Articles Posted in the " News " Category

  • Central Bank licenses Kenya’s 13th nationwide MF bank

    The Central Bank of Kenya has licensed Maisha Microfinance Bank Ltd as the thirteenth micro-finance institution in the country. In a recent press release, the regulator affirmed that it had granted a licence to Maisha Microfinance Bank Ltd, to be referred to as Maisha MFB which was duly licensed to carry out nationwide microfinance banking […]

  • Financial institutions now flourish across Kenya

    In the wake of the Microfinance Act, introduced in parliament during 2006 prior to its enactment in 2008, micro-lending services have spurred notable growth, more so, in the small-scale enterprises sector. Soon after the Donde Bill initiated debate on the microfinance regulations, the industry’s key players engaged in deliberations with the government. The principal purpose […]

  • Investment clubs: a source of wealth creation

    Investment groups and clubs, commonly known in colloquial parlance as chamas are now a popular source of generating wealth. Their basic objective is to set up self-help groups that comprise members who pool resources to form entities bound by a social and commercial agenda. Over the past decades, chamas have been transformed into a wealth […]

  • Redefining Chama’s role in economic reforms

    Individuals at any level of income can create wealth by saving and investing together as a group. There is a special dynamic within the structure – a combination of peer pressure, strength, confidence, and shared responsibility as an aggregator of capital and creator of wealth. Looking back at independence, Kenya was seen to be at […]

  • Governor Njoroge: CBK had no role in NYS scandal

    By Moses Michira Central Bank of Kenya has distanced itself from the National Youth Service scandal, where an estimated Sh1.8 billion was stolen. Governor Patrick Njoroge said CBK only acted as a banker to the Government where it fulfilled its obligation to settle payment requests from ministries and departments. Suspect payments were made from bank […]