Central Bank of Kenya Stories
Notably, the gloomy employment outlook is against the backdrop of recent reports of recovery in the country’s macroeconomic environment and declining...
Moturi, a banking and finance expert with a Master’s degree in Banking and Finance, defended her time at the SRC, where she served as a commissioner.
The push seeks to disclose data under the International Financial Reporting Standards (IFRS) S1 and S2, steered by the Kenya Bankers Association (KBA)...
The banks argue that after interest rate caps were introduced on interbank lending, the use of this rate as a base would be more responsive to market...
In real figure terms, the 14 per cent gain during the quarter means importers in the country were spending Sh14 less to buy a dollar for importation c...
Following the lifting of the moratorium, CBK said all new entrants will be expected to demonstrate their ability to meet the new minimum capital thres...
Data from the Central Bank of Kenya (CBK) shows that February recorded the slowest increase in remittance flows for the quarter, compared to the other...
The CBK is determined to ensure that the reductions in the central bank rate benefit the broader economy, particularly in the private sector.
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...
CBK Governor Kamau Thugge revealed that the regulator has initiated onsite inspections to ensure banks reduce their lending rates in line with the low...
In the first year of implementation, CBK plans to set the rate at 0.6 per cent.
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.
