Smaller banks pay higher interest of much as 3 per cent per annum for saving your money with them. Cairo International Bank, GTBank, and Housing Finance bank seem to offer the best deal with all of them indicating they will pay 3 per cent interest for the money you keep with them or on your savings account.
Dr. James Kanyije, the Executive Director of KK Foods Limited said on Thursday that bankers had let farmers down by classifying the sector as risky. He said they are expected to put interventions to de-risk the sector to help it grow.
According to the quoting this month by forex bureaus, the shilling has gained as much as 203 shillings since March when it traded at 3,900 against the dollar as investors panicked over the impact of coronavirus and pulled their money out of the country.