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Companies Barclays sounds the alarm on banking overregulation Wednesday, June 5, 2019 20:53 By PATRICK ALUSHULA Barclays Bank of Kenya #ticker:BBK says it sees banking services possibly becoming more costly in the near future due to increased regulations in the sector. The lender, with more than 100-years presence
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Companies Reprieve for firm in Sh300m loan dispute with I&M Wednesday, June 5, 2019 20:55 By RICHARD MUNGUTI I&M Bank has been temporarily stopped from auctioning property belonging to a plastic bags manufacturer in order to recover an outstanding loan of over Sh300 million pending
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News Loan defaulters to get notice before CRB listing Thursday, June 6, 2019 10:33 By PATRICK ALUSHULA Loan defaulters will soon be entitled to a 30-day notice from lenders before their names are submitted to credit reference bureaus (CRBs) for listing, in new Central Bank of Kenya (CBK) regulations
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News Uhuru appoints Patrick Njoroge as CBK chief for a second term Thursday, June 6, 2019 10:42 By BRIAN NGUGI President Uhuru Kenyatta has appointed Dr Patrick Njoroge for a second and final four-year term as Central Bank of Kenya (CBK) governor. The reappointment effective June 18, 2019 was
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News Banks to update ATMs for new currency Wednesday, June 5, 2019 13:02 By EDWIN OKOTH Banks will now have to reconfigure their automated teller machines (ATMs), acquire new cash counting machines and upgrade their software to accommodate the new currencies introduced to the market last Saturday. The new
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Economy 83pc of bank notes to be withdrawn by October 1 Tuesday, June 4, 2019 10:51 By EDWIN OKOTH More than 80 percent of the value of Kenyan currency notes in circulation will be withdrawn by October 1 following the introduction of the new Sh1,000 notes in a
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Companies KCB Group funds teachers meeting Monday, June 3, 2019 21:24 By KEVIN ROTICH KCB #ticker:KCB has reaffirmed its commitment to sponsor the upcoming head teachers’ conference in Mombasa. The bank committed Sh20 million to the Kenya Secondary School Heads of Association (KESSHA), ahead of their 44th Annual
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The central banks of neighbouring countries have been warned to be on the lookout for individuals who might want to launder Kenyan money. Local banks and forex bureaus are also on high alert after the State set out to ensure that illicit money does not enter the financial system with
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News Kenyans holding more than Sh5m to contact CBK for new currency - VIDEO Monday, June 3, 2019 14:57 By JOHN MUTUA Kenyans holding more than Sh5million in cash will be required to contact the Central Bank of Kenya (CBK) in order to get the new Sh1000 notes. "
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- Njoroge was appointed in June 2015, and became the ninth CBK governor after Njuguna Ndung’u - He was appointed alongside his deputy M'Mbijjewe and CBK board chair Nyaoga - Having been appointed on same day, terms of all three top executives are expected to expire at
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The dream of becoming an overnight millionaire ended one night for Nancy Wanjiku when she woke up and Sh400,000 was gone. This was not a heist. She had put in Sh200,000 which grew literally on the screen of her mobile phone in sophisticated charts and doubled to Sh400,
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Savings and credit societies (saccos) which together have a controlling stake at Co-operative Bank, have received a Sh3.8 billion dividend windfall. This is after Co-operative Bank shareholders approved a dividend payment of Sh1 per share at an annual general meeting last week. This year’s dividend payment is the