End of Road for Rogue Digital Lenders Who Give Kenyans Sleepless Nights Following New Proposed Rules
The rogue digital lenders who have been giving Kenyans sleepless nights with annoying calls and endless text messages with some of them exposing those who owe them have suffered a hammer blow after new rules are set to be passed by the lawmakers in bid to protect the borrowers. According to the expected changes, the lenders who share the personal data of Kenyans who have defaulted loans will lose their licenses.
The question that majority of Kenyans always ask themselves is where their currency originate. Therefore in this article I will answer the question. To be begin with, Kenyan currency is printed in a company known as De La Rue in Nairobi, the company has also been responsible for producing valuable documents such as first national identity cards and most notable is printing and production of Kenyan notes.
Few days ago, Business mogul Jimmy Wanjigi revealed that SGR was supposed to cost Kenyan shillings 55 billion, but the figure ballooned to over Kenyan shillings300 billion, causing major friction between himself and the government. He also revealed that the railway line was supposed to run from Mombasa to Malaba, but it was later revealed to him that it would only run from Mombasa to Nairobi, at a cost nearly six times the original estimate.
Kenyans have been left in great panic after China declares worrying news concerning Kenya's debt. According to governor of Central Bank of Kenya Hon.Patrick Njoronge, he advised the Senate Budget and Finance Committee yesterday that our country Kenya needed to prepare proper policy responses related to debt management which stands at 56.5 per cent of the gross product from 42 per cent in 2013 since the time when the Jubilee Government led by president Uhuru Kenyatta came to power.
Deputy President William Ruto ( Photo Courtesy) If he wins the 2022 presidential race, focus will now shift to whether Deputy President William Ruto has what it takes to deliver on the many promises he has made to Kenyans going into the next year's general election. A self- proclaimed champion of the so called hustlers, the DP will have to battle the burden of expectations should he assume the highest and the most powerful office on land.
The government is set to introduce a new code of conduct to guide the CRB listings by digital lenders. The code which is backed by the Central Bank of Kenya (CBK) is expected to provide a framework for best practice to none regulated players. The code of conduct is in the National Assembly and it has been classified as tbe an ammendment to the Central Bank Act.
The issue of public debt is increasingly causing an alarm in the national treasury. The Central Bank of Kenya is accorded the role of banking, advising and being fiscal agent to the government. They also provide financial stability through regulation, supervision and licensing financial institutions under its mandate.
Central Bank of Kenya warns Kenyans of tough times due to the high rise of fuel prices.CBK said that high food and fuel prices, and taxes will continue to put pressure on livelihoods. Stating this yesterday, CBK'S monetary policy committee ( MPC), the bank's highest decision-making organ, said that the overall increase of goods and services has largely affected Kenyans as it has increased due to an increase of fuel and food.
Photo/Courtesy Employment creation policies in Kenya has been seen as a greater factor for economic growth and development. The underlying parameter has been that faster economic growth would lead to employment creation and that income generation would improve the standards of living and eradication of poverty. Therefore unemployment on the other hand affects the economic growth of any country, including Kenya.
The government of Kenya has advertised positions for jobless graduates to apply for internship programs through the Central Bank of Kenya.This advertisment is in line with jubilee's government manifesto to offer a lifeline to students who have toiled for four years and have been unable to secure a decent wage.
MP Alleges Further Plans by State to Tame Ruto, Mentions Claims of DP's Money Stashed in Foreign Bank
In 2019, the Kenyan government through the Central Bank of Kenya,made it clear that they were intending to change the faces of Kenya's currency notes.No explanations were given as to why such change could come at the time. The year however, was a kind of its own as it was the time DP Ruto was starting to distance himself from President Uhuru Kenyatta, after the latter joined hands with Raila Odinga.
Central Bank of Kenya governor Patrick Njoroge has come out to pass an essential message to the country and it's citizens. According to Njoroge, the total debt service as a proportion of revenue had shot up to more than fifty percent in the financial year 2019/2020 which means half of the revenues collected were being channeled to the debt service.
Are you done with your university or are a you a graduate and looking for an opportunity to keep yourself busy? CBK is looking for you.Central Bank Of Kenya has opportunities for youths who recently graduated from campus. The aim of the intern is to make them ready for employment,equip them with skills that will help them have integrity when they later get employed.
Many people find themselves in trouble after either tearing or burning their money. This might happen when you accidentally wash the money with clothes or it just get torn without your knowledge. When the currency in form of notes gets wet many people will go ahead and dry them.
Most individuals have been asking us to uncover the list of the top 10 richest people in Kenya in 2021. According to a publication by Forbes I managed to uncover who is the richest man in Kenya for the year 2021. As a result, today, I shall list the Forbes top ten richest people in Kenya in 2021.
The National Treasury intends to raise Ksh.60 billion from Treasury bonds (T-bonds) one month from now. The Central Bank of Kenya (CBK), which addresses the exchequer in the issuance of its obligation instruments, has re-opened three past T-bonds to financial backers. The three bonds; FXD1/2013/15, FXD3/2019/15 and FXD1/2021/24 have 6.4, 12.9 and 24.7 years to development and are open available to be purchased to financial backers until October 5.
For a while now Kenyans have been facing a problem with job opportunities which has forced a good number of graduates to seek alternatives. The most annoying thing is that when you seek a job after freshly graduating it is quite hard due to the various levels of job experiences required.
Central Bank of Kenya, CBK, has announced internship opportunities for youths between the age of 21 to 29 who posses bachelor degree in various fields from recognized institutions. The program will take six months and it aims to enable or rather give opportunities to the participants to acquire work experience.
Central Bank of Kenya (CBK) has announced internship opportunities that will run for a period of six months. The announcement was made through a notice shared on the monetary authority's social media page on Friday, September 3. The internship program is set to prepare young Kenyans for employment opportunities in the Banking and Finance sector.
The Central Bank Of Kenya Governor Dr. Patrick Njoroge is calling for efficiency in public spending to address the rising debt. According to the CBK manager, he told the Senate Committee on Finance that the public debt levels are rising largely due to heavy spending on infrastructure and Covid-19 related funding.