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Banks fall short of transparency test by Kenyans, study reveals
By Kepha Muiruri,
1325, March 3, 2020 (EAT)
Local banks have fallen short of the transparency test by customers on the pricing and documentation of products and services, a new survey shows. ...
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KRA owes banks Ksh.13B in irrecoverable taxes – report
By Kepha Muiruri,
1422, October 16, 2019 (EAT)
The Kenya Revenue Authority (KRA) owes commercial banks an estimated Ksh.13.3 billion in irrecoverable taxes mirroring on the sector’s disproportion...
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Lenders to cover Ksh.500K after Chase Bank, Imperial, Dubai saga
By Kepha Muiruri,
1223, October 1, 2019 (EAT)
Commercial banks will begin covering deposits for an estimated 98 percent of customers as from July next year. This follows amendments of provision...
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Kenyans break ‘last minute’ stereotype as deadline for old Ksh.1K notes closes
By Kepha Muiruri,
2016, September 30, 2019 (EAT)
Commercial Banks registered average to routine operations on Monday as the window to change over to the new currency Ksh.1000 notes came to a close. ...
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Businesses break off use of old Ksh.1000 notes days to Oct 1 deadline
By Kepha Muiruri,
1945, September 23, 2019 (EAT)
Consumers looking to transact in the old series Ksh.1000 note face the risk of rejection by businesses as many of the enterprises dissociate themselve...
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Banks profitability heading for the rocks, KBA warns
By Kepha Muiruri,
1029, August 27, 2019 (EAT)
Growth in earnings by commercial banks will soon grind to a halt under prevailing macro-economic conditions, the Kenya Bankers Association (KBA) has w...
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How the rate cap sparked change to an ‘indisciplined’ financial sector
By Kepha Muiruri,
1649, June 22, 2019 (EAT)
The interest rate cap has brought a substantial level of positive change to the financial sector this in spite of its well documented regressive effec...
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Why new notes are taking time to hit your wallet
By Kepha Muiruri,
1245, June 7, 2019 (EAT)
While a number of Kenyans have already gotten their hands on the new age currency notes, a similar proportion is yet to interact with the new notes to...
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‘CRB should stop listing individuals over Ksh.100 debt ’- Olaka
By Kepha Muiruri,
1557, May 25, 2019 (EAT)
Commercial banks have welcomed the ongoing conversation to review the law governing Credit Referencing Bureaus (CRBs), highlighting on gross inconsist...
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Mortgage accounts poised to increase with KMRC launch
By Kepha Muiruri,
2049, May 22, 2019 (EAT)
The Kenya Mortgage Refinancing Company (KMRC) launched on Wednesday by President Uhuru Kenyatta is expected to double the number of mortgage accounts ...
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Controversy of overvalued shilling: Why Central Banks intervene globally
By Kepha Muiruri,
814, May 14, 2019 (EAT)
An International Monetary Fund (IMF) report has ignited the debate on the true value of the Kenyan shilling. This after another study by Amana Capi...
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FULL LIST: Uhuru appoints former MPs, Governor to top parastatal jobs
By Benjamin Muriuki,
1616, May 4, 2019 (EAT)
A handful of individuals who lost in the last General Election have been awarded plum parastatal jobs as board directors and board members. In also...
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SME credit guarantee a piece of a larger jigsaw – Experts
By Kepha Muiruri,
1849, April 8, 2019 (EAT)
Stakeholders in the micro, small and medium enterprises (MSME) space have welcomed the establishment of a credit guarantee scheme by government termin...
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Legislators unstirred by rate-cap ruling
By Kepha Muiruri,
1209, March 16, 2019 (EAT)
Legislators have vowed to ensure the continued hold of interest earnings from commercial banks’ lending, playing down a hint at a return to expensiv...
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Kenyan banks lose Ksh.50M daily as hackers wreak havoc
By Faizal Ahmed,
931, January 31, 2019 (EAT)
The Directorate of Criminal Investigations (DCI) on Wednesday published posters with the faces and names of 130 suspects wanted for hacking into bank ...
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Kenya’s private sector mulls creation of corruption referencing bureau
By Kepha Muiruri,
1953, January 24, 2019 (EAT)
Players drawn from Kenya’s private sector are pondering the creation of a corruption referencing bureau in the course of the next five years, in an ...
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Banks shy away from farmers over waiver culture
By Sophie Kinoti,
1838, July 26, 2018 (EAT)
Government debt relief to small holder farmers has seen most lenders become hesitant to offer loans. According to a report by the Kenya Bankers’ ...
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Banks to shift to risk based deposit insurance plan
By Kepha Muiruri,
1818, May 9, 2018 (EAT)
Commercial banks insurance premiums on customer deposits could soon rise with plans to move to a new risk based model. Currently banks pay a flat r...
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Banks cut out ‘middleman’ with PesaLink launch
By Mumbi Warui,
2020, February 16, 2017 (EAT)
12 banks have been cleared by the central bank of Kenya to run and operate industry based mobile money transfer platform. PesaLink, a brainchild of...
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Gov’t will not arrest drug addicts – County Commissioner
By Nicky Gitonga,
1704, February 9, 2017 (EAT)
Kwale County Commissioner, Kutswa Olaka, has assured 4,200 victims of drugs addiction in the county that the government will neither harass nor arrest...
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