Central Bank of Kenya Stories

Kenya not likely to attain debt sustainability until after 2029 – Treasury
Alfred Onyango  |  Mar 26, 2025

CBK data shows Kenya's public debt hit Sh10.027 trillion in the last week of June 2023, effectively breaching the then statutory debt ceiling which wa...

Banks face crackdown as CBK pushes for lower lending rates
Maureen Kinyanjui  |  Mar 26, 2025

CBK Governor Kamau Thugge revealed that the regulator has initiated onsite inspections to ensure banks reduce their lending rates in line with the low...

Sudanese army seizes control over main headquarters of central bank, military sources say
Reuters  |  Mar 22, 2025

The takeover came a day after it seized full control of the presidential palace in what would be a major gain in a two-year-old conflict with the RSF...

CBK proposes new license fee structure for banks
Alfred Onyango  |  Mar 11, 2025

In the first year of implementation, CBK plans to set the rate at 0.6 per cent.

Remittances by Kenyans in diaspora reduce by Sh2.3 billion in January as US remains largest source
Alfred Onyango  |  Feb 15, 2025

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...

CBK projects cheaper fuel in 2025 will ease burden on businesses, households
Lucy Mumbi  |  Feb 08, 2025

Transport costs could reduce significantly, benefitting public service vehicles, ride-hailing services, and private motorists.

Central Bank pressures 13 banks to meet Sh10 billion core capital requirement
Maureen Kinyanjui  |  Feb 07, 2025

The move follows amendments to financial sector laws late last year when the President signed the Business Laws (Amendment) Bill into law.

Central Bank of Kenya warns of hefty fines for banks will not reduce lending rates
Maureen Kinyanjui  |  Feb 06, 2025

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...

Relief for borrowers as Kenyan banks reduce lending rates after CBK push
Maureen Kinyanjui  |  Jan 30, 2025

This change comes in response to pressure from the banking regulator, signalling a potential shift in the lending landscape.

Relief for Kenyan workers as KRA lowers fringe benefits tax to 13 per cent
Lucy Mumbi  |  Jan 20, 2025

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.

Insurance withdrawals hit Sh13 billion as economic struggles among Kenyans deepen
Maureen Kinyanjui  |  Jan 11, 2025

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

Sh48.5 billion lying idle in county funds CBK account despite cash crunch in devolved governments
Maureen Kinyanjui  |  Jan 10, 2025

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

Analysis: Kenyan shilling marks first year-on-year gain in four years in 2024
Alfred Onyango  |  Jan 01, 2025

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

Kenya's small businesses hope for a better 2025 after struggling in 2024
Alfred Onyango  |  Dec 29, 2024

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

CBK: Money from Kenyans in diaspora down by Sh1.8 billion in November
Alfred Onyango  |  Dec 21, 2024

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

State's high domestic borrowing draining credit for private sector – World Bank
Lucy Mumbi  |  Dec 10, 2024

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

KBA announces plans to make borrowing affordable with lower interest rates
Lucy Mumbi  |  Dec 09, 2024

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

Pushed to the wall, Kenyans take up more loans as savings diminish
Alfred Onyango  |  Dec 04, 2024

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...

Mbadi says state to review taxes on salaries to ease burden on workers
Maureen Kinyanjui  |  Dec 04, 2024

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

Relief for banks as MPs propose more time for raising minimum capital to Sh10 billion
Maureen Kinyanjui  |  Dec 04, 2024

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...

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