Barabados Prime Minister Mia Mottley has lauded Safaricom's M-Pesa as a noble innovation. Speaking at the Micheal Joseph Center in Nairobi on Wedne...
The Central Bank of Kenya (CBK) has assured Kenyans to the retention of affordable loans in the post rate cap environment in its attempt to demystify ...
Central Bank of Kenya (CBK) Governor Patrick Njoroge has cautioned banks against side-lining borrowers in the aftermath of the interest rate caps repe...
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 ...
Kenya Bankers Association chairperson Joshua Oigara has welcomed the repeal of the interest rate cap which President Uhuru Kenyatta assented to His...
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...
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...
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...
The Kenya Revenue Authority (KRA) owes commercial banks an estimated Ksh.13.3 billion in irrecoverable taxes mirroring on the sector’s disproportion...
Commercial banks will begin covering deposits for an estimated 98 percent of customers as from July next year. This follows amendments of provision...
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. ...
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...
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...
Combined, commercial banks are now holding more cash reserves than ever before even as the private sector languishes in a cash-crunch strangle hold. ...
KCB Group has trimmed its final payout to deposits held under the Imperial Bank Limited in Receivership (IBLIR) by Ksh.6.5 billion in a revision of it...
Growth in earnings by commercial banks will soon grind to a halt under prevailing macro-economic conditions, the Kenya Bankers Association (KBA) has w...
Stanbic Bank has accepted the voluntary retirement of 88 of its staff members under its ongoing rationalization plan which is embedded on cost-cutting...
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...
Digital payments have continued to rise inconspicuously to break the trend of cash dominance discretely, even as cash remains king in the settlement o...
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...