Why You Need Mobile Banking
It is Friday evening, the last week of the month and you have been waiting for payday so patiently. The day is finally here and you checked with accounts to make sure transfers were done on Tuesday. Whatever the circumstance, the money is in the account. You did…
KCB Extends Banking Hours in more Branches
KCB Bank has extended banking hours in several of its branches in Nairobi and one in Kisumu. KCB has announced that it will extend banking hours for the Nairobi branches to 10 hours a day. This, the bank says, will give its customers who have busy day schedules…
Relief for Matatu Users as Rush-Hour Arrests Banned
Commuters in Nairobi can now sigh with relief following a directive to ban all morning and evening matatu arrests. Matatus which most of Nairobi’s commuting population depends on for transport are known for their traffic law breaking culture which has always seen them cracked down and impounded by authorities. The…
SACCO Loans Saving Kenyans from High Interest Rates
More Kenyans are signing up with Savings and Credit Cooperatives (SACCOs) for saving, loans and as investment vehicles. According to a supervisory report released by the Sacco Societies Regulatory Authority (SASRA) for the period ending December 31, total assets for the 215 Saccos licensed to…
CFC Chief Shareholder to take up 60% of Rights Issue
CFC Stanbic Holdings‘ key shareholders Stanbic Africa Holdings Limited (SAHL) has disclosed that it will take up its full entitlement in the upcoming Rights Issue. This has been revealed by the CFC Stanbic Holdings(CSH) board in a statement on the disclosure of…
CMA approves CFC Holdings Rights Issue
The Capital Markets Authority (CMA) yesterday approved a Rights Issue for CfC Stanbic Holdings. A statement from CMA says that the Rights Issue was approved in accordance with the requirements of Regulation 11 of the Fourth Schedule to the Capital Markets Regulations,…
Why Finance Players are Looking to the Diaspora
With Kenyans abroad remitting US$ 891.1 million (KES 7.49 billion) into the country in 2011 banks and other financial institutions are dashing to tap into this market. Just how practical is all of this hullabaloo?
Incoming Ecobank Group CEO Visits Kenya
Mr. Thierry Tanoh, the incoming Group Chief Executive Officer– Designate of Ecobank Transnational Incorporated (ETI) is in Kenya for a two day visit. The trip marks his first official visit to the country since his appointment in July 2012 effectively taking over from Mr. Arnold…
NSSF to Hold AGM for the First Time in Half a Century
The National Social Security Fund (NSSF) announced yesterday that it will hold the first general meeting in almost half a century. The AGM will be held on 17th September, 47 years since the last one, which was held in 1965. According to board of…
Barclays To Launch UK-Kenya Mobile Money Service
Barclays Bank will launch a person-to-person payments service that enables people to send and receive money using mobile phone numbers from the UK to Kenya. Launched in the UK earlier this year, Pingit, allows users to download a free, password-protected app for…
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