Topic: CBK
CBK report reveals shocking regulatory breaches by 12 commercial banks in 2023
Jul 19, 2024 at 11:15 PM
A fresh report by the Central Bank of Kenya (CBK) has unveiled a worrying trend of regulatory breaches within the country’s banking sector....
CBK faces investor confidence challenge as bond sale underwhelms
Jul 18, 2024 at 11:53 PM
The Central Bank of Kenya (CBK) has encountered fresh challenges in its debt management strategy, underscored by a starkly underwhelming performance in this month’s bond auction....
Central Bank of Kenya grants additional licenses to 7 Digital Credit Providers
Jun 27, 2024 at 03:39 PM
Seven Digital Credit Providers have recently been granted licenses by the Central Bank of Kenya (CBK), marking a significant expansion in the regulatory framework for financial ser...
Airtel Money cash-out code removal triggers mobile money subscription surge
Jun 25, 2024 at 03:04 PM
The number of mobile money subscribers in Kenya has witnessed a significant rebound in the first quarter of 2024, reversing a year-long trend of decline....
Financial sector urged to address population needs for economic growth
Jun 12, 2024 at 06:13 PM
In a bid to enhance financial inclusion and spur economic growth, stakeholders in the financial services sector have been urged to prioritise the needs of the populace when develop...
Decline in debt-shaming, harassment as digital lenders embrace new regulations
May 16, 2024 at 12:13 PM
Kenya's digital lending landscape has witnessed a significant improvement in customer protection, with a 75 per cent decline in cases of harassment and debt shaming by lenders....
CBK extends debt auction for 10-year bond in bid to lower interest rates
May 08, 2024 at 11:06 AM
The Central Bank of Kenya (CBK) is extending its offer for a 10-year government bond, aiming to raise Sh15 billion (US$134.2 million) by Thursday or until its target is met....
Kenya cracks down on greenwashing with new draft green finance rules
Apr 16, 2024 at 05:33 PM
The Central Bank of Kenya (CBK) has taken a significant step towards combating greenwashing in the financial sector by publishing draft rules for a Kenya Green Finance Taxonomy (KG...
Retail investors become top domestic state lender as Kenyans embrace bonds
Apr 16, 2024 at 03:48 PM
Recent data, released by the Central Bank of Kenya (CBK) has revealed that retail investors in Kenya have become the fastest-growing domestic lenders to the government, surpassing ...
Equity expands money transfer services to over 30 countries with Mastercard deal
Apr 16, 2024 at 11:33 AM
Equity Bank, a leading Kenyan bank, has announced a significant expansion of its international money transfer services, reaching over 30 countries through a new collaboration with ...
Costly Eurobond repurchase leaves Kenya grappling with high debt risk
Apr 11, 2024 at 06:25 PM
The World Bank Group has raised concerns about Kenya's continued vulnerability to debt distress, following its recent Eurobond settlement....
Kenyans face higher fringe benefits tax amid economic uncertainty
Apr 10, 2024 at 12:19 PM
The Kenya Revenue Authority (KRA) has dealt a blow to Kenyan workers' pockets by increasing the tax rate on employer-provided welfare benefits for the fourth consecutive quarter....
Treasury Bill rates signal potential peak in domestic borrowing costs
Apr 08, 2024 at 10:17 AM
In a notable turn of events, interest rates across Kenya's Treasury bills have seen a decline for the first time in over two years, marking a potential shift in the trajectory of g...
M-Pesa delinkage from parent, Safaricom, stalled by Sh75 billion tax hurdle
Apr 04, 2024 at 03:56 PM
The Central Bank of Kenya's (CBK) push to separate M-Pesa, the country's dominant mobile money platform, from its operator Safaricom, has encountered a significant hurdle – a pot...
Kenya receives less World Bank funding by Sh39.3 billion despite fiscal deficit
Apr 04, 2024 at 12:35 PM
Kenya's hopes for a Sh1.5 billion ($1.2 billion) cash injection from the World Bank have been trimmed to Sh157.7 billion ($1.2 billion)....
Banking sector faces mounting pressure as non-performing loans hit record high
Apr 04, 2024 at 11:28 AM
Kenya's banking sector is grappling with a significant rise in non-performing loans (NPLs), which has reached a new high of 15.5 per cent of total lending according to Central Bank...
Relief as CBK maintains base rate at 13 per cent amid positive economic shifts
Apr 03, 2024 at 10:42 PM
The Central Bank of Kenya (CBK) has opted to maintain its base rate at 13 per cent for the coming month....
Development Bank of Kenya up for sale as State pushes privatisation agenda
Mar 25, 2024 at 11:49 AM
The Kenyan government is moving forward with its privatization agenda, announcing the sale of the Development Bank Kenya (DBK)....
CBK holds firm on T-bill rates despite investor pressure for 17 per cent hike
Mar 18, 2024 at 12:28 PM
The Central Bank of Kenya (CBK) is digging in its heels on Treasury bill (T-bill) interest rates, resisting pressure from investors who are demanding a rate of 17 per cent on the o...
Kenya's trade surplus within Africa reaches record Sh164.04 billion in 2023
Mar 15, 2024 at 09:43 AM
Kenya's trade with African nations has flourished, with earnings from exports exceeding expenditure on imports by a record Sh164.04 billion in 2023....