Banks in Kenya have embraced M-Pesa across the board to provide their customers with fast, easy and convenient access to their money. Safaricom Lipa Na M-PESA PayBill is a cash…
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Following the receivership of Chase Bank Kenya over financial trouble, the Central Bank of Kenya (CBK) has announced that the bank will reopen on April 27 under the Kenya Commercial Bank’s…
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Seventeen (17) financial institutions are currently under liquidation in Kenya. Liquidation is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations as and…
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3 banks have been put under receivership over the last 2 years. It’s safe to say that banking in Kenya has become a high risk venture. How then can you…
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According to PWC, a Receivership is a remedy available to secured creditors to recover amounts outstanding under a secured loan in the event the company defaults on its loan payments.…
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Patrick Kagunya is the Director Financial Advisory at Getworks and Chief Executive Officer at Wescotts Financial Consultants. He offers some insight on how to tell if your bank is in…
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Banking and finance apps are one of the most sought after pieces of innovation in Kenya aiming to serve millions of citizens who are banked with a possibility of luring…