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.
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.
The Kenya National Chamber of Commerce and Industry has signed a Memorandum of Understanding with the Jubaland Chamber of Commerce and Industry – a business lobby group in Somalia – in a bid to enhance inter-regional business and boost job creation.