“After the deadline, any loss associated with non-compliance to the new technology shall be borne by the bank” Kenya Bankers Association (KBA) chairman Habil Olaka, asking banks to switch to new ATM cards by May 31, 2014. Banks worldwide are switching from magnetic strip cards to the relatively secure chip cards.



“The technology is available. What we need is to ensure that our banks are able to work with banks resident in the countries where Kenyans are employed to see how they can send their money home at the least possible expense” President Uhuru Kenyatta urging banks to find cheap ways the diaspora can use in remitting cash home.”



“We have lready identified key factors that contribute to high roaming charges across the region and on May 2 (2014) we will be having a meeting where we will announce the new policy that will bring the charges down,” ICT Cabinet Secretary Fred Matiang’i announcing a deal between Kenya and Uganda that will see cross-border calling rates drop.




“Failure to address issues such as rules on opting out and pension deductions for casual employees will defeat the purpose of postponing the commencement date to June,” Federation of Kenya Employers executive director Jacquline Mugo, faulting Labour Cabinet Secretary Kazungu Kambi for failing to address stakeholder’s concerns in the new NSSF regulations scheduled to commence next month.



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