Following a meeting with commercial banks on Monday, March 16, 2020, the Central Bank of Kenya (CBK) announces a set of measures that commercial banks will undertake in order to alleviate the adverse economic effects their customers may face from …"EMERGENCY MEASURES TO MITIGATE THE ADVERSE ECONOMIC EFFECTS ON BANK BORROWERS FROM THE CORONAVIRUS PANDEMIC"
Following a meeting this morning with Payment Service Providers (PSPs), the Central Bank of Kenya (CBK) announces a set of measures that will facilitate increased use of mobile money transactions instead of cash. While the immediate objective is to reduce …"EMERGENCY MEASURES TO FACILITATE MOBILE MONEY TRANSACTIONS"
Rome – FAO Director-General QU Dongyu has welcomed a €17 million contribution from Germany to provide assistance to those directly affected by the Desert Locust upsurge in East Africa.
Germany’s Permanent Representative to FAO, Ulrich Seidenberger, made the announcement at …"FAO welcomes €17 million contribution from Germany to combat the impact of the Desert Locust upsurge in East Africa"
The Central Bank of Kenya (CBK) has been advised by both Co-operative Bank of Kenya Limited (Co-op) and Jamii Bora Bank Limited (JBB) of Co-op’s interest in acquiring JBB. The proposed acquisition which is subject to regulatory approvals will lead …"PROPOSED ACQUISITION OF JAMII BORA BANK LIMITED BY CO-OPERATIVE BANK OF KENYA LIMITED"
Non-payment of debts by both National and County governments has reached an all high level and the public are raising concern, saying the situation has started affecting the economy, and has contributed to slow circulation money in the country.
The …"Paying Debts Good For The Country And It Increases Money Circulation"
The UK launched the second round of a business innovation challenge fund that will see an additional 5 promising businesses receive grant funding and technical assistance of up to KES 13,000,000 (pound;100,000) each. The call for proposals will seek to …"UK launches second call for proposals for Business Innovation Challenge in Kenya"