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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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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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Banking staff to get 6% pay raise in new CBA
By Kepha Muiruri,
1919, September 11, 2019 (EAT)
Bank employees are set to receive a six percent raise on their salaries following a new agreement between the Banking, Insurance and Finance Union (BI...
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Banks holding more money than ever before as Kenyans suffer empty wallets
By Kepha Muiruri,
1105, September 10, 2019 (EAT)
Combined, commercial banks are now holding more cash reserves than ever before even as the private sector languishes in a cash-crunch strangle hold. ...
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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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88 Stanbic employees jobless after bank’s voluntary retirement plan
By Kepha Muiruri,
1004, August 23, 2019 (EAT)
Stanbic Bank has accepted the voluntary retirement of 88 of its staff members under its ongoing rationalization plan which is embedded on cost-cutting...
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Banks ask parliament to revise interest rate capping law
By Kepha Muiruri,
1959, August 21, 2019 (EAT)
Commercial Banks now say if parliament will not repeal the interest rate capping law, it should at least widen the capping band to allow flow of credi...
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Digital payments on the rise in hidden-sight
By Kepha Muiruri,
2009, August 19, 2019 (EAT)
Digital payments have continued to rise inconspicuously to break the trend of cash dominance discretely, even as cash remains king in the settlement o...
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Real estate brokers ease fears of sector crashing even as property prices fall
By Kepha Muiruri,
1233, July 23, 2019 (EAT)
Developers in the real estate industry have quelled fears of an impending crash to one of Kenya’s key economic segment even as property prices remai...
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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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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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Equity defies expensive lender-tag to grow loans to Ksh.297.2B
By Kepha Muiruri,
1232, March 27, 2019 (EAT)
Equity bank has defied its expensive lender-tag to grow its share of loans and advances by 6% to Ksh.297.2 billion to equal and surpass the average lo...
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Consumer Federation seeks recourse on rate-cap ruling
By Kepha Muiruri,
1010, March 19, 2019 (EAT)
The Consumer Federation of Kenya (COFEK) has filed an application in court, objecting last week’s High Court directive to scrap off holds on interes...
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Removal of interest caps an old conversation – Oigara
By Kepha Muiruri,
1925, March 6, 2019 (EAT)
Kenya Bankers Association (KBA) Chairman and KCB Chief Executive Officer Joshua Oigara has hinted at the sector’s acceptance of the prevailing inte...
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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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