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Inside KCB-MPESA sh 30 billion loan facility for coronavirus pandemic effects.

Inside KCB-MPESA sh 30 billion loan facility for coronavirus pandemic effects.

Share thisIn a move to cushion their customers from the economic blow back that is sure to come due the the effects of Covid-19, KCB plans to set aside ksh 30 billion economic stimulus fund…

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Financial regulator extends loan payment

Share thisThe Central Bank of Kenya (CBK) has urged financial institutions to accommodate longer loan repayment period as the country battles the scourge of Coronavirus which has since affected the business environment. Small and medium…

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Safaricomā€™s New Savings Platform, MALI.

Safaricomā€™s New Savings Platform, MALI.

Share thisTelecommunication company Safaricom is set to launch a new savings platform, Mali, which will rival local brick and mortar banks. The platform, Mali (wealth), is in the final stages of testing and will allow M-Pesa users to…

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Omtatah Takes President Uhuru to Court over Finance Act, 2019

Omtatah Takes President Uhuru to Court over Finance Act, 2019

Share thisActivist Okiya Omtatah now wants the Court to declare Finance Act, 2019, saying that the right procedure was not followed in passing the bill. According to Omtatah, President Uhuru Kenyatta abused his veto powers…

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Why Sonko has doubled parking charges

Why Sonko has doubled parking charges

Share thisIn a notice dated December 2, 2019, Buses, which are not public service vehicles, will beĀ chargedĀ Ksh.1,000 per day to park in the City. Governor MikeĀ Sonko has dividedĀ parkingĀ areas into three zones among them the City…

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Co-op Bank Scraps Balance Enquiry Charges

Co-op Bank Scraps Balance Enquiry Charges

Share this The Co-operative Bank has announced that it is scrapping all balance inquiry charges to its customers. In a statement posted on it social media pages, Co-op Bank said the move was as a…

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Jumia Closes Shop In Tanzania barely a week After Exiting Cameroon on November 19

Jumia Closes Shop In Tanzania barely a week After Exiting Cameroon on November 19

Share this Jumia has exited the Tanzanian market bareky a week after it closed shop in Cameroon over reducing fortunes that have negatively affected its profitability. In a statement, the company said that it is…

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KPLCā€™s to Hike Power Cost By 20PC

KPLCā€™s to Hike Power Cost By 20PC

Share thisKenya Power is now seeking an approval from the Energy and Petroleum Regulatory Authority (EPRA) to hike power bills by 20 percent to turn around from dwindling fortunes. If given a nod, households consuming…

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CBK Lowers Lending Rates By 0.5 percent

CBK Lowers Lending Rates By 0.5 percent

Share thisThe Central Bank of Kenya (CBK) has lowered its benchmark lending rate by 0.5 percent to 8.5 percent, days after the interest rate cap was repealed. The last time the benchmark lending rate was…

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SAFARICOM NEW TOUGH -OKOA JAHAZI- SERVICE TERMS

SAFARICOM NEW TOUGH -OKOA JAHAZI- SERVICE TERMS

Share this Safaricom in its statement states that it reserves the right to withdraw the Credit Advance from any particular subscriber at any time and to vary or amend any element of the Credit Advance…

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