A bond is an instrument through which a government or corporate body can borrow money from the public with a promise to reimburse the investor. The money is borrowed for a fixed period of time and compensation made at a fixed interest rate. How Do They Work? An offer…

 CBK loses control of KES 600M in Dubai Bank case A judge has cleared a German citizen at the centre of the Dubai Bank saga from allegations of involvement in criminal activity Judge David Majanja has subsequently lifted an order issued in October freezing businessman…

Kenyans in the diaspora sent home KES 8.4 billion in the month of November 2012. This is 6.4% increase compared to October 2012 where KES 8 billion were remitted.

If you are bank or an individual carrying out a financial transaction above KES 850,000 ($10,000), you will will be investigated. This will be done in order to find out the purpose of the transactions and the origin of the payments as well, a move that comes after a new legislation that seeks to combat financing of terrorism activities in the country.

Barclays Bank saw its profit before tax grow 40% in the 3rd quarter of 2012 in a period where banks enjoyed charging high interest rates on new loans borrowed by customers. CBK has since reduced the base lending rate to 11%.

Banks still have their base lending rates at between 18.5% and 22.5% despite the Central Bank lowering the base lending rate (CBR) to 11% beginning of November.

Citibank has lowered its base lending rate to 15% down from 19%, a week after Central Bank lowered the CBR by 200 basis points to 11%. Inflation drop (4.14%) and a stable currency advised CBKs decision.

The Central Bank has licensed SUMAC DTM as the 8th DTM to focus on Small and Medium Enterprises (SMEs) to spearhead faster growth amongst small companies.

The Central Bank of Kenya proposes to license stand alone money remittance service providers in a bid to regulate and control the diaspora remittance business which is growing at fast rates.

1. Poll Shows that There May not Be a Run Off A new poll by research company Infotrak says Raila Odinga could clinch the presidency in the first round next year, depending on who he picks as his running mate. The poll…