According to the Governor, the move is aimed at curbing fraud and money laundering. The notes, he said, have a unique theme and security features and will have various images including the iconic Kenyatta International Convention Centre (KICC) and the big five wildlife. They will also be easy to use by the visually impaired.
Counties will soon be able to seek money from other sources to meet funding gaps running into billions of shillings. Currently, counties can take loans only under tight conditions. A…
Kenya and China’s capital market regulators are set to hold discussions on how financial technology (fintech) can help accelerate economic development in Kenya, an official said Thursday. Paul Muthaura, chief…
RBA CEO Nzomo Mutuku in a speech read on his behalf by RBA Chief Manager Supervision Charles Macharia Monday during the launch of Cytonn Pensions Businesses in Nairobi said that…
Foreign reserves at the Central Bank of Kenya on dropped by a whooping Sh930 million as the country moved quickly to clear the first phase of the inaugural Eurobond due…
The Deputy Minister for Foreign Affairs and East African Cooperation, United Republic of Tanzania, Hon Dr Damas Ndumbaro, presented the budget speech on behalf of the Chairperson of the EAC Council of Ministers and Rwanda’s Minister for State, EAC in the Ministry of Foreign Affairs and International Co-operation, Hon Amb Olivier Nduhungirehe.
When Tala (formerly Mkopo Rahisi) launched in Kenya in 2014, it was the first in the world to offer unsecured mobile lending direct to consumers. Since then, Tala has expanded credit access across Kenya by using alternative data to instantly underwrite and disburse credit to people who have been excluded from traditional finance due to lack of credit history or formal records.
The Results-Based Financing (RBF) and Debt Facilities under the KOSAP are financed by the World Bank and implemented by the Ministry of Energy alongside the Kenya Power and Lighting Company (KPLC) and the Rural Electrification and Renewable Energy Corporation (REREC).
The funding has been secured from four commercial banks namely Diamond Trust Bank (DTB), Cooperative Bank, National Bank of Kenya (NBK) and Equity Bank and will see five developments targeting middle and high-end buyers within Nairobi County and its environs now completed.
MPs, this morning expected held a joint Speaker’s Kamukunji (informal meeting) to take a position in a case challenging the Sh250,000 house allowance. The meeting comes amid a mounting tussle…