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Originally published by Kenyanstop
May 25, 2026
1h ago
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.
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