Topic: CBK
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....
Kenya raises Sh34.3 billion through reopened three-year treasury bond
Mar 11, 2024 at 12:37 PM
The Kenyan government has successfully reopened a three-year Treasury bond, raising Sh34.3 billion to support various budgetary needs, including debt repayments and new borrowings....
Logjam: Unclear requirements stall over 400 digital lending licences in Kenya
Mar 11, 2024 at 11:02 AM
Kenya's booming digital lending sector has hit a snag, with over 400 license applications languishing at the Central Bank of Kenya (CBK) due to a lack of clarity on required docume...
CBK issues licenses to 19 more digital lenders amid backlog of applications
Mar 06, 2024 at 10:28 PM
The Central Bank of Kenya (CBK) announced the licensing of 19 additional Digital Credit Providers (DCPs), bringing the total number of licensed lenders to 51....
Stanbic Bank net profit surges 34.2 per cent to Sh12.16 billion in tough economy
Mar 06, 2024 at 11:04 AM
Stanbic Holdings has recorded an impressive surge in net profit of 34.2 per cent to Sh12.16 billion, marking the highest level in the company's history....
Central Bank entices investors with new 10-year bond at 16 per cent
Feb 29, 2024 at 10:47 AM
The Central Bank of Kenya (CBK) has announced the issuance of a new 10-year bond with an attractive 16 per cent return, aiming to encourage investors to hold onto longer-term gover...
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Kenya lands on Financial Action Task Force 'grey list' over 'wash wash'
Feb 24, 2024 at 01:05 PM
Following recent developments regarding Kenya's standing with the Financial Action Task Force (FATF), the country has been placed on the 'grey list'....
Banking sector's aggressive strategy amid rising non-performing loans
Feb 22, 2024 at 12:12 PM
As financial institutions brace for the impact of mounting non-performing loans (NPLs), banks are gearing up to increase asset seizures, according to a report released by the Parli...
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