You now have an additional option when it comes to settling your bill after UNIPESA Kiosk Network was launched last week, adding to the existing utility payment options available in Kenya. UNIPESA Kiosk Network is a service that enables you to settle your bills through a…

Credit information and reports can now be accessed on the mobile phone. The development  by Metropol Credit Bureau will allow users to access credit information on an SMS platform. Credit information sharing  has been lauded by lenders in the recent past as having been beneficial. Lenders use credit information to establish…

Nairobi City Council has taken over control of COMESA parking ground situated at the Kenyatta International Conference Centre(KICC). Nairobi Town Clerk Roba Duba says the council has been forced to take the step because KICC owes the City Council arrears amounting to Sh26m. The open area parking lot within KICC’s…

This past long weekend, there were many complains on social media about ATMs which were out of service. It seems that most of them went on a long weekend as well, leaving customers stranded without access to their money. At this stage, banking via mobile money always comes in handy.

Kenya Railways Corporation is planning to upgrade all its operational commuter routes to help expand its operation and take care of growing transport needs in the city and the whole country. The corporation plans to upgrade the rail road to standard gauge and refurbish its coaches to encourage passengers to…

In today’s trading we shall be keen to note the performance of the following counters: Kenya Airways: this week the airline is set to announce the results of their rights issue. This is bound to have an effect on the performance of the counter over the course of the week…

In a bid to encourage a saving culture among Kenyans, the Central Bank of Kenya has issued new guidelines that abolish the levy charged on accounts by banks, which are expected to be enacted this coming July.  Most commercial banks often charge a monthly maintenance on accounts, ledger fees or…

Price of consumer goods and services has been on the rise in the recent past, reflecting an increase in Consumer Price Index (CPI). On the other hand inflation rates appear to be on a decline, an indication that the economy is strengthening. Data sourced from KNBS…

This article was first published in www.chimurenga.co.za , and in Voices Awaaz Magazine, and is an excerpt from ‘Trade Routes in The Chimurenga Chronical’  for which acknowledgement is made. One night in December 2000, a fire razed down Garissa Lodge in Eastleigh, Nairobi, about 2km east…

43 commercial banks. 112 foreign exchange bureaus. 6 deposit taking microfinance institutions. 4 representative offices of foreign banks. 2 credit reference bureaus. 1 mortgage finance company. ~ This is how the Kenyan banking sector looks like as at the end of March 2012.