SAN FRANCISCO — In addition to working at a hospital in Nairobi, Kenya, Grace is a clothing entrepreneur. She uses a mobile app to take out loans that help her keep the business running. “My customers usually don’t pay for the clothes immediately, so I usually borrow to ensure I
Improve Your Financial Health Now By Making These 5 Moves…
The Central Bank of Kenya governor Patrick Njoroge has asked bankers to adopt a new sense of social responsibility in pricing of loans, days after a legal cap on borrowing was lifted in a move expected to unlock credit to the economy. The removal of the cap is seen as
I&M Bank has joined the class of large banks after its market share grew by 0.54 percentage points, driven by new business from its acquisition of Giro Bank concluded in 2017. Its market share grew to 5.32 percent to rank ninth and surpass the five per cent mark used by the
Equity Bank chief executive James Mwangi on Tuesday made a retreat over his retirement plan on a day when the lender announced a 12 percent growth in net profit for the nine months to September. Mr Mwangi, who has served the bank for 29 years, told a media briefing that he
M-Akiba 2 raises KSh263 million, misses the KSh500 million target
M-Akiba missed the Sh500m target despite gaining 51,461 new accounts. The National Treasury (TNT) reported that the M-Akiba Retail Infrastructure Bond issue “Re-Open 3 of August 2019” raised Sh263 million.