Topic: Kamau Thugge
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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....
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....
'Inua Biashara': Govt unveils accelerator program to stimulate growth of MSMEs
Oct 16, 2024 at 07:27 PM
President William Ruto on Wednesday launched the MSME Accelerator Programme aimed at boosting the development of Micro, Small, and Medium Enterprises (MSMEs) in Kenya....
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 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....
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....
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)....
World's largest asset manager BlackRock makes comeback to NSE after four years
Mar 26, 2024 at 01:29 PM
In a significant boost for the Nairobi Securities Exchange (NSE), global investment giant BlackRock has re-entered the Kenyan market after a four-year absence....
Treasury set to finance budget with local foreign currency-denominated bond
Feb 20, 2024 at 05:59 PM
In a bid to strengthen its financial footing, the National Treasury of Kenya is set to introduce a local foreign currency-denominated bond as part of its budgetary financing strate...
Kenya seizes opportunity to repurchase $2 billion Eurobonds as yields plummet
Feb 09, 2024 at 03:10 PM
In a surprise move, Kenya initiated the process to buy back its $2 billion Eurobonds maturing in June, capitalizing on a significant drop in yields....
CBK and Safaricom in 'close talks' to address frequent M-Pesa outages
Feb 08, 2024 at 02:05 AM
Concerns over the economic impact of recent M-Pesa outages have prompted the Central Bank of Kenya (CBK) to strengthen its collaboration with the mobile money platform....
Premium tears for borrowers in Kenya as CBK increases its base lending rate again
Feb 07, 2024 at 02:32 PM
Kenyan businesses and consumers are bracing for tougher times with banks set to raise their interest rates after the Central Bank of Kenya (CBK) raised the base lending rate....
CBK flags 400 digital lenders operating illegally in Kenya offering predatory loans
Dec 04, 2023 at 10:17 PM
Central Bank of Kenya has revealed that there are an alarming 400 digital credit providers (DCPs) operating illegally amid concerns over digital lenders offering predatory loans....
Kenya's IMF loans surge to sh335.5 billion, reflecting long-term credit facility impact
Nov 15, 2023 at 12:50 PM
Kenyan loans sourced from the International Monetary Fund (IMF) have experienced a threefold increase, surging to Sh335.5 billion as of June this year from Sh111.3 billion in Janua...
Weaker shilling boosts Kenya's economic prospects, the Central Bank now says
Oct 31, 2023 at 04:39 PM
The Central Bank of Kenya (CBK) has emphasized that a weaker shilling against the American dollar is advantageous for the country's economy, highlighting the potential benefits of ...
Parliament questions CBK Governor Kamau Thugge over plummeting Kenya Shilling
Oct 24, 2023 at 06:10 PM
The Central Bank of Kenya (CBK) Governor, Kamau Thugge, faced intense scrutiny from the Parliamentary Finance and National Planning Committee on Tuesday, as lawmakers sought answer...
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