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Kenya's largest bank by assets will be among the first to adopt a new risk-based lending framework, a move set to increase transparency in borrowing costs and potentially reward financially disciplined Kenyans with lower interest rates.
A Controller of Budget report reveals State House and other top offices breached spending limits by billions, raising questions over fiscal discipline amid government austerity pledges and a significant national revenue shortfall.
Record-breaking inflows from Kenyans abroad are providing critical support to the nation's foreign exchange reserves and household incomes, spotlighting the role of financial institutions in facilitating these crucial transfers.
