Shilling weak streak against US dollar continues
The Kenyan shilling continues to depreciate against major global currencies trading at an all-time high of 117.57 shillings against the US dollar. The Kenyan currency has...
Central Bank of Kenya (CBK)
Monthly remittance inflows down 4.4pc in May to Ksh 39B
Kenyans living abroad sent home Ksh 39.4 billion ($339.7 million) last month compared to Ksh 41.2 billion ($355 million) sent in April 2022 as remittance...
IMF backs CBDC but urges African central banks to prioritize privacy
The International Monetary Fund (IMF) has called on African central banks targeting to issue digital currencies to be keen on user privacy as it backs...
CBK suspends Ecobank Kenya from forex trading for a week
The Central Bank of Kenya (CBK) has temporarily barred Ecobank Kenya Limited from foreign exchange trade over unsafe trading practices and breach to forex guidelines....
CBK keeps benchmark lending rate unchanged at 7pc
The Central Bank of Kenya (CBK) has retained the benchmark lending rate at 7% as has been the case since April 2020, meaning the cost of...
Wakanda completes 85pc shareholding acquisition of Choice MFB
Wakanda Network Limited has completed the acquisition of 85% shareholding of Choice Microfinance Bank Limited effective October 22, 2021. CBK had approved the transaction on...
Imperial Bank set to wind up as CBK okays liquidation
The Central Bank of Kenya (CBK) has approved the liquidation of Imperial Bank Limited that has been under receivership since 2015, citing a weak financial...
CBK suspends listing of borrowers with loans below Kshs 5M
You are unlikely to get a loan from a bank in the coming days following a directive by the central bank to commercial banks to...
CBK Monetary Policy Committee holds benchmark rate at 7%
The Central Bank of Kenya (CBK) has kept the benchmark rate at 7% citing inflation which remains within target range and the economy which is...
CBK want hold of digital lenders in push to regulate sector
The Central Bank of Kenya (CBK) has urged the National Assembly to pass the proposed CBK Amendment Bill 2020 that seeks to regulate digital lenders...