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Companies Equity rated best bank in Think Business awards Monday, May 20, 2019 21:23 By JOHN MUTUA Kenya’s second-biggest lender by assets, Equity Group #ticker:EQTY, shrugged off competition to win the overall best bank at the 2019 Think Business Awards. Equity won in sustainable corporate responsibility, mobile
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Enterprise Faulu awarded as the leading microfinance bank of 2019 Monday, May 20, 2019 20:54 By JAMES KARIUKI Judges at Think Business awards feted Faulu as the 2019 Microfinance Bank that saw it take home several awards. The bank, represented by its Managing Director, Apollo Njoroge, Risk and Compliance
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News Kenya headed for stable growth, healthy forex reserve, shows study Monday, May 20, 2019 20:36 By PAUL REDFERN 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)
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News Five banks launch Sh30,000 SME loans Monday, May 20, 2019 20:35 By BRIAN NGUGI Five commercial banks have unveiled a Central Bank of Kenya-backed loan facility targeting small businesses. Micro, small and medium enterprises (MSMEs) will be allowed to access unsecured loans ranging between Sh30,000 and
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The Central Bank of Kenya in partnership with five commercial banks are set to avail low-interest loans to micro, small and medium enterprise traders on mobile phones. This will be through the mobile-based credit scheme dubbed Stawi targeting at least 13,000 traders in the first round. CBK Governor Dr
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Personal Finance New mortgage agency brings home ownership to masses Monday, May 20, 2019 19:12 By FELIPE JARAMILLO | For long, households earning less than $1,500 (Sh150,000) per month in Kenya have been locked out of the mortgage market due to high housing prices on offer and short
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Players in the Small and Medium Scale Enterprise (MSMEs) sector have received a major boost after the CBK in partnership with five banks launched a mobile lending scheme set to see them receive loans of up to KSh 250,000. The loan product, branded as Stawi, will be made accessible
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By JAMES ANYANZWA More by this Author Efforts by central banks in East Africa to ensure full convertibility of regional currencies and reduce reliance on the US dollar are facing hurdles even as it emerges that banking regulators had planned to implement the project in September. Member countries are still
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You have an emergency, no cash at hand; so frustrating. You wish you could find a financial institution that would just process and disburse your loan request in real time. Sounds familiar? You can rely on the Okolea loan app for such emergencies. Image: twitter.com, @okoleaint Source: UGC Okolea
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Companies StanChart spends Sh611m on layoffs Sunday, May 19, 2019 21:00 By PATRICK ALUSHULA Standard Chartered Bank Kenya #ticker:SCBK spent Sh611 million last year to lay off staff, being 3.5 times higher than in the previous year as it deepened its digital banking strategy. Details contained in
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Market News Kuscco to take on insurance firms Sunday, May 19, 2019 21:00 By PATRICK ALUSHULA The Kenya Union of Savings and Credit Co-operatives Ltd (Kuscco) has launched an insurance arm, Kuscco Mutual Assurance Ltd (KMAL), targeting at least Sh1 billion in annual premiums mostly from cooperative movement members.
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Columnists LETTERS: Regulate mobile phone loans to protect consumers Sunday, May 19, 2019 21:00 By ANGELA MUTUNGI | Over-indebted Kenyans juggling and struggling to repay multiple digital lenders is the grim reality. But regulatory intervention cannot and should not be driven by irresponsible or poor borrowing choices. However, if unfair