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 […]
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)
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 […]
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 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 […]
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 […]
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, […]
One of the Kenya’s veteran Public Relations practitioners Gina Din-Kariuki ( pictured ) is set to receive an Outstanding Individual Achievement SABRE Award this year. Popularly known as Gina Din, the PR pioneer is being recognised for being a trailblazer in the African Public Relations landscape, an entrepreneur and a mentor to other female professionals. […]
NCBA Group chairman James Ndegwa (left) and his brother Andrew Ndegwa each own a 4.16 percent personal stake in the bank with a market value of Sh1.6 billion apiece. FILE PHOTOS | NMG NCBA Group chairman James Ndegwa and his brother Andrew Ndegwa each own a 4.16 percent personal stake in the bank with a […]
A forex bureau in Nairobi. A high incidence in money laundering activity makes it difficult for monetary authorities to track currency movements. FILE PHOTO NMG I gather that the Central Bank of Kenya (CBK) has issued a circular giving commercial banks six months to open and declare contents of all safe deposit boxes in their […]
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