Yu Free Life Insurance Cover; What you need to know
Mobile operator yuMobile has today launched an Insurance scheme that gives a life and disability insurance cover for its pre-pay subscribers. Dubbed yuCover, the product is underwritten by Jubilee Insurance and powered by MicroEnsure. YuCover rewards yuMobile subscribers with…
The Cost of an Undergraduate Degree in Kenya
Since the introduction of the Module II programme 10 years ago universities have been expanding to accommodate the new students. This has led to an increase in fees. So just how much do you have to choke up for a degree these days?
KCB Reduces Lending Rates
KCB Bank Group has announced that it will be lowering its base rates effective 1st October 2012. The bank will lower its base lending rates to 19% down from 22%. This comes a week after the Central Bank of Kenya lowered its…
Standard Chartered Unveils 'Platinum Credit Card'
Standard Chartered Bank has unveiled a new value added credit card dubbed Platinum Credit Card in Kenya. The card which is a Visa card allows holders to make purchases and payments for goods and services on credit all over the world. The card comes with…
Elections and Your Finances
A democracy is arguably the best form of government humanity has come to agree with. To date, a people of every other form of government globally fight towards achieving a democracy. Our nation is gifted with one and it is something we pride ourselves with, even with all…
Signs For Cheaper Loans as CFC Lowers Rate
After the Central Banks move to lower base lending rates last week, commercial banks have started lowering their rates in a move that would see borrowers access cheaper loans in the near future. CFC Stanbic Bank has announced that it will be lowering its lending…
Barclays Launches Mobile Money Service
Barclays Bank of Kenya has officially launched a first of its kind mobile money transfer service dubbed PINGIT to boost mobile commerce and Diaspora remittances for Kenyans living in the United Kingdom. The new PINGIT service allows Barclays customers to experience convenient money transfer solutions…
21% KQ Staff Accept Layoff Package
Kenya Airways has announced the completion of its staff rationalization programme which it says has been a success. The rationalization program has since seen 126 employees representing 21 % of the estimated 600 members of staff that will leave the airline, volunteering to take up…
Relief For Borrowers as CBK Cuts Base Rate Again
The Central Bank‘s Monetary Policy Committee has announced a reduction in the base lending rate (Central Bank Rate) by 350 points to 13% down from 16.5%, a rate set in July. This is a welcome move for borrowers as banks are expected to lower interest rates…
Central Bank Rate, What We Expect
The Central Bank of Kenya‘s Monetary Policy Committee will be meeting today for the first time since setting the bi-monthly meetings. The last time the committee met in June, they reviewed the Central Bank’s base lending rate downwards to 16.5% from 18%. The MPC cited…
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