Tuesday, February 15, 2005

Banking briefs

The African Development Bank will fund construction of a road linking Mombasa to Addis Ababa as a cost of $55 million…Bank of India marks 50 years of banking in Kenya this month with the opening of a Westlands Branch …Imperial Bank has introduced VISA credit cards for its customers…Consolidated Bank of Kenya has introduced ATM services, under the Kenswitch consortium, as well as e-cell banking (via mobile phones)…a bank known as Osienala Beach Bank (friends of the lake) has been opened by an NGO to enable 5,000 fishermen along Lake Victoria to bank their savings... Fishermen at the Kenyan coast are now eligible to receive loans from the Agriculture Finance Corporation (AFC)…Stanbic employees handed out flowers and choclate to their customers to mark Valentine’s Day…and the National Housing Corporation will sell 850 housing units to recover Kshs. 1 .3 billion owed to it by the Nairobi City Council.

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