Central Bank of Kenya Stories
With the shilling constantly trading at an average of 129, it arguably means diaspora Kenyans are left in a tight spot while deciding whether to send...
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 adjustment reflects KRA’s efforts to align with CBK’s monetary policy and pass on the benefits of lower market interest rates to taxpayers.
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.
