Banking lobby chief on scaling private sector credit, rates outlook and recent sector reforms - Business Daily

Raimond Molenje, CEO of the Kenya Bankers Association, stated that banks doubled their MSME lending target from 75 billion shillings in 2024 to 326 billion in 2025, aiming for nearly 500 billion in 2026. He noted that interest rates have continued to decline since February, reflecting ongoing policy transmission despite no changes in the Central Bank Rate. Molenje also discussed recent sector reforms and expressed reservations about prudential guidelines for systemically important banks.