The shilling traded at an average of 101.50 to the dollar on Thursday, a major fall from 101.30 on Tuesday. The Central Bank of Kenya placed the currency at 101.46 against the dollar, a decline from Thursday's position of 101.30. Commercial banks in the East African nation quoted the curren...
-- Chief executives of publicly traded banks are paid nearly 50 times what the median bank employers earn, offering insight to the extent of wage inequality in Kenya's private sector. (Business Daily) Enditem
In East African countries including Kenya, Uganda and Tanzania, mobile money is already the currency of choice, with leading banks in those markets partnering with mobile money operators to issue loans and other digital financial offerings to consumers. According to IBS Intelligence analyses, neobanks...
** Sri Lanka is studying the accusations against Adani Group and will consider all aspects of its projects in the island nation. The government is taking the concerns seriously but has made no final decision yet. ** Kenya has canceled a procurement process of more than...
domination by Big–Big banks, Big corporations, Big political parties, Big government agencies; addiction to financialized economic “growth” no matter what the consequences for people and nature; perpetual conflict among people and nations; and so forth. In other words, it’s a comedy! (OK,...
THE EFFECT OF DERIVATIVE FINANCIAL INSTRUMENTS ON BANK RISKS, RELEVANCE AND FAITHFUL REPRESENTATION: EVIDENCE FROM BANKS IN HUNGARY In a continuously changing business environment accounting data have to provide useful information in order to achieve relevant and faithful representation... K Tóth - 《An...
Lynchings in modern Kenya and inequitable access to basic resources: A major human rights scandal and one contributing cause By reference to mostly Kenyan media data on a sample of roughly 1,500 persons re-ported lynched from August 1996 through August 2013, modern Kenyan lynchin......
-- Small businesses and individuals with good borrowing history can now obtain their credit scores and use them to negotiate better loan terms with banks if Parliament repeals the interest capping law, according to Kenya's largest credit reference bureau. (Business Daily) ...
The removal of the cap would mean banks get back the powers to decide the rate at which they charge customers, which could be as high as 28 percent as it was initially. Presently, interest rates are capped at 4 percent above the central bank benchmark rate that stands at 10 percent. (...
What is the role of the Central Bank of Kenya in regulating money markets? Describe the monetary policy tools the Federal Reserve uses to stabilize the economy and maintain price stability. What is central banking? What is the most important function of the Federal Reserve? What are ...