Topic: CBK
Surge in non-performing loans triggers wave of auctions across the country
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....
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JPMorgan Chase picks Sailepu Montet as Kenya Country Manager in expansion bid
Oct 18, 2024 at 10:17 PM
In a significant move reflecting its ambitions in Africa, JPMorgan Chase has appointed Sailepu Montet as its country manager for Kenya....
CBK unveils plan for instant payments between financial institutions in Kenya
Oct 18, 2024 at 06:33 PM
The Central Bank of Kenya (CBK) has unveiled ambitious plans to launch a groundbreaking Fast-Payment System (FPS), poised to transform how money moves across the country’s financ...
Kenya banks challenged to lower their interest rates to support MSMEs growth
Oct 16, 2024 at 08:21 PM
Local banks must lower their lending rates if Kenya’s micro, small, and medium-sized enterprises (MSMEs) are to thrive....
Kenya migrates its RTGS system in bid to boost payment security and processing
Oct 15, 2024 at 12:24 PM
Kenya has successfully transitioned its Real-Time Gross Settlement (RTGS) system to the ISO20022 Global Messaging Standard in a major stride towards modernising its financial lands...
CBK Governor Kamau Thugge shuts down talk of term limits for Kenyan bank CEOs
Oct 09, 2024 at 10:20 PM
In a move that will likely cement the long reign of Kenya’s top banking chiefs, Central Bank of Kenya (CBK) Governor Kamau Thugge has ruled out any immediate plans to introduce t...
CBK cuts interest rates to 12 per cent to spur economic growth, tame inflation
Oct 08, 2024 at 11:09 PM
In a move that is expected to stimulate economic growth and provide relief to borrowers, the Central Bank of Kenya (CBK) has announced a reduction in the Central Bank Rate (CBR)....
CBK registers 27 additional digital lenders
Oct 01, 2024 at 09:48 PM
The Central Bank of Kenya (CBK) has granted licenses to an additional 27 Digital Credit Providers (DCPs) even as it takes steps to tighten oversight within the digital lending sect...
Kenya poised for economic shift as central bank rate expected to drop
Sep 27, 2024 at 02:14 PM
Kenya’s financial landscape may soon witness a significant shift, with analysts forecasting a potential 0.5 per cent reduction in the Central Bank Rate (CBR)....
Central Bank targets Sh30 billion from reopened 10-year bonds auction
Sep 27, 2024 at 12:39 AM
The Central Bank of Kenya (CBK) has unveiled an ambitious plan to raise Sh30 billion from the reopening of two 10-year bonds, as it seeks to attract investors amid soaring interest...
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Absa sets ambitious expansion plan with over 17,000 agency service outlets
Aug 21, 2024 at 07:56 PM
Absa Bank Kenya PLC has revealed its ambitious strategy to bolster its presence across the nation with the establishment of over 17,000 agency service outlets within the next two y...
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Kenya picks German company to replace De La Rue in printing new banknotes
Aug 08, 2024 at 06:37 PM
Kenya government has opted for a German company to print its new banknotes, just months after the previous currency printer, De La Rue Kenya EPZ Limited, shut down its local operat...
CBK unveils new Kenya currency notes replete with updated security features
Aug 07, 2024 at 09:22 AM
Kenyans can expect to see some familiar faces – and signatures – on their money soon....
Optimistic CBK lowers CBR to 12.75 per cent in effort to boost economic growth
Aug 06, 2024 at 11:34 PM
In a bid to stimulate economic growth while preserving financial stability, the Central Bank of Kenya (CBK) has announced a reduction in the Central Bank Rate (CBR) to 12.75 per ce...
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....
, CBK Governor Dr. Kamau Thugge (C) and KBA Ag. CEO Raimond Malonje during the launch of the Chora Plan campaign - 1 (1)-1718812337.jpg)
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....
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