CBK financial health data,financial literacy Kenya,Kenya financial inclusion,National Financial Inclusion Strategy Stories
Kenya’s financial inclusion has soared, yet financially healthy households have nearly halved. A new 2025–2028 national strategy aims to curb debt, ga...
Kenya has adopted the WE Finance Code, a global framework to expand credit for women-led businesses, aiming to close gender financing gaps and support...
UNCTAD forecasts global growth will slow to 2.6 per cent in 2025, citing rising financial volatility and geopolitical risks, with developing economies...
Shariah-compliant financing is gaining traction, offering not just ethics-based alternatives but increasingly competitive and flexible financial solut...
Ruto said the fund has transformed access to finance, enabling 800,000 business owners to borrow up to Sh150,000 without collateral.
The report links higher insurance uptake to counties with stronger formal employment, thriving businesses, better literacy rates, and more stable hous...
As the bank expands its services, it is expected to positively impact the local economy by providing much-needed financial services to individuals and...
Regulators warned that a failure of a single provider could disrupt multiple institutions at once, affecting their ability to deliver essential servic...
The AU says more than half of Africans now live in countries spending more on debt repayments than on social services, calling for urgent G20-led refo...
The UN General Assembly on Wednesday adopted the resolution titled "Necessity of ending the economic, commercial and financial embargo imposed by the...
15 of the 20 companies faced fines amounting to at least half of the assets they failed to remit. CIC Insurance bore the largest penalty of Sh999.6 mi...
The audit highlights how many holders of small amounts are deterred from claiming their funds because they face mandatory expenses such as travel, not...
Kenya remains under FATF grey listing, after being flagged in February 2024, a decision that has rattled its financial sector.
The Treasury notes that the proposed increase in spending underscores the government’s continued focus on economic recovery, infrastructure developmen...
The report notes that these losses, driven by corruption, trade misinvoicing and tax evasion, are eroding government revenue, limiting social services...
The compliance audit, which sampled eight universities, found that the institutions held unclaimed financial assets in the form of caution money and o...
The Performance Audit Report, covering six years of UFAA’s operations, noted that the lack of a framework for the surrender and management of non-cash...
The FRC tracks suspicious financial activities through reports filed by banks, mobile money providers, forex bureaus, and SACCOs. SASRA supervises SAC...
The initiative seeks to address gaps in recourse mechanisms for digital wallets and improve safeguards for users of digital financial services (DFSs).
Employees described systematic financial manipulation and workplace exploitation.
Revenue for the coming financial year is projected at Sh3.58 trillion, while planned expenditure is Sh4.64 trillion, leaving a Sh1 trillion budget gap...
The study points to businesses increasingly being involved in these illegal activities, while corruption, fake goods, and trade misinvoicing remain th...
Kenya was grey-listed by the Financial Action Task Force (FATF) in February 2024 for inadequacies in its money laundering/countering financing of terr...
The discussions, held in Mogadishu, focused on practical steps to secure Somalia’s financial system and to disrupt the flow of funds that sustain arme...
During a session with the National Assembly’s Committee on Implementation in Eldoret on Tuesday, MTRH Chief Executive Officer Phillip Kirwa said the f...
The African Union has warned the continent loses billions in illicit financial flows each year. Analysts say stopping tax evasion and corruption is ju...
The Board said Tanui brings over 24 years of experience in financial services, with expertise spanning Risk Management, MSME Lending, Business Lending...
Despite the opposition, President William Ruto and the Treasury have maintained a firm stance, insisting the platform is a critical reform to enhance...
Speaking at a press conference in Mogadishu on Tuesday, Issa revealed that the Supreme Court, the Benadir Regional Court, and the Benadir Regional App...
Through the system, CBK will strengthen its ability to surveil the entire banking sector as transactions occur, covering RTGS, PesaLink, and mobile mo...
