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Stima Sacco pays out Sh2.3bn in dividends
Stima Sacco shareholders will benefit from a Sh2.3 billion payout in dividends and interests on deposits following improved performance of the society in 2019
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Banks to seek CBK approval for Corona loans
The Central Bank of Kenya (CBK) will control lending to businesses and homes from its Sh41.3 billion cash reserves to ensure the loans are only offered to borrowers affected by the impact of the coronavirus pandemic.
CBK has told banks they will have to submit a list including borrowers’ names, economic sector, amounts and the reasons for borrowing ahead of accessing additional reserves generated from reduced cash holdings requirements for banks.