'Swiping' to Pay for Chewing Gum – Coming Soon to a Kiosk Near You
You will soon be able "swipe" to pay for a packet of peanuts at your local Kiosk. Equity Bank is prospecting to tap the billions of shillings passing though kiosk and retail shops by introducing a system that will allow consumers to pay for goods without using cash.
Before You Rush for That Salary Advance
A salary advance can come in handy during those unforeseen expenses that may end up putting a strain on you finances, or can help you seize those once in a life time opportunity. Though, before you rush for that salary advance, what should you consider?
CBK Lowers Key Lending Rate to 9.5%
The Central Bank has lowered its base lending rate to 9.5% from 11% with statistics showing dwindling inflation rates currently at 3.20%
I&M Bank Will Cut Lending Rate to 18%
I&M Bank Will Drop Lending Rate by 1.5% to 18% from the previous tariff of 19.5%. The move follows a verdict from the Central Bank of Kenya’s (CBK) Monetary Policy Committee (MPC) to reduce the CBR to 11%
M-Shwari vs Kopa Chapaa, The Bright Side
Micro loans have been made easier by mobile phone platform innovations with companies loaning up to KES 100,000 payable in 30 days.
Kenya Projects GDP Growth at 5.2% in 2012
The Central Bank of Kenya (CBK) has projected that Kenya’s real Gross Domestic Product (GDP) will expand by 5.2% with Monetary Policy focusing on achieving and maintaining low inflation. CBK reports that the Kenyan economy performed modestly in 2011 and realized growth in gross domestic product (GDP) of…
Micro-Financiers Sign Credit Deal with Government
Treasury has signed a deal with four Microfinanciers to advance the Programme for Rural Outreach of Financial Innovations and Technologies (PROFIT) in tunes of KES 600 million
CfC Stanbic Bank Will Cut Lending Rate to 17%
CfC Stanbic Bank will cut its lending rate to 17% from 19% on the 15th of December, 2012, giving it one of the lowest lending rates of any bank in the country.
KQ Msafiri Visa Credit Card, What it offers
The Msafiri Visa Card which earns travelers air miles when they spend money also comes with free travel insurance of up to KES 4.8 million annually.
KCB Slashes Base Lending Rate
KCB Bank has announced that it will be reducing its base lending rate effective in the new year. In a public statement via the Group’s twitter page, the bank says it will reduce the rate by 200 basis points to 17% down from the current 19%. This announcement has comes…
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