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Equity Bank half year net profit hits Ksh.12 billion
By Kepha Muiruri,
2042, August 1, 2019 (EAT)
Equity Group has announced a nine percent increase in net profit for the first six months of 2019 to Ksh.12 billion. The lender’s notable surge i...
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COMESA heads keen on SME growth in push for intra-regional trade
By Kepha Muiruri,
1835, July 17, 2019 (EAT)
Heads of State drawn from the Common Market for Eastern and Southern Africa (COMESA) are keen to see the incorporation of small and medium enterprises...
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Highest paying jobs in Kenya found in financial services, energy sector
By Faizal Ahmed,
1328, July 10, 2019 (EAT)
Financial services and the energy sector are the highest paying jobs in Kenya a study from ICEA Lion has revealed. Between 2014 and 2018, financial...
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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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Budget 2019: Treasury misses the mark, no relief for Kenyans
By Kepha Muiruri,
2020, June 13, 2019 (EAT)
Treasury CS Henry Rotich's presentation on the financing of the 2019/20 budget estimated at Ksh.3.02 trillion has missed its mark in providing any sub...
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Rotich to table Ksh.3T budget amidst discontent over Kenya’s growing debt
By Kepha Muiruri,
1438, June 13, 2019 (EAT)
Treasury CS Henry Rotich is expected to table the State’s Ksh.3.02trillion budget projections on Thursday afternoon. He will be bringing the gove...
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Nairobi to host first Africa Business Ethics Conference
By Benjamin Muriuki,
1702, June 11, 2019 (EAT)
Nairobi is expected to play host to the inaugural Africa Business Ethics Conference in June this year. The two-day conference will run from June 25...
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CBK warns of impending disruption to mobile-money services
By Kepha Muiruri,
1423, May 30, 2019 (EAT)
Governor to the Central Bank of Kenya (CBK) Patrick Njoroge has warned of an impending disruption to mobile-money services, this as innovation in glob...
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Barclays registers flat quarterly growth as transition to ABSA hits earnings
By Kepha Muiruri,
2002, May 29, 2019 (EAT)
Barclays Bank Kenya (BBK) has announced a flat Ksh.1.9 billion growth in quarterly earnings to March 31, 2019, this as the lender’s transition into ...
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Innovation key in provision of affordable housing, says President Kenyatta
By PSCU,
1606, May 29, 2019 (EAT)
President Uhuru Kenyatta has said the Government is working on innovative ways of delivering affordable houses to Kenyans. The President said the g...
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CBK retains lending rate at 9 percent
By Kepha Muiruri,
953, May 28, 2019 (EAT)
Central Bank’s Monetary Policy Committee (MPC) has for the sixth time running kept the effecting lending rate at 9 percent signaling a wait-and-see ...
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5 banks roll out cheap SME loans at 9% rate
By Kepha Muiruri,
2055, May 20, 2019 (EAT)
Proprietors of small enterprises across the country can heave a sign of relief as five tier one lenders move to pilot lending on a Central Bank Rate, ...
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No employees should be sacked in CBA-NIC Group merger, banks told
By Reuters,
1951, May 14, 2019 (EAT)
The Competition Authority of Kenya approved has a proposed merger between Commercial Bank of Africa (CBA) and NIC Group, the regulator said in a state...
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Blurred credit information a weakness to digital lending
By Kepha Muiruri,
1443, April 29, 2019 (EAT)
The employment of mobile applications in the issuance of credit in the country has grown from a relatively non-existent position to become central to ...
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Treasury on the spot as Kenya’s debt dominates talks at National Assembly retreat
By Citizen Reporter,
1603, April 28, 2019 (EAT)
Matters Kenya's Debt Management and Pending Bills dominated the second day of the National Assembly Leadership Retreat, with MPs calling on the Nation...
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Equity acquires Ksh.10bn loan to extend financing to SMEs
By Kepha Muiruri,
1925, April 9, 2019 (EAT)
Equity Bank Kenya has acquired a Ksh.10 billion syndicated loan from the International Finance Corporation (IFC) to extend its loan book to small and ...
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World Bank contradicts Gov’t economic outlook, says growth to slow in 2019
By Kepha Muiruri,
1504, April 9, 2019 (EAT)
Kenya’s economic growth is expected to marginally ease in 2019 owing largely to jitters in agricultural productivity from the delayed onset of long-...
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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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CBK in court to back removal of interest caps
By Kepha Muiruri,
2020, March 28, 2019 (EAT)
The Central Bank of Kenya (CBK) has filed a cross-petition in court to defend its stand for the total removal of interest caps by commercial banks. ...
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CBK keeps crucial lending rate unchanged at 9 percent
By Kepha Muiruri,
2007, March 27, 2019 (EAT)
The Central Bank of Kenya (CBK) has kept its key lending rate to banks at 9 percent unchanged since July 2018. CBK's Monetary Policy Committee (MPC...
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