The Top 10 Loan Apps With the Lowest Interest Rates in Kenya
Today, facing financial challenges is common. But thanks to modern technology, finding quick and trustworthy solutions has become easier than ever before. Mobile loan apps have emerged as go-to resources for many Kenyans, offering a speedy way to tackle unexpected expenses and financial hurdles without burdening borrowers with high interest charges. Here, we’ll take a […]
Why Kenyans Are Spreading Their Money Across Multiple Banks
A recent survey by the Kenya Banking Association paints a clear picture: over 62% of Kenyans choose to bank with multiple institutions, a trend that signifies a deliberate move away from singular bank loyalty. Gone are the days of simply choosing one bank and sticking with it for life. This phenomenon, while not entirely new, […]
Sanlam Kenya’s 10-year No-Dividend Streak Marches On
Sanlam Kenya PLC shareholders will continue to face a decade of disappointment as the company extends its streak of no dividends for another year. The board of directors failed to recommend paying dividends for the financial year ending December 2023, extending the suspension of payouts that began in 2013. That year, Sanlam Kenya issued its […]
Key Blunders to Avoid When Borrowing From a Bank
Taking out a loan can be a smart financial move, helping you consolidate debt, finance a major purchase, or cope with unexpected expenses. But navigating the loan application process can be complicated, and borrowers often fall into a trap that often leads to financial stress along the way. Here are 10 loan landmines to avoid […]
How will the IMF and World Bank Loans Accelerate Kenya’s Economic Development
Kenya’s economic outlook is set for a significant boost with the expected disbursement of Sh288 billion ($2.2 billion) in loans from the International Monetary Fund (IMF) and the World Bank. This financial injection comes at a crucial time as the nation grapples with challenges like rising import costs, social inequalities, and infrastructure gaps. The IMF […]
What The E-Invoice System Holds For Your Small Business
The Kenya Revenue Authority (KRA) is intensifying efforts to bring small businesses into electronic payments (e-invoicing) with the launch of a new scheme. This initiative comes after failing to meet their initial targets, with only a handful of expected businesses adopting the Tax Invoice Management System (TIMS) introduced in 2022. The initial implementation of TIMS […]
Access Bank and Safaricom Partner to Revolutionize Remittances Across Africa
Access Holdings, which owns Access Bank Plc, is merging with Coronation Group to create a partnership with Safaricom PLC and M-PESA Africa. The partnership aims at providing a remittance corridor between East and West Africa. Africa pulsates with the energy of diverse cultures and burgeoning economies. Yet, a significant hurdle continues to impede progress – […]
Charles K Muchene Recognized as a Great Leader among Board Chairs
Charles K Muchene has been distinguished among the 25 most impactful Chairs of Boards in the country. This is in light of his visionary leadership at Absa and his strong business acumen, which extends across various sectors and industries. As the Chairman for Absa Bank Kenya Plc and a board member of AIG Insurance Ltd. […]
The Top 10 Loan Apps in Kenya
As Kenya increasingly embraces digital innovation, the demand for accessible financial services has greatly increased. Loan apps have become a convenient and efficient option for individuals in need of quick loans. Here, we’ll take a closer look at the top 10 loan apps in Kenya: Tala loan app is a popular choice for borrowers looking […]
What the Depreciation of the US Dollar Against the Kenyan Shilling means for Banks
The recent depreciation of the US dollar against the Kenyan shilling has reverberated throughout the banking sector in Kenya, ushering in a period of both challenges and opportunities. At the current usd to ksh exchange rate of 1 United States Dollar equaling 144.50 Kenyan Shilling, the depreciation of the US dollar against the Kenyan shilling […]