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Five banks sign up to pilot mobile loans app for MSMEs

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...

Govt to probe 10 banks on suspicion of handling NYS funds

The list of suspected lenders includes the country's biggest bank by assets, KCB Group, and Standard Chartered Bank Kenya