Banks set tough loan repayment deferment conditions for borrowers

ABSA Bank, Kenya.

Borrowers have been met by a rude shock after lending institutions set tough conditions for one to access deferment on loan repayment. To get the repayment reprieve during these tough economic times (occasioned by the Covid-19 pandemic), some lending institutions have asked borrowers seeking to defer repayment of their loans to provide letters from employers […]

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Central Bank of Kenya issues guidelines on how old notes are to be exchanged

The Central Bank of Kenya, CBK, has today issued guidelines on how the old notes are to be withdrawn from circulation; ahead of the October deadline. Get details in the presser below; ‘Further to the issuance and launch of the New Generation banknotes CBK is pleased to advise that the new banknotes are already circulating

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new pension scheme to be set up by President Ruto’s Government

GOVERNMENT TO ROLL OUT NATIONAL PENSIONS STRATEGY. President william Ruto has said the Government will roll out a National Pensions Strategy to cultivate a savings culture among Kenyans. The President said the new pension plan will cover every adult Kenyan, including civil servants and those in the formal sector and informal sectors. The President said

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Learn About The More Stable Coins

Stablecoins are a kind of cryptocurrency that to the U.S. dollar. You may hedge your portfolio against market volatility and other risks by purchasing dollar-indexed coins. Stablecoins, one type of cryptocurrency, have their value pegged to something else, whether a fiat currency or a cryptocurrency. Stablecoins are an effort to give an alternative to the

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Barclays Bank Codes & Branches

Barclays Bank Codes For All Branches {OFFICIAL} 03000 Barclays Bank Head Office 03001 Barclays Bank Head Office 03002 Barclays Bank Kapsabet 03003 Barclays Bank Eldoret 03004 Barclays Bank Bank Embu 03005 Barclays Bank Muranga 03006 Barclays Bank Kapenguria 03007 Barclays Bank Kericho Br.. 03008 Barclays Bank Kisii 03009 Barclays Bank Kisumu/kakamega 03010 Barclays Bank Nairobi

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Get the Hustler Fund loan from your phone easily- Simplified process

The Hustler fund loans are now available to all for applications. Get the hustler loan through your Mobile phone today. You  can get a minimum of Ksh.500 and a maximum of Ksh.50,000 at 8 per cent pro-rated basis or a daily rate of 0.002 per cent. Simplified process for hustler loan application by using your

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Treasury CS issues statement on KCB/ NBK banks merger; MPs vote against the merger.

Kenyan Bank- KCB Group Banking premise. Image/ Courtesy

The Acting National Treasury Cabinet Secrerary Amb Ukur Yatani has issued a statement on the proposed merger of the Kenya Commercial Bank ( KCB) with the National Bank of Kenya (NBK). According to Yatani, Since the Merger Process started,consultations have been ongoing with various stakeholders including Parliament. He says the Government is confident that these

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Relief for job seekers and those blacklisted for defaulting ‘petty loans’: New CBK Guidelines

It is a big reprieve for Kenyans blacklisted by the Credit Reference Bureau, CRB, for defaulting on payment of ‘petty’ loans. This is after the Central Bank of Kenya, CBK, released new CRB guidelines. Under the new blacklisting regime, one will only be blacklisted for any defaulted amounts of over Sh1,000. “A minimum threshold of

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Mwalimu, SACCOs directed to hold AGM by April This Year

Savings and Credit Cooperative Societies (SACCOs) have been directed to conduct their Annual General Meetings (AGM) before the end of April in compliance with the regulations. The Commissioner of Cooperatives David Obonyo directed Saccos’ leaders to ensure the annual meetings are held without undue delay for the current office bearers to seek fresh mandates. Speaking

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When investing in cryptocurrency, what does it mean to basically ‘Do your own research’?

The phrase ‘Do your own research is considered of great importance when you are thinking of investing in cryptocurrency. This is a thoughtful statement in the crypto market, which is being used by many traders to justify their trade for crypto, just in case, a trader loses money.  If you want to know more about

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Good news for small traders as CBK introduces the cheapest loans dubbed ‘Stawi’.

Kenyan currency, notes

In a move signaling a revolution in the financing of micro, small and medium scale enterprises (MSMEs) Central Bank of Kenya (CBK) Govemor Dr. Patrick Njoroge led five commercial banks in launching the pilot phase of a mobile loan product targeting MSMEs. The mobile-based credit scheme is set to improve access to credit for small-to-midsize

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ISSUANCE OF MOST USED DIGITAL DOLLAR MAY BE LINKED TO FRAUD

According to Robert Kiyosaki, a renowned writer on private finance, the measure established by the current president of the United States for the issuance of a digital dollar is believed to end up being a total fraud. So, one of the best means of getting Bitcoins is buying them from a renowned exchange like the Immediate

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2019 AFCON finals in Egypt- How to win goodies with Commercial Bank of Africa’s promotion

Commercial Bank of Africa Ltd (CBA) is arguably one of the largest privately owned bank in East Africa. It has branches in Tanzania, Kenya and Uganda. In the run up to this year’s African Cup of Nations, AFCON, finals in Egypt, CBA is running a promotion dubbed ‘AFCON Swipe and Win Promotion’ aimed at rewarding

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KIMUTE SACCO SOCIETY LIMITED LIST OF MEMBERS TO COLLECT THEIR MONEY

KIMUTE SACCO SOCIETY LIMITED (IN LIQUIDATION) – UNCLAIMED PAYMENTS. This is to remind the former members of KIMUTE SACCO Ltd (in Liquidation) listed below or their next of kin to visit the office of the Director of Cooperatives, Kisumu on the 8th floor, Prosperity House and sign up for their membership benefits. The exercise ends

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Kenya’s Economy Outlook; Country secures a new 2.1 Billion US Dollar Euro Bond

Kenyan currency, notes

The National Treasury and Planning Ministry of Kenya has successfully issued a 2.1 Billion US Dollar Euro Bond. This new Euro Bond was issued on Wednesday 15th May, 2019. The Sh210 billion Euro bond is the third in five years, despite rising concern over Kenya’s ability to service its debt burden. Here is the full

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How does Proof-of-Reserves maintain market stability and protect investors?

As the crypto industry grows, it’s becoming increasingly important to verify that digital assets held by cryptocurrency exchanges are safe and secure. A lot of individuals have considered proof of reserves (PoR) for trustworthy verification to resolve this particular issue. In this blog, we’ll discuss what PoR is and how it works in greater detail.

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Everything about XLM from market cap to price to prediction

The concept of crypto investment has attracted many. Investments have been flowing from across the globe, for example in Russia bitcoin is legalized in their country. The first crypto to enter the global market is Bitcoin in 2008. Bitcoin has been successful in creating a market presence on its own. The success of crypto investments

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Mobile loans lending company Tala closes its operations in Tanzania

Mobile loans lender Tala has closed its operations in Tanzania without divulging further details. In a statement on its Social media platforms, the company said it will no longer offering loans in Tanzania. Those servicing loans can continue to repay though. Also read; How to get the JumboPesa Plus Loan faster, easily and cheaply via

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Hustler’s fund loans application – Where and how to apply

Kenyans have been cautioned to be wary of communication inviting people to register for the Hustler fund on websites and mobile phones. Cooperatives and Micro, Small and Medium Enterprises CS Simon Chelugui said members of the public should disregard all forms of communications as transactions will be done on a mobile phone. “There will be

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Apply for the Kenya Youth Employment Opportunities Project (KYEOP) Funds Today

The government will in two months’ time roll out cycle-8 of issuing funds to young people, under the Kenya Youth Employment Opportunities Project (KYEOP). Trade Principal Secretary Amb. Johnson Weru has said the programme targets to benefit more than 7, 000 youth drawn across the country, who have a prove of viable investment ideas. In

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How to receive Mpesa statement through mobile ussd code *334#

How to register for the Mpesa *334# service Using M-PESA line, the customer will: Dial *334# select My Account>> Select M-PESA Statement Select Register for Email Statement>>Accept Terms and Conditions Enter your email address and verify your request using your M-PESA PIN; You will receive an SMS confirmation that your registration request has been received

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The creativity of NFTs- companies that are investing

For the first time in history, we can now own digital assets that are easy to monetize and trade. As a consequence, NFTs can be transferred and traded more easily. If you are interested in jumping on the NFT train, visit https://nft-profit.me/. That’s because when you have an NFT, you have complete control over it.

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Psychological Traps in Investing: How to Recognize and Avoid Them

Are your investment decisions influenced by psychology? Discover the hidden traps that may be sabotaging your financial success. From comfort zone bias to overconfidence, this article unveils the psychological pitfalls that investors commonly encounter. Learn how to recognize and overcome these traps to make more informed and profitable investment decisions. Navigating the psychological challenges of

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