CBK Licenses 19 New Digital Lenders in Kenya

The number of Digital Lenders in Kenya has risen to 51 after Central Bank of Kenya (CBK) licensed 19 more firms to offer to offer digital credit services in Kenya. This would intensify competition in already flooded but lucrative industry market. In


Insights of The Finance Budget 2023/24.

The Finance Budget or Financial budgeting is the process of planning expenses and revenues for a given period of time. On 15th June 2023, Treasury Cabinet Secretary Prof. Njuguna Ndung’u, a former Central Bank Governor, tabled Kenya Kwanza’s first Finance Budget in


Proposed Finance Bill 2023 In A Stalemate.

Azimio la Umoja leader Raila Odinga has taken the Kenya Kwanza government head-on, strongly opposing its proposed Finance Bill 2023, terming it as a mere punishment for Kenyans. While speaking at Jaramogi Oginga Odinga Foundation in Upper Hill, the opposition chief fumed


Fuliza Ya Biashara; Safaricom Launches A New Product

Safaricom has launched a new product in the market, Fuliza ya Biashara, an overdraft facility for businesses. The new overdraft facility will allow companies to borrow up to Ksh. 400,000. In 2019, Safaricom introduced Fuliza; an overdraft mobile money. The product was