Twelve banks have said they are ready for their customers to sign up on PesaLink, a new mobile banking platform that allows users to transfer nearly Sh1 million in a single transaction.
Kenya’s President Uhuru Kenyatta on Saturday announced that French Automaker of Peugeot had signed a contract to start assembling two car models in Kenya by June 2017.
The International Monetary Fund (IMF) has warned that the banking interest rate controls of last September could cut economic growth by up to two per cent in two years.
Kenya's central bank maintained its Central Bank Rate (CBR) at 10.0 percent to anchor inflation expectations, saying inflation was expected to remain within its target range in the short term but there are "increased uncertainties with regard to the prevailing drought conditions and risks in the global markets.
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