SACCO Loans and Bank Loans
The hard times of the past few years have been a blessing in disguise for many people in Kenya with more individuals becoming financially self aware. This in turn has raised awareness and need for people to keep themselves financially secure by saving and investing through different vehicles.
Kenya Needs More Education Loan Providers
Kenya has seen a growing demand for tertiary education, with a steady rise in enrolment and an increase in private universities to 21 in 2008 from 3 in 1985. And it doesn't seem like the education loan providers are growing fast enough
Banking: Why You Need A Bank Account
What is Banking? Banking can be defined as the business activity that involves accepting, safekeeping and management of money by individuals or registered institutions, and then lending (selling the money as credit) to earn a profit from it. The history of banking…
Current Account Vs Savings Account
Quite often, many people who want to save money open accounts with paying to the nature of accounts they open. Many people run current accounts as their savings vehicles. Much as this has no harm really, it would be more beneficial to have a dedicated savings account for savings as…
Is Sex The Easiest Way To Earn A Shilling?
With the Campus Divas page making rounds on social media, and the sexual promiscuity of our youth once more hitting the headlines it's safe to say that sex sells. For how long though? At some point the bills will come in, and the kids, and life. What then?
Could Inflation Fall Affect CBR?
The Kenya National Bureau of Statistics (KNBS) has released Consumer Price Indices (CPI) and rates of inflation for the month of August 2012. The rate of inflation has been on a downward trend since November last year with a drop month-on-month. The overall inflation…
MPs Paid 'Peanuts'?
Kenyan MPs earn a basic salary of KES 200,000 and a total of KES 651, 000 in allowances every month. In total, the honorable members take home KES 851,000 a month on average with other benefits which bring the figure in excess of KES 1 million . Peanuts.
NIC Bank To Close For System Upgrade
NIC Bank will remain closed from Friday September 31st to 2nd September 2012. The bank which will be upgrading its systems will close doors for all over the counter transactions. The bank’s ATM services will be functional through the period. In an email…
High Interest Rates not Beneficial to Banks
The high interest rates that the financial industry has been witnessing are not helping the banks. Although many banks posted growth in pre tax profits in their half year results for the six months to June 2012, experts say the high interest rates have been hurting borrowers, and…
NIC Expects Over-Subscribed Rights Issue
NIC Bank expects an over subscription in its ongoing Rights Issue. According to NIC Bank Group Managing Director James Macharia, the trend will not be different from the previous time when the bank went back to shareholders to raise more capital. Macharia…
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