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By AFRICAREVIEW.COM More by this Author Kenya is to start a credit guarantee scheme to enable the self-employed and informal sector workers access loans, including for buying homes. President Uhuru Kenyatta said on Tuesday that Treasury was working with development partners to start the scheme that is targeting credit
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Co-operative Bank made 3.6 billion shillings in net profit during the first three months of this year driven by non-interest income and interest income from government securities. The bank increased investment in government securities by 38.6 percent to 103.9 billion shillings. The cap on interest rates that
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The National Hospital Insurance Fund (NHIF) has cautioned the public to be wary of some individuals and groups purporting to collect premiums on its behalf. In a statement Wednesday, NHIF said it was illegal for any unauthorized person or group to purport to collect money on behalf of the Fund.
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China has denied claims that its policies towards Africa and especially Kenya are a "debt trap" owing to the numerous major projects initiated. Yesterday, the new Chinese Ambassador to Kenya Wu Peng downplayed the concerns and said there were no collaterals attached to the loans secured by the
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KCB Lions’ Den will this Friday be closing its call for applications from businesses interested in being part of the television series. There are still a couple of days left, though, so if you haven’t applied yet, here’s what you and your business stand to gain from being
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By PAUL REDFERN More by this Author Kenya’s economic growth is likely to increase to an average of six per cent throughout 2020 to 2023, according to a new report from the Economist Intelligence Unit (EIU). In a generally upbeat analysis of foreign exchange availability and commercial credit for
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News Kenyans wire back Sh1trn in offshore bank accounts Tuesday, May 21, 2019 10:34 By EDWIN OKOTH Wealthy Kenyans have wired back an estimated Sh1 trillion from offshore accounts in the past three years, taking advantage of a tax amnesty offered by the Treasury. The Kenya Revenue Authority (KRA)
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News MCAs who lost seats in 2017 default on car, house loans Tuesday, May 21, 2019 9:43 By DAVID MWERE At least five county assemblies are on the verge of losing millions of shillings in unpaid car loans and mortgages advanced to their respective members who failed to capture
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Proprietors of small enterprises across the country can heave a sign of relief as five tier one lenders move to pilot lending on a Central Bank Rate, equivalent 9 percent rate of return. Dubbed as Stawi, the mobile-based credit scheme is expected to improve access to credit for small to
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Companies Sidian Bank posts Sh22 million profit on income jump Monday, May 20, 2019 21:24 By PATRICK ALUSHULA Sidian Bank has posted a Sh22.2 million net profit in the first quarter ended March, reversing a loss of Sh79.7 million recorded a year earlier. The improved performance was
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Companies MPs query National Bank snub of Auditor-General Monday, May 20, 2019 21:23 By DAVID MWERE The National Assembly wants the management of National Bank of Kenya (NBK) #ticker:NBK to explain why the lender has failed to submit itself for statutory audit by the Office of the Auditor-General