First Step Towards Regaining Control of Your Finances
Do you earn a decent salary but are always broke? You can’t seem to get a handle of where your money went or how you spent it all. The first step towards escaping this vicious cycle of mismanagement of your funds is to start keeping track of…
Keeping a Debt Book at Your Local Shop?
Living on the credit side of life is in most cases a dreaded thing for many people. But it sometimes is inevitable. Sometimes, you have to live in the negative figures to make things work for you. There is this common thing in lower mid-level households where you keep a…
Githae Calls on Banks to Lower Rates on Loans
Finance minister Njeru Githae has continued with his call on commercial banks to lower the rates at which commercial banks give loans to their customers. Githae has been asking banks and other lending institutions to make loans affordable to borrowers citing reduced cost of operations for the banks. Speaking at…
How Much You Can Borrow From Airtel Money Loan Service
Airtel Kenya and Faulu Kenya yesterday announced a partnership that would see Airtel Money customers’ access short term loans on their mobile phones via Airtel Money. Click here for more information. This service will enables users to access cash advances for emergencies…
Airtel Money Subscribers to Access Short Term Loans From Their Phones
Airtel Kenya and Faulu Kenya have today entered into a partnership that would enable Airtel Money users access loans on their mobile phones via Airtel Money. This service dubbed ‘Faulu Airtel Kopa chapaa Service’ will provide short term credit and emergency advance,…
CFK to Petition Parliament Over Interest Rate Capping Bill
Consumer Federation of Kenya (CFK) secretary general Steven Mutoro has said that the federation will lobby for 150,000 signatures from all counties to petition parliament over failure to pass the Banking Amendment Act. This was an amendment in the Financial Bill 2011/2012 that sought to cap interest and…
What You Should Know About Co-Signing or Guaranteeing a Loan
Have you ever been approached by a friend or relative who needed you to co-sign or guarantee a loan or their mortgage? Do you know of what you are getting yourself into when you co-sign or guarantee a loan? People often co-sign or guarantee loans for friends or relatives without…
Inflation Drops to 13.06%
Kenya’s year-on-year inflation rate which has fallen for four consecutive months from a high of 20% in November to 15.61% in March has fallen once again in the month of April to 13.06%. This significant drop can be attributed to lower food prices observed during the month. The increase in…
CBK Weekly Bulletin Simplified
According to the Central Bank of Kenya’s weekly report the interbank rate, the cost at which commercial banks borrow from one another, increased to 19.31% up from 15.41% the previous week. This is attributed to tight liquidity due to tax payments being made by corporations. To understand how this affects…
April’s Inflation Rate Set to Be Announced Today
Was April an economically friendly month for you? Well, we are set to find out, any time today, when Kenya National Bureau of Statistics (KNBS) announces April’s Consumer Price Index (CPI). Inflation rate currently stands at 15.61% down from 16.69% in February.
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