Topic: CBK
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....
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...
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