Satellite Universities; Is Demand for Higher Education too High?
78,658 students, with grade C+ and above, were cut off from universities by grades in 2011. Are satellite universities onto something here?
CFC Stanbic Posts 36.5% Rise in Half-Year Profit
CfC Stanbic Bank has reported a pretax profit of KES 1.86 billion for the six months to June 30th 2012 up from KES 1.40 billion the same period last year. This represented a 32.9% jump in pretax profit for the first half of the year.
No Extension on Counterfeit Switch Off Deadline
The Communication Commission of Kenya has said it will not extend the set deadline for switching off counterfeit mobile phones in the country. The regulator has set the deadline at 30th September 2012, after which all counterfeit mobile phones on Kenyan networks will be switched…
Kenya Power Promises Low Power Bill
Kenya Power announces a possible reduction in power prices in the near future
Stanchart Half Year Profits Up 87%
Standard Chartered Bank, Kenya has reported a pretax profit of KES 6.5 billion for the first-half of 2012. This is and 87% increment on the profit the bank made in the same period in 2011. The bank made a pretax profit of KES 3.5 billion for the…
African SACCO Summit Comes to Nairobi
The first ever summit for African Savings and Credit Cooperative Societies (SACCOs) and Cooperatives will be opening in the Kenyan capital Nairobi on 11th and 12th October 2012. The summit, whose aim is to determine ways for alternative financing, was initially scheduled to run between 14th and 15th…
Capping Interest Rates would Hurt Borrowers, says KBA
The push by members of parliament to have interest rates capped could hurt borrowers in the long run. Kenya Bankers Association chairman Habil Olaka says that the move will result to banks devising methods to have secure lending only which will lock out…
Should Jobless Graduates be Paid?
University student leaders in the country are appealing to the government to set up a fund that would see jobless graduates get a monthly allowance. According to The Star newspaper, Kenya University Students Union (KUSU) wants the government to pay jobless diploma and degree graduates KES…
Youth Fund to be turned into Microfinance
The government is hatching a plan to turn the Youth Enterprise Development Fund into a Microfinance Institution. Currently, the fund provides loans to existing micro-finance institutions (MFIs), registered non-governmental organizations (NGOs) involved in micro financing, and savings and credit co-operative organizations (SACCOs) for on-lending…
CBK proposes to overhaul MFI Regulations
The Central Bank of Kenya has released a proposal for the comprehensive review and overhaul of the microfinance and Deposit Taking Microfinance Institutions’ regulatory and supervisory framework. CBK says the proposals have been formed in consultation with practitioners and players over the three year period of…
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