Bank of Kenya (CBK) has approved the liquidation of Charterhouse Bank Limited
statement issued on Friday, CBK said it had subsequently appointed the Kenya
Deposit Insurance Corporation (KDIC) as a liquidator of Charterhouse Bank,
which is the second bank to be placed under liquidation in three
The Central Bank of Kenya (CBK) has extended the list of third
party Credit Information Providers (CIP) to 1,994 institutions, which will see
more data, provided to Kenya’s Credit Reference Bureaus (CRBs).
This means that CRBs will now collaborate with third party
institutions to provide credit history of borrowers
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
Hope for cheaper loans to Kenyans received a further boost on Monday when Central Bank of Kenya’s (CBK) Monetary Policy Committee (MPC) lowered the lending rate to 8.25 percent from 8.50 percent.
This is the second consecutive time the benchmark lending
rate has been lowered since the
remittance inflows to Kenya increased to 25 billion shillings in December 2019 up
from nearly Ksh22 billion in November.
cumulative inflows from Kenyans living abroad in 2019 increased to Ksh282
billion, compared to Ksh272 billion shillings in 2018, reflecting a growth of
The Kenyan shilling was firm on Monday with inflows from
diaspora remittances meeting dollar demand from merchant importers and the
energy sector, traders said.
On Monday morning, commercial banks quoted the shilling at 101.50/70 per dollar, compared with 101.60/80 at Friday’s close.
Report by Reuters
Safaricom is considering lowering the customer charges on
its M-Pesa, M-Shwari and Fuliza amid pressure from the government to curb
unregulated digital lending platforms who charge Kenyans exorbitant monthly
According to the operator’s acting CEO Michael Joseph, rates
will be lowered to ease access of their products, a plan
Repealing of interest rate cap in the country has culminated into a warning by Central Bank of Kenya (CBK) on low returns to bank owners.
Speaking during the launch of the International Monetary Fund (IMF) on regional outlook for Sub-Saharan Africa on October 28, CBK Governor