The goal is to strengthen the banking sector's resilience and increasebanks' capacity to finance large-scale projects, Treasury Cabinet Secretary Njuguna Ndung'u says.
Kenya has nearly 39 licenced banks, and more than half of them may be affected by the CBK's new measure. Out of these, only 9 banks control the lion's share at 75.1%
The 2024 Think Business Banking Awards aimed to foster innovation, prudence and stability in the banking sector by recognising, awarding and celebrating exemplary performance.
Business people in Garissa town say they are unable to restock their empty shelves as the Garissa-Nairobi highway has been cut off.
Residents of Bulla Punda, Kamor, Sheikh, Vumbi, Windsor, and Bulla Nyuki were forced to move to higher ground after the floodwaters engulfed their houses.
The banking sector in Mombasa is experiencing gradual growth with the arrival of new franchises expanding across the Port City.
Banks and other lenders have been increasing interest rates on loans as the CBK keeps raising the benchmark lending rate,
More banks said demand for credit this month and March is expected to be higher than it was in December and January.
