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.
08/22/2016
This was in response to complaints – recently endorsed by David Lipton, deputy managing director of the International Monetary Fund – that the country’s big four banks were too dominant and fees were inflated because of the lack of compe
08/19/2016
Suggested amendments seem to have missed Davis Tax Committee’s goals.
08/18/2016
After replacing Skye's executives last month, depositors rushed to withdraw their funds.
08/17/2016
In a note to investors shortly after President Edgar Lungu’s re-election, the bank said with the PF win, most of the groundwork has already been laid.
08/17/2016
“This conduct is specifically prohibited in terms of Section 23 of the Competition Act,” he stated.
08/15/2016
The country’s $20bn in annual remittances set to take a hit after central bank revoke the licenses of all but three money transfer companies
08/15/2016
The Meru County boss said it was important to safeguard workers' future especially in retirement.