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ECONOMY-FINANCE

Bad News to Kenyans As They Told What Will Happen Starting On January 1, 2023

For two years now the cost of living has been going up in the country making it difficult for many Kenyans to acquire goods and services. The cost of basic commodities is beyond teach for many kenyans. For two year now, kenyans have been incurring zero Shillings in transferring cash from bank accounts to Mpesa and Airtel account.

  1 month ago ago
Bad News to Kenyans As They Told What Will Happen Starting On January 1, 2023

ECONOMY-FINANCE

"We Have Been Shortchanged"; Kenyans Seek Clarification On CRB Listing After CBK Delivered A Message

Kenyans are now seeking more clarification from the government on the issue of CRB listing. This comes after the Central Bank of Kenya showed the signs that Kenyans listed in the CRB haven't been delisted as earlier promised by the president. (Photo Courtesy: The Central Bank of Kenya)

  2 months ago ago

ECONOMY-FINANCE

"Greedy Bank" Vocal Analyst Slams A Bank After Charging Him Ksh12 More After Buying Credit of Ksh 10

Kenyans had been enjoying mobile banking for free for almost three years. The Central Bank had offered this service to all Kenyans after Covid 19 pandemic. On 1st January, the Central Bank withdraw this service and Kenyans will now have to occur some cost during any of their transaction.

  1 month ago ago

ECONOMY-FINANCE

Important Products and Services Whose Prices are Expected to Rise from January 1st 2023

As citizens across the country are seeking the government intervention to curb the high cost of living, various government and private campanies are planning to rise the cost of products and services. This comes at the time when the cost of basic goods such as food is very high.

  1 month ago ago
Important Products and Services Whose Prices are Expected to Rise from January 1st 2023

ECONOMY-FINANCE

Only Company In Kenya That Is Allowed To Print Genuine Money And Why

The company is called De La Rue. It is the only company in Kenya allowed to print genuine money in Kenya. The company is contracted by the Central Bank of Kenya to print genuine notes and coins when need arises. It has special machine, which are certified.

  23 days ago ago
Only Company In Kenya That Is Allowed To Print Genuine Money And Why

PERSONAL-INVESTING

Sigh of Relief to Borrowers on this Popular Loan App as it Writes off 166M Loans

Zenka, a popular digital lender has written off KES 166,000,000 worth of loans from its books across all loan portfolios in a move that will see its customers breathe a sigh of relief amid rising cost of living. The move follows the announcement / rollout of the Central Bank's credit repair programme where digital lenders were asked to give non performing borrowers a 50% loan cut as an encouragement for them to pay up the loans.

  2 months ago ago
Sigh of Relief to Borrowers on this Popular Loan App as it Writes off 166M Loans

SPORTS

Check What Argentina's Central Bank Is Reportedly Considering On All 1000 Notes To Honour Messi

Check What Argentina's Central Bank Is Reportedly Considering On All 1000 Notes To Honour Messi. Lionel Messi will always be remembered in Argentina and the whole world due to his contributions, to his football career as a role model to many. Following the great victory on Sunday, the nation is reportedly planning to honour him specially.

  1 month ago ago
Check What Argentina's Central Bank Is Reportedly Considering On All 1000 Notes To Honour Messi

SPORTS

Argentina Central Bank Considers Putting Lionel Messi's Image On Bank Notes After World Cup Win.

Argentina Central Bank's Considers Putting Lionel Messi's Image On Bank Notes After Their World Cup Win. Argentina's central bank is now considering putting their football star Leonel Messi's image on their bank notes and this comes after the nation's World Cup triumph where Lionel Messi led the country to win this most coveted tournament in the world.

  1 month ago ago
Argentina Central Bank Considers Putting Lionel Messi's Image On Bank Notes After World Cup Win.

JUSTICE

Reliefs to Mobile Users as High Court Suspends M-pesa to Bank Transaction.

The High Court has ordered Safaricom and Central Bank to avoid re-introduction of the mobile banking charges between mobile money wallets and lenders due to suit based on financial consumer rights. According to the source, Mr. Moses Wafula filed a petition on the application againt the charges after they were suspended during Covid-19 pandemic.

  24 days ago ago
Reliefs to Mobile Users as High Court Suspends M-pesa to Bank Transaction.

ECONOMY-FINANCE

Bad News to Kenyans as Central Bank Reintroduces Charges For Mobile Money to Bank Transfers

Kenyans have received a big blow as Central Bank of Kenya reintroduces charges for mobile money to banks transfers. A report that has sparked alot of reactions from people across the country. According to the report shared on Tuesday, December 6, Central Bank of Kenya revealed that the above mentioned changes were effected following consultations between the financial institutions and respective banks.

  2 months ago ago
Bad News to Kenyans as Central Bank Reintroduces Charges For Mobile Money to Bank Transfers

POLITICS

Questions Of Graft, Embezzlement Arises As Governors Oppose CBK Plan To Monitor County Bank Account

The council of governors has today opposed the plan for the Central Bank of Kenya to monitor the county bank account as they requested to do. This has read so many questions for Kenyans as they wonder why the governor should resist being monitored by the Central Bank of Kenya.

  1 month ago ago
Questions Of Graft, Embezzlement Arises As Governors Oppose CBK Plan To Monitor County Bank Account

POLITICS

Kenya Kwanza to Review Policies Which Were Implemented Without Approval by Parliament

The former president Uhuru Kenyatta is in DRC Congo trying to unite the country. However it has emerged that President Ruto is keen to review some of Uhuru legacy policies which were achieved during his tenure as president without the approval of Parliament. Here is a link: https://www.the-star.co.ke/news/2022-11-14-uhuru-era-policies-that-kenya-kwanza-wants-to-review/

  2 months ago ago
Kenya Kwanza to Review Policies Which Were Implemented Without Approval by Parliament

ECONOMY-FINANCE

CBK Delivers Good News To Kenyans Who Have Defaulted To Pay Back Their Mobile Loans

Today morning, 14th of November, the Central Bank of Kenya (CBK) has delivered a special message to dozens of Kenyans whose names are listed in the Credit Renumeration Bureau (CRB). The CBK has noted that Kenyans who haven't serviced their mobile loans will be delisted from CRB and that the loans that they owe the mobile lending companies will be reduced by at least 50%.

  2 months ago ago
CBK Delivers Good News To Kenyans Who Have Defaulted To Pay Back Their Mobile Loans

ECONOMY-FINANCE

KCB Announces This Following Central Bank's Directives On Transaction Charges

After the Central Bank of Kenya (CBK) announced the reintroduction of bank-to-mobile transaction charges beginning on January 1st, Kenyans have always been eager to know the amount charged on every transaction in this tough economic climate. Transaction charges were slashed in March following the outbreak of the COVID-19 pandemic to encourage the non-physical exchange of money as a way of containing the further spread of the virus.

  1 month ago ago
KCB Announces This Following Central Bank's Directives On Transaction Charges

ECONOMY-FINANCE

CBK to raise loan fees

Central Bank of Kenya has delivered bad news to Kenyans who are are used to borrowing loans from banks. The regulatory bank Monetary Policy Committee (MPC) met yesterday and revised lending rates from 8.25 percent to 8.75 percent. This is an increase by 0.50 percent of interest rates increase.

  2 months ago ago
CBK to raise loan fees

SPORTS

Argentina Central Bank Consider Honouring Lionel Messi By Putting His Face On One of Their Notes

Lionel Messi is a reknown football player in the world and is referred to the great of all times (GOAT), he is an Argentine born football player from a town known as Rosario. Lionel Messi has played for two major football clubs in the world, he has played in the Spainish Laliga for Barcelona football club for the longest time in his football career before getting a transfer to Italian side Paris Saint German.

  1 month ago ago
Argentina Central Bank Consider Honouring Lionel Messi By Putting His Face On One of Their Notes

ECONOMY-FINANCE

Uproar As CBK Announces Conditions Required To Be Delisted In CRB

Following his inauguration, President William Samoei Ruto pledged to promptly remove all Kenyans from the CRB list. Kenyans took their time casting their votes for the pair at that point because the delisting had no conditions. However, many Kenyans discovered that there were strict requirements that needed to be satisfied before clearance.

  2 months ago ago
Uproar As CBK Announces Conditions Required To Be Delisted In CRB

ECONOMY-FINANCE

Safaricom Makes a U-Turn, Announces the Return of Bank Charges After a Drop in Profits

Two years after discontinuing the charges owing to COVID-19, Safaricom has announced that it will shortly resume charging for financial transactions with banks. The decision was made public on November 11, 2022, the same day the telco reported a 10% decline in profits to Ksh 33.47 billion for the six-month period that ended on September 30, 2022.

  2 months ago ago
Safaricom Makes a U-Turn, Announces the Return of Bank Charges After a Drop in Profits

ECONOMY-FINANCE

Remarks From Gabriel Oguda Concerning The Central Bank Of Kenya.

Gabriel Oguda who is among famous people on social media in Kenya and one of Azimio LA umoja allies today tweeted on his twitter page that Good morning to all hustlers who have bank loans in Kenya. The Central Bank of Kenya has raised its key interest rates by 50 basis points from 8.25% to 8.75%, setting the stage for costly loans for ordinary citizens and businesses.

  2 months ago ago
Remarks From Gabriel Oguda Concerning The Central Bank Of Kenya.

ECONOMY-FINANCE

Central Bank of Kenya Announces Good News as it Give Relief Payment to Blacklisted Mobile Borrowers

The Central Bank of Kenya (CBK) has announced a financial relief to atleast 4.2 million Kenyans blacklisted by Credit Reference Bureaus (CRBs). According to report from CBK , the loan defaulters who avoided payment of Kh30 billion then borrowed from banks, microfinance and mortgage finance companies digitally will now pay 50% of the total loaned amount (Ksh.15 billion).

  2 months ago ago
Central Bank of Kenya Announces Good News as it Give Relief Payment to Blacklisted Mobile Borrowers