Economics

EFFECTIVENESS OF THE SACCO SOCIETIES’ FRAUD INVESTIGATION UNIT (SSFIU)

Over the years, the business model adopted by savings and credit cooperative societies (SACCOs) in Kenya has placed members’ contributions in a precarious position. In 2019, the Ministry of Trade (Currently the overall supervision of SACCOs in Kenya is under the Ministry of Agriculture, Livestock, Fisheries and Cooperatives) conducted an inspection which brought to light …

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The Buzz on the Nairobi International Financial Centre Agenda

Recently the Kenyan Government began a drive to transform Nairobi County into a regional and potentially continental financial hub. This would mean that the city would be at par status with notable hubs such as London, Hong Kong, Dubai and New York. Although this initiative is ambitious and achievable, the journey to transform the city …

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HAVE MICROFINANCE INSTITUTIONS IN KENYA LOST THEIR NICHE?

The origins of microfinance in Kenya dates back to the 1960s when microfinancing was a pilot initiative for non-governmental organizations (NGOs) operating in Kenya. These organizations through donor funding, offered credit services to local communities in order to support businesses and improve the overall economic and social wellbeing of beneficiaries. Overtime the concept of microfinance …

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THE IMPACT OF HIGH PUBLIC DEBT ON INSURANCE INDUSTRY INVESTMENT STRATEGY

Public debt can be defined as the total sum of money owed by the national government to its creditors. Public debt is either domestic, external (foreign) or guaranteed. Domestic and external debt refers to financing obtained locally and internationally respectively while guaranteed debt is security offered by the Government to lenders should a counterparty default …

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