The Credit Reference Bureau (CRB) directive applies for businesses with loans of Sh5 million or less. 

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CRB freeze: Pyrrhic victory for millions of borrowers

What you need to know:

  • The President also ordered banks and other financial institutions to restructure loans.
  • Last year, a similar moratorium between April and September was issued by the Head of State.  

The imperious army of King Pyrrhus of Epirus, part of present day Greece, defeated the Roman Empire during the battles of Heraclea and Asculum in 280 and 279BCE, respectively. 


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