In the wake of coronavirus pandemic, more
Kenyans have opted to go digital as data reveals that 61 percent of mobile
money transactions are being conducted over mobile phones against branch
The data, which was revealed by the Central
Bank of Kenya’s (CBK) Governor Dr Patrick Njoroge , indicated
NCBA bank has shut down 14 of its branches in the country in
a post-merger deal to blend its operations.
This is after the Central Bank of Kenya (CBK) approved the
merger of Commercial Bank of Africa (CBA) and NIC Group PLC on September 30,
2019, giving birth to
Three quarters of all small and medium enterprises (SMEs)
which accounts to 75 percent are likely to collapse as the country fights to
survive through the coronavirus pandemic.
The SMEs according to Central Bank of Kenya (CBK) are likely
to head that route by end of June as due
The Central Bank of Kenya (CBK) is mulling to switch
Treasury bill (T-bill) investors to bonds on the back of the pressure brought
about by the coronavirus pandemic.
According to the regulator, the decision is being advised by a view to provide relief to exchequer upcoming redemptions on
The Central Bank of Kenya (CBK) Governor Dr. Patrick Njoroge warned digital lenders in Kenya that there was no room to self-regulate.
During a press briefing at the CBK building on Thursday, Dr. Njoroge said digital lenders who are not ready to be regulated should exit
The Central Bank of Kenya (CBK) has once again cut the
benchmark lending rate to 7 percent from 7.25 percent in March to support
liquidity in the wake of the new coronavirus which has continued to weaken the
The Monetary Policy Committee (MPC) held a meeting on
Hope for more relief at fuel pumps this month rose a
notch higher as the price of Murban crude oil, a commodity which Kenyan
petroleum products are refined from, declined by 6.2 percent last week.
According to the Central Bank of Kenya (CBK), the
price of Murban crude dropped
The Central Bank of Kenya (CBK) Governor Dr. Patrick Njoroge has released Ksh7.4billion to the Government's Consolidated Fund to support the government in the fight against Coronavirus (COVID-19).
The money was gained from the mop-up of the old Ksh. 1000 banknotes during the demonetization process which
The Kenyan shilling edged up on Thursday as demand for
dollars from importers remained subdued, traders said.
Commercial banks quoted the shilling at 100.80/101.00 per
dollar, compared with 100.95/101.15 at Wednesday's close.
Central Bank of Kenya (CBK) Governor Dr. Parick Njoroge is now calling for all commercial banks to apply a uniform lending model which will enable assessment of eligibility of borrower to access credit.
In the wake of the toppling economy, alongside a hard cry by Kenyans