Ex-CBK Governor Says Interest Rate Cap Law is Not a Solution to Cheap Credit
The former Central Bank of Kenya governor has commented on the interest rate capping law after the finance committee turned down a proposal from the CBK to repeal the law. [...]
Jumia Announces Financial Results for the 1st Time
Jumia, the top e-commerce platform in Africa, has announced its financial results for the first time with the aim of increasing stakeholders’ confidence. In 2017, Jumia reported an 80 percent [...]HF Group granted approval to offer custodial services
Housing Finance (HF) Group through its banking subsidiary has received the green light from the Capital Markets Authority (CMA) and Central Bank of Kenya (CBK) to provide custodial services to [...]
Proposed Betting Bill Reduces Revenue Tax to 15% But Introduces 20% Withholding Tax
Betting companies could soon be paying a tax of 15 percent after the Treasury proposed its reduction from 35 percent. The proposed 15 percent tax will be tabled in the [...]14 Lake Region Governors Set to Acquire Bank Under Economic Bloc
Fourteen governors have said they will acquire an existing bank under the Lake Region Economic Bloc (LREB) to propel their development agenda. Wycliffe Oparanya, LREB chairman and Governor Kakamega County [...]President Uhuru Supports Move to Repeal or Modify Interest Rate Cap Law
During a meeting at Chatham House in London on Tuesday, President Uhuru supported plans to repeal or modify the interest rate capping law which has not made the intended impact [...]Trust in Govt Businesses in Kenya Drops- Edelman Report
According to the 2018 Edelman Trust Barometer, Kenyans’ trust in government and businesses decreased in 2017. Compared to the rest of Africa, the percentage of trust in both institutions stands [...]Fresh Produce Exports Contribute Sh115.25B in 2017
Fresh Produce Consortium (FPC) of Kenya, a trade association in the fresh produce sector, has announced that Kenya earned Sh115.25 billion from fresh produce exports in 2017. This is an [...]Govt is Examining the Blockchain to Stop Illicit Cash Transfers President Uhuru
The government is examining the blockchain to stop illicit cash transfers according to President Uhuru. Speaking at the Chatham House in London on Tuesday the President said the government is [...]Kenya Power to Increase Revenue with Outdoor Meters
Kenya Power has introduced an outdoor meter installation project for large power consumers to increase revenue collection from. The company has invested Sh3.2 billion in the outdoor and in-house installation [...]Carrefour officially Opens Sarit Center Branch
Carrefour, the French hypermarket, has opened its fifth outlet at the Sarit Center shopping mall in Nairobi, occupying the space that was vacated by Uchumi Supermarket. However, once the new [...]Tala Secures Sh6.5B in Series C Funding to Boost its Lending Services
Tala, one of Kenya's leading mobile lending apps has announced that it has acquired Sh6.5 billion in its Series C funding. The funds will be used in product development, increasing [...]
