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%
Win a Ticket Back Home with NationHela
NationHela, an international money transfer service, is giving your loved ones in the USA an opportunity to win a return ticket to Kenyan by simply sending money to your NationHela account. This is how the promotion works: Buy a NationHela card Direct your loved one based…
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%
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…
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.
Kenya's Economic Growth Forecast Cut to 4.3%: World Bank
Kenya's economic growth forecast by the World Bank has been cut to 4.3% from 5% . world Bank has attributed this cut to the effects of high lending rates.
S.A Bank Absa to buy Barclays' African Operations
South African bank Absa Group said on Thursday it will buy Barclays African operations for 18.3 billion rand (KES 176.8 billion). This, a statement from Absa says, is a move to finalize a longstanding plan to fuse the two company businesses in Africa, considered a fast-growing market.
Equity Testing ATM Withdrawal for Western Union Transfers
Equity Bank is rolling out a product that will allow users to access money send to them via Western Union through ATM stations and credit their Equity Bank Accounts.
KCB Finance Officer Touted to Replace Oduor as CEO
Joshua Nyamweya Oigara is set to replace Martin Oduor-Otieno as the Chief Executive Officer of the biggest bank by asset base in Eastern Africa, KCB.
All You Need to Know About M-Shwari
Everyone's been talking about it. It's M-Shwari this, and M-Shwari that. But what does the fine print say?
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