Central Bank of Kenya Stories
The law requires each county to set up a County Assembly Fund, managed by the clerk, to receive and retain all assembly monies. Any withdrawals must b...
Only six institutions: Citibank N.A. Kenya, Absa Bank Kenya, Credit Bank, Standard Chartered Bank Kenya, Stanbic Bank Kenya and Victoria Commercial Ba...
The reform introduces a new layer of oversight over county finances, allowing the budget controller to track cash movements and flag questionable acti...
The initiative seeks to address gaps in recourse mechanisms for digital wallets and improve safeguards for users of digital financial services (DFSs).
Beyond real-time access, senators also directed the National Treasury to work with the Auditor-General’s office to conduct a comprehensive audit of al...
Further, the CBK’s consecutive reductions in the indicative lending rate, including the latest cut to 9.50 per cent in August, made loans more afforda...
Over the past year, Kenya has maintained inflation within the target range, while the shilling has remained stable against major currencies. Interest...
Although the Fed rate directly sets short-term borrowing costs for banks, its effects spill over into mortgages, auto loans, and credit cards across t...
Authorities hope the new rules will stop gold from being illegally shipped to countries like the United Arab Emirates (UAE), via neighbouring countrie...
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, in its defence, insisted it has no role in the establishment or management of the fund, distancing itself from allegations touching on financing...
KCB Group – a publicly owned bank that is also the country’s largest – as well as privately owned Equity Bank, have established foreign subsidiaries o...
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...
