Central Bank of Kenya Stories

Most Kenyan employers to freeze hiring in 2025 despite economic optimism – CBK survey
Alfred Onyango  |  Apr 26, 2025

Notably, the gloomy employment outlook is against the backdrop of recent reports of recovery in the country’s macroeconomic environment and declining...

Wajir residents urged to donate blood as shortage hits county referral hospital
Issa Hussein  |  Apr 25, 2025

The county government has now called upon members of the public to volunteer at the Wajir Satellite Blood Transfusion Centre that remains open Monday...

SRC controversy casts shadow over Moturi's Central Bank board nomination
Maureen Kinyanjui  |  Apr 25, 2025

Moturi, a banking and finance expert with a Master’s degree in Banking and Finance, defended her time at the SRC, where she served as a commissioner.

Banks face additional reporting rules as sector moves to spur green credit growth
Alfred Onyango  |  Apr 25, 2025

The push seeks to disclose data under the International Financial Reporting Standards (IFRS) S1 and S2, steered by the Kenya Bankers Association (KBA)...

CBK, commercial banks disagree over benchmark for determining lending rates
Maureen Kinyanjui  |  Apr 24, 2025

The banks argue that after interest rate caps were introduced on interbank lending, the use of this rate as a base would be more responsive to market...

Kenyan shilling rebounds with 14 per cent year-on-year gain in Q1, 2025
Alfred Onyango  |  Apr 19, 2025

In real figure terms, the 14 per cent gain during the quarter means importers in the country were spending Sh14 less to buy a dollar for importation c...

Optimism in Mombasa as Salaam Microfinance Bank opens Shari’ah-compliant branch
Farhiya Hussein  |  Apr 19, 2025

The launch on Saturday drew local dignitaries, community leaders, and hundreds of residents eager to witness the arrival of a Shari’ah-compliant finan...

Haemophilia association calls for government funding to address treatment gaps
Maureen Kinyanjui  |  Apr 19, 2025

Haemophilia is a disorder where blood does not clot properly, leading to prolonged bleeding after injuries or surgeries.

DIB Bank Kenya opens 7th branch in South C, Nairobi
Alfred Onyango  |  Apr 16, 2025

The lender also said the launch reinforces its commitment to providing accessible Shariah-compliant financial solutions in the country.

CBK ends 10-year banking licence ban, sets Sh10bn capital threshold
Lucy Mumbi  |  Apr 16, 2025

Following the lifting of the moratorium, CBK said all new entrants will be expected to demonstrate their ability to meet the new minimum capital thres...

Banks navigate perfect storm to post Sh181bn in profits
Lucy Mumbi  |  Apr 14, 2025

This is an improvement from the Sh162.3 billion recorded during a similar period in 2023, underlining the sector’s ability to withstand economic press...

Diaspora remittances record slower growth as Kenyans send home Sh159.5 billion in three months
Lucy Mumbi  |  Apr 14, 2025

Data from the Central Bank of Kenya (CBK) shows that February recorded the slowest increase in remittance flows for the quarter, compared to the other...

Kenya pivots to China, away from France for 1.3-billion euro highway deal
Reuters  |  Apr 12, 2025

The deal to turn 140 km (87 miles) of single-lane road into a multilane highway linking the capital Nairobi to Nakuru was signed in Paris in 2020 duri...

Trade between African countries up 8pc to Sh27 trillion in 2024, report shows
Alfred Onyango  |  Apr 11, 2025

Despite the positive growth and outlook, Afreximbank says Africa's trade landscape remains vulnerable to global price volatility and external shocks,...

Banks face daily fines for non-compliance with CBK lending rate cuts
Maureen Kinyanjui  |  Apr 10, 2025

The CBK is determined to ensure that the reductions in the central bank rate benefit the broader economy, particularly in the private sector.

Ugandan MPs from ruling and opposition parties receive Sh100 million each from President Museveni
Lucy Mumbi  |  Apr 08, 2025

The money is reportedly as a token of appreciation for their “good behavior” and in response to financial struggles among some legislators.

Court grants permission for Equity Bank to auction Moses Kuria's Kiambu property over Sh54m loan
Maureen Kinyanjui  |  Apr 08, 2025

The former Investments and Trade Cabinet Secretary did not contest the loan but explained that he had been unable to complete construction of the hous...

Report: East Africa to power Africa’s economic growth in 2025
Alfred Onyango  |  Apr 04, 2025

East Africa’s projection is an upgrade from 4.4 per cent in the previous year, with the lender backing agriculture and services sectors as the main dr...

Ethiopia Central bank rolls out bi-weekly forex auctions as reserves surge
Addis Standard  |  Apr 01, 2025

The decision to hold bi-weekly auctions followed discussions between NBE regulators and commercial bank executives on 31 March 2025 regarding foreign...

Kenya’s blood transfusion services face collapse as World Bank’s Sh2.7 billion support ends
Lucy Mumbi  |  Mar 31, 2025

The World Bank's support covered crucial aspects such as blood collection, testing for infectious diseases, processing blood components and digitalisi...

Stay ahead of the news! Click ‘Yes, Thanks’ to receive breaking stories and exclusive updates directly to your device. Be the first to know what’s happening.