Next MPC Meeting Date Announced

Next MPC Meeting Date Announced

Mwabaya Katana     July 07, 2020   No comments

Cbk Governor Dr Patrick Njoroge 

The Monetary Policy Committee (MPC) will meet on July 29th,2020 the Central Bank of Kenya (CBK)  has announced.

MPC which met last on 25th June is the is the policy making and evaluating wing of the CBK led by Dr Patrick Njoroge.

During the last meeting, MPC met under high economic pressures as presented by the prevailing COVID-19 pandemic. At the same meeting, MPC resolved to keep the Central Bank Rate (CBR) at 7 per cent the same CBR previously in place.

CBK noted that the emergency measures taken in March were giving the intended effect, therefore the measures were kept in place too.

Banks were advised to restructure loans as requested by customers to cushion them against the negative impact as caused by the Coronavirus pandemic.

Finally Revealed! Why Your KCBMPESA Loan Limit is Zero

Finally Revealed! Why Your KCBMPESA Loan Limit is Zero

Mwabaya Katana     July 07, 2020   No comments

Have you ever wondered why your KCBMpesa loan limit is zero? Don't be wondering anymore.

There are some particular reasons as to why such a limit is given to you and I will share the reasons here.

First, KCBMpesa is a loan and savings service provided by Kenya Commercial Bank (KCB) through Safaricom's Mpesa mobile money service.

Before one can get a loan from KCBMPESA, he or she must be a Safaricom subscriber with a registered Mpesa account.

The system doesn't it's own evaluations before coming up with a loan limit for each M-Pesa user. Here are now the reasons why the loan limit you will be awarded will be zero;

1. If your Safaricom number is less than six months old. 
2. If your don't frequently use Mpesa to send or receive cash
3. If you're blacklisted by the CRB
4. If you don't save or withdraw frequently from your KCBMPESA account 
5. If you have an existing active loan with KCBMPESA. 

This is why Kenyans are leaving Safaricom

This is why Kenyans are leaving Safaricom

Mwabaya Katana     July 06, 2020   No comments

Safaricom is still the biggest telco in Kenya compared to other telecommunication companies including Airtel and Telkom.

However, according to a recent report by the Communication Authority of Kenya (CAK) the telcos regulator,  Safaricom voice market share dropped 2 points from 67.1 percent to 65.7 percent.

This drop was as a result of some customers opting to use Airtel network to make calls and for longer duration at an average of 4.0 minutes on-net. For this reason Airtel voice market share increased by 1.7 percent to 30.9 percent.

It is clear that Airtel and Telkom are changing much less when it comes to voice calls  and its exactly what is making Kenyans migrate from Safaricom.

Safaricom however is still the better option when we try to consider other services including Mpesa and stable internet network.

Standard Chartered Bank shares new Amazing Offer.

Standard Chartered Bank shares new Amazing Offer.

Mwabaya Katana     July 06, 2020   No comments

Standard Chartered Bank has announced offering a very amazing offer suitable especially during this COVID-19 pandemic.

The bank has offered 45 days of free Showmax movie streaming to any individual who will open and fund a bank account through the SC mobile app or anyone who will invite a friend to open and fund a bank account through the SC mobile app.

Last month, the lender was giving ksh 500 to anyone who opened and funded a bank account through the app or anyone who invited friends to open and fund a bank account through SC mobile app.