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Central bank and commercial lenders clash over review of lending formulae

1 day ago | the-star.co.ke | Jacktone Lawi

Kamau Thugge, governor of the Central Bank of Kenya. This is premium contentSubscribe to Continue ReadingHelp us continue bringing you unbiased news, in-depth investigations, and diverse perspectives. Your subscription keeps our mission alive and empowers us to provide high-quality, trustworthy journalism. Join us today to make a difference!Already Subscribed? Sign in
Banks hit with new standards to boost green financing, cut credit costs

1 day ago | the-star.co.ke | Jacktone Lawi

Banks will be required to provide extra data on their operations and lending as the the industry moves to adopt new reporting standards. The Kenya Bankers Association and the Institute of Certified Public Accountants of Kenya (ICPAK) are pushing for the disclosures under International Financial Reporting Standards (IFRS) S1 and S2.
NYS commercialisation to cost an initial Sh4 billion amid AG approval delays

2 days ago | the-star.co.ke | Jacktone Lawi

Commercialisation of the National Youth Service will require a seed capital of Sh4 billion, according to the Deputy Head of Public Service Amos Gathecha. The Public Service and Human Capital Development said it has already formed a commercial entity to review and align NYS services to the market needs. Help us continue bringing you unbiased news, in-depth investigations, and diverse perspectives.
Nairobi begins piloting fixed fares and scheduled buses

2 days ago | the-star.co.ke | Jacktone Lawi

Commuters in Nairobi have started experiencing a test run of scheduled buses and fixed fares under the phase one of Bus Rapid Transit trials, similar to major European cities. Under the plan currently in its pilot phase, Matatu’s are not having to wait until they are full to depart for their destination. Nairobi Metropolitan Area Transport Authority says that the initiative begun with the launch of the Route 111 pilot project that will mark a turning point for daily commuters.
Pope Francis's funeral scheduled for April 26

3 days ago | the-star.co.ke | Purity Wangui

Pope Francis/FILEThe Vatican has just announced the Pope's funeral will take place on Saturday, April 26 at 10:00 local time (09:00 BST). MOre to follow...
Kenya’s jobless could receive monthly cash, food and care

3 days ago | the-star.co.ke | Jacktone Lawi

NationalAssemblyMajorityLeader KimaniIchung’wah/FILEThe government will be mandated to provide food and home-based care and give a monthly stipend to Kenyans who have lost jobs due to shocks if new proposals to change the law sail through. These are among the recommendations by the State Department for Social Protection and Senior Citizen Affairs to widen the country’s safety net program.
Pope Francis' funeral scheduled for April 26

4 days ago | the-star.co.ke | Purity Wangui

Pope Francis/FILEThe Vatican has announced the Pope's funeral will take place on Saturday, April 26 at 10:00 local time (09:00 BST). Pope Francis will be taken to St Peter's Basilica on Wednesday morning at 09:00 local time (08:00 BST). The Pope's coffin will be there until the burial for the public to pay their respects. His body is currently laid out in a coffin in the chapel of the Santa Marta residence, where he lived during his 12-year papacy.
Anti-Counterfeit Authority CEO: How I was once duped into buying fake shoes

4 days ago | the-star.co.ke | Jacktone Lawi

For many Kenyans, if you told them you bought an item at one of the leading cities in the world, they would fold their hands and wait for you to tell them how quality the product is. But is that really the case? Wrong. This as Kenyas own anti-counterfeit boss experienced firsthand. Imagine buying a shoe in Europe and it comes to peel off in Africa while wearing them. Help us continue bringing you unbiased news, in-depth investigations, and diverse perspectives.
Looming showdown as Matiang’i jets back, to declare presidential bid

5 days ago | the-star.co.ke | Julius Otieno

A political showdown is looming after former powerful Cabinet secretary Fred Matiang’i returned to the country from the USA, amid plans to announce his presidential bid, which could complicate matters for the key political formations. The former powerful minister landed at JKIA minutes before midnight on Thursday to a low-key reception by Jubilee secretary general Jeremiah Kioni, Kisii Senator Richard Onyonka, and his nominated colleague Gloria Orwoba.
Four Mombasa football fans feared dead as septic tank caves in

5 days ago | the-star.co.ke | Brian Otieno

In SummaryThe four are said to have remained in a video café as others left when the electricity went off. The video café, made of iron sheets, is said to have been built on top of a more than 40-year-old septic tank. About four people are feared dead after an old septic tank caved in as they waited to watch an English Premier League match. The four are said to have remained in a video café as others left when the electricity went off.