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
Kenyans will continue enjoying the mobile money transaction fee waiver that was put in place on March 16 to cushion individuals from the effects of Coronavirus.
This means there will be no charge on transaction of monies
not exceeding KSh.1,000 while the current tariff for transactions above
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
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
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