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Meet The Kenyan CEO Who Earns 1 Million Per Day  Photo/courtesy Did you realize that in Kenya,there is a CEO who consistently gets back home from Work every day realizing that he has earned 1 million Kenyan shillings. Indeed, in this article am going to give you more insights about this most extravagant Man who really acquires more than our key heads in the nation .  ALSO READ INTERNET ERUPTS OVER COTU SECRETARY GENERAL FRANCIS ATWOLI'S DANCING VIDEO Gideon Muriuki is the man the Chief Executive Officer (CEO) at the Cooperative Bank. Gideon is likewise the gatherings overseeing chief who claims more than 37 million offers at the Cooperative Bank. His yearly compensation is roughly 376million. While the month to month pay is 31.7 million. Further determined, would imply that he acquires 1million each and every day   Gideon was named as the overseeing chief of co-operative bank in the year 2001. Since he started his job, he managed the organization's turnarou...

Photo/courtesy Banks to pay a KSh2 Million Fine for each Kenyan Denied Loan In regard to their CRB Information CRB Latest News: Kenyan banks, microfinance institutions and saccos can pay up to Sh. 2 million for each borrower they deny a loan due to CRB listing. this is often consistent with new regulation by the National Treasury. According to a report that appeared within the Business Daily on Monday, the National Treasury has introduced the fine during a set of regulations that are aimed toward cleaning up the CRBs blacklist and enhancing borrowers’ chances of having the ability to borrow more . “Lenders can only reject a Credit application because of other factors beyond credit scores earned via CRB listing. they're going to be expected to tell borrowers by writing about the explanations behind the rejection of their application ,” says the report. It also quotes the National Treasury cabinet secretary Ukur Yatani as saying within the new CRB regulations” “An inst...

photo credits, Citizen TV Kenya Receives Its Biggest Loan Ever, Kenyans React,  Kenya is set to receive a whopping 107 Billion shillings from the World Bank, in an effort to strengthen its budget.  The treasury CS Ukur Yatani confirmed the approval of the huge credit, citing it's mainly meant for budgetary support. This debt breaks the record as the highest amount of loan ever received from the World Bank. Last year, the same organization made a disbursement of 80 Billion to the national treasury to aid in government expenditures. In line with the CS, "The fact that WB does not provide budget support to countries with weak Macro framework is a testimony of the confidence levels of the bank in our new policy reforms". He tweeted. However, the approval of this loan broke the internet, with the majority of Kenyans opposing its disbursement. According to them, they're being subjected to a debt they're not benefiting from the loan in any way. Below are some of the neti...

Kenya has shunned the opportunity to delay debt repayments through the end of the year, as a measure to cushion against the effects of the Coronavirus pandemic. This follows an initiative by the group of 20 major economies in the world (G20) to help lesser-developed countries mitigate the pandemic. Treasury Cabinet Secretary Ukur Yatani in an interview with Reuters on Friday, May 15, argued that the debt relief may negatively impact the country's credit rating. Cabinet Secretary for Treasury Ukur Yatani speaking during the Child Protection Conference in Nairobi on August 2, 2019. Citizen Digital G20 in April 2020 agreed to temporarily waive loan repayments by lesser economies, with an aim of freeing up over Ksh 2 trillion that would be channelled towards the fight against Covid-19. Yatani asserted that the deal limited access to international capital markets for the period of the relief. He argued that the terms could be a stumbling block to the country...

Safaricom new CEO supervisor subsequent to getting pundits from client on his situation over Mswari credit defaulters on CRB clearance,he has propelled another strategy that will put a grin on the desolate substance of it's Mpesa clients .  This move will enable the clients to get to products and ventures at driving general stores nation wide, for example, Tuskys and Naivas and once installment is done by means of Mpesa,goods conveyance will be finished by the particular markets to clients at the solace of their inhabitants in the midst of this pandemic period.This, however,will additionally observe it's supporters get an astounding and moment 3% money discount on merchandise buy Ksh 1500 and above.Safaricom new CEO supervisor subsequent to getting pundits from client on his situation over Mswari advance defaulters on CRB clearance,he has propelled another strategy that will put a grin on the miserable substance of it's Mpesa clients.