18.5 C
Brisbane
Sunday, October 25, 2020

Kenyan banks offer one-year relief on personal loans

Must read

COVID-19 test now $50 instead of $65 – Uganda’s Health Ministry

Uganda has reduced the cost of a COVID-19 test from $65 to $50, a move welcomed by truck drivers in the East...

Kenya and Uganda monitor the rise in lake levels

Authorities of Kenya and Uganda are monitoring today the water level of lakes and dams in their territories, after reports of river...

U.S. breaks daily record for coronavirus cases with over 84,000 new infections

The United States broke its daily record for new coronavirus infections on Friday as it reported at least 83,948 new cases due...

Sudan – South Sudan Situations

Following the unprecedented rains and floods that have affected 875,000 people across Sudan recently, a secondary health emergency is looming, with more...

CGTN 18 MAR 2020

Kenyan banks will allow personal borrowers who get into difficulties due to the new coronavirus pandemic to extend their loans for up to a year, the central bank governor said on Wednesday.

The East African nation has seven confirmed cases of the COVID-19 and the government has imposed measures aimed at reducing its spreads including banning public gatherings and closing schools indefinitely.

“We don’t want this health crisis to become a financial crisis,” Patrick Njoroge, the governor, told a televised news conference.

Small and medium enterprises who encounter difficulties will also be allowed to restructure their bank loans at no cost, he added.

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

COVID-19 test now $50 instead of $65 – Uganda’s Health Ministry

Uganda has reduced the cost of a COVID-19 test from $65 to $50, a move welcomed by truck drivers in the East...

Kenya and Uganda monitor the rise in lake levels

Authorities of Kenya and Uganda are monitoring today the water level of lakes and dams in their territories, after reports of river...

U.S. breaks daily record for coronavirus cases with over 84,000 new infections

The United States broke its daily record for new coronavirus infections on Friday as it reported at least 83,948 new cases due...

Sudan – South Sudan Situations

Following the unprecedented rains and floods that have affected 875,000 people across Sudan recently, a secondary health emergency is looming, with more...

Libya Cease-Fire Raises Hopes for Full Peace Deal

The two main factions in years of civil war that have drawn in Russia, Turkey and other regional powers signed an accord...