Central Bank of Kenya
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Markets
Treasury taps a mere Ksh.15 billion from October Bonds against Ksh.40 billion auctioned
The National Treasury managed to tap a mere Ksh.15.1 billion from the October Bonds against a Ksh.40 billion auction that…
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Finance
What you need to know about central banks raising benchmark lending rates
Central Banks in both developed and emerging economies are raising their benchmark lending rates amidst the high cost of living…
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Economy
Mobile lenders to inform borrowers of listing with CRBs month prior
Digital lenders are now required to notify loan defaulters a month prior, before presenting their names to the Credit Reference…
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News
Hotel bed occupancy rates increase to 57%
A survey by the Central Bank of Kenya has shown a two-year high of 57 percent in March for hotel…
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Economy
Explainer; What a weak and strong shilling means for Kenyan economy
The Kenyan Shilling has retained its vulnerability against the United States Dollar at a low of 114.8 units, signaling a…
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Economy
Why banks are phasing out use of cheques
Cheque volumes and values have continued to fail as individuals and businesses make greater use of electronic payment instruments, particularly…
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Economy
CBK to tame mobile rate transactions in fresh reforms
The Central Bank of Kenya (CBK) has formulated a set of principles that will help govern costs which come with…
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Economy
Kenyans moved over Ksh.6 trillion via phones in 11 months to November 2021
Kenyans made mobile money transactions totaling Ksh.6.24 trillion between January to November 2021, the Central Bank of Kenya has revealed…
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Economy
What you need to know about mobile lenders being regulated by CBK
Moving forward, it will now be illegal for a mobile lender, legally identified as Digital Credit Providers (DCP) to make…
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Business
CBK approves CBA, NIC merger effective October 1
The Central Bank of Kenya (CBK) has approved the merger of Commercial Bank of Africa (CBA) and NIC Group PLC…
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