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Monday, October 21, 2019

Loans

Interest Cap Law Locks Out 1.2m Small Businesses and Individual Borrowers – KBA

The Kenya Bankers Association (KBA) has made public its third report on the effect of the interest capping law which prohibits banks to price loans at four percent above the Central Bank Rate (CBR). The report indicates that the interest...

Oigara: cap on interest rates in Kenya should be scrapped

KCB chief executive officer has backed the scrapping of the law that capped interest rates in Kenya at 14 per cent. While speaking when he released the end of year results for the bank, Mr. Oigara said that KCB was...

7 Easy Steps Of Accessing Youth Fund In Kenya

The Youth Enterprise Development Fund is a fund set aside by the government to provide affordable loans to youths  interested in undertaking business. The fund offers startup loans targeting youths who are in registered groups. Below are seven steps on how...

7 Most Foolish Ways To Pay Off Your Debts

The stress of being deeply in debt can cause smart people to make foolish decisions – but you don’t have to. Are you feeling trapped by your financial struggles? Discover the five worst ways to pay off debt, and learn...

Co-op Bank gives Sh. 8.7 billion loans via mobile phones

Co-operative Bank has seen a rise in the amount of loans it has been giving out through its mobile phone lending platform. In the period ended June 2017, Co-operative Bank saw its mobile loans hit Sh. 8.7 billion. This reflected a...

Equity Bank to stop giving salary loans

Equity Bank is set to stop giving out salary loans under its docket for unsecured and micro loans. This is a move that is expected to affect salaried workers and owners of small businesses. According to Kenya's Business Daily, the bank...

Kenya’s Leading SACCOS that can speed up your Business Growth

This is how SACCOs work – You become a member, set your saving goal and start saving. Let’s say you start today and target to save Ksh50,000 ($500) in the next 10 months. After you reach that target, your...

Top 10 Institutions that offer business funding in Kenya

Do you want to start a business but have no clue where to find to find capital for the business? These organizations are aimed at helping startup entrepreneurs get funding for their business. 1. Angel Networks Angel Networks are financiers who...

How Co-op Bank funded Two Rivers mall

Co-operative Bank was among the top financiers that saw the birth of East Africa's largest mall, Two Rivers. It has emerged that Co-operative Bank gave the project a loan of Sh. 9.2 billion. This follows a revelation that is set...

Banks go slow on lending as loan defaults rise

Kenyan banks have gone slow on offering credit as more borrowers default on their loan repayments. According to data from Central Bank of Kenya (CBK) banks increased requests for credit information by over 100 per cent last year. Bank credit report...
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Richard Quest: This is why I would never start a business

Richard Quest Net Worth: Top CNN Business anchor Richard Quest was in Kenya in 2018. The host of Quest...
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Grace Mumbi: How I make my 5 cows produce 90 litres of milk daily

How to increase dairy production: Very few dairy farmers can boast of getting 90 litres of milk per day from five cows. But Grace...

Betin fires 2,500 Kenyans, closes 500 betting shops

Betin Employees: Betting firm Betin is shutting down 500 betting shops in Kenya. This has seen the firm sack over 2,500 Kenyans. Betin becomes the...

Joe Wanjui Profile: Biography, Family and Businesses

Joe Wanjui Profile: Billionaire businessman Joe Wanjui is a director at UAP Holdings. He is perceived as one of Kenya's most shrewd businessmen with...

Billionaire Chris Kirubi’s 11 ways you can get wealthy

Chris Kirubi Net Wealth: According to billionaire industrialist Chris Kirubi, to achieve success, you must adhere to a number of disciplines that will enable...