CBK,CBK benchmark rate,CBK interest rates,cbk lending rates kenya Stories
Financial institutions are updating their contracts and improving monitoring systems to protect themselves from growing risks related to external serv...
The proposed rules address key areas such as transparency in loan agreements, responsible use of customer data, effective complaint resolution, and fa...
According to data published by the Central Bank of Kenya (CBK), the average overall lending rate across 38 commercial banks dropped slightly to 15.78...
President William Ruto criticised those questioning the fund’s impact, accusing them of misrepresenting facts and failing to understand the economic c...
This move comes amid rising concerns over the use of artificial intelligence, cloud computing, and the surge in mobile money fraud, which have exposed...
CBK Governor Dr Kamau Thugge said the reforms will curb this form of abuse by tying approved requisitions to actual payments, thereby blocking discret...
Foreign exchange reserves were reported at $10,749 million (Sh1.39 trillion), equivalent to 4.7 months of import cover.
The GDI platform will enhance oversight of public funds by giving CBK the ability to proactively monitor county account balances and transactions on s...
This loophole has led to a sharp increase in county accounts at commercial banks. A recent report by Controller of Budget Margaret Nyakango revealed t...
Wetang’ula directed that the nomination, along with Angasa’s CV and supporting documents, be submitted to the National Assembly Departmental Committee...
While county leaders have raised concerns over losing financial independence, senators proposed a hybrid system, where the Treasury can monitor balanc...
Fringe benefits tax applies to employees, directors, or their relatives who receive welfare perks such as low-interest loans from their employers. The...
The data shows that interest income from MSME loans increased from Sh79.1 billion in 2022 to Sh91.8 billion in 2024, marking a 16 per cent jump.
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...
An analysis of data from the Central Bank of Kenya (CBK) shows the Kenyan shilling closed the first quarter of 2025 with a 14 per cent year-on-year ga...
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...
According to the Auditor General’s report, of the Sh22.96 billion allocated to the Hustler Fund in the 2022/2023 budget, only Sh12 billion was spent.
The Auditor General’s report has exposed major gaps in the management of the fund, showing the State Department for Cooperatives only spent Sh12 billi...
The CBK survey shows that 54 per cent of farmers said high interest rates were the main reason they couldn’t access credit, up from 38 per cent in Mar...
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 Agriculture Sector Survey released on Tuesday, June 17, notes that while cereal products will see price hikes, some fast-maturing vegetables are p...
Data by the Central Bank of Kenya shows that Kisumu borrowed Sh1.68 billion from Kenya Commercial Bank (KCB) to support operations and pay salaries.
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...
Auditor General Nancy Gathungu told MPs that there was no proof the borrowers were untraceable or incapable of repayment, raising concerns about trans...
Dr Thugge acknowledged the shortcomings of his report and accepted responsibility for the oversight. He assured the committee that he would address th...
In a statement on Thursday, CBK said the approvals are part of an ongoing review of over 700 applications it has received since March 2022.
The CBK survey revealed that banks plan to ramp up loan recovery efforts in eight of the 11 economic sectors and maintain the current pace in the rema...
CBK currently has 1,311 employees. Of these, 325 are Kikuyu and 258 are Kalenjin. Luo staff number 139, followed by Kamba (123), Luhya (113), Kisii (9...
