Topic: Central Bank of Kenya
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CECILIA MAKAU: Bancassurance is driving insurance uptake among SMEs
Apr 24, 2025 at 05:54 PM
Kenyan banks have in recent years ramped up their insurance product offerings as the country pushes to lift uptake beyond 2.3 per cent....
CBK seeks public input on new credit pricing model to reform lending rates
Apr 23, 2025 at 03:41 PM
The Central Bank of Kenya (CBK) has invited public comments on a proposed revision to the Risk-Based Credit Pricing Model, aiming to enhance transparency and ensure lending rates r...
CBK lifts decade-long moratorium on licencing of new commercial banks
Apr 16, 2025 at 07:57 PM
New commercial banks will once again be able to establish their presence in Kenya starting July 1, 2025, following a decision by the Central Bank of Kenya (CBK) to lift the morator...
KCB becomes first bank to act on CBK order, cuts lending rate to 13.85 per cent
Apr 10, 2025 at 03:33 PM
KCB Bank has taken the lead among Kenyan lenders by lowering its base lending rate from 14.6 per cent to 13.85 per cent per annum, becoming the first financial institution to respo...
CBK cuts benchmark rate by 75 basis points to 10 per cent, lowest since 2023
Apr 09, 2025 at 07:04 PM
The Central Bank of Kenya (CBK) has cut the benchmark interest rate by 75 basis points to 10.00 per cent—its lowest level since May 2023—as part of efforts to stimulate bank le...
Thugge downplays impact of Trump's proposed tariff hike on Kenya's exports
Apr 09, 2025 at 04:15 PM
Central Bank of Kenya (CBK) Governor Kamau Thugge has sought to alleviate concerns over the proposed 10 per cent tariff hike on Kenyan exports to the United States, stressing that ...
All banks will be compelled to disclose climate risks under new CBK regulations
Apr 07, 2025 at 09:56 PM
The Central Bank of Kenya (CBK) has given banks and mortgage finance firms 18 months to begin the mandatory disclosure of climate-related financial exposure linked to the individua...
Banks still dragging feet on cutting high lending rates face tough CBK penalties
Mar 26, 2025 at 06:03 PM
The Central Bank of Kenya (CBK) has warned commercial banks against keeping lending rates high despite the recent reduction of the Central Bank Rate (CBR) to 10.75 per cent....
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DTB to increase lending to individuals, SMEs to back Kenya economic stability
Feb 20, 2025 at 11:01 PM
Diamond Trust Bank (DTB) is setting its sights on increased lending to individuals and small businesses, banking on Kenya’s economic stability to drive growth....
Kenya’s new banknotes earn global award for security and innovation
Feb 17, 2025 at 10:43 AM
Kenya’s newly redesigned banknotes have received international recognition for their advanced security features, with the Central Bank of Kenya (CBK) securing the prestigious “...
NCBA, other banks cut lending rates to a four-month low amid pressure from CBK
Feb 14, 2025 at 10:19 AM
Kenyan borrowers are set to benefit from lower interest rates after most commercial banks slashed their lending rates to a four-month low....
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Equity Bank slashes lending rates again after CBK latest monetary policy review
Feb 12, 2025 at 08:55 PM
Equity Bank Kenya has announced a reduction in interest rates on all Kenya Shilling-denominated loans, both new and existing, in response to the Central Bank of Kenya’s (CBK) lat...
Court bars unlicensed digital lenders from seeking legal redress over debt
Feb 11, 2025 at 01:07 PM
Entities operating digital lending businesses without a Central Bank of Kenya (CBK) licence will no longer have access to legal redress, following a ruling by the Milimani Small Cl...
CBK cuts CRB lending rate to 10.75 per cent in bid to spur economic growth
Feb 06, 2025 at 12:37 AM
The Monetary Policy Committee (MPC) of the Central Bank of Kenya (CBK) has announced a reduction in the Central Bank Rate (CBR) by 50 basis points, lowering it to 10.75 per cent fr...
Kenya’s mobile money transactions fall for second year due to economic strain
Feb 04, 2025 at 01:15 PM
Kenya’s mobile money transactions dropped for the second consecutive year in 2024, with Kenyans moving Sh6.59 trillion, marking a 17 per cent decline from $61.5 billion transacte...
Fitch Ratings maintains Kenya's 'B-' rating despite economic hurdles
Feb 03, 2025 at 12:33 PM
Fitch Ratings has maintained Kenya’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B-' with a stable outlook, signalling some positive economic prospects despite ong...
Kenya Bankers Association calls for CBK to lower CBR to boost credit access
Jan 30, 2025 at 08:37 PM
The Kenya Bankers Association (KBA) has called on the Central Bank of Kenya (CBK) to lower the Central Bank Rate (CBR) to ease access to credit and support economic growth, citing ...
Safaricom and Kenya banks criticise CBK's Sh25.9 billion fast payment plan
Jan 27, 2025 at 11:21 AM
A simmering debate has erupted between the Central Bank of Kenya (CBK) and two key players in the country’s financial ecosystem—Safaricom and the Kenya Bankers Association (KBA...
Moody's reviews Kenya's Caa1 outlook to 'positive' projecting liquidity risks easing
Jan 24, 2025 at 09:48 PM
Kenya's fiscal and economic landscape has received a boost after Moody's Ratings revised the country's outlook to positive from negative while maintaining its Caa1 rating for long-...
Private sector lending slows to 4 per cent amid currency woes, CBK report shows
Jan 14, 2025 at 10:25 AM
Private sector credit growth in Kenya dropped sharply to 4 per cent in the 2023/24 financial year, totalling Sh3.8 trillion, a stark contrast to the 12.2 per cent recorded in the p...
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