Interview with Jared Getenga,Chief Executive Officer Credit Information Sharing Association of Kenya
Credit Information Sharing (CIS) is a process where credit providers (such as banks, microfinance institutions, saccos, etc.) exchange information on their outstanding loans and advances through licensed Credit Reference Bureaus (CRBs). The CRBs are licensed by the Central Bank of Kenya. Through CIS, a lenders accesses reports from the CRB which informs them about the repayment patterns of a borrower. In other markets, CIS is also referred to as Credit Referencing or Credit Reporting, among other terms. In Kenya, as per the Credit Reference Bureau Regulations 2013, commercial and microfinance banks are mandated to share information on their entire loan books, meaning both up to date and late (overdue) repayment details of a borrower are shared. This data is submitted electronically on a monthly basis to the CRBs.
CMA Licenses Derivatives Trading Members
NSE launched Derivatives market in July 2019
Kenya's Central Bank Introduces Mobile based bonds
roll out of CBK-TMD designed to facilitate investment in government securities
Interview with Wycliffe Shamiah, acting CMA CEO
Mr. Shamiah took over the mantle from Mr. Paul Muthaura on 1st Jan 2020
Barclays Launches Kenya's First Vertical Card as Transition to ABSA gains pace
Kenya's first vertical card launched by Barclays
Kenya’s Acorn Green Bond Starts Trading at LSE
This development comes days after the bond, worth KSh4.3 billion, started trading at the Nairobi Securities Exchange (NSE).
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