Four banks have signed up for a mobile facility that would offer Micro, Small and Media Enterprises (MSMEs) loans at an interest of 9% per annum. The mobile credit scheme, known as Stawi, will initially be managed by Commercial Bank of Africa (CBA), Cooperative Bank...

The infamous Goldenberg Scandal rocked the country during former President Daniel Moi’s tenure

KCB Bank has submitted a Final Offer to the Central Bank of Kenya and Kenya Depositors Insurance Corporation (KDIC) as it gears up to buy Imperial Bank Ltd, which is presently in liquidation. CBK and KDIC had in December last year announced a release of...

The Consumer Federation of Kenya has filed a notice of appeal against the High Court ruling that declared the bank interest rates capping unconstitutional. In a statement,  Cofek said the ruling by Justices Tuiyot, Kamau and Ng’etich as delivered on March 14 this year was...

Kenya is leading the continent in terms of smartphone penetration and internet usage the phone is key to most transactions and activities. Kenya has a 91% penetration of mobile subscriptions compared to Africa's 80%. Globally, Kenya has the highest share of internet usage from mobile...

Kenya is at a crossroads. Geographically, it sits almost perfectly between East and West, North and South, which makes for a natural trade and financial hub. Kenya also has some of the most sophisticated financial infrastructure in Africa. Our laws and regulations, and the...