The Central Bank of Kenya (CBK) increased its benchmark lending rate by one percentage point on Monday, bringing it to 10.5 percent, potentially raising the cost...
Former Treasury Principal Secretary Kamau Thugge has been appointed the new Governor of the Central Bank of Kenya (CBK) by President William Ruto. Patrick Njoroge, who...
Following the receipt of a Sh139.3 billion ($1 billion) World Bank loan, Kenya’s foreign exchange reserves have increased above the necessary level of four months of...
Patrick Njoroge, the departing governor of the Central Bank of Kenya (CBK), has cautioned that the government will have a difficult time meeting its borrowing goals...
The Central Bank of Kenya (CBK) initially blocked the product that is anticipated to upend the mobile loans market but has now approved a Safaricom-backed zero-interest...
Kenya has postponed the Central Bank Digital Currency’s adoption because it believes alternative cutting-edge solutions may be able to continue to address the existing payment-related problems....
Today, Absa Bank Kenya and the International Trade Centre (ITC) signed a memorandum of understanding to host the ITC SheTrades Kenya Hub for an additional two...
As risks increase globally, Kenya is not “in a hurry” to implement cryptocurrency payments, according to the Central Bank of Kenya (CBK). The adoption of a...
Due to their limited resources and the rising cost of living, Kenyan borrowers are finding it difficult to pay their credit obligations. According to the most...
As part of its enforcement of laws against unlicensed lenders, Google has deleted Kenya loan apps from the Play Store. This follows a regulation that came...