Safaricom recently unveiled a product dubbed: Smart Choice for a Smart Lifestyle that enables those who yearn to own a smart phone or tablet but can’t afford the price an opportunity to buy and pay for a device of their’s dreams in 12 monthly installments. In addition to…

Just three months into the fiscal year 2012/13  (with a KES 1.4 trillion budget) the government has so far borrowed close to KES 30 billion.  This is according Central Bank of Kenya’s report for the first week of September. Consequently, this extends the government’s total debt (both foreign and domestic) to…

You approach your lender of choice and they insist on security. You have a piece of land you are willing to offer as security or have someone who would agree for you to borrow against their land; well here’s a guide on the steps you are likely to follow

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…

So the state has assisted you raise your college fees for four or more years. There’s no way you’re not going to pay that back. Apparently, if you attempt to dodge repaying the loan you will pay, and dearly so. Currently undergraduate HELB beneficiaries get a minimum of KES 35,000 and a…

Consumers may benefit from a further drop in lending rates as more banks move to reduce their charges this month. According to Kenya Commercial Bank’s (KCB) Chief Financial Officer, Joshua Oigara, commercial banks may reduce their rates even further from the current 20% average  to as…

In addition to M-Pesa, Airtel Money, Orange Money and Yu Cash, Barclays Bank of Kenya (BBK) will at the end of this month launch a new mobile banking platform. As posted in the Business Daily, the new platform seeks to compete with money transfer services operated…

Small and Medium-sized Enterprises (SMEs) are set to benefit from a new KES 1 billion initiative by the Smallholders Irrigation Schemes Development Organisation (SISDO). The company, which targets livestock farmers and small-scale traders, has adopted a new strategy that aims to increase its lending capabilities. Speaking…

African based French investment firm Alios Finance, has officially set up shop in Kenya. The firm, which has been operating in Africa for the past 56 years, moved its head office from Tunis to Nairobi. It recently received a USD9 million loan from the International Finance Corporation (IFC) which…

Following KBA’s announcement yesterday on lowering the lending rate CFC Stanbic Bank, which is part of the Standard Bank Group, announced plans to drop its lending rate from 24% to 22.5% in August. It has joined the ranks of Barclays and Bank of Baroda which intend to lower their…