Central Bank of Kenya Stories
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.
Data from the Kenya National Bureau of Statistics shows that 782,300 new jobs were created in 2024, a drop from 848,100 the year before.
The counties with the highest number of accounts are Nakuru, Baringo, Machakos, and Embu, all running over 200 accounts each.
According to the CBK, the ratio of non-performing loans (NPLs), those unpaid for over 90 days, rose to 17.6 per cent by June 2025, up from 17.4 per ce...
Ideally, this means a person will now be considered poor if he or she lives on less than $3.00 per day, up from the previous $2.15.
The projection also represents a significant cut from its earlier forecast of 5.0 per cent growth made in January.
The Bank’s successful entry into China’s Interbank Bond Market followed rigorous regulatory and approval processes for Panda bond issuances.
According to CBK, Kenya’s overall inflation dropped to 3.8 per cent in May 2025, down from 4.1 per cent in April, remaining below the mid-point of the...
The initiative, comprising three key pillars, aims to strengthen Tanzania's economic resilience and enhance its technical, financial and institutional...
The reserves have been on an upward trend since March, when they surpassed the 10-billion-US-dollar mark.
