Category : Biashara

Business / Biashara - 5 hours ago

Sendy raises Ksh. 2.9 Billion in a Series B round of funding

Sendy, a logistics platform that connects clients to connects drivers and vehicles for goods delivery, has raised  $29 million in a Series B round of funding led by Atlantica Ventures. Toyota Tsusho Corporation, Asia Africa Investment, Sunu Capital,...

Business / Biashara - 7 hours ago

CBK to step up checks on bank lending rates

… be keen on enforcing the Kenya Banking Sector Charter to help free … this year. Dr Njoroge warned banks against overcharging borrowers, saying there … of the banks and in the context of the banking charter “ R...

Business / Biashara - 18 hours ago

EDITORIAL: Banks must not delay lowering of loan charges

… delaying to lower interest charges, banks risk losing their customers. … after the Central Bank of Kenya (CBK) lowered its benchmark … repealed Section 33B of the Banking Act, these cuts on the … to lower interest charg...

Business / Biashara - 18 hours ago

Commercial banks best-placed to eliminate money laundering

… emerging markets. Commercial banks are susceptible to risks … regulations. These require banks and financial institutions to … and report suspicious transactions. Banks are, therefore, strategically … cr...

Business / Biashara - 1 day ago

Banks share ideas on fighting cyber attacks

… With about 25 commercial banks, one development bank, and … Kwofie while addressing the Uganda Bankers’ Association (UBA) members … while Kenya is at position 47. … to the survey we...

Business / Biashara - 1 day ago

How banks fell victim to their own greed for handsome returns

… is defaulting, becoming the banks’ problem. Bankers are unable to sell … Company. National Bank of Kenya CEO Paul Russo says the … has seen mortgage banks chase mobile loans and retail banking rather t...

Business / Biashara - 1 day ago

Nairobi bourse retreats after end of year rally

Tuesday, January 28, 2020 0:01 Stock traders at the Nairobi Securities Exchange. FILE PHOTO | NMG  The recent rally at the Nairobi Securities Exchange (NSE) that saw blue chip stock prices rally slowed down last week on the b...

Business / Biashara - 1 day ago

Kenya’s central bank surprises with another rate cut

Nairobi  — Kenya’s central bank joined its … unchanged. While inflation in both Kenya and SA is projected to … weighed on credit growth as banks opted to rather invest in … plague in 70 years in Kenya.

Business / Biashara - 1 day ago

CBK cuts benchmark lending rate to 9-year low

… PATRICK ALUSHULA Central Bank of Kenya. FILE PHOTO | NMG  The Central … in nine years even as banks remain divided over the direction … capping laws that had denied banks free hand in pricing the …...

Business / Biashara - 2 days ago

Opay disrupts banking with new innovations

… verified. Unlike most conventional banking institutions, OWealth savings investment … schemes run by conventional banks. Investors can also withdraw … at $250 million in Kenya, India and Nigeria. During …...

Business / Biashara - 2 days ago

Mould your ideas to move you in the right direction

Monday, January 27, 2020 0:01 By SERAPHINE RULIGIRWA-KAMARA Your mental faculties give you creative ability. FILE PHOTO | NMG  Watch two persons engaged in a loud unpleasant verbal exchange and you soon realise that o...

Business / Biashara - 2 days ago

New debt system set for February

… approaches lenders, which has catapulted Kenya’s borrowing and exposed taxpayers … loans at three percent yet banks are pushing syndicated loans upwards …

Business / Biashara - 2 days ago

Addis, Kampala outshine Nairobi with Sh450bn regional FDI deals

… Moses Ikiara, managing director of Kenya Investment Authority (KenInvest), said … the gross domestic product (GDP) in the medium term … by neighbouring Ethiopia in FDI flows. Nairobi was the … the contin...