Equity Bank lowers lending rates to 13 percent

Equity Bank has lowered the interest rate charged on loans to a maximum of 13 percent p. a with effect from Wednesday, 1 August 2018. This is in compliance with the Central Bank of Kenya guidelinesĀ to reflect the new Central Bank Rate (CBR) of 9 percent. This move comes a few days after CBK announced […]

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Sh.960 Billion Transacted Through Mobile Money In The First Quarter Of 2018

Kenyans transacted over Sh 960 billion through mobile money in the first three months of this of this year. According to data from the Central Bank of Kenya, a total of Sh 322 .9 billion was transacted via mobile money in the month of January, Sh 300.8 billion in February and Sh 337.1 billion in […]

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Kenyans abroad are the biggest senders of mobile to mobile remittances

Kenyans in the diaspora are the biggest senders of digital remittances to mobile accounts. This is according to new data released by WorldRemit to mark the 10th anniversary of ground-breaking mobile money service M-PESA. The data shows that transfers to mobile money accounts make up 93% of WorldRemit transactions to Kenya now – showing that […]

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