Wednesday, March 25, 2020

Kenya Suspends CRB Listing This Coronavirus Pandemic

    March 25, 2020   No comments

HE. President Uhuru Kenyatta

President Uhuru in a Wednesday 25th March 2020 Coronavirus press update from state house in Nairobi said he is directing a temporary CRB listing suspension.

All borrowers whose loans will be due by 1st April must not be negatively listed (blacklisted) by any of the three licensed CRBs in Kenya.

This  comes after a Monday 23rd March 2020  MPC meeting which resolved to lower the CRR and CBR from 5.25 percent and 8.25 percent to 4.25 percent and 7.25 percent respectively, a move that will make loans available and affordable to Kenyans this hard times.

The president also removed various taxes to create a condusive environment for businesses and lowered salaries for some government officials to further help making availability of money to the common mwananchi.
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Mwabaya Katana

About Mwabaya Katana

Mwabaya Katana is a Finance Online Researcher and Writer.He is the founder of 'Loans Kenya' Blog.

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