JUST IN: Kenya’s Loan Defaulters Surge: 7.74 Million Borrowers Now Listed as Defaulters 

  The number of loan defaulters in Kenya has nearly doubled over the past year, with 3.85 million more borrowers blacklisted by various lenders, primarily digital lending platforms and mobile loan apps. This surge highlights the challenges of President William Ruto’s intervention, which aimed to repair the credit scores of over 4.2 million Kenyans in the last year. According to a new report by TransUnion Africa, a credit reference bureau, the number of Kenyans negatively listed by various credit reference bureaus (CRBs) reached 7.74 million in the first quarter of this year. This marks a staggering 99.2 percent increase from the
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