Can Consumers Benefit From Banks' Competition?
Competition has been a very effective tool in making life more affordable for consumers in Kenya and other parts of the world. This has been very evident in the telecommunication industry where the nation witnessed a plunge in calling rates as a result of competition. The same has been evident…
Banks Resist Interest Rate Control.
Commercial banks have remained adamant on the issue of control of interest rates by parliament. Gem MP Jakoyo Midiwo sparked the interest rates debate with his bid to amend the Finance Bill to insert a clause that sets a base for deposit rates and a cap on lending rates. The proposed…
Do You Need Life Insurance in Retirement?
As you age, the idea of life insurance seems increasingly unnecessary. Many retirees prefer not to continue paying life insurance premiums when they no longer have young families to take care of. However, before you shrug off the idea of life insurance in retirement, it’s a good idea to consider…
CBK to Monitor Mobile Money
The Central Bank of Kenya (CBK)will start monitoring mobile money transaction in its quest to fight cyber crime related cases. Although there haven’t been many reported hacking cases in the current money transfer platforms, there is a growing need to secure the platforms due to the growing use…
Jack Of All Trades And Master Of None?
Multitasking (Photo: examiner.com) The preaching from morning to evening in all corners of the nation hits the message. Develop the entrepreneurial mindset. So in our thousands we have taken the cue and joined the lucrative path, some of us leaving monthly secure paying jobs as one of our writers,…
New VAT rates increase cost of life
Finance Minister Njeru Githae says he will table the troubled Finance Bill when parliament resumes on 17th of April. Githae said treasury and the parliament had agreed on everything except the additional revenue that the Kenya Revenue Authority (KRA) has collected from January 2012 to date. The…
Thika Super-Highway Robbed Me Of My Livelihood
Photo: Patience Nyange's Blog Alex Mbithi stands at a bus stop on Thika road on a drizzling April morning. In his hands is small box with sweets in it. The face he wears is that of a man who has given up in life, on such an early morning.
Minister Calls On Banks To Lower Interest On Loans.
Finance Minister Njeru Githae has urged banks to lower the interest rates on loans to encourage Kenyans to access loans. Speaking at the opening of Ecobank’s Karen branch, Githae said the inflation rate is at 16% now and it would not hurt banks if they charged interest at rates of…
Government to Raise Oil Block Lease Amount
The government is looking at possibilities of increasing the lease amount paid by Oil explorers, the Finance Minister Njeru Githae has said. This comes in the wake of Tullow Oil Plc having struck oil at Ngamia 1 well in Turkana on oil exploration Block 10BB. There…
New innovative Products from Ecobank
Ecobank in the last four months has rolled out a series of innovative products all aimed at diversifying its services and response to customer needs. These include the Retail Internet Banking, Salary Advance Account and the launch of the Visa Chip cards. In the…
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