When To Take Up That Loan Offer
What are you likely to do when the loan hawkers come calling? You see these people pitching tent from banks at every street corner giving the most enticing stories you have ever heard. You probably have received a call from your bank about an ‘offer’ they are giving you for…
Why Your Loan Application Might Be Rejected
With the continued rising cost of living, many people are growing desperate in need for money to help meet their expenses. As a result, many of them are turning to banks for personal loans. The loan application process is tedious and not all applications are approve.
Looking for a Personal Loan that Suits You?
With unpredictability of interest rates on loans, individuals have become skeptical about taking up loans from banks in the country. However, banks have been keeping up well with the competition and available demand to create products that will best suit them and their clients in terms of loans. Here is…
Faulu's deal on Interest Rates
Faulu Kenya’s Faida Fixed Deposit account holders will be earning high interest from 13% over a period of time. The product that targets individuals, chamas, companies and churches has a fixed minimum deposit value of Kshs 5,000. The beauty of this product is that you get to negotiate the interest…
CBA Launches Dollar Credit Card
CBA is proud to launch the first US Dollar credit card in East Africa, giving clients the convenience and ease of banking they have come to expect. It is through our focus on customer service and our array of products that we deliver on our brand promise: time for more.
Measures to Deal with Inflation Paying Off
The government’s decision to cut down on the politicking and instead team up with the private sector to combat inflation seems to be paying off. As recently observed the shilling appears to be stabilizing fairly well, and seems to be growing stronger every day. We say this in…
Inflation declines to 16.92%
The government’s target of lowering inflation to as low as 9% to 7% seems to be getting on track, this is as per the recently released Kenya Bureau of Statistics CPI and Inflation Rates February report. The report indicates that inflation rates have declined by 1.62 percentage…
Mistakes We Make When Already in Debt
“If you have debt I’m willing to bet that general clutter is a problem for you too.” — Suze Orman Being in debt in our 20s completely sucks because all of tomorrow’s income goes to yesterday’s purchases. It becomes even worse when debt begins…
Understanding Inflation, Interest Rates and the CBK
A couple of weeks back, when posting the CBK’s announcement on the Central Bank Rate, I could not remember when the Monetary Policy Committee had raised the Central Bank Rate to 18% so I turned to the person next to…
CBK retains Central Bank Rate at 18%
The Central Bank of Kenya has decided to keep the central bank rate unchanged at 18% for the 2nd month running. In a press release following the meeting of the Monetary Policy Committee today, the Governor highlighted that the inflation rate had dropped from 18.93% in…
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