Foods and standards
Kenya Bureau of Standards (KEBS) withdrew 17 maize flour brands from the market over high aflatoxin levels; African King, Dola, Afya, Sarafina, Tosha among those affected.
The International Finance Corporation (IFC) is offering advisory services to Co-op Bank in a $1 million (Sh100 million) deal aimed at enhancing the firm’s capacity in lending to small and medium-sized enterprises.
Survey reveals the most expensive bank.
Standard Chartered Bank’s “all in one account” is the most expensive to maintain.
It charges customers Sh17,750 annually — marking a 31 percent jump in the cost that customers paid previously.
The survey lists Barclays “ultimate account” as the second most expensive to maintain at Sh14,558, followed by NIC Bank’s “move pay as you go” (Sh13,393) and Stanbic’s “smart” (Sh12,312) and “silver pay as you go” accounts (Sh11,676).
Language and business
Kenyans are the second most fluent English speakers in Africa.
The Communications Authority of Kenya (CA) has dropped Equitel from the list of mobile money services it regulates, declaring it a banking product.
In the latest quarterly report, Equitel was excluded from the telecommunications sector performance data in what resulted in a decrease in the number of mobile money subscriptions.
“The Authority in the July-September 2019 statistics has revised its data on mobile money services, with the exclusion of data on Equitel Money, which is a mobile banking service as opposed to a mobile wallet service offered by telecommunications service providers,” CA said in the report.
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