Central Bank of Kenya Stories
While county leaders have raised concerns over losing financial independence, senators proposed a hybrid system, where the Treasury can monitor balanc...
Fuel subsidies previously helped keep prices in check, preventing increases of up to Sh9 per litre for diesel, Sh7 for petrol, and Sh8 for kerosene. B...
Dubbed the ‘Youth, Jobs and Skills Marker System, the scheme is designed to embed youth employment, entrepreneurship, and market-relevant training wit...
The project will cover the Muthaiga–Kiambu–Ndumberi stretch and key spurs, including Ridgeways Road, the Kiambu–Thika Road link, and UN Avenue through...
The 87th outlet features a full-service hall, a 24-hour ATM, a cash deposit machine and mobile banking services tailored for Kawangware and its neighb...
World Bank Country Director for Kenya, Qimiao Fan, emphasised that the sustainability of Kenya’s debt should not be judged only by the current numbers...
The newly constituted AUC leadership will serve a four-year term, charged with driving Africa’s integration agenda amid mounting internal and external...
The current strategies and approaches used in promoting digital finance with a focus on savings are being shadowed by gaps in the borrowing space, sig...
The bank says these new solutions are part of its broader strategy to deepen financial inclusion by offering accessible, ethical, and convenient banki...
Fringe benefits tax applies to employees, directors, or their relatives who receive welfare perks such as low-interest loans from their employers. The...
Despite their current challenges, most respondents said they do not intend to default permanently, expressing fear of being blacklisted by the Credit...
In its 2025 Country Focus Report, the African Development Bank states that Kenya urgently needs to mobilise diverse sources of capital over the next f...
The survey, which runs until July 15, 2025, seeks input from customers of commercial banks, mortgage finance institutions, microfinance banks and the...
While 71 per cent of digital lenders screen their customers against global sanctions lists and 62.7 per cent offer some form of staff training, only 4...
Emergency Preparedness: Having a fire extinguisher, a puncture repair kit, jumper wires, or an emergency hammer on hand can save your life.
The appellate court dismissed Stanbic Bank's appeal, ruling that the lender had indeed breached the standard of care expected of it in issuing the bon...
The project is being supported by EIB Global, the development arm of the European Investment Bank and Germany’s development agency GIZ.
The African Economic Outlook Kenya Country Focus Report, released in Nairobi, outlines how mismanagement, tax exemptions and weak oversight are reduci...
The move follows a series of benchmark rate cuts by CBK over the past year and a half, including the latest reduction in June, which brought the Centr...
Somalia's domestic revenue, which comes second as the country's source of resources, has over the years remained low, with the World Bank now urging r...
Counterfeit or cheap knock-offs often lack essential safety features, and reports of power banks overheating or catching fire have increased in recent...
The directive permits foreign entities to establish subsidiaries, branches or representative offices in Ethiopia's previously closed banking system. I...
The National Assembly’s Finance Committee has recommended that five government agencies jointly supervise virtual asset service providers (VASPs), mar...
The report notes that Africa has seen little improvement since the mid-2010s, with the region now home to more than 60 per cent of the world’s extreme...
Senior State Department Bureau Official Troy Fitrell said there are business leaders in the US who need to understand the opportunities that lie in do...
The World Bank adds that in the early 2000s, Africa enjoyed strong economic growth driven by high commodity prices and a surge in foreign capital infl...
Russo succeeds NCBA Group Managing Director John Gachora, who had served in the position since June 2021.
While countries such as South Africa, Kenya, and Lesotho have benefited from preferential access under the scheme, Afreximbank notes that the recent i...
FDI inflows to emerging markets and developing economies (EMDEs) have weakened steadily as a share of their GDP since the global financial crisis
New operating window will span from 7:00 am to 7:00 pm on all business days, four hours longer than the current schedule of 8:30 am to 4:30 pm.
