Rising T-bill rates raise cost of borrowing for companies - Business Daily

Kenyan Treasury bill rates have been climbing since March, with the 91-day rate rising from 7.4% to 8.55%, increasing borrowing costs for companies. Banks often peg loans to these rates, affecting firms like EABL, Centum, and Crown Paints. The rise is attributed to the US-Israel-Iran war driving up energy prices and global inflation. The Central Bank of Kenya paused its rate cuts, and analysts expect further upward pressure.