Banks have become a core need in our economy. This is because they not only enable you to deposit and withdraw money but they also give you a platform to save, invest and acquire loans at reasonable rates. We have so many banks in Kenya, thanks to economic growth and development. Today, I would love […]
The Victoria Falls Stock Exchange (VFEX) will be launched this Friday in the resort town and trading will commence the following Monday-the 26th of October 2020, the Zimbabwe Stock Exchange (ZSE)has said. The VFEX -a subsidiary of the ZSE will become the country’s second stock exchange after the ZSE and will be denominated in foreign […]
When the Central Bank of Kenya announced in March that lenders would offer a repayment holiday on personal and business loans distressed by the Covid-19 pandemic, there was excitement among many borrowers. A big number were only coming to terms with sudden loss of income following tough economic shutdowns. To cushion borrowers, the banking sector […]
Residents of Mahiga-Meru village chase desert locusts using old aluminium cooking pots, iron sheets and twigs, in Laikipia County (file photo). Top Kenyan banks have yielded to the Covid-19 pandemic with grim prospects of weaker profitability, slowed loan book growth and a surge in the volume of bad loans, signaling reduced dividends for shareholders and […]
Kenya Commercial Bank has shut down one of its main branches after a South Sudanese envoy collapsed and died. Confirming the Thursday afternoon incident KCB, in a statement, said it had opted to close KCB Advantage center at Kencom House along Moi avenue indefinitely. The bank revealed that it had already reported to police the […]
BoU Governor Tumusiime Mutebile Uganda can still meet its debt obligations despite continued borrowing, the Bank of Uganda (BoU) said in its latest report on the ‘State of the Economy’, which presented the global and domestic economic developments in the period to August 2020. “Despite the increase in borrowing, Uganda’s debt levels remain sustainable with […]
Nairobi Securities Exchange. FILE PHOTO | NMG Loss-making firms have dominated the top 10 list of stocks on the Nairobi Securities Exchange #ticker:NSE (NSE) that recorded price gains since the start of the year despite Covid-19-related economic disruptions. A review shows that stocks of firms such as Kenya Airways #ticker:KQ, Uchumi Supermarkets #ticker:UCHUM, Sameer Africa […]
Mobile money has changed the financial landscape in the country since its introduction in 2009 and is as well approving a reality of a cashless society. (Photo : Next Billion) In a joint statement released today, telecommunication firms MTN Uganda and Airtel Uganda have reinstated mobile money services and now their customers can send and […]
Always wanted to know everything about the Dutch Telecoms market? Then the online Masterclass Introduction Dutch Telecom market is for you! Please enroll here ! MTN Uganda and Airtel Uganda have announced the restoration of mobile money services between the two networks. A joint statement by Wim Vanhelleputte, the CEO of MTN Uganda, and VG […]
The latest woes of the National Oil Corporation (Nock) may have come as a shock for a State parastatal with all the instruments to make money in a prolific market where demand beats headwinds including the latest Covid -19 pandemic. For a company that has had several regulatory ‘through passes’ from the government, Nock, as […]
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