NCBA Group and Visa, a global leader in digital payments, have announced a partnership to roll out an innovative solution dubbed Visa Spend Clarity for Enterprise for commercial card clients of NCBA. Visa Spend Clarity is part of Visa Commercial Solutions’ suite of products and services for business of all sizes. Visa Spend ClarityContinue Reading
NCBA Group, a financial services conglomerate with prominent shareholders from some of Kenya’s richest families, has announced plans to increase the cost of its loans. This decision comes as borrowers face mounting challenges in servicing their credit facilities. The move follows a previous increase in interest rates by the CentralContinue Reading
In a noteworthy acknowledgment of Kenya’s global trade influence, Kenya’s Investments, Trade and Industry Minister Rebecca Miano has been invited to participate in the G7 Trade Ministers’ Summit slated for October 28th in Osaka, Japan. This distinguished conclave brings together international ministers of trade to discuss the promotion of openContinue Reading
Sahimiye Foundation has called on De La Rue, the world’s biggest printer of banknotes, to cancel a contentious $9.6 million contract to print 380 billion SL shillings for the Somaliland government. In an open letter to De La Rue, Sahamiye notes the decision to increase money supply in Somaliland willContinue Reading
The Co-operative Bank of Kenya has received a long-term 7-year funding facility amounting to USD 100 million (Kshs 13.8 Billion) from a consortium of financial institutions led by DEG for on-lending mainly to Micro, Small and Medium-sized Enterprises (MSMEs) in Kenya. The loan is a Tier II Facility that hasContinue Reading