02/24/2021
The perennial breach of financial rules, which are designed to foster public trust in the handling of public funds, by government agencies is a serious and worrisome practice that deserves concerted efforts by all relevant stakeholders to tackle.
02/23/2021
The association said an estimated six million customers borrow an average of Sh4,000 for a period of 30 days.
02/23/2021
From there, we have met with commercial banks to look at the issue.
02/22/2021
The SEC boss stated that to be a successful professional, one must be ambitious, willing to go the extra mile, try to be a value enhancer and must be outstanding.
02/22/2021
The move essentially aims to stamp out a black market and control currency volatility in a nation with a foreign debt load of around $60 billion.
02/22/2021
In 2019, Parliament passed legislation allowing state businesses to apply for banking licenses.
02/19/2021
The case involved two breaches of the 2008 Money Laundering Order
02/18/2021
These loans typically solve short-term liquidity problems in households and small businesses but are not significant enough to facilitate long-term investments amongst borrowers.
02/17/2021
The African fellows, who are based both on the continent and in the diaspora, will conduct research across more than 15 African countries.
02/17/2021
The debarment renders the company and its affiliates ineligible to participate in AfDB-financed projects during the three-year period.
02/17/2021
“The formulation of this strategy has been on a background of public debt stock fast approaching the statutory ceiling of Sh9 trillion set out in the Public Finance Management Act, 2012,” Treasury officials wrote in the debt strategy paper fo
02/17/2021
Global Interjapan (Kenya) Limited engaged in fraudulent practices during a tender for the Bank-financed Small Scale Irrigation and Value Addition Project in Kenya
02/17/2021
Parties may additionally elect to include certain non-ISDA documents as Protocol Covered Documents
02/16/2021
According to the regulator, Central Bank of Kenya CRBs, “seek to enhance consumer protection for borrowers, expand the sources of information and ensure the sustainability of the credit information sharing as a key tool to bridge the information gap
02/16/2021
Justice Tuiyott knocked out Sh35.5 million on account of profit initially awarded to Mr Ndung’u by the arbitrator. The judge also reduced special damages by Sh661,430 and aggravated damages of Sh2.7 million.
02/14/2021
Debtors as Threat to Financial System
That was why the bank then was a dominant player in the retail segment of the industry.
02/12/2021
Financial institutions in Cameroon, Democratic Republic of Congo, Kenya, Rwanda, Tanzania and Uganda are signing on to the program
02/12/2021
Financial institutions in Mauritius and around the world are under increased pressure by both national and international compliance regulators to implement extensive due-diligence processes.
02/11/2021
The risks, it said, include loss of investments, money laundering, terrorism financing, illicit fund flows and criminal activities.
02/11/2021
The lender says Uchumi has been in default of its facility for close to four years, terming it a huge concern to both the bank and its regulators given the negative impact it has on its depositors’ funds.