Topic: CBK
Safaricom and Kenya banks criticise CBK's Sh25.9 billion fast payment plan
Jan 27, 2025 at 11:21 AM
A simmering debate has erupted between the Central Bank of Kenya (CBK) and two key players in the country’s financial ecosystem—Safaricom and the Kenya Bankers Association (KBA...
Moody's reviews Kenya's Caa1 outlook to 'positive' projecting liquidity risks easing
Jan 24, 2025 at 09:48 PM
Kenya's fiscal and economic landscape has received a boost after Moody's Ratings revised the country's outlook to positive from negative while maintaining its Caa1 rating for long-...
Remittances from Kenyans in diaspora soared to record Sh651.7 billion in 2024
Jan 20, 2025 at 12:02 PM
Remittances from the diaspora contributed a remarkable Sh651.7 billion to Kenya's economy in 2024, marking an 18 per cent rise from Sh543.3 billion in 2023....
Private sector lending slows to 4 per cent amid currency woes, CBK report shows
Jan 14, 2025 at 10:25 AM
Private sector credit growth in Kenya dropped sharply to 4 per cent in the 2023/24 financial year, totalling Sh3.8 trillion, a stark contrast to the 12.2 per cent recorded in the p...
CBK seeks global coin minting tenders in its push for transparency in procurement
Jan 08, 2025 at 09:56 PM
The Central Bank of Kenya (CBK) has issued a tender notice inviting global applications for the minting and supply of currency coins, aiming to enhance the transparency and efficie...
Insider Gerald Nyaoma Arita starts his tenure as second CBK Deputy Governor
Jan 07, 2025 at 03:12 PM
Gerald Nyaoma Arita on Tuesday kicked off his tenure as the Deputy Governor of the Central Bank of Kenya (CBK) following his nomination by President William Ruto last year....
Kenya’s debt soars to Sh10.8 trillion as pressure on finances mounts
Dec 19, 2024 at 12:15 PM
Kenya’s public debt has surged to Sh10.8 trillion, as reported by the Central Bank of Kenya (CBK) in its latest September 2023 data....
Kenyan banks undertake to lower their interest rates in line with CBK directive
Dec 09, 2024 at 07:55 PM
Kenya’s banking industry is gearing up to reduce lending rates in a move to tackle the persistent challenges of high borrowing costs, as announced by the Kenya Bankers Associatio...
I&M Bank also reduces its lending rates
Dec 02, 2024 at 10:11 AM
I&M Bank has announced a 0.75 per cent reduction in its interest rates, following the Central Bank of Kenya's (CBK) recent decision to lower the Central Bank Rate (CBR)....
-1732549837.jpg)
AERC Summit to explore Africa's US$65 billion FinTech growth by 2030
Nov 25, 2024 at 06:55 PM
Africa’s FinTech market is projected to surge thirteenfold to US$65 billion by 2030, with a compound annual growth rate (CAGR) of 32 per cent, according to a recent report by pro...
CBK announces release of new currency banknotes with enhanced features
Nov 20, 2024 at 12:12 PM
The Central Bank of Kenya (CBK) has officially begun releasing redesigned currency banknotes for denominations of Sh50, Sh100, Sh200, and Sh500....
Equity Bank responds to CBK rate slash with significant loan interest reduction
Nov 19, 2024 at 02:38 PM
In a bid to provide financial relief to its customers, Equity Bank has announced a significant reduction in interest rates on all Kenya Shilling-denominated credit facilities, effe...
KNBS notes 13.2 per cent surge in mobile money transactions to Sh6.5 trillion
Nov 19, 2024 at 01:56 PM
The Kenya National Bureau of Statistics (KNBS) has reported a remarkable surge in mobile money transactions, which hit Sh6.5 trillion in the first nine months of 2024....
New bill aims to bring buy-now-pay-later companies under CBK control
Nov 19, 2024 at 10:45 AM
Kenya’s fast-growing buy-now-pay-later (BNPL) sector is about to face a potential shake-up with the introduction of a new Bill in Parliament that could place BNPL firms under the...
John Gachora strongly defends Kenya’s banking sector strength against critics
Nov 14, 2024 at 01:52 PM
NCBA Group Managing Director John Gachora has lauded the strength of Kenya’s banking sector, rallying Kenyans to take pride in the nation’s robust financial institutions amid i...
CBK warns public against misleading information on banking stability
Nov 13, 2024 at 11:27 PM
The Central Bank of Kenya (CBK) has issued a decisive warning to the public, urging vigilance against false information circulating about the nation’s banking sector....
William Ruto nominates leaders for key state commissions and agencies
Nov 13, 2024 at 09:33 AM
President William Ruto has unveiled a series of nominations to fill critical roles within Kenya’s constitutional commissions and state agencies, a strategic move aimed at reinfor...
.jpg)
BIMA: Safaricom secures licence from IRA to launch new insurance product
Nov 08, 2024 at 03:14 PM
Safaricom has been granted an insurance intermediary licence by the Insurance Regulatory Authority (IRA), officially paving the way for the company to introduce insurance services ...
Kenya’s African exports hit Sh248.7 billion, climbing 26 per cent on robust trade ties
Nov 05, 2024 at 02:13 PM
Kenya has recorded an impressive 26 per cent surge in its exports to African nations over the first seven months of 2024, driven by an increase in shipments and bolstered bilateral...
Surge in non-performing loans triggers alarming wave of auctions across Kenya
Oct 23, 2024 at 03:02 PM
Kenya's economic turbulence has led to a dramatic rise in non-performing loans (NPLs), which have surged to Sh651 billion in 2023....
-1700851702.jpeg)
-1720036750.jpg)