A former investment manager with the National Social Security Fund, Francis Moturi, has been found guilty of fraud and slapped with Sh2.6 billion fine or 14 years in prison. Moturi had been convicted for defrauding NSSF Sh1.2 billion through a collapsed stockbroker in 2008. The pensioners fund is said to have lost an estimated Sh5.5 […]
Tag: barclays bank of kenya
Help! We’re about to lose our family home over a bank loan our dad took
My father took a loan from a commercial bank with our family home as security, three years ago. He was steadily repaying the loan as agreed in writing until he fell sick and has been bedridden. We have been receiving letters from the lender, which we have also been responding to – requesting for grace […]
Help! We’re about to lose our family home over a bank loan our dad took
My father took a loan from a commercial bank with our family home as security, three years ago. He was steadily repaying the loan as agreed in writing until he fell sick and has been bedridden. We have been receiving letters from the lender, which we have also been responding to – requesting for grace […]
![[WATCH] The Evolution of Mobile Banking in Kenya](https://moneyinafrica.com/wp-content/uploads/2021/08/E5wn1neXoAAdq0p-230x168.jpeg)
[WATCH] The Evolution of Mobile Banking in Kenya
In Kenya, M-PESA, the mobile money transfer service established in 2007 by Safaricom, is regarded as the first truly successful mobile money service in the world. M-PESA is accredited with introducing financial services to low-income and unemployed persons across the country, unlocking economic opportunities for millions. However, before M-PESA, the Kenyan banking and finance sector […]
How M-Shwari outpriced itself from lucrative mobile loans
Your greatest advantage today can turn into your worst drawback tomorrow. Such is the vagary of life that NCBA, the third-largest bank in the country, is grappling with after President Uhuru Kenyatta signed into law the Finance Bill, 2021. With the ratification of the Bill, all the lenders with mobile lending and saving platforms have […]
Court wrangles open the lid on hefty perks for top audit bosses
On an October Monday morning four years ago, Richard Boro Ndungu, a partner at audit firm KPMG Kenya, was informed by the chief executive that an investigation was being launched over his conduct. The CEO, Josephat Mwaura, asked him to hand over his mobile phones and laptop so they could be forensically imaged to determine […]
Absa to invest Sh1.6 billion in technology
Absa Nairobi branch (PHOTO:Wilberforce Okwiri) Absa Bank has said it will invest more than Sh1.6 billion in technology to enhance service delivery. Speaking during a media briefing at the bank’s Queensway branch in Nairobi yesterday, Absa Managing Director Jeremy Awori said delivering a differentiated customer experience remains at the core of the bank’s growth, transformation […]
Absa Kenya to Invest Ksh1.6 Billion in Digital Products
Absa Bank Kenya Plc. executives People are reluctantly visiting bank halls due to proliferation of mobile banking that has made it easier for customers to do nearly everything at their fingertips. Absa Bank, formerly Barclays Bank of Kenya, is in for the revolution and plans to inject Ksh 1.6 billion in the shift. The bank […]
AGRA financing model sees 230,000 farmers access loans
Despite the fact that innovative financial models have been developed across Africa, relatively little finance options are available to smallholder farmers. Hedwig Siewertsen, the Head of Inclusive Finance at the Alliance for Green Revolution in Africa (AGRA), says the challenge has been the reluctance of most financial institutions to invest in small-scale farmers for a […]
Local banks to stop accepting Barclays cheques in February
Absa Bank Kenya PLC managing director Jeremy Awori celebrates with staff at the Sarit Centre branch during the official unveiling of the Absa brand in Kenya on February 10, 2020/ Banks in Kenya will stop accepting Barclays cheques effective February 1. This is almost one year since the name change to Absa, on February 10, […]