BANKING

BANKING

Eazzy Loans : This is Equity Banks new one-month mobile based loan product

Equity Bank is putting on hold the Eazzy Plus Loans. Eazzy Plus Loan was attractive due to the fact that consumers could apply for loans payable in two months to…

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Imperial Bank BANKING

Imperial Bank depositors to receive a third disbursement of funds up to a maximum of 10% of their remaining deposits

There is some good news to all the Imperial Bank depositors. Verified depositors will be able to access additional funds of up to a maximum of 10 percent of their…

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BANKING

CBK: Credit and liquidity checks show impact on Monetary policy in Kenyan banks

The Monetary Policy Committee (MPC) of the Central Bank of Kenya has  reviewed the outcome of its previous policy decisions and the recent economic developments. The meeting held against the…

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BANKING

EazzyAPI by Equity Bank is the power Kenya’s online businesses have been waiting for

Of the challenges faced by online businesses in Kenya including warehouse logistics, ontime delivery nightmare, and risks associated with cancellation of orders, payment methods top the list. Most Kenyans do…

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BANKING

How to know amounts to pay Central Bank after successfully applying to invest in Treasury bills

A treasury bill is a short-term borrowing instrument issued by the Government through the Central bank of Kenya (the fiscal agent) to raise money on short term basis – for…

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treasury bills BANKING

How (and when) to invest on Treasury Bills in Kenya

The following are instructions on how and when to invest on Government Treasury Bills: Any potential investor MUST have an active and updated CDS account at Central Bank of Kenya. 91-,…

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BANKING

Flutterwave wants to transform payments processing in Kenya (and Africa)

Flutterwave, a startup that wants to make it big in Africa has set its inroads in Kenya’s already busy fintech playing field. Flutterwave hopes to ‘process payments to & from…

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BANKING

Barclays Financial Services Limited (BFSL) – a new stock brokerage subsidiary of Barclays Bank

With the capping of interest rates it is only a matter of time before banks diversify to new income generating businesses so as to remain profitable. The banks will have…

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BANKING

Eazzy Banking Suite – a new digital banking platform from Equity Bank that is meant to be the replacement for physical bank branches

Equity Bank is keen in making the banking experience of its customers for appealing. It is because of this reason that on Tuesday, 11th October, 2016, the bank announced that…

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BANKING

Do not be deceived, Equitel Eazzy Loan is not more expensive than M-Shwari

If you ever wanted a reason to ditch the M-Shwari Loan for the affordable Equitel Eazzy Loan, then this is it. With the reduction in interest rates to 14% in…

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cbr BANKING

The cost of loans to lower further as CBK re-adjusts the lending base rate, CBR, downwards

In an earlier article we had informed you that the Central Bank of Kenya (CBK) Governor Patrick Njoroge had come out clear and declared that the Central Bank Rate (CBR)…

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BANKING

CBR or KBRR, which is the lending base rate that commercial banks should adapt?

Which is the base rate that commercial banks are supposed to use to price their loans? Is it the Central Bank Rate (CBR), now at 10.5 percent, or the Kenya…

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m-akiba BANKING

The mobile-traded government security, M-Akiba, to be launched in October, 2016 after multiple botched attempts

After waiting for close to a year now the mobile-traded government security, M-Akiba, will launch in a month’s time, that is, October 2016. According to the Business Daily the following…

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AFRICA

Jumia to get in the payments industry with Jumia Pay

Jumia to get in the payments processing industry with Jumia Pay I’d say the payments processing industry in Africa, and specifically Kenya has been quiet for a while after the…

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BANKING

Central Bank slashes KBRR rate by 10 percent as CBR retained at 10.5 percent

The Central Bank of Kenya (CBK) retained the Central Bank Rate (CBR) at 10.5 percent after the Monetary Policy Committee (MPC) committee met today. This, according to CBK, is to…

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BANKING

Equitel Services will never overtake MPESA unless marketing and distribution are restructured

We have said here several times that Safaricom services are damn expensive, where in a recent analysis we concluded that by and large Safaricom services are at least 50-70% more…

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BANKING

Barclays Bank of Kenya to empower Kenyan youth with shs 230 million

The biggest problem in Kenya since Moi ruined the economy has been Youth Unemployment. President Kibaki under NARC promised to provide more than a half a million jobs each year…

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BANKING

This is how Kenya Bankers Association wants to clean up the mess in the banking sector

Hopefully, Chase Bank is the last bank that has collapsed under the nose of Central Bank of Kenya, especially now that Kenya Bankers Association has pledged to pay a keen…

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BANKING

KCB acquires Chase Bank despite political forces pushing for Qatar National Bank

KCB acquires Chase Bank setting the stage for Chase Bank to reopen three weeks after it was placed under receivership. This comes after Central Bank of Kenya (CBK), Kenya Deposit…

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BANKING

Equity Bank CEO Dr. James Mwangi lied to Kenyans on live television

The state of the banking industry is not rosy. Since the collapse of Chase Bank, Kenyans have been wondering if there is any bank left that is immune to collapse,…

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BANKING

Social Media Rumours to blame on the collapse of Chase Bank, CBK says

After about 24 hours of Social Media rumours on the collapse of Chase Bank, Chase Bank finally closed. The decision to close the bank was made at 4 AM in…

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BANKING

Chase Bank troubles are not malicious rumours

Chase Bank is in trouble, and it is not because some malicious competitor is spreading malicious rumours against the customer centric bank as many in the social media have alleged,…

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BANKING

How to easily qualify for the shs 3 million Eazzy Plus Loan from Equity Bank

Equity Group held its Annual General Meeting on Thursday, 31st March 2016 and from the meeting the CEO of the Group Mr. James Mwangi made several announcements, and one interesting one…

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BANKING

KCB goes an extra mile to provide the modern day mortgage deals

KCB Bank has partnered with Chloride Exide, East African Cables and Crown Paints to offer added value to the lender’s mortgage customers in efforts to push uptake of housing products….

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BANKING

KCB Foundation to sponsor 240 needy and bright pupils who sat for 2015 KCSE

Every January parents struggle to pay school fees and buy school related accessories. However, KCB would like to make things easier for parents. KCB Foundation will be sponsoring at least…

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BANKING

Integrated digital payments and the Switch technology

Sometime back while in Kisii town, I went to a KCB machine to get some money but the ATM was not working. While coming out I met a lady who…

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BANKING

Cooperative Bank partners with SimbaPay as it eyes Diaspora’s banking industry

Cooperative Bank has partnered with SimbaPay a digital money transfer provider to offer international money transfer services to the bank’s customers in the Diaspora. According to the World Bank, Kenyans…

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BANKING

Barclays defies the traditional banking system to entertain customers

Barclays has rolled out internet connection to its banking halls in what is aimed at improving cutomer experience to enrich service value. In conjunction with Liquid Telcom Kenya, the bank…

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BANKING

Credit Cards With EMV Chips Will Reduce Fraudulent Purchasers And Counterfeit ATM Cards

Financial institutions that allow customers to use credit cards always strive to provide ultimate security. A week a go I had a crazy experience with Co-operative Bank. Apparently, I had…

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BANKING

I&M account owners can now transact through Airtel Money

I&M account holders will now be able to “pull” money from their bank accounts into their Airtel Money Wallets or vice versa. This is following a partnership by the two…

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