Nairobi, Oct. 5 -- Banks are set to allow their customers to send money using their mobile phone numbers instead of the current requirement of account numbers, in a move that seeks to replicate the si... Read More
Nairobi, Oct. 5 -- The High Court has blocked creditors from directly using the Insolvency Act to liquidate co-operative societies, ruling that they must first follow the winding-up process prescribed... Read More
Nairobi, Oct. 5 -- The family of the late former Central Bank of Kenya governor Philip Ndegwa will buy back a 24.1 percent ICEA Lion Insurance Holdings and regain sole ownership of the company in a de... Read More
Nairobi, Oct. 5 -- Smaller banks are charging higher interest rates on loans to offset the premium they pay to attract deposits, highlighting a funding disadvantage that is increasing borrowing costs ... Read More
Nairobi, Oct. 5 -- Smaller banks are charging higher interest rates on loans to offset the premium they pay to attract deposits, highlighting a funding disadvantage that is increasing borrowing costs ... Read More
Nairobi, Oct. 4 -- Sacco members face cuts on dividends after the regulator asked cooperatives to make provisions of about Sh7.67 billion in the insolvent Kenya Union of Savings and Credit Co-operativ... Read More
Nairobi, Sept. 30 -- The number of Sacco accounts with deposits of over Sh1 million grew by 10 percent to 154,000 last year amid incessant inequality that has seen a majority of savers maintain less t... Read More
Nairobi, Sept. 28 -- Dormant members in savings and credit co-operative societies (saccos) grew 14.1 percent to 1.9 million in the year ended December amid reduced disposable incomes that could have f... Read More
Nairobi, Sept. 27 -- The Insurance Regulatory Authority (IRA) has tightened rules on offshore reinsurance, requiring insurers to first exhaust local capacity before seeking approval to place Kenyan ri... Read More
Nairobi, Sept. 24 -- The termination of big-ticket non-governmental organisation (NGO) contracts by the US government in Kenya triggered a Sh25.3 billion drop in the flow of money out of the country l... Read More