09/07/2016
CBK in mid-2014 issued a temporary approval to FEP to set up Fountain Microfinance Bank, pending vetting to establish capital adequacy, ownership, and suitability of directors to run a banking business.
09/06/2016
Barclays Africa, FirstRand, Standard Bank and Nedbank all said they would shut accounts related to the companies of the Gupta family
09/06/2016
The sanctions were contained in a five-page circular posted on the CBN website on Monday.
09/05/2016
Financial storm centres on Belvedere Management Ltd, which controlled billions of assets
09/05/2016
Financially secure and well-managed banking has a direct financial impact on banking citizens, not to mention an increase in foreign investment.
09/02/2016
Fiduciary expert warns of renewed focus to stop tax leakage.
09/02/2016
Privately owned Daily Nation said that lawmakers voted by acclamation to approve changes to the Finance Bill 2016 made by the Finance, Planning and Trade Committee.
09/02/2016
Njoroge warns in the circular dated August 31, 2016 that lenders that charge borrowers more than the stipulated interest rates will be fined Sh1 million or their bank chief executives imprisoned for one year.
08/31/2016
Okoroafor said that the licensing was in furtherance of efforts to liberalise the Foreign Exchange Market, ensure liquidity and make foreign exchange more readily available to low-end users.
08/30/2016
In May, the South African Social Security Agency, which oversees the payment of welfare grants to more than 16 million people
08/29/2016
Under the East African Community Monetary Union Protocol, the member states committed themselves to pursue a free market economy with a floating exchange rate.
08/29/2016
The regulator may want to make the fines painful to them, as a deterrent to others.
08/29/2016
Banks have over the years disregarded legal measures instituted to cap interest rates, posing a real danger to the newly-passed Banking (Amendment) Bill, 2015.
08/29/2016
BOG stands committed to ensuring that a stable environment for banking with a level playing field is provided at all times.
08/26/2016
The minister of finance is today almost facing what could be arrest.
08/26/2016
This was to instill more accountability in monitoring government revenue and to eliminate opacity in government.
08/25/2016
The Kenya Bankers Association criticised the “arbitrary” move and analysts described it as “populist” and “retrograde”.
08/25/2016
Cooperative Bank Ltd. plummeted the most on record, while Equity Group Holdings Ltd., the market leader in terms of value, fell to the lowest in 16 months.
08/25/2016
Decision will protect depositors and improve performance
08/24/2016
Olojo said the bank was working with the central bank to resolve the issue.