The Central Bank of Kenya (CBK) has announced the issuance and implementation of the Kenya QR Standard 2023 (KE-QR Code Standard 2023), which will guide how Payment Service Providers and…

Kenyan migrant women are powerful agents of change who positively contribute to the Kenyan economy and their countries of transit and destination. They bring diverse talent and expertise in the…

Central Bank of Kenya has said that digital lenders that fail to meet strict customer protection rules introduced under Digital Credit Providers Regulations, 2021 will not be allowed to operate…

Safaricom will soon come for your property for defaulting loans acquired through the telcos credit products; Fuliza, M-Shwari, KCB-Mpesa, and the latest product Faraja. Faraja was recently launched by Safaricom…

The Central Bank of Kenya (CBK) has announced the resumption of charges for transactions above Ksh.100 effected through bank-specific (in-house) mobile money wallets that are closely linked to the Savings…

When President Uhuru Kenyatta appeared to give his first address regarding the COVID-19 pandemic in the country, he directed telco companies to explore ways of deepening mobile money usage to…

The Central Bank of Kenya (CBK) has announced that Kenya shillings 1000 will be the new minimum threshold for negative credit information that lenders will submit to the Credit Reference…

KCB Group’s proposal to acquire 100% of the issued ordinary shares of National Bank has been approved by the lender’s shareholders. This approval follows the offer made by KCB Group…

KCB will inherit Imperial bank without paying premium after a period of receivership under the supervision of Central Bank Of Kenya. According to reports, KCB will pay Sh10 to acquire…

Equity’s Fintech innovation and digitization have powered rapid growth of Diaspora banking boosting the total revenue income by 38%. Diaspora transaction volumes grew by 196% to Kshs 107 Billion while…

The push by Kenyan legislators to relax Anti-Money laundering laws will attract increased international scrutiny, heightened financial pressure or even see Kenya’s banking sector cut off from the global financial…

Kenya is looking at 6.3% GDP growth in 2019 CBA has stated. This will be a climb from the current 5.7 % GDP growth leaving a gap of 0.6% GDP…

KCB Bank Kenya Limited has completed its assignment as the Kenya Deposit Insurance Corporation appointed receiver manager in Chase Bank Ltd marking the first ever full resolution of a local…

Kenyan bank notes will get a new coat of varnish to reduce wear and tear and prolong their life in circulation. British printer De La Rue, which mints Kenyan currency…

Investor portfolio inflows coupled with exporter inflows offset corporate demand for the dollar powering the Kenyan shilling to an 11-month high on Tuesday. According to data, the shilling touched 102.45…

Central Bank of Kenya has opened bids for the tender of printing after Petitioners accused CBK of unlawfully restricting process to foreign entities. The new currency will be printed in…

Fees and commissions saw KCB Group’s total non-interest income read at Ksh 17.5 billion an increase of 18.4% against the same period in 2016. The financial institution posted a pre-tax…

The government is looking to plan its cash flows better and possibly reduce borrowing through overdrafts and other short term treasury securities. This, will be under regulations provided for by…

Kenyan banks are, in two months, expected to compile and file detailed reports with the Central Bank of Kenya (CBK) on their approaches to tackle threats to cyber security. The…

Kenya Bankers Association (KBA) has appointment the management team that will run its fully-owned mobile banking and payments technology subsidiary, Integrated Payments Services Ltd. (IPSL). Ms Jennifer Theuri will serve…

Preference in the fixed income market for the past week was skewed towards short-term paper. The overall subscription came in at 76.6%, compared to 82.5% recorded the previous week. The…

The CBK Weekly Report revealed that the interbank rate increased by 80 bps to 8.3%, from 7.5% registered the previous week, a reflection of the skewed liquidity distribution in the…

The government has once again postponed the launch of the much awaited 5-year mobile-phone based bond, named M-Akiba bond. The product aims to encourage individuals to purchase government securities for…

The Monetary Policy Committee (MPC) of the Central Bank of Kenya has  reviewed the outcome of its previous policy decisions and the recent economic developments. The meeting held against the…

A treasury bill is a short-term borrowing instrument issued by the Government through the Central bank of Kenya (the fiscal agent) to raise money on short term basis – for…

The following are instructions on how and when to invest on Government Treasury Bills: Any potential investor MUST have an active and updated CDS account at Central Bank of Kenya. 91-,…

In an earlier article we had informed you that the Central Bank of Kenya (CBK) Governor Patrick Njoroge had come out clear and declared that the Central Bank Rate (CBR)…

Which is the base rate that commercial banks are supposed to use to price their loans? Is it the Central Bank Rate (CBR), now at 10.5 percent, or the Kenya…

After waiting for close to a year now the mobile-traded government security, M-Akiba, will launch in a month’s time, that is, October 2016. According to the Business Daily the following…