Finance
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Getting defaulted loan accounts off CRB records bad for banks, admits CBK
The Central Bank of Kenya (CBK) has admitted that suspending bad loan accounts from the Credit Reference Bureaus’ (CRB) records…
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Lack of accountability creating mistrust among Pension fund members
Pension Fund Trustees and administrators have been urged to show greater accountability to members by ensuring they have access to…
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KenGen posts 93.5% drop in full year net profit to Ksh.1.19 billion
Kenya Electricity Generating Company (KenGen) posted a 93.5 percent drop in its net profit to Ksh.1.19 billion for the year…
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Kenya secures Ksh.16.6 billion loan from World Bank for climate change projects
The World Bank Group has approved a Ksh.16.6 billion ($150 million) loan to Kenya for climate change projects. The credit…
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Tala launches a grant programme for SMEs
Tala has launched a grant programme that seeks to help Small and Medium-sized Enterprises (SMEs) in Kenya access finance technology…
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Court stops University of Nairobi from raising fees
The University of Nairobi (UoN) will be forced to consult all stakeholders before it can resolve to raise fees for…
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Nigeria becomes first African nation to roll out digital currency
The Central Bank of Nigeria joined a growing list of emerging markets betting on digital currency to cut transaction costs…
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Kenyans paying heavily for power on a weaker shilling against dollar
Electricity consumers in Kenya are paying heavily for the weakening shilling, according to the latest review of Power Purchase Agreements…
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Kenyans claimed Ksh.1.3 billion from underwriters for COVID treatment
Medical Insurers spend paid out a total of Ksh.1.3 billion to cover treatment of COVID-19 in fifteen months to June…
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What it means for CRBs to suspend listing of defaulted loans below Ksh.5 million
Kenyans who have defaulted on loans below Ksh.5 million will be spared from being listed with Credit Reference Bureaus (CRBs)…
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