Absa Head Quarters, Waiyaki Way. [Wilberforce Okwiri, Standard] Absa Bank Kenya has unveiled an enhanced home loan solution, offering 110 per cent financing to help Kenyans climb the property ladder. The new facility is available at competitive interest rates, with a repayment period of up to 25 years. The financing is available for both direct purchase and remortgaging. It is open to salaried individuals, small and medium enterprises (SME) owners, and Kenyans in the diaspora. By covering not only the cost of the property but also associated fees such as stamp duty, legal fees and valuation charges, Absa says this…
Author: By Esther Dianah
Absa Head Quarters, Waiyaki Way. [Wilberforce Okwiri, Standard] Absa Bank Kenya has unveiled an enhanced home loan solution, offering 110 per cent financing to help Kenyans climb the property ladder. The new facility is available at competitive interest rates, with a repayment period of up to 25 years. The financing is available for both direct purchase and remortgaging. It is open to salaried individuals, small and medium enterprises (SME) owners, and Kenyans in the diaspora. By covering not only the cost of the property but also associated fees such as stamp duty, legal fees and valuation charges, Absa says this…
CBK Governor Dr. Kamau Thugge before the National Assembly’s Committee on Finance and National Planning in regards to the implementation of Central Bank Rate (CBR) at Bunge Towers, Parliament, Nairobi. March 25th, 2025 [Elvis Ogina, Standard] The Central Bank of Kenya has said it will lift the moratorium on licensing of new commercial banks on July 1, 2025, which may see more lenders enter the market. The moratorium, which has been in place from November 17, 2015, was imposed against a backdrop of governance, risk management, and operational challenges in the banking sector. The lifting of the moratorium paves way…
Absa Head Quarters, Waiyaki Way. [Wilberforce Okwiri, Standard] Absa Bank Kenya has unveiled an enhanced home loan solution, offering 110 per cent financing to help Kenyans climb the property ladder. The new facility is available at competitive interest rates, with a repayment period of up to 25 years. The financing is available for both direct purchase and remortgaging. It is open to salaried individuals, small and medium enterprises (SME) owners, and Kenyans in the diaspora. By covering not only the cost of the property but also associated fees such as stamp duty, legal fees and valuation charges, Absa says this…
From left: Prudential Kenya’s Agency Manager Emma Kaara, Agency Development Executive Jane Tutu, CEO Gwen Kinisu, and Commercial Strategy and Operations Africa Achumile Majija at the recent opening of the company’s newest branch in Nairobi. [Edward Kiplimo, Standard] In a bid to address youth unemployment in the country, Prudential Assurance has announced plans to recruit and train more than 5,000 sales agents across Kenya over the next five years. Besides boosting its agent network from the current 1,000 to 5,000, the firm said, this will create more jobs for Kenyan youths. While launching its newest branch in Nairobi, following the…
Ministry of investment, Trade and Industry Cabinet Secretary Lee Kinyanjui with Principal Secretary in the State Department for Industry Juma Mukhwana during the Development of National Cotton,Textile and Apparel ,Policy Media Breakfast meeting on April 15,2025. [Benard Orwongo,Standard] Kenya cannot have a thriving textile Industry and at the same time remain a favourite export destination for second hand clothes, Trade Cabinet Secretary Lee Kinyanjui. According to the CS, there is need for political good will to revive Kenya’s textile industry. He said the global trade realignment caused by Trump’s new tariffs on countries around the world is an opportunity for Kenya to look inwards to promote local manufacturing and enhance value…
A section of the Nairobi Expressway. [File, Standard] A nonprofit dedicated to empowering new cities with better governance to lift tens of millions of people out of poverty, The Charter Cities Institute (CCI) will host a summit featuring a pitch competition. Dubbed Cities Catapult for urban development, the forum is aimed at accelerating the development of new cities. The New Cities Summit 2025 to be held in June will showcase pioneering urban development projects and connect developers with top financiers, policymakers, and experts for strategic guidance and potential investment avenues. Hosted in partnership with the Africa Infrastructure Development Association (AfIDA), the…
A section of the Nairobi Expressway. [File, Standard] A nonprofit dedicated to empowering new cities with better governance to lift tens of millions of people out of poverty, The Charter Cities Institute (CCI) will host a summit featuring a pitch competition. Dubbed Cities Catapult for urban development, the forum is aimed at accelerating the development of new cities. The New Cities Summit 2025 to be held in June will showcase pioneering urban development projects and connect developers with top financiers, policymakers, and experts for strategic guidance and potential investment avenues. Hosted in partnership with the Africa Infrastructure Development Association (AfIDA), the…
A section of the Nairobi Expressway. [File, Standard] A nonprofit dedicated to empowering new cities with better governance to lift tens of millions of people out of poverty, The Charter Cities Institute (CCI) will host a summit featuring a pitch competition. Dubbed Cities Catapult for urban development, the forum is aimed at accelerating the development of new cities. The New Cities Summit 2025 to be held in June will showcase pioneering urban development projects and connect developers with top financiers, policymakers, and experts for strategic guidance and potential investment avenues. Hosted in partnership with the Africa Infrastructure Development Association (AfIDA), the…
Lufthansa Group station Manager,NBO and SEZ secretary General ,AOC Kenya IFQP Certified Inspector Adwale Sanni overall winner of the Aviation Business Excellence awards. [David Gichuru/Standard] The Kenya Airports Authority (KAA) last Friday hosted the fourth edition of the Aviation Business Excellence Awards (ABEA) Gala, bringing together over 350 industry stakeholders to celebrate excellence in aviation and related sectors. The programme evaluates airport stakeholders using a rigorous business assessment tool, focusing on key themes such as customer focus, leadership, marketing, sustainability, and people focus. Speaking at the gala event, KAA Chairman Caleb Kositany noted that the authority has undertaken initiatives such…
National Treasury CS John Mbadi (centre), Principal Secretary Chris Kiptoo (left) and Institute Of Public Finance CEO James Muraguri during the 2025 medium-term debt management strategy in Nairobi, on March 26, 2025. [Wilberforce Okwiri, Standard] Kenyan businesses face significant challenges in accessing credit due to high lending rates, a situation that could further be exacerbated by the government’s growing appetite for borrowing locally. This is as the National Treasury plans to crank up borrowing from local banks in the coming years, crowding out the private sector. Treasury Cabinet Secretary John Mbadi said the government has planned to increase credit supply…