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1-10 results from 1000 for query «banking»

June 23, 2017 4:38 PM Peter Kenneth gets CBK licence to open bank

Nairobi governor aspirant Peter Kenneth and his partners have been granted a banking licence, allowing them to enter the lucrative lending business. Mr Kenneth is among 25 shareholders of Mayfair Bank, the newest lender in Kenya, which is anticipated to begin operations immediately with the first branch at Upper Hill business hub in Nairobi. Staff and management 2

June 23, 2017 10:10 AM New bank in Kenya as CBK grants Mayfair licence

NAIROBI, KENYA: Central Bank of Kenya (CBK) has granted Mayfair Bank licence to conduct banking business in Kenya. In a communication, CBK said the license has been granted pursuant to Sections 4 and 5 of the Banking Act (Cap 488) following the fulfilment of the stipulated licensing requirements. Established by a group of local investors and headquartered 2

June 23, 2017 6:32 AM Banks lay bare their loan charges as CBK and KBA launch new site

It is now possible to shop for the cheapest lender from the convenience of your smartphone or computer before applying for a loan. This follows a move by the Central Bank of Kenya (CBK) and Kenya Bankers Association (KBA) to launch a portal and android application that will disclose information on loan fees and charges by commercial banks at the click 3

June 20, 2017 1:04 PM Physical security market expected to reach USD 158.79 billion by 2022 according to new research report

According to the new market research report, "Physical Security Market, by Components (Hardware [Intrusion Detection & Prevention, Access control, Others], Software [Physical Security Information Management (PSIM), Management Analysis and Modeling Software], Service [Video Surveillance as a Service (VSaaS), Remote Management Services, Technical Support 2

June 20, 2017 9:26 AM Capital markets yet to receive notice of National Bank takeover plan

Kenya's capital markets regulator said on Tuesday that it had not received any notification about a proposed acquisition by KCB Group of a stake in National Bank of Kenya. In last week’s documents KCB had proposed taking over National Bank through a share swap, saying it would initially take over 70 percent of its shares, before announcing its offer 5

June 17, 2017 9:12 PM How drama, punches and laws marked MPs’ tenure

They fought, tore each other’s clothes and even stripped naked. They also passed many laws and, according to Majority Leader Aden Duale, the tally is now at 180 Acts of Parliament. hey also fought the Senate. But now, the curtains have come down on the National Assembly and MPs have to go back to the campaign trail to seek another term. Their term officially 16

June 16, 2017 11:45 AM Uganda: dfcu Bank Sells Crane Bank Rwanda to Kenya's CBA

Kampala — dfcu Bank has shed the Crane Bank Rwanda assets and liabilities off its books, choosing to focus on the Ugandan market. On Thursday, CBA Group issued a statement confirming that had been a rumour for over a month that it was acquiring Crane Bank Rwanda. "Commercial Bank of Africa Limited (CBA) is pleased to announce that it has signed a definitive 4

June 10, 2017 11:14 PM How Uhuru Kenyatta dinner raised millions in two hours

President Uhuru Kenyatta has asked campaign donors not to hedge their bets by funding him and his political rivals ahead of this year's General Election. This came as indications emerged that at least Sh1 billion was collected in less than two hours in an exclusive dinner attended by President Kenyatta and his Deputy William Ruto on Friday night. The invite-only 4

June 6, 2017 8:03 PM Trump takes sides in Arab rift, suggests support for isolation of Qatar

WASHINGTON U.S. President Donald Trump took sides in a deep rift in the Arab world on Tuesday, praising Middle East countries' actions against American ally Qatar over Islamist militants even though the tiny Gulf state hosts the largest U.S. air base in the region. Trump wrote on Twitter that his recent trip to the Middle East was "already paying off" and cast an anti-Islamist 4

June 5, 2017 5:15 PM Equity Bank changes tack in growth plan

Equity Bank plans to optimise a diversified revenue strategy as it shifts its focus to non-funded earnings to boost performance. The bank’s non-funded income in quarter one of this year grew by 21 per cent from Sh5.2 billion to Sh6.3 billion, reducing the effects of reduced interest income on total income. The net effect of this resulted in only a three 31