Central Bank of Kenya Stories
The licensing brings the total number of regulated digital credit providers (DCPs) to 153, following the approval of 41 additional providers in June 2...
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...
The Kenya Bankers Association (KBA) linked the latest decline to challenging economic conditions and an unstable macroeconomic environment.
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...
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...
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...
Tala’s report reveals that 26 per cent of all borrowers accessed digital credit for the first time, with women making up most of this group.
The institutions breached 10 regulatory provisions, with most violations linked to lending more than 25 per cent of core capital to a single borrower....
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...
The proposed law seeks to amend the Central Bank Act by making it mandatory for businesses to accept cash for goods and services, and prohibits additi...
CBK Governor Dr Kamau Thugge said the reforms will curb this form of abuse by tying approved requisitions to actual payments, thereby blocking discret...
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...
Despite their current challenges, most respondents said they do not intend to default permanently, expressing fear of being blacklisted by the Credit...
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...
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...
The National Assembly’s Finance Committee has recommended that five government agencies jointly supervise virtual asset service providers (VASPs), mar...
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...
The reserves have been on an upward trend since March, when they surpassed the 10-billion-US-dollar mark.
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.
According to Afreximbank's 2025 report on the state of debt burdens, a major external influence behind this shift is the changing economic policy envi...
