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Originally published by Capital Business
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business
September 18, 2026
2h ago

President Ruto implores banks to lower credit costs, increase lending

President Ruto implores banks to lower credit costs, increase lending

Despite the improving economic environment, the President noted, affordable credit remains out of reach for many Kenyans, constraining investment, entrepreneurship and job creation...

✨ Key Highlights

President William Ruto has urged Kenyan banks to lower credit costs and increase lending to stimulate the economy, stating that financial stability should translate into greater economic opportunity.

  • The President highlighted that while lending rates have decreased to 14.39 per cent in July, they remain too high for many Kenyans and businesses.
  • Key figures involved include President William Ruto and the Central Bank of Kenya (CBK).
  • President Ruto also called for greater financial integration across Africa to finance development projects using the continent's substantial financial assets.

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