Money – Kenyan Enterprise

High Court Declines to Review Order in Sh102m Case

Enterprise Team — Thu, 13 Oct 2022 07:12:35 +0000

The 21-year-old college student, whose bank account contains frozen Sh102 million has suffered a blow after the High Court declined to review the order. Teddy Kago wanted a variation of the order to provide for reasonable living, legal and travelling expenses amounting to Sh10,672,000. Justice Esther Maina, however, dismissed her application with cost, saying she […]

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Money Circulation Hits a Record High Of Sh261.5B in July – CBK

Enterprise Team — Sat, 08 Oct 2022 06:23:02 +0000

Money circulating in the economy hit a record high in July, reflecting increased spending power even as politicians loosened the purse strings and splashed the cash on campaigns just days before the hotly contested August 9 polls. Latest statistics from the Central Bank of Kenya (CBK) show currency outside banks that is the amount in […]

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Mpesa, Airtel Money, and T-Kash Agents Handle Over Sh700b in July

Enterprise Team — Thu, 08 Sep 2022 14:59:37 +0000

Mobile money agents in Kenya handled over sh700 billion for the first time in July. According to a report by Business Daily, this is the first time money merchant agents have passed this mark. The growth reflects an increased reliance on mobile money agents for businesses in Kenya. Earlier this year, Safaricom allowed Kenyan Airtel […]

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6 Financial Tips For Young Adults In Their 20s

Enterprise Team — Tue, 30 Aug 2022 08:18:22 +0000

Taking steps sooner than later to manage your financial affairs will not only set you up for success later in life, but will also help protect your hopes, dreams, and goals when life throws you a curveball. When you are in your 20’s you have time on your side which is a huge advantage when […]

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Business Capital Isn’t Just About Money, There’s More

Enterprise Team — Thu, 10 Mar 2022 19:15:57 +0000

The vast majority of people associate capital with financial wealth. When economists discuss capital, they refer to the assets that enable improved productivity, which should lead to a higher standard of living. However, when corporate capital is defined purely in terms of monetary wealth, market capitalisation or sales, it invalidates other larger, longer-term goals and […]

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Money Mindset That Is Holding You From Starting A Business

Enterprise Team — Thu, 04 Jul 2019 12:22:57 +0000

Never be deceived that business is just started without capital. Practically a business needs finance and that is why capital is always a necessity. However, this can never be a stumbling block to starting your business. What you need most is that business idea and the execution follows afterwards. The plan you have in your […]

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National Bank Issues A Profit Warning Due To Higher Loan Impairment And Restructuring Costs

News Team — Tue, 26 Mar 2019 11:38:19 +0000

The National Bank of Kenya (NBK) has issued a profit warning for the financial year ended December 2018 citing higher loan impairment charges and restructuring costs. The bank which is a listed lender of The Nairobi Securities Exchange will now be expected to post at the very least 25% lower earnings for the year ending […]

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Low Cost Business Ideas You Can Implement This Weekend.

Enterprise Team — Sat, 09 Mar 2019 05:00:58 +0000

In the entrepreneurship world, so much is said about start ups and the hardships, hustles and all the difficulties one goes through to establish themselves. But hey, I believe that in every sphere of life you have to struggle to get what you want. No gain without pain. Even in school, to get those first […]

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Money Laundering Tough Laws Approved By Banks.

Enterprise Team — Thu, 07 Mar 2019 09:46:49 +0000

The legislators have plans to hold Central Bank of Kenya (CBK) stringent anti-money laundering laws which have now received heavy support from Commercial Banks. Joshua Oigara the Sector lobby Kenya Bankers Association stated that the laws these laws are fundamental when it comes to preserving the integrity of the banking system. “We are behind these […]

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