Author: Korir Issa

High Court judge Mugure Thande issued interim orders Thursday suspending the reintroduction of a bank to M-PESA charges pending the outcome of a lawsuit filed by Nairobi resident Mr Moses Wafula. In his petition, Mr Wafula says M-PESA Paybill Services are outsourced. It is described as a bipartite (two-party) business engagement. “If the Banks continue riding on this M-Pesa pay bill infrastructure and the courts ultimately find the M-Pesa pay bill platform to be in contravention of the constitution, the impact will be higher; more funds from the public would have been lost and it may be a lot more difficult…

The reopened FXD1/2020/005 (2.4 years) and FXD1/2022/015 (14.3 years) January bonds raised Ksh 31.5 billion against a target of Ksh 50.00 billion for budgetary support. The papers, whose sale period ended on January 10, 2023, carried coupons of 11.667% and 13.942%, respectively. https://twitter.com/CBKKenya/status/1613154406383362048?s=20&t=3kbabJjzmTSyl3iHlcP7CQ The auction comes on the heels of an IFB1/2022/006 tap sale conducted from December 14, 2022, to December 22, 2022. From the Ksh 20.0 billion on offer, the government received bids worth Ksh 10.815 billion and accepted Ksh 10.812 billion. The tap sale came after the 1st December 2022 switch auction, which sought to raise Ksh 87.8…

After Equity Group Holdings, KCB Group becomes the second Kenyan banking group to enter the DRC banking market.

Hustler Fund works by providing a digital platform where people can find the best deals on financial products; and by developing a series of digital tools and resources to help people understand and manage their finances better.

VIFAA ensures that farmers get important data on vital agricultural inputs, including fertiliser, seeds, irrigation, and crop protection products.

On a year-to-date basis, the shilling has depreciated by 7.6% against the dollar. This is higher than the 3.6% depreciation recorded in 2021.