Equity Group to acquire 66% of Congolese bank

By Duncan Mutwiri,

Equity Group Holdings (EGH) is on track to acquire a majority stake in the Banque Commercial du Congo. On Monday, the bank reported its purchase ag...

Equity Group Holdings

CBK boss warns banks against taking advantage of Kenyans

By Kepha Muiruri,

Central Bank of Kenya (CBK) Governor Patrick Njoroge has cautioned banks against side-lining borrowers in the aftermath of the interest rate caps repe...

CBK , KBA

‘Greedy’ lenders to blame for feared hike on bank loan rates

By Kepha Muiruri,

The interest rate charged on your new loan is inevitably set to rise in the aftermath of the interest rate cap repeal in spite of assurances from the ...

CBK , Finance Act , interest rate caps , KBA , Treasury

Kenya bankers welcome Uhuru repeal on interest rate cap

By Paul Ombati,

Kenya Bankers Association chairperson Joshua Oigara has welcomed the repeal of the interest rate cap which President Uhuru Kenyatta assented to His...

bankers association , oigara

Safaricom showcases Kenya at Singapore Fintech festival

By Duncan Mutwiri,

Safaricom has urged innovators at the Singapore Fintech festival to exploit opportunities in the Kenyan industry. The company's Chief Financial Off...

Safaricom , Singapore Fintech festival

Banks free to set higher interest rates as Uhuru approves Finance Bill

By Kepha Muiruri,

President Uhuru Kenyatta has signed into the law the Finance Bill 2019 giving nod to among other provisions, the free setting of interest rates by com...

Finance Bill 2019 , interest rate caps , KBA

Banks promise not to take advantage of interest cap removal

By Kepha Muiruri,

Banks have vowed not to go back to the exorbitant interest rates they were charging before the introduction of the rate caps which was removed on Tues...

CBK , interest rate caps , KBA

MPs leave Kenyans at the mercy of banks as rate caps fall

By Kepha Muiruri,

Members of Parliament (MPs) have left Kenyans at the mercy of banks on the rate charged on new loans as the interest rate caps fall. In a chaotic v...

Unga shortage pushes October inflation to 2-month high

By Kepha Muiruri,

A notable rise in prices of major food commodities including maize grain and sifted maize flour saw October's inflation rise to a two-month high 4.95 ...

Inflation , KNBS , unga prices

IMF anxious to see jump in Kenya’s tax base

By Kepha Muiruri,

The International Monetary Fund (IMF) has pinned taxes as the central pillar to the attainment of a satisfactory fiscal consolidation program as the c...

CBK , IMF , National Treasury

BWIRE: Why Nairobi light rail system is the best option

By Benjamin Muriuki,

By Victor Bwire Hey wait a minute. How does the Nairobi City urban plan look like? Is it there in the first place? While the Government, mostly...

SGR

Royal Media Services among top 100 best companies to work for in Kenya

By Ian Omondi,

Royal Media Services (RMS) is one of the best companies to work for in Kenya, according to a new report released on Wednesday by Brighter Monday. T...

brighter monday , Royal Media Services , Safaricom

Kipruto to defend title, Chebet out of Ndalat Gaa XC

By Gilbert Kiprotich,

Wold 10,000m bronze medallist Rhonex Kipruto will defend his title at the 11th edition of Ndalat Gaa Cross Country set for tomorrow in Paul Boit Farm,...

Ndalat Gaa Cross Country , Rhonex Kipruto , Sandrafelis Chebet

Uhuru sides with banks, calls for removal of interest rate caps

By Kepha Muiruri,

President Uhuru Kenyatta has declined to sign the Finance Bill, 2019 following the move by Members of Parliament to retain interest rate caps. In a...

CBK , interest rate caps , KBA , Uhuru kenyatta

Why Uhuru’s second SGR train fails basic commuter logic

By Kepha Muiruri,

President Uhuru Kenyatta boarded the inaugural Nairobi-Suswa train on Wednesday, pushing the ignition on what seems to be the start of unfathomable co...

SGR , Suswa , Uhuru kenyatta

Bank mergers out do acquisitions in profitability

By Kepha Muiruri,

The consolidation of banks through mergers has emerged as a more profitable venture in comparison to acquisitions, fresh data from the Central Bank of...

Central Bank of Kenya (CBK) , mergers and acquisitions

KCB to keep National Bank of Kenya running as a separate brand

By Kepha Muiruri,

The KCB Group is expected to keep the National Bank of Kenya (NBK) brand running on the side as a distinct brand over the long-term. The lender who...

Joshua Oigara , KCB , NBK

Unaccounted for mattress money that never returned into circulation

By Kepha Muiruri,

The Central Bank of Kenya (CBK) managed to put to waste sums greater than the reported Ksh.7.4 billion worth of the demonetized Ksh.1000 notes, financ...

CBK , demonetization , old notes , patrick njoroge

Here is what will happen to your old Ksh.1000 notes

By Kepha Muiruri,

The Central Bank of Kenya (CBK) will shred and package the entire sum of 209.7 million of the collected old series Ksh.1000 notes before destroying th...

CBK , demonetization , old Ksh.1000 notes , patrick njoroge

Old notes worth Ksh7.4B now worthless, CBK says

By Kepha Muiruri,

Kenyans returned Ksh.209.7 billion worth of notes in the recently completed demonetization cycle. According to the Central Bank of Kenya (CBK), the...

CBK , patrick njoroge