East African Telegraph

National Bank MD lauds Treasury for move on Shariah compliant bond National Bank of Kenya has lauded a move by the Government of Kenya to tap into Shariah compliant financing instruments following the announcement of     plans to launch the first ever sukuk bond in the country. Managing Director termed the announcement a “historic feat that will further catalyze economy” saying that both the Islamic population and the nascent Islamic finance industry in Kenya would tremendously benefit from the state action.  Many investors from the Islamic faith in the country and around the world have not been able to participate in domestic borrowing efforts by Kenya’s Treasury and in such other bonds such as the Eurobond due to religious restrictions. “A sizeable portion of Kenya and the world population profess the Islam faith and this move, therefore, further deepens their participation and financial inclusion." The MD expects a spillover effect to benefit non-muslim  institutions and indivi

  Company is first in Kenya to achieve the prestigious certification     Nairobi, Kenya: February 22, 2016:  Interswitch East Africa (K) has announced that it is the first company in East Africa to attain the PCI PIN Security Certification. This is another first for Interswitch in East Africa, which became the first company to be certified with the prestigious PCI DSS (Payment Card Industry Data Security Standard) Certification in 2014, then under the Paynet brand.   The global move towards card and online transactions is bringing to the fore the need to maintain strict  security standards in payment transactions. The entire payment chain, from the cardholder, to the issuer (bank) right through to the merchant (acquirer) relies on the highest levels of security to ensure confidence of protection in card and online payments.   The Personal Identification Number (PIN) is a Cardholder Verification Method that is used to verify the cardholder at the point of transaction.Ensuring the confid