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CBK cuts benchmark lending rate to 8.50pc

admin Nov 27, 2019
The Central Bank of Kenya’s Monetary Policy Committee has revised downwards the benchmark lending rate by 50 basis points to 8.50 percent in move expected to bolster suppressed growth.The committee noted in its sitting noted that…
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CA to spend Ksh1.2B to enhance network coverage

admin Nov 27, 2019
The Communications Authority (CA) will spend Ksh1.2 billion to improve network coverage in underserved parts of Kenya.The authority has said the project will cover Northeastern and Rift Valley parts of the country.CA chair Ngene Gituku…
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APA Insurance feted for innovative indexbased agriculture concealment

admin Nov 27, 2019
APA Insurance Ltd was feted at the 10th European Microfinance Award in recognition of its response to “Strengthening Resilience to Climate Change”.At a ceremony held at the European Investment Bank in Luxembourg, Paulette Lenert,…
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African countries urged to support female agriprenuers

admin Nov 27, 2019
Monica Musonda, CEO of Zambian food processing company Java Foods, certainly faced hurdles in her rise to the top, but she overcame them.“Although the barriers to entry for women can be frustrating, they are often basic and relatively…
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Insurance Brokers welcome government regulation

admin Nov 22, 2019
By Nemuel Ondima Insurance brokers have welcomed the initiative by the government to regulate the insurance brokerage sector, but noted that such a law should not stifle the growth of the sector.Association of Insurance Brokers of Kenya…
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Two million primary school going children enrolled in hygiene program

admin Nov 22, 2019
By Moses CheruiyotIn the past five years, over two million primary school going children have undertaken the Dettol sponsored hand-washing hygiene program countrywide.The announcement was made during the commemoration of the 11th Global…
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Shariah lender opens branches as part of expansion plan

admin Nov 22, 2019
Trading as DIB Bank Kenya Limited, the Dubai Islamic Bank PJSC was licensed and began operations in 2017, and is a fully-fledged commercial bank that offers exclusively Sharia compliant Banking services to both business and personal…
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150 East African companies shortlisted for CIO100 Awards

admin Nov 18, 2019
By CW CorrespondentMore than 60 percent of the companies that entered into the most coveted IT excellence awards in East Africa have been shortlisted with Kenya being ahead of the pack. 150 out of 384 companies were shortlisted…
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Toyota and DTB announce new financing model for SMEs

admin Nov 18, 2019
By Catherine Muema You will now be able to acquire a car at 100 percent financing after Diamond Trust Bank and Toyota Kenya unveiled a partnership to enable Small and Medium Enterprises buy new vehicles. Dubbed ‘Beba Leo’ the Motor Vehicle…
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Co-Operative Bank Declared Winner In 2019 Banking Awards

admin Nov 18, 2019
By CW Writer Co-operative Bank of Kenya customers have a reason to continue smiling after their trusted bank was declared the overall winner of the Kenya Bankers Association 2019 sustainable finance catalyst awards. During the ceremony that…
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