Topic: Central Bank of Kenya
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DTB to increase lending to individuals, SMEs to back Kenya economic stability
Feb 20, 2025 at 11:01 PM
Diamond Trust Bank (DTB) is setting its sights on increased lending to individuals and small businesses, banking on Kenya’s economic stability to drive growth....
Kenya’s new banknotes earn global award for security and innovation
Feb 17, 2025 at 10:43 AM
Kenya’s newly redesigned banknotes have received international recognition for their advanced security features, with the Central Bank of Kenya (CBK) securing the prestigious “...
Kenyan banks cut their lending rates to a four-month low amid pressure from CBK
Feb 14, 2025 at 10:19 AM
Kenyan borrowers are set to benefit from lower interest rates after most commercial banks slashed their lending rates to a four-month low....
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Equity Bank slashes lending rates again after CBK latest monetary policy review
Feb 12, 2025 at 08:55 PM
Equity Bank Kenya has announced a reduction in interest rates on all Kenya Shilling-denominated loans, both new and existing, in response to the Central Bank of Kenya’s (CBK) lat...
Court bars unlicensed digital lenders from seeking legal redress over debt
Feb 11, 2025 at 01:07 PM
Entities operating digital lending businesses without a Central Bank of Kenya (CBK) licence will no longer have access to legal redress, following a ruling by the Milimani Small Cl...
CBK cuts CRB lending rate to 10.75 per cent in bid to spur economic growth
Feb 06, 2025 at 12:37 AM
The Monetary Policy Committee (MPC) of the Central Bank of Kenya (CBK) has announced a reduction in the Central Bank Rate (CBR) by 50 basis points, lowering it to 10.75 per cent fr...
Kenya’s mobile money transactions fall for second year due to economic strain
Feb 04, 2025 at 01:15 PM
Kenya’s mobile money transactions dropped for the second consecutive year in 2024, with Kenyans moving Sh6.59 trillion, marking a 17 per cent decline from $61.5 billion transacte...
Fitch Ratings maintains Kenya's 'B-' rating despite economic hurdles
Feb 03, 2025 at 12:33 PM
Fitch Ratings has maintained Kenya’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B-' with a stable outlook, signalling some positive economic prospects despite ong...
Kenya Bankers Association calls for CBK to lower CBR to boost credit access
Jan 30, 2025 at 08:37 PM
The Kenya Bankers Association (KBA) has called on the Central Bank of Kenya (CBK) to lower the Central Bank Rate (CBR) to ease access to credit and support economic growth, citing ...
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-...
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...
Kenya ratifies convention to enhance global tax compliance, curb treaty abuse
Jan 10, 2025 at 04:28 PM
Kenya has officially ratified the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS Convention), a significant step...
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...
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)....
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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...
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