National Bank has opened a premium banking branch at Nairobi’s upmarket area, Yaya Centre that houses the region’s first Chinese Renminbi (Yuan) exchange Centre.
The exchange Centre is aimed at facilitating trade between Kenya and china. The branch provides customers with meeting space, free internet, children play-area and a choice between English, Swahili or Chinese speaking personal bankers.
The Kenya shilling continued to weaken due to importer dollar demand from the energy sector and Central Bank of Kenya (CBK) limitations in preventing the local unit from weakening.
On Tuesday, Commercial banks quoted the shilling at 102.75/85 to the dollar, compared with Monday’s close of trading at 101.75/85.
Diaspora remittances hit Sh76.93 billion in the first half of 2015, official data released by the Central Bank of Kenya (CBK) shows.
This is an increase of 9.2 percent compared to Sh70.4 billion recorded in the same period last year.
Last month, Kenyans living abroad sent home Sh13.87 billion, a jump of 17.1 percent compared to Sh12.08 billion in June 2014.