NCBA plans to roll out the app to other regional markets, including Rwanda and Côte d’Ivoire. The financial services sector has in recent years witnessed a growing preference for mobile money wallets, complemented by agency banking. During the full year, ended last December, NCBA...
Other loan products including the recently introduced Hustler loans are also seen as rivalling Fuliza prompting the platform to have lower introductory ticket prices to outmuscle the competition. “Other payment options like the free bank to M-Pesa transfers could have led to a lower F...
The lender was entangled in a legal fight with Kipsigis Stores over a loan, which was secured using the lorries. According to the tribunal, the judge’s action of not giving reasons after ordering a status quo made the bank lose the money. The judge said he did not sanction the sale...
Chandaria loses firm to NCBA over Sh4bn debt Jun 21, 2021 -4 min read The transaction has been structured in a way that will see Mr Sachen pocket some of the money while other amounts will be used to settle the NCBA loan and further expand the manufacturing facilities...