Kenyan lawmakers have approved a new bill to regulate digital assets such as cryptocurrencies, marking a major step towards providing legal clarity for the country’s growing financial technology sector. The …
The Central Bank of Kenya (CBK) has established a Banking Sector Cybersecurity Operations Centre (BS-SOC) to enhance cyber defenses across the country’s financial system. The facility, which will operate under …
The Central Bank of Kenya (CBK) has rejected requests to exempt bank staff loans from its new loan pricing system, insisting that all borrowers must operate under the same rules. …
Diamond Trust Bank (DTB) Kenya has reduced its base lending rate for all Kenya shilling-denominated credit facilities, cutting it by 20 basis points from 14.41% to 14.21%, effective July 1, …
Commercial banks in Kenya are reducing their lending rates, following recent moves by the Central Bank of Kenya (CBK) to ease its monetary policy in an effort to boost private …
The United Kingdom and the United States have emerged as the top destinations for physical cash flown out of Kenya, according to a new report released by the Central Bank …
One of Nigeria’s biggest financial institutions, Zenith Bank Plc, has started discussions to buy a mid-level Kenyan bank, as part of its expansion strategy into East Africa. This planned move, …
KCB Group’s Chief Executive Officer, Mr Paul Russo, has been elected as the new Chairman of the Kenya Bankers Association (KBA), the umbrella body that represents all commercial banks in …
The Competition Authority of Kenya (CAK) has approved a planned acquisition by U.S.-based fintech company, Moniepoint Inc., which aims to acquire a controlling 78% stake in Sumac Microfinance Bank Limited. …
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 …