Kenyan Members of Parliament have begun reviewing a petition that seeks to restrict loan interest so that it never exceeds the original amount borrowed. The move comes as concerns grow …
Eastern AfricaEconomyFinanceLaw
Tag:
Saccos
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BankingFinance & ServicesGovernanceKenyaRegional CooperationRegulation
CBK to Launch Deposit Guarantee Fund to Protect SACCO Depositors
The Central Bank of Kenya (CBK) has announced plans to set up a Deposit Guarantee Fund (DPF) worth KSh180 million to protect members of Savings and Credit Cooperative Societies (SACCOs) …
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AfricaAFRICA NEWSBusiness PoliciesEconomyFinance & ServicesGOVERNMENTPoliciesUGANDA
Govt Warns Money Lenders Over High Interest Rates, Illegal Practices
Kampala, Uganda — The Government of Uganda has sounded a strong warning to money lenders operating illegally and charging exorbitant interest rates, saying such exploitative behaviour is worsening poverty and …
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AfricaBusinessDevelopmentDigital EconomyEconomyFinance & ServicesKenyaKenya News
Co-op Bank Partners With 619 Saccos To Expand Banking Services In Kenya
Co-operative Bank of Kenya has entered into a major partnership with 619 Savings and Credit Cooperative Societies (Saccos) across the country to improve how members access banking services. The new …