12/10/2020
The EastAfrican has learnt that the regulator and the stakeholders have agreed to expand the eligibility of trustees of unit trust funds to non-banking trustees such as accountancy and law firms.
12/09/2020
Government does not determine where retirement funds invest. It is the board of trustees of a retirement fund that determines the investment policy for that retirement fund as part of their fiduciary duty to the fund and its members.
12/08/2020
According to Moody’s government bonds accounted for 37 percent of Kenyan banks assets last year and this sovereign exposure is likely to increase from these levels over the next 12 to 18 months.
12/08/2020
The pace of these disruptive forces and their attendant effects on the financial service system has been intense.
12/07/2020
In responding to the concerns raised by the Committee, Morapedi said the NDB Act dictates that audited financial statements should be submitted within six months of year-end which is the end of September every year.
12/07/2020
This is the latest plan to grow the mobile money platform beyond sending and receiving cash, tapping loans as well as paying for goods to include insurance and wealth management.
12/04/2020
Parastatals are part of the 10 largest borrowers and depositors in banks and pay huge insurance premiums.
12/03/2020
Personal information belonging to banking customers was compromised.
12/03/2020
Online fraud during the festive season tends to be on the rise, with criminals using every trick in the book to scam people.
12/03/2020
For the Standard Bank Group, the continent's largest bank, the rollout of vaccines could take time and the risk of "pandemic fatigue" may cause safety lapses during the holidays.
12/02/2020
As Treasury mulls tax relief for those stuck in the country during lockdown
12/02/2020
The strategy seeks to tap the Bank’s human capital – its most valuable resource – to deliver, through the institution’s projects, optimal development results for the people of Africa
12/01/2020
“We are still very keen to grow business into DRC and that is what we will be looking at in the next two years,” said Mr Oigara.
12/01/2020
Dr Njoroge, as a result, expects annual economic growth for 2020 to rebound to an estimated 1.3 per cent from 5.7 per cent slump in the second quarter.
12/01/2020
Panton lauded LBDI for being the first Liberian participant to brave the storm and to have attempted the International Certification Examination.
12/01/2020
In this article, Heystek – founder of Brenthurst Wealth Management – unpicks how things really work between regulators and powerful corporate interests.
11/30/2020
Social security solidarity crucial’
With regards to defined benefit (DB) pension models, social solidarity is assumed by two factors.
11/30/2020
Covid exposes Kenyan banks’ bad loans
Market analysts and economists say the pandemic exacerbated the high level of non-performing loans (NPLs).
11/30/2020
Despite reforms, patriarchal systems continue to hinder land ownership by African women
Improving women’s access to and ownership and control of land is crucial if African countries are to meet a number of Sustainable Development Goals by 2030, ranging from Goal 1 on poverty eradication to Goal 5 on gender equality to Goal 8 on decent
11/30/2020
The companies will assist the UIF to recoup monies owed by employers and report fraud to law enforcement institutions.