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