Sakaja Sends Bank New 90-Day Appeal Over Reposession of Matatus
The matatu sector in the country has been on the brink of the rising oil prices, with critical negotiations between critical economic players taken into consideration...
✨ Key Highlights
Nairobi Governor Johnson Sakaja is urging banks to implement a 90-day freeze on matatu repossessions to alleviate financial pressure on transport operators amid soaring fuel costs.
- A 90-day moratorium on asset repossession is requested.
- The appeal was made by Governor Johnson Sakaja at a meeting with the Cabinet Secretary for Roads and Transport, Davis Chirchir.
- Many operators are facing financial distress due to aggressive asset recovery by lenders, despite high demand for public transport.
Continue Reading
Read the complete article from Kenyans
Part of the Day's Coverage
Chaos Erupts in Nyeri, Thika and Nyahururu Over High Transport Fares - May 2026
Nyeri, Thika, and Nyahururu experienced widespread chaos as residents protested exorbitant transport fares driven by rising fuel prices. The demonstrations brought transport and business to a standstill, with angry citizens blocking major roads. In Nyahururu, protesters engaged police in running battles amid the demonstrations. Transportation services in Nyeri were severely disrupted due to a strike by matatu operators protesting escalating fuel prices. Meanwhile, Nairobi experienced significant traffic disruptions on Limuru Road following a protest by boda boda operators. Governor Johnson Sakaja is urging banks to implement a 90-day freeze on matatu repossessions to alleviate financial pressure on transport operators.
