President Uhuru assents to the bill capping lending interest rates by financial lending institutions

• The principal objective of the bill-now law, is to provide a mechanism for regulation of banks and financial institutions’ interest rate through the introduction of ceilings • The bill criminalizes the act of providing interest rates higher than those set by the law. • Before giving a loan, banks are now required to disclose […]

CBR still 10.5% and KBRR down to 8.9%

The MPC sat on Monday July 25, 2016 and maintained the CBR at 10.5%. However, the KBRR was revised to 8.90% down from 9.87% .

BOC Kenya Ltd Managing Director resigns

BOC Kenya Ltd.- Resignation of Managing Director (28th Jan 2016)