Newspaper Articles – Kenya
Auditor-General tells MP’s to punish devolved governments and Ministries that fail to account for the money allocated to them…
Some tier 2 as well as tier 3 lenders could have a tough time staying afloat if they don’t adjust.
Buyers renegotiate terms to cushion themselves against fluctuations in the lending rates.
Commercial Banks have two weeks to comply with new interest caps even as the wording of the Central Bank to Chief Executives remains vague.
Jury still out on how rates cap will affect mobile cash.
Players in the industry foresee lenders preferring to give developers more loans as they are “less risky borrowers”.
Parliament has cut the number of units that qualify for lower taxes from 1000 units to 400 units.
Lower tier lenders to feel the pinch of new law due to thinned margins.
Foreign companies who have dominated Kenya’s building market must now share big contracts with local partners.
Banks and accounting firms have reacted sharply to the Central Bank of Kenya’s proposal to introduce three-year term limits for external auditors.