Civil servants have defaulted on repayment of Sh6.5 billion in loans they were given to acquire houses under a scheme...
The Central Bank of Kenya (CBK) initially blocked the product that is anticipated to upend the mobile loans market but has now approved a Safaricom-backed zero-interest...
African leaders have been urged by President William Ruto to join a pan-African payments system to ease trade within the continent as a first step toward...
Owing to a loan loss provision, I&M Group PLC’s first-quarter profit after tax for the three months ending in March remained unchanged at Sh2.5 billion. A...
President William Ruto has urged African countries to adopt local currencies as modes of payment to boost trade. The head of state said that the usage...
According to a recent report, the number of users of the Fuliza platform surged by 16.8 million in the year that ended in December, indicating Kenyans’...
By developing and implementing specialized sustainable financial solutions, Faulu, the leading microfinance bank, has strengthened its dedication to promoting social entrepreneurs. The move is aimed at...
A firm owned by the late billionaire Naushad Merali’s family has agreed to minimise its losses in the Nairobi Securities Exchange-listed company by selling its 35%...
Procuring firms are required to adhere to the laws and regulations that govern the procurement process by the Public Procurement Regulatory Authority (PPRA). The regulator said...
In order to increase transparency and accountability in the use of public resources, the National Treasury has closed four transaction accounts and moved funds for government...
