The Central Bank of Kenya (CBK) has announced plans to set up a Deposit Guarantee Fund (DPF) worth KSh180 million to protect members of Savings and Credit Cooperative Societies (SACCOs) …
The Central Bank of Kenya (CBK) has warned commercial banks in the country to reduce their lending rates or risk facing serious financial penalties. The warning came from CBK Governor …
Norwegian start-up Wakandi has secured a regulatory licence from the Central Bank of Kenya (CBK) to provide digital payment services. The payment service provider (PSP) license will enable the firm …
The Central Bank of Kenya (CBK) has announced the reintroduction of charges for transactions between mobile money wallets and bank accounts from January 2023. The charges had been waived since …
The Central Bank of Kenya(CBK) has said that its forex reserves remain adequate to smooth out any volatilities despite breaching the aggregate amount of not less than the value of …
The significant weakening of the shilling versus the dollar handed the Central Bank of Kenya (CBK) an unrealized exchange gain of Sh68 billion on its forex holdings in the year …
Airtel Kenya has completed the process of separating its mobile money business from the telecommunications arm, with the new entity now operating as Airtel Money Kenya Ltd (AMKL). “The completion …
Mauritian bank group SBM Holdings wants to sell its Kenyan subsidiary five years after entering the market through the buyout of Fidelity Bank that has continued to struggle despite receiving …
Wealthy investors and financiers like banks and pension schemes are putting pressure on the Central Bank of Kenya (CBK) to increase the cost of government borrowing as global hikes in …
Central Bank of Kenya Governor Patrick Njoroge has urged members of the National Assembly to play an active role and deter debt accumulation in the country. Njoroge who spoke on …