CBK introduced the measures to encourage cashless payments on mobile phones because the government said avoiding the physical use of cash would help contain the spread of the virus in the country.
Under the CBK directive, mobile phone money transaction fees under Sh1,000 are free with banks removing charges for customers moving cash between their mobile wallets and bank accounts.
In an address to the University of Nairobi community, the Vice-Chancellor, Prof. Stephen Kiama announced that he has asked the Senate to review cases of suspended students with a view of readmitting them.
“A committee, chaired by Prof. Horace Ochanda, has been set up to review the cases of the expelled students and consider reinstatement,” he announced. “We must exercise the core value of care. We need to give these students a second chance to complete their studies and graduate.”
The University of Nairobi Dental School together with the University Health Services were the beneficiaries of the much needed tools in the fight of the deadly Corona Virus Disease, COVID19, the Personal protective equipment (PPE).
The generous donations were courtesy of several donors, key among them being; Vice Chancellor, Prof. Stephen Kiama, Operating Theatre Practitioners Association of Kenya (OTPAK) among other staff members from the Department of Surgery and School of Pharmacy.
A webinar was held on Tuesday June 23, 2020 to give an update on the Desert Locust invasion in the country.
Once again, the University of Nairobi has made it to the Times Higher Education World University Rankings 2020 ranking.
UoN is ranked 801-1000, with an overall score of 22.2-28.2 and is the only University in Kenya to appear in this year’s list.
The gallant sports men and women who have brought glory to the University of Nairobi and have flown the University flag high not just in Kenya, but in Africa and across the world have been honoured today on, June 25, 2020 in an event that took place at Taifa Hall, Main Campus.
Kenya’s monetary policy committee retained the key lending rate at 7 percent during yesterday’s meeting. The team said that mitigation measures deployed since March have been having the desired outcome. The Monetary policy committee (MPC) said that leading indicators for the Kenyan economy for the second quarter suggest the impact of COVID19 on the economy was most pronounced in April, with evidence of recovery in May. READ MORE..
The Central Bank of Kenya ( CBK) has determined that the mobile wallet and transaction limits that were announced on March 16th, 2020 will remain in force.
This means that there will be no charge for mobile money transfers below KSh 1,000. There will also be no charge by payment service providers and commercial banks for transfers between mobile money wallets and bank accounts. READ MORE..
It was a pandemonium when Corona Virus disease landed in China, Europe, America and eventually in Africa. Confusion reigned supreme as virtually everything came to a standstill. All large gatherings were stopped immediately, learning institutions and churches were closed as lockdowns become the order of the day. The air of confusion was thick; you could cut it with a razor blade.
Absa Kenya has kept Sh1.2 billion worth of dividends that it was to remit to its parent company this week, with the move aimed at boosting the lender’s capital position.
South Africa-based Absa Group waived its right to part of its dividend ahead of the Nairobi Securities Exchange-listed firm’s annual general meeting on Friday last week.
