08/25/2020

Salary advances raise Co-op phone loans to Sh91bn

The increased uptake of salary advances coincides with the period in which the discovery of first Covid-19 case in Kenya on March 13 triggered job losses and salary cuts, disrupting financial plans of salaried people.

08/19/2020

Money in circulation surges to a new high

Cash outside banks represents the most liquid of monetary assets and is mostly held in bulk by individuals in homes and big businesses such as petrol stations, supermarkets, hardware stores and other big shops.