The Kenyan shilling depreciated against the US Dollar by 2.5% in Q3’2022 to close at Kshs 120.7. This is in…
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Since June 2022, Kenya’s headline inflation has trended above the 7.50% upper band statutory target owing to
elevated food and fuel costs. The inflation hit 8.5% in August from 8.3% in July.
The new rates, effective October 1, will see customers borrowing KES500-1000 pay a daily interest charge of KES6 down from KES10.
Shareholders of KCB Group have approved the proposed acquisition of the DRC-based lender Trust Merchant Bank SA (TMB). At the…
Financial instituions use technology to support their business processes, reduce costs, diversify income streams, and improve customer experience.
The deal will see Equity, which has a KSh1.3 trillion asset base, take over KSh945 million in loan assets from struggling Spire Bank and deposit liabilities of KSh1.3 billion.