacturing lending rising by 11.1%.
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Kenya Reports Record Customs Revenue and Credit Growth; CBK Clarifies Bond System - October 2025
The Kenya Revenue Authority (KRA) achieved a record collection of KSh 85.1 billion in customs taxes in September, exceeding its target by KSh 3.8 billion. This performance, driven by robust trade and petroleum imports, marked an 18.8% increase from the previous year. In another positive economic indicator, Kenya's private-sector credit reached an all-time high of KSh 3.96 trillion in September 2025, a strong recovery from a 2024 slowdown. This was the first sustained increase since mid-2022, driven by lower lending rates. In the financial markets, the Central Bank of Kenya (CBK) clarified that its planned retail bond system will integrate with the existing Dhow Central Depository System (CDS). This allayed concerns about a separate platform disrupting the country's KSh 2 trillion bond market.
