Business
CBK flags digital lenders as weak spot in dirty money fight
Only 35 percent of the digital lenders are carrying out enhanced due diligence, a critical process for identifying risky customers and transactions.
CBK
Business
Interest rates cut as CBK targets cheaper credit and economic growth
The Monetary Policy Committee (MPC) said the decision was aimed at encouraging more borrowing by the private sector to stimulate economic activity. However, while borrowing is becoming cheaper, returns on savin...
Business
CBK extends electronic payment system operating hours on weekdays
The move is expected to ease early and late-day payment processing for institutions and businesses handling large or time-sensitive transactions.
Business
Job cuts hit manufacturing and services sectors as demand shrinks
The CBK survey, which captures views from senior leaders in private sector organisations such as the Kenya Association of Manufacturers, Kenya National Chamber of Commerce and Industry, and the Kenya Private Se...
Business
Banks reject CBK’s proposal to use Central Bank rate for credit pricing
The Kenya Bankers Association (KBA) warns that such a move would effectively introduce interest rate caps.
Business
Banks push back against CBK’s new lending rate guidelines
"CBK proposes the use of the policy rate (Central Bank Rate) as the common reference rate for determining lending rates in the Kenyan banking sector.
Business
Prices of essential goods expected to rise in April- CBK report
Although prices are expected to stabilize after the initial surge, a significant number of farmers voiced concerns about the growing influence of middlemen and brokers in the supply chain.
Business
CBK plans major changes to banking fees after 33 years
The Central Bank of Kenya (CBK) has announced plans to revise banking fees, shifting from the current branch-based model to one based on a bank’s annual revenue. The proposed Banking (Fees) Regulations, 2025...