Majority of Kenyans (64%) are optimistic that 2018 will be a better year than 2017. However, there is a significant number of Kenyans (17%) who are not sure about what the year holds in store and are adopting ‘a wait and see’ attitude. Another notable number (14%) feel that this year will be worse than […]
Cryptocurrency is proving a threat to traditional banking and Bitcoin is the current talk of the town. When it came out in 2011, one bitcoin was trading at 1cent, today, it is at USD16,000 with a rising trend. I’ve been studying the phenomenon and many user experiences. I was particularly caught by the story of, […]
By Felix Onyango Kenya has made a couple of noticeable strides on the path of ease of doing business. We have to appreciate the steps made so far but still advocate for continuous spontaneous changes that will ensure our full entrepreneurship productivity and potentials. According to World Bank latest annual ratings, Kenya moved 12 places […]
On October 13, 2015 a major bank in Kenya closed its doors without notice, due to the unnecessary instructions from the Deputy Governor of the Central Bank of Kenya (CBK) by placing the bank under receivership and put in the administration of Kenya Deposit Insurance Corporation (KDIC), claiming the bank was trading inappropriately. Imperial Bank […]
Public debt has been an issue of public discourse for centuries. The debate is not about to end anytime soon. With developing countries investing much more resources in public infrastructure, education and other social amenities, public debt is expected to become even a bigger point of discussion moving forward. Just before the March 4, 2013, […]
The frontier market of Kenya isn’t often on U.S. or European investors’ radar. It should be. It offers a timely reminder of financial markets’ complacency about the risk of populism; and the attractiveness of bashing banks to win votes. East Africa’s most advanced economy has introduced a law setting a cap on commercial lending rates and a […]
As the dust settles on the implementation of new laws on loans and deposits interest rates, the focus is now shifting towards areas that may not have been addressed explicitly or sufficient in the law, that has received praises from the mwananchi and sharp criticism from economists on its long-term effect on the economy, and […]
Refer to the whistle blower report we published previously regarding the scandals at the East African Development Bank and the call to request the Director General Vivienne Yeda to step aside after 7 years of oppressive leadership at the Bank. Following the whistle Blowers dossier received by board members early June, Senior managers met with […]
A good number of people do not know Vivienne Apopo but amongst the banking fraternity, she’s one of the most powerful figures of the industry in the region. Vivienne Yeda Apopo is a Kenyan banker and business attorney. She is the current Director General of East African Development Bank(EADB). She assumed that position on 15 January 2009. She […]
By Philip Makokha It is common knowledge that Kenya is among the top countries in the world in Corruption matters. This evil that bedevils us has done us more harm than we can statistically quantify. From unemployment to under-employment, the Kenyan youth continues to harbor that elusive Kenyan dream, if ever, there was one. It […]
Things are evidently not looking up well at the troubled His Highness Aga Khan Empire, Nation Media Group has reported a 15% drop in half-year after-tax profits to Ksh 785.4 million compared to Ksh 925.2 million reported in the same period last year. The drop was largely as a result of a 7.8% drop in […]
By Philip Makokha That same day Jesus went out of the house and sat by the lake.2 such large crowds gathered around him that he got into a boat and sat in it, while all the people stood on the shore. 3 Then he told them many things in parables, saying: “A farmer went out […]
Finally, after bustles and tussles around the matter with the Bankers pleading with the President not to sign into law the Interests rates amendments, Uhuru finally inked it into law. On July 28, 2016, the National Assembly passed the Banking (Amendment) Bill, 2015. The Bill intends to regulate interest rates that are applicable to banks’ […]
