CBK Stories
The Central Bank of Kenya raised the base lending rate to 13 per cent in February 2024 and maintained it until August, driving some commercial lenders...
CBK statistics show that default rates drop as the size of the loan increases, with loans between Sh1,000 and Sh5,000 showing a 69.4 per cent non-perf...
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 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 lifting of the moratorium on new banks and raising capital requirements could be the start of more changes in the Kenyan banking sector.
The Central Bank of Kenya (CBK) reports that the 14 licensed microfinance institutions (MFBs) are finding it difficult to grow their lending portfolio...
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...
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...
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...
The survey, covering March to May 2025, found that 11 per cent of farmers who borrowed from the Hustler Fund and 13 per cent who relied on microfinanc...
The July 2025 CBK agriculture survey showed that while inflation rose slightly to 4.1 per cent in July compared to the same period last year, most far...
The new rating comes with a stable outlook, indicating growing confidence in Kenya’s ability to meet its debt obligations amid better access to intern...
Through the system, CBK will strengthen its ability to surveil the entire banking sector as transactions occur, covering RTGS, PesaLink, and mobile mo...
This means that businesses, suppliers, contractors and individuals who do not process their payments before the set deadline will have to wait until M...
The latest Central Bank of Kenya's (CBK) CEO Survey shows expectations are high for growth across most business activity indicators in the third quart...
In the period under review, gross loans issued by banks decreased by 2.7 per cent to Sh4.07 trillion from Sh4.18 trillion in 2023.
This marks the seventh consecutive rate cut from the historic peak of 13.0 per cent, as the regulator reaffirms its commitment to boosting economic ac...
This trend comes as more customers shift to fully digital solutions, including app-based payments and automated kiosks, which perform many functions t...
The local currency began its recovery in early February last year, after plummeting to a historic low of 160 against the greenback.
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...
