Equity Bank customers using PayPal to withdraw funds within 3 days
Equity Bank Kenya has partnered with online payment service, Paypal to allow customers to withdraw funds from their PayPal account within three business days reducing it from the previous eight business days. [...]
Tatu City Developer contributes $1 Million to support YALI Project
On the margins of the UN General Assembly, Tatu City developer, Rendeavour pledged to contribute $1 million to the YALI project in order to support President Barrack Obama’s efforts to promote [...]Equity Bank reduces interest rates to 14%
Equity Bank Kenya says it has revised interest rates charged on all its local credit facilities to reflect the new Central Bank Rate(CBR) of 10% which was passed last week [...]Yields on Kenyan 5 and 20 year Treasury bonds fall at latest sale
NAIROBI, Sept 22 (Reuters) The weighted average yield on Kenya's 20-year bond fell at auction to 14.601 percent at this week's auction from 14.836 percent at the last sale [...]Uganda to spend $2Billion on Power Grid in an effort to boost Industrialization
Uganda plans to spend at least $2 billion in the next five years to connect more people to its electricity grid and raise connection rates, a senior executive at sole [...]Safaricom CEO Bob Collymore named Africa Investor Business leader of 2016
Safaricom Chief Executive Officer Mr. Bob Collymore has been named the 2016 International Business Leader of the Year at the 9th annual Africa Investors (Ai) CEO Investment Summit in New York. [...]Kenyan Banks Under Pressure as Central Bank lowers CBR to 10%
In its first meeting since President Kenyatta signed the Banking Amendment Bill 2016 which aims to regulate bank's loan interest rates, the Central Bank of Kenya Monetary Policy Committee met today and lowered its [...]Does the rate Cap Really Apply to Mshwari Mobile Loans?
The Kenyan President few weeks ago signed into law a bill aimed at capping bank interest rates at 4% above the Central Bank of Kenya Rate (CBR). Since then, there [...]Mombasa port cargo up 1.4 pct in first half of 2016
Mombasa Cargo traffic through Kenya's biggest port, Mombasa, increased by 1.4 percent in the first half of this year compared with the same period last year, the port's managing [...]Kenyan Insurance Industry posts slowest growth in Five Years
Kenya's Insurance Regulatory Authority (IRA) has released half year 2016 insurance statistics with industry gross premiums growing by 9.2% compared to 15.3% growth recorded in half year 2015. However, on quarter on [...]Harvard Alumni launches Financial sales platform in Nairobi
Harvard Business School Alumni, Karibu Nyaggah who is the founder of Caytree Partners has launched financial sales platform to enable businesses to sell quickly and easily, track debtors, and know when [...]EABL Named Best Graduate Employer in Africa
East Africa Breweries Limited (EABL), was last week feted at the Employer of Choice Awards organized by African recruitment specialists, Global Career Company. The listed beer maker won the Best Graduate Employer [...]
