Business

By CW WriterThe Central Bank of Kenya has announal ced lowering the interest policy rate further to 7%, the lowest level in nine years, seeking to ease monetary controls and boost credit levels in the economy.This is the fourth…
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By CW Correspondent The Central Bank of Kenya (CBK) says it is working with member banks on a scheme to cushion micro, small and medium enterprises (MSMEs) against shocks arising from the Covid-19 pandemic. According to the reserve…
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By CW CorrespondentMenengai Oil Refineries Limited (MORL) has announced plans to step up the production of soap and hand sanitizers to ensure that there is enough to supply the whole country during this trying period of the Novel…
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By CW WriterA digital application to help Saccos continue with their operations in the face of the outbreak of the Coronavirus pandemic has been launched.Digital banking platform Kwara announced the launch of Kwara Pronto digital…
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By Steve OtienoUse of mobile phones in making payments is expected to rise in the coming days after President Uhuru Kenyatta called on financial agencies to reduce transaction fees and encourage citizens to avoid handling physical cash in…
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By Steve UmidhaFor the past few years, Kenya’s fintech ecosystem has remained the apple of borrowers’ eyes, pouring millions of shillings in short-term loans and making it the hottest and probably the most insane investment activity in…
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The Nairobi-Suswa standard gauge railway (SGR) line has carried an average of 139 passengers a day in two months to mid-December, deepening doubts on viability of the multi-billion shilling project recently launched by President Uhuru…
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Absa Bank Kenya has committed a Sh10 billion loan fund for women-led small and micro enterprises (SMEs) amid raising banking competition and calls for support of the sector by the government.Customers will access loans of up to Sh3…
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A new strategic partnership has been entered into under which Octagon Africa will serve Alexander Forbes multinational clients with a presence in Kenya.This strategic partnership comes after Alexander Forbes’ review of its strategic…
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