Revised CBK Guidelines Effective 1st January 2013
The new Prudential Guidelines and Risk Management Guidelines issued by the Central Bank of Kenya (CBK) for all applicants intending to be licensed, conduct banking, mortgage or financial business in Kenya will come into effect on 1st January 2013. “Pursuant to its mandate of fostering…
Kenya's Tax History III – Independent Kenya
Independent Kenya has had income tax, corporation tax, trade taxes and excise taxes. The value-added taxes were introduced later. We take a look at taxes in independent Kenya.
The Stocks We Are Watching Today
The 20-share index performed better yesterday as it closed at 4121.13 points. The All-share also improved performance and closed at 91.84 points. We shall focus on Kenya Airways and Safaricom Limited. Safaricom is to make an announcement on their results thus far and it could lead to significant changes in…
Crack Down on Water Theft in Nairobi
How Nairobi Water plans to nub illegal water connections, monitor water consumption and bill it's 250,000 customers.
What Does a Lender Check for in Your Bank Statements?
On a daily basis, I get customers who walk in and ask for loans. Naturally, I ask to look at the account statements as the bare minimum before determining viability of the application and advising whether to proceed, or forget. Different lenders check out for different things in statements presented. Again, different loan types call for different viewpoints in analysing bank statements.
Just what do you need to know?
8 Things You Should Know This Morning
1. JSC Defend Move to Buy Luxury Cars The Judicial Service Commission (JSC) has defended its decision to acquire 40 limousines for judges The commission also dismissed a car loan scheme offered by the government for judicial officers as untenable. It further…
Mining Nationalisation: Friend of Foe?
Statistics from the Kenya National Bureau of Statistics (KNBS) for last year indicate that the industry’s contribution to the economy came to KES 7.25 Billion in 2011. Why are we nationalising it?
iDied – That's an App
If you are curious about all the weird, strange and just odd ways that people have died around the world, this is the app for you. iDied, from MicroSECONDS Computer Consulting, is indeed a quirky app, name and all, with a database of more than 400…
Central Bank Slashes Base Lending Rate to 11%
The Central Bank's Monetary Policy Committee has come to the rescue of borrowers slashing the base rate to 11% down from 13%, with commercial banks expected to follow suit. Falling inflation and a stable local currency have been the major drivers for this move.
Dont Take Sweets for Change, Says CBK
There are sufficient coins in circulation, The Central Bank has assured, removing the need for supermarkets and shops giving customers sweets in place of coins for change on shopping.
Who's Who in Britam?
Britam is a Company Run by Chairmen, Presidents within the Financial sector, Chief Executives and Policy Makers. Find out who they are and what they do for one of the country's leading insurance and asset management firms.
Environmental Law and Business
Environmental law in the country has gradually evolved in recent years to the extent that it now has many implications on business. One of these is that there is now a legal requirement for certain business project to obtain an environmental impact license before proceeding with the project. Here's how you go about getting the license.
Diaspora Remittances Decline 2.4% In September
Diaspora remittances in the month of September declined by 2.4% attributed to lower remittances from the European region. The overall trend shows that remittances have been increasing over the months.
KES 27 Million Worth of Internet Connectivity for Kenya
Christmas is almost here and as you travel upcountry, some of you might not find it hard to navigate the cyberspace anymore. The Kenya ICT Board has set aside KES 27 million to set up digital villages, known as Pasha Centres, across the country…
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