World Bank Stories
The report also flags political instability and limited resources as barriers to effective policy implementation. These factors often undermine even w...
World Bank highlights that economic management remains Kenya’s strongest pillar, attaining a score of 4.2 in 2024, up from 4.0 in the previous year.
CBK, in its defence, insisted it has no role in the establishment or management of the fund, distancing itself from allegations touching on financing...
The arrangement will allow Kenya to channel resources into agricultural projects, irrigation, food storage infrastructure, and nutrition programmes, h...
The report notes that 82 per cent of banks intend to shrink their cost base by at least 10 per cent by 2030, with around a third aiming for reductions...
The case traces back to 1988 when KCB advanced a loan to Benjoh Amalgamated Ltd, secured by properties owned by the company and a 443-acre coffee esta...
KCB Group – a publicly owned bank that is also the country’s largest – as well as privately owned Equity Bank, have established foreign subsidiaries o...
Ahmednaji Maalim Aftin Sheikh, 28, reportedly helped his brother move millions of dollars obtained through the scheme from the US to Kenya, concealing...
The licensing brings the total number of regulated digital credit providers (DCPs) to 153, following the approval of 41 additional providers in June 2...
Looking ahead, businesses showed a greater level of optimism towards future output for the third consecutive month in August, which took overall senti...
The Central Bank of Kenya (CBK) reports that the 14 licensed microfinance institutions (MFBs) are finding it difficult to grow their lending portfolio...
Mihretu, who was appointed as the bank's governor on January 20, 2023, said his decision to resign was motivated by a desire to explore new challenges...
Ould Tah becomes the ninth president of the regional lender that plays a vital role in financing development projects across the continent.
He outlined four priorities for his first 100 days: listening intently, fast-tracking reforms, deepening partnerships, and accelerating practical solu...
The report highlights that in low-income countries the situation is even worse, with eight out of ten people lacking all three essentials: clean air,...
Rukwaro, through his lawyers, argues that on August 13, 2025, the bank's advocate gave an implied undertaking to the court that the apartment would no...
The new Memorandum of Understanding (MoU) aims to tackle the physical and digital infrastructure deficits that have long constrained trade and economi...
Yiwu, a county-level city in east China's Zhejiang Province, is a global hub for consumer goods manufacturing, known for offering products that combin...
In contrast, thousands of Kenyans continue leaving the country in search of employment and higher wages, particularly in the UK, the US, Canada, and S...
Agriculture, which employs more than 70 per cent of Ethiopia’s population, is expected to benefit directly from the project through better access to f...
The lender attributed the strong performance to operational excellence and prudent pricing strategies, achieved despite a challenging economic environ...
Structural slowdowns across investment, productivity, trade and labour force expansion are dragging the global economy toward its weakest potential gr...
The Kenya Bankers Association (KBA) linked the latest decline to challenging economic conditions and an unstable macroeconomic environment.
CBK said starting September 1, 2025, all new variable rate loans will be priced under the new framework, while existing variable rate loans will shift...
The dispute stemmed from a 2011 contract in which the county engaged Equity Bank to provide a smart card system for revenue collection at the Maasai M...
Treasury Cabinet Secretary John Mbadi said the government is seeking a cheaper facility to replace the existing loan and extend repayment terms.
Data from the Central Bank of Kenya (CBK) shows that these two sectors are the most confident about expanding staff numbers in 2025 compared to last y...
Kindiki said it showed that the country is beginning to overcome a decade of high interest rates that had weakened household incomes, slowed down priv...
Through the system, CBK will strengthen its ability to surveil the entire banking sector as transactions occur, covering RTGS, PesaLink, and mobile mo...
According to the WHO, postpartum haemorrhage (PPH) is a leading cause of maternal deaths worldwide, responsible for approximately 70,000 deaths annual...
