The Institute of Certified Public Accountants of Kenya has raised alarm over Sh691.5 billion budget deficit in the Sh2.26 trillion budget for the financial year 2016-17, arguing borrowed money should only go into development projects.
Central Bank of Kenya governor Patrick Njoroge is adamant the industry-wide base lending rate, and the Kenya Banks Reference Rate, should be re-worked to have an impact on the pricing of loans by commercial banks.
Setting up a business can be a daunting task. Finding the right location and setting up the working area or office is one of the most draining jobs – both physically and financially – for new entrepreneurs.
Industry, Trade and Cooperatives CS Adan Mohammed says the government plans to increase value addition of local agricultural produce to the tune of 50% and thus boost farmers morale to increase production.
The uncertainty over the recovery of Imperial Bank on Tuesday sent the lenders chairman into tears as he questioned the Central Bank of Kenya’s sincerity to its reopening. CBK and the banks auditor’s PKF Kenya were further accused of failing in their supervisory role in the run up to the bank’s closure after a fraud […]
Barclays Bank Kenya managing director Jeremy Awori said the company will launch a stock brokerage business to increase its revenue streams. The bank recently launched agency banking and said it is also exploring new products for its mobile banking services to woo more customers.
Bankers have partnered with the High Court’s Family, Commercial and Tax divisions to speed up resolution of a growing backlog of disputes valued at hundreds of billions of shillings through court-led mediation.
We are delighted to extend our fuel card services to Little [Cab] drivers and offer further discount benefits to them. This move is meant to improve their experience at KenolKobil service stations across the country.
Kenya Revenue Authority, Commissioner General John Njiraini says the cargo scanners, donated by China and have been installed at the port of Mombasa, have a capacity to scan about 500 containers within 24 hours.