Banking Act,Central Bank of Kenya Stories
The proposed regulations will empower the Central Bank of Kenya (CBK) to levy heavier penalties on banks that fail to follow the Banking Act and other...
Beyond regional trade, remittances from Kenyans living abroad have reached a historic Sh1 trillion as of November 2025.
In a rare statement on X on Wednesday, Herzog denounced the incident, criticising violence targeting both civilians and Israeli Defence Forces (IDF) s...
Analysts see this as a deliberate shift toward local funding, consistent with President William Ruto’s goal to reduce reliance on costly foreign loans...
The directive, issued by Nairobi County Secretary Godfrey Akumali on November 5, instructed CEOs of Level 4 and 5 hospitals, along with officers manag...
With a Sh19.4 billion pledge, UBA aims to modernise Kenya’s transport, energy, and infrastructure sectors while fostering regional trade and supportin...
They allege that the policy could point to irregular financial arrangements involving Sidian Bank, and want the court to intervene before public funds...
According to the lender, this disparity highlights ongoing challenges in ensuring that millions across the continent can prove who they are, a fundame...
Managing Director Phillip Mainga informed the Parliamentary Committee on Implementation that Kenya Railways had reached an agreement with the State De...
Declining freshwater reserves are not only reshaping ecosystems but also undermining employment, particularly in countries heavily reliant on agricult...
The continent accounted for over $15 billion (Sh1.9 trillion) of IFC commitments last year, with roughly 30 per cent already in local currencies.
The lender attributes the growth to stronger sales and an improving economic environment, which encouraged firms to step up purchasing and production.
Saudi Arabia rolled out the skill-based work permit system in mid-2025, with reclassification of existing workers beginning June 18 and new arrivals c...
Production capacity in major exporting countries remains constrained, and although shipping and energy costs are easing, they have not dropped enough...
Kenya and eight partner countries are embedding climate resilience into their health systems through a World Bank–funded regional programme aimed at c...
Despite Migori’s strong start, Equity struck first in the 28th minute after a defensive lapse allowed George Kamau to pounce and slot home from close...
The report also highlights Kenya's continued appeal as a technology and innovation hub, pointing to major investments by global giants such as Google,...
The report, which covered 36 banks and microfinance institutions, showed that for every Sh100 profit, the exchequer collected Sh38.50 in taxes.
According to the findings, most firms still have unused capacity, allowing them to respond to surging demand without making large new investments.
The HEST II project is expected to benefit over 20,000 students, including 8,000 young women, and generate about 5,000 direct and indirect jobs in the...
While the sector’s share of total tax receipts slightly declined from 8.78 per cent in 2023, it remains a substantial contribution given that it origi...
Similar to the general population, the report highlights that extreme poverty among children is increasingly concentrated in Sub-Saharan Africa and pl...
According to the report, released on Tuesday by global identity verification firm Sumsub and Statista, Kenya performed slightly better than its region...
The report notes that the CBK recruited managers who did not fully meet the mandatory experience or service period requirements.
A new CBK survey shows none of the firms in the sector plans to hire new workers in 2025, raising questions over the government’s affordable housing p...
Under current arrangements, CBK charges 1.5 per cent commission on funds raised through Treasury bills and bonds, with a cap of Sh3 billion per year.
Kenya’s upgraded forecast comes amid signs of recovery in key sectors such as agriculture, services, and construction, as well as improving investor s...
With large debt-service payments looming in early 2026, the current cushion offers the government greater breathing room to plan repayments without pu...
CBK this month lowered the base lending rate to 9.25 per cent from the previous ceiling of 9.5 per cent, marking the eighth consecutive reduction.
The lender notes that the improved transaction timelines will allow businesses to operate more efficiently and respond swiftly to changing market dema...
