MPC lowers the Lending Rates by 25 basis points to 9.25pc
The Monetary Policy Committee (MPC) decided to lower the Central Bank Rate (CBR) by 25 basis points to 9.25 percent from 9.50 percent, during its meeting held on October 7,…
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Cash-strapped EAC Resorts to Cost-cutting Measures
Failure by the Partner States to remit their contributions in time has left the East Africa Community (EAC) struggling to meet its financial needs. The Secretariat has now resorted to…
Kenya, Turkey to Increase Import – Export Trade Ties
The Kenyan government is keen on strengthening its bilateral relations with Turkey at the on-going Turkey-Africa Economic and Business Forum (TABEF 2016), in Istanbul. A delegation of over one hundred…
Ecobank launches App to transform Banking in Africa
he new App enables customers to open a new digital account with no more than a few clicks, with no paper references
Goodlife acquires Green Cross accreditation
 Goodlife Pharmacy has received the Green Cross accreditation and an endorsement from the Pharmaceutical Society of Kenya (PSK) as the chain seeks to grow its footprint from the current 18…
Large Banks to benefit from Interest rate capping – report
Large banks will be the greatest beneficiaries of the new law capping bank interest rates, according to a new study released by Britam Asset Managers. According to the report, the…
UAP-Old Mutual  beefs up market with new consumer drive
Financial services provider UAP Old Mutual Group has embarked on consumer drive exercise as it seeks to consolidate the gains realized by the merger of UAP and Old Mutual last…
Chase Bank partners with Edulink International College to ease payment options
By Brian Yatich Chase Bank and Edulink International College have entered into an agreement that will see the bank become the institutions financial partner. The move is part of the…
Burundi-Rwanda diplomatic spat could hamper EAC integration
Growing rift between the two East African countries is a ticking time bomb
Why African airlines are struggling to make profit
The challenge is bigger than Kenya Airways (KQ) alone can tackle
Bringing fresh ideas to the pension industry
Octagon Africa helps you save for a sustainable future
Harmonise EAC Tax Regime, States Told
Tax harmonisation across the East African Community (EAC) member states is the way to go if the countries are to attain economic union, businesses opine. Currently, the countries' huge disparities…
The Father Of Islamic Banking In East Africa
Shahbal conquered numerous obstacles to set up Gulf African Bank Suleiman Shahbal, the founder chairman of Gulf African Bank and Gulf Energy Company is an ebullient and eloquent but surprisingly…
Kenya Airline still dives in loss
Kenya’s national carrier, Kenya Airways (KQ) is not out of the woods yet. The airline recorded a post-tax loss of KSh26.2 billion for the year that ended March 31 compared…
Rwanda budget hits US$2.49bn
As government moves to slash foreign aid Though foreign aid still constitutes a significant percentage of Rwanda’s budgets, the government is gradually cutting down on donor funds. The country’s budget…
Kenya is Ecobank’s next growth frontier
The pan-African bank’s thrilling turnaround and its five year growth strategy On June 16, 2008, Ecobank Transnational Inc (ETI), a pan-African banking conglomerate with headquarters in Lome, Togo, arrived in…
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