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 […]
Banking Services in the Spotlight as the Kenyan Shilling Strengthens Against the Dollar
The surge of the Kenyan shilling against the US dollar marks a significant juncture in the nation’s economic journey, carrying far-reaching implications for financial institutions and the wider community. This development affects various banking services, encompassing borrowing, lending, foreign exchange transactions, and investment opportunities, presenting both challenges and prospects as banks navigate the evolving financial […]
Kenyans to Shift Towards Bank Deposits over Other Investment Options
Kenyan banks are currently experiencing a significant uptick in deposit rates, reaching an impressive 10.1% by December 2023. This surge in deposit rates is a strategic move by banks to attract and retain high-net-worth individuals and corporations. It comes amidst stiff competition from alternative investment avenues such as Treasury bills and bonds, which currently offer […]