Finance
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Oil supply chain bottlenecks to weaken Shilling further as it drops 0.1% against dollar
The Kenya shilling slumped 0.1 percent against the United States dollar at the close of the week ended September 23.…
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What it means for Kenyan borrower as CBK begin issuing licences to mobile lenders
Beginning September 17, 2022, it will be illegal for mobile lenders, legally identified as Digital Credit Providers (DCP) to make…
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What interest rate hike in U.S means for Kenya as MPC prepares to meet – CBK Governor Njoroge explains
African countries including Kenya are experiencing serious levels of economic distress to maintain relationship in the financial markets like borrowing…
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Equity Bank inherits 20,000 teachers accounts valued at Ksh.1.3 billion from Spire bank
Equity Bank (Kenya) Ltd, a subsidiary of Equity Group Holdings entered into an Assets and Liabilities Purchase Agreement with Spire…
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CBK to discontinue mobile lenders yet to comply with regulatory framework
The deadline is looming for Digital Credit Providers (DCPs) or better known – mobile lenders, who are yet to comply…
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Faulu Bank eyes students in its Digicash subscription drive
Faulu Microfinance Bank has embarked on delivering in-person and online training on financial education to students in Universities and Technical…
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KRA to go after firms, individuals consistently filing nil returns
The Kenya Revenue Authority (KRA) said it will crackdown on firms with consistently missing Valued Added Tax (VAT) returns as…
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KRA surpasses revenue collection by Ksh.126 billion in May
The Kenya Revenue Authority (KRA) surpassed its revenue collection target for the month of May by Ksh.126 billion, pointing towards…
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What you need to know about central banks raising benchmark lending rates
Central Banks in both developed and emerging economies are raising their benchmark lending rates amidst the high cost of living…
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Equity Bank Q1 net profit up 36% to Ksh.11.8 billion
Equity Bank’s net profit surged by 36 percent to Ksh.11.8 billion in the first quarter of 2022 from Ksh.8.7 billion…
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