The inclusion of CBR in the formula for determining cost of loans, however, left CBK hamstrung, blunting its ability to alter cost of loans without hurting the wider economy through change in the price of credit.
Moses Ikiara, KenInvest managing director, said the agency held “positive discussions” with Interior Secretary Fred Matiang’i with a view to developing a framework to ensure the vetting is watertight and free from abuse.
First established in 2012, SEFA is anchored in a commitment of $121 million by the Governments of Denmark, United States, United Kingdom, Italy, Norway and Spain
The new law repealed the Local Authorities Provident Fund (Lapfund) and the Laptrust (Umbrella) Retirement Fund Trust Deed and Rules registered under the Retirements Benefits Act, to pave way for the new scheme, CGRS.
As the global market becomes increasingly complex, with trade protectionism threatening the free trade system, China is seeking to widen market access to the rest of the world to realise the potential of its economy and support the multilateral trade syst
Access Bank with assets worth Sh1.17 trillion, has a presence in Gambia, Sierra Leone, Ghana, Congo, Zambia, China and the UK.