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CBK backs inflation, shilling stability to deliver 5.7pc growth

The Central Bank of Kenya (CBK) projects the economy to register a 5.7pc growth this year on the backdrop of higher output from agriculture...

European Investment Bank partners with CBK to unlock climate finance

The European Investment Bank and the Central Bank of Kenya on Wednesday launched a new climate finance best practice initiative to strengthen engagement by...

CBK upbeat the economy will grow 5.5pc this year

Kenya's economy is projected to expand 5.5pc this year and a further 6pc next year supported by a rebound in agriculture sector and resilience...

CBK warns remittance service providers operating without license

The Central Bank of Kenya (CBK) is threatening to take legal action against individuals and firms providing money remittance services and payment services without...

CBK committed to greening Kenya’s financial sector

The Central Bank of Kenya (CBK) has urged financial sector players to implement the guidance on climate-related risk management. The guidance issued to commercial banks...

Kenya seeks $1B budgetary support from multilateral lenders

Kenya plans to borrow up to Ksh 148.5 billion ($1B) from international lenders before the end of this year to finance FY2023/24 budget. Central Bank...

CBK signals forex market stability by year end

The Central Bank of Kenya (CBK) expects new dollar inflows from two development banks and diaspora remittances to ease pressure on the local currency...

Personal expenses drive Hustler Fund uptake – Survey

A survey conducted by the Central Bank of Kenya (CBK) has revealed that Kenyans have turned to Hustler Fund to meet household needs amid...

CBK allows Safaricom to increase daily transaction limits to Ksh 500,000

Safaricom is set to increase M-PESA account limits to Ksh 500,000 following approval from the Central Bank of Kenya. The higher account limit will be...

CBK unperturbed by VAT hike on fuel, predicts growth above 5pc

The Central Bank of Kenya (CBK) new governor Dr Kamau Thugge projects inflation rate to subside to within medium term target by end of...