Topic: KBA
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...
Kenya Bankers Association appoints Raimond Molenje as its new CEO
Dec 16, 2024 at 11:03 AM
The Kenya Bankers Association (KBA) has appointed Raimond Molenje as its new Chief Executive Officer, effective December 1, 2024....
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...
24 banks risking closure as KBA cautions against proposed minimum capital raise
Nov 29, 2024 at 04:35 PM
The Kenya Bankers Association (KBA) has raised serious concerns about the impact of a proposed increase in the minimum core capital requirement for banks, warning that 24 small and...
NCBA shines at 8th SFI Catalyst Awards with 3rd place in Sustainable Finance
Nov 22, 2024 at 06:52 PM
NCBA clinched 3rd place in the prestigious Best in Sustainable Finance category at the 8th Edition of the SFI Catalyst Awards, held this week by the Kenya Bankers Association (KBA)...
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...
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Kenyan banks commit Sh450 billion to empower local MSMEs over next 3 years
Oct 17, 2024 at 04:59 PM
Kenya’s banking sector, under the Kenya Bankers Association (KBA), has announced a Sh450 billion financial boost to Micro, Small, and Medium-sized Enterprises (MSMEs) over the ne...
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 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...
Kenya Bankers Association pushes back on proposed VAT hike for transactions
May 17, 2024 at 06:22 PM
The government's attempt to boost revenue collection through a new Value Added Tax (VAT) on financial transactions is facing resistance from the Kenya Bankers Association (KBA)....
Clear provisions promised in Finance Act 2024 to ease tax compliance
May 09, 2024 at 07:56 PM
The Chairperson of the National Assembly Committee on Finance and National Planning, Kuria Kimani, has assured stakeholders that the forthcoming Finance Act 2024 will provide expli...
KBA announces temporary replacement as its long-serving CEO Habil Olaka exits
Mar 11, 2024 at 12:13 PM
The Kenya Bankers Association (KBA) is preparing for a change in leadership as Habil Olaka, the current Chief Executive Officer (CEO), is set to retire at the end of March....
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...
KBA lauds economic stewardship as the Shilling rallies on investor confidence
Feb 16, 2024 at 01:01 PM
The Kenyan shilling experienced a significant strengthening against the US dollar today, closing at an average price of Sh145 per dollar and Sh148 per dollar, a notable gain from r...
Businesses strained amid mounting interest rates, threat of loan defaults
Feb 05, 2024 at 11:16 AM
Kenya's economic landscape is teetering on the edge, with businesses facing a rising tide of financial strain as interest rates surge....
Family Bank names Nancy Njau as new managing director, pending approval
Nov 23, 2023 at 11:42 AM
Family Bank, one of Kenya's leading financial institutions, is set to undergo a change in leadership as Nancy Njau takes the helm as the new Managing Director and CEO, succeeding R...
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Absa Kenya bags top honours at 2023 Sustainable Finance Initiative Catalyst Awards
Nov 16, 2023 at 05:12 PM
Absa Bank Kenya has bagged the prestigious Sustainable Finance Initiative (SFI) Catalyst Awards, hosted by the Kenya Bankers Association (KBA)....
Banking sector calls for review of tax law imposing five-day payment requirement
Nov 01, 2023 at 02:08 PM
The Kenya Bankers Association (KBA) has approached Parliament seeking a review of the recently enacted Finance Act, 2023, expressing significant concerns about the administrative c...
