Why do Interest Rates Change?
Interest rates seem to be fluctuating quite regularly. The only question left is why? It seems to be a simple issue of supply and demand, but it can't be that simple; can it?
Postbank is now Chase Bank Agent
Chase Bank Kenya has announced that it will be using Postbank branches countrywide as its agents beginning today. In a statement on the official Chase Bank facebook page, the bank said Postbank will from today act as its agent providing clients…
Housing Finance to Sell KES 3B Shillings Bond
Mortgage provider Housing Finance will sell the second tranche of its 7-year bond next month to raise KES 3 billion, the firm announced yesterday. This will be the second and final tranche of a KES 10 billion medium term note that was approved by the…
Differentiate Mortgages From Ordinary Loans
What are the differences between a mortgage and a loan; and why take one when you can take the other?
SACCOs Enhance Access to Financial Services
Kenya is making progress in deepening access to financial services as the number of those not reached by the services reduced to 6.1 million from 6.7 million in 2006. According to a financial access trends study in Kenya (FinAccess) conducted by the Financial…
EABL Unveils New Look Pilsner
East Africa Breweries Limited (EABL) has launched a revitalized new identity for Pilsner Lager. This is part of the brewer’s new strategic direction. The unveiling of the new Pilsner Lager is part of EABL’s market strategy to renew its positioning and rejuvenate a…
UNiPESA to Partner With Chase Bank
Payment solutions provider UNiPESA Kiosk Network will soon partner with Chase Bank to roll out its services in more locations in Nairobi. UNiPESA Kiosk Network is a service that enables one to settle bills through a self-service kiosk by entering the bill…
KQ Gets Delivery of 2nd Fully Owned Embraer
National carrier Kenya Airways has taken delivery of its second fully owned Embraer E-190 in Skyteam livery. The aircraft is the second of eight fully owned Embraer’s that KQ is acquiring this Financial year in its fleet expansion plans.
Interest Rate Spread Too High, Says CBK Governor
In the last two weeks, banks have been lowering the interest they charge on loans after the Central Bank of Kenya (CBK) lowered its rates to 13% from 16.5%. This move has been viewed by many as…
How Samsung, Nakumatt Electronics SACCO Deal Works
Samsung Electronics East Africa and Nakumatt Holdings, have jointly unveiled a new service allowing SACCO members to purchase electronic products on a check off system. In the exclusive partnership dubbed Samsung/Nakumatt Sacco’s check-off access, Nakumatt will provide a dedicated service…
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