The Central Bank of Kenya (CBK) has been pushing for a risk-based pricing framework to be adopted by the banking sector. As a result, commercial banks can now factor in a borrower's creditworthiness when applying for a new loan, loan top-ups, and during loan restructures.
Njuguna Ndungu, the Treasury Cabinet Secretary Nominee outlined ways through which he will help shrink the ballooning domestic debt.
According to Ndingu, he would explore concessional loan to offset the expensive domestic debt.
Many of Kenya’s debts are commercial and have turned out expensive to repay at
The Central Bank of Kenya (CBK) took issue with remarks made by the Deputy President Rigathi Gachagua over foreign Exchange Reserves shortage in the country.
Speaking to Citizen TV on Sunday evening, Gachagua claimed Kenya was in a dire economic status and that the CBK had
The Central Bank of Kenya (CBK) has paid in dividend, Ksh.4 billion to the Government Consolidated Fund (GCF) under the National Treasury.
The fund, originating from the General Reserve Fund (GRF) was approved by the CBK Board to ensure the regulator is well-resourced to carry out
The Central Bank of Kenya (CBK) raised the benchmark lending rate by 0.75 basis points to 8.25 Thursday for fear of looming inflation.
The move is meant to slam breaks on inflation that soared to its record 8.3 percent from 7.9 in June – the highest
President William Ruto met major financial institution bosses in the country Wednesday, at Norfolk Hotel, Nairobi to chat a new path of lowering the cost of living among millions of Kenyans.
In his speech, the president thanked Safaricom Chief Executive Officer Peter Ndegwa for going out
Beginning September 17, 2022, it will be illegal for mobile lenders, legally identified as Digital Credit Providers (DCP) to make direct contact or send endless messages should a borrower run into default.
It is in line with new draft regulations that were published by the Central
African countries including Kenya are experiencing serious levels of economic distress to maintain relationship in the financial markets like borrowing on manageable terms as policy makers in the developed economies resolve to rapidly raise interest rates.
According to the Central Bank of Kenya (CBK) Governor Dr.
Virtual Pay Internaltion has been granted an operation license to offer financial services in Kenya.
The license from the Central Bank of Kenya (CBK) allows Virtual Pay to offer its payment processing services of merchants, local and international services in the country.
“We are humbled by the
Kenyans are at high risk of losing money through banking fraud owing to mobile banking that has grown from a mere 14 per cent in 2009 to 84 per cent in 2022.
In a report released on August 4, 2022 by the Central Bank of