CBK Governor Kamau Thugge Stories

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.

CBK Governor Dr Kamau Thugge said the reforms will curb this form of abuse by tying approved requisitions to actual payments, thereby blocking discret...

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...

Transport costs could reduce significantly, benefitting public service vehicles, ride-hailing services, and private motorists.

The move follows amendments to financial sector laws late last year when the President signed the Business Laws (Amendment) Bill into law.

This announcement follows the CBK's latest reduction of its benchmark lending rate by 50 basis points, bringing it to 10.75 per cent from 11.25 per ce...

This change comes in response to pressure from the banking regulator, signalling a potential shift in the lending landscape.

The CS said that taxes currently take up 8 per cent of employees' salaries, a burden that many find excessive.

Arita, a seasoned financial expert, outlined his plans to establish a dedicated team within CBK focused solely on addressing these issues.

This is a 75 Basis Points slash, a larger cut compared to August's review when the apex bank lowered the benchmark lending rate by 25 basis points fro...

Among the candidates include Charles Ringera, the Chief Executive Officer and Board Secretary at the Higher Education Loans Board (HELB).

The survey found that high lending rates and tight credit underwriting are reducing the demand and uptake of new facilities.