Stakeholders Launch ‘Chora Plan’ Campaign to Boost Financial Literacy
The Kenya Bankers Association (KBA), in partnership with the Central Bank of Kenya (CBK) and other stakeholders, this week launched the Chora Plan' (Plan Your Money) financial literacy campaign aimed [...]
Kenya’s Inflation Rate Down to 5.7% in March on Flour, Fuel Price Drop
Kenya’s monthly inflation, as measured by the Consumer Price Index(CPI) fell to 5.7% in March compared to 6.3% in February, the first time it has fallen below 6% in two [...]
Could Kenyan Consumers be Borrowing to Repay Their Loans?
Tala Money March report, a research conducted among consumers to understand the impact of cost of living and how credit is helping them, shows that Kenyans could be borrowing to [...]
CBK Govt. Securities Trading Portal Wins Global Award
Central Bank of Kenya's (CBK’s) DhowCSD platform has been named the winner of Central Banking’s Payments and Market Infrastructure Initiative Award. CBK’s DhowCSD platform went live on July 31, 2023, [...]Kenyans Resort to Cheaper Brands as Inflation Bites-Old Mutual
Kenyans are moving to cheaper brands and cheaper rented property as a way of managing expenses resulting from high inflation in the country recently, an Old Mutual Financial Services survey [...]KRA Launches New eTims Lite for Informal, Small Biz Sector
Kenya Revenue Authority (KRA) has said that all persons carrying on business such as those in the Informal Sector and Small Businesses will be required to electronically generate and transmit [...]Equity Bank Adjusts Cost of Credit, Other Lenders Soon to Follow
Banks have begun adjusting the price charged for loans to borrowers, a trend that is expected to pile pressure on most households that are already dealing with the rising cost [...]SACCOs' Huge Returns Despite Harsh Economic Conditions
Savings and Credit Co-operative Societies (SACCOs) engaged in the deposit-taking have continued to pay huge dividends and rebates to members as shown by the number of societies that have already [...]Kenyans Under Extreme Financial Distress-Old Mutual Report
Kenyans in their majority are increasingly postponing decisions to take up insurance, save, or invest due to stagnated income streams, according to an inaugural financial services monitor report by Old [...]High Cost of Living Pushes Kenyans to Survival Tactics-Infotrak Survey
A majority of Kenyans 73 per cent are either in a severe financial distress or struggling to make ends meet pointing to urgent need of correcting the country’s economic situation [...]How Metropolitan National Sacco Lost KSh 12 Billion to Insiders
In a well-organized syndicate that involved some of its former and present senior staff and board directors, the 47-year-old Metropolitan National Sacco lost KSh 12 billion through theft and embezzlement, [...]How to Build and Protect your Wealth in 2024
The dawn of a new year comes with fresh opportunities, renewed energy, and the chance to redefine your personal finance and investment trajectory. Money management is key to accomplish your [...]
