The survey, published in December 2024, found that nearly half of insurance customers (44.1 per cent) skipped premium payments.

In particular, Kisii County has Sh3.46 billion sitting unused in its CRF account, with only about Sh6.8 million in its development fund.

As Kenya moves to 2025, the recovery of the shilling remains a key indicator of the country's economic health.

The Institute of Economic Affairs growth will remain moderate and uneven in the coming year unless significant structural reforms are implemented.

So far this year, the months of January, August, September and October recorded the highest dollar inflow from diaspora remittances.

The report emphasised the urgency of accelerating structural reforms, particularly in light of Kenya’s fiscal constraints.

Gachora acknowledged that many borrowers continue to face financial strain due to rising living costs.

Out of the total households surveyed, the trend shows a 7.9 per cent dip in the savings culture of Kenyans from 2021, the previous survey period, to d...

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

Currently, banks must maintain a core capital-to-risk-weighted assets ratio of 10.5 per cent and a total capital-to-risk-weighted assets ratio of 14.5...

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

The contract for the printing was awarded to the German firm Giesecke+Devrient, chosen for its industry reputation and quality.

The Bill proposes the removal of definitions such as digital channel, digital credit, digital credit business, and digital credit provider from the Ce...

The country ranks after South Africa, Namibia, Mozambique, Tanzania and Nigeria. However, it has outperformed Ghana, Zambia, Uganda and Angola.

CBK says the remittance inflows continue to support the current account and the foreign exchange market.

President William Ruto said the figure represented an increase of about Sh75 billion.

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...

The central bank is due to announce its next interest rate decision on Oct. 8.

The move brings to 85 the total number of licensed digital credit providers in the country.

Kenyan banks currently operate 133 branches in Rwanda, with KCB leading the pack with 84 branches.