The proposals were presented to the National Assembly Departmental Committee on Finance and National Planning during the second day of stakeholder eng...
CBK Governor Kamau Thugge told the Committee that the microfinance sector had expanded rapidly since 2008 and currently has fourteen licensed microfin...
Under the previous system introduced in 1994, banks paid a fixed licence fee of up to Sh400,000, alongside additional charges depending on the locatio...
With the current exchange rate now quoted at Sh129.21 per dollar, the shilling has strengthened from the Sh130 level where it had hovered for much of...
CBK described DhowCSD as a systemically important infrastructure aimed at enhancing operational efficiency, expanding digital access and improving mon...
The survey targeted chief executives and senior officers from at least 400 private sector firms, including commercial banks, microfinance institutions...
Remittance inflows totalled $394.2 million (Sh51.04 billion) in May 2026, down from $397.8 million (Sh51.50 billion) in April, representing a 0.9 per...
Treasury Cabinet Secretary John Mbadi said the Treasury will first automate county exchequer requisition processes before gradually migrating counties...
The move seeks to amend provisions of the Business Laws (Amendment) Act, 2024, which introduced a phased increase in minimum core capital requirements...
The banking sector remained stable and well-capitalised, with the ratio of gross non-performing loans improving to 15.3 per cent in May 2026 from 15.6...
The concerns were raised by residents who complained that small business owners and traders continue to face exorbitant interest rates, making it diff...
A Nairobi resident has filed a High Court petition seeking to block commercial banks from raising loan interest rates and related charges without regu...
The economists say years of heavy government spending flooded the economy with Libyan dinars, while dollars remained scarce. Currency traders and spec...
Despite the monthly drop, Kenya’s diaspora inflows remained resilient on a longer-term basis, underlining the continued importance of remittances to t...
Data from the Central Bank of Kenya (CBK) shows that 35 per cent of farmers accessed digital loans in March 2026, up from 26 per cent in January, desp...
At the heart of the dispute is Devani’s claim that the receivership, now spanning 17 years, has been carried out without sufficient transparency or ac...
The unexpected increase comes despite warnings that the escalating conflict in the Gulf region could disrupt remittance flows.
Estimates indicate that Kenya could access roughly $1.5 billion (Sh193.8 billion) from the World Bank by June 2026 to bolster its fiscal position.
Kenya company heads expect a resilient economy and higher revenues over the next year, citing good weather, stable macro conditions and technology, bu...
Kenya’s central bank projects inflation will edge up to about 6.2% by July 2026, driven mainly by higher global oil costs, but remain within its 5±2.5...
The Central Bank of Kenya has licensed 32 additional digital credit providers, raising the total to 227, as it tightens oversight of mobile lending to...
The framework proposes coordinated market conduct supervision among regulators to close oversight gaps created by the growth of fintech and digital fi...
Senator Omtatah, however, is challenging the findings and wants the court to hold various officials personally liable for trillions of shillings he cl...
The African Development Bank has launched the NAFAD framework in Abidjan, securing backing for an 11-point Abidjan Consensus to tap $4 trillion in Afr...
The development comes amid Libya’s long-running political split following the Libyan Civil War in 2014, which left the country with rival administrati...
The Central Bank of Kenya has held its base rate at 8.75 per cent and projected a stable shilling, easing inflation and manageable fiscal pressures, d...
The transaction involves the purchase of 100 per cent shareholding of the Kenyan lender by the Nigerian financial institution.
The move signals a cautious stance by policymakers as global uncertainties and emerging inflation pressures shape the outlook for the domestic economy...
Data shows global commodity prices, especially Murban crude oil, have risen sharply from $63 (Sh 8,198.19) per barrel in December 2025 to $69.5 (Sh 9,...
Gathungu indicates that the Unclaimed Assets Trust Fund, managed by the Unclaimed Financial Assets Authority (UFAA), held Sh29.5 billion in receipts c...
