Business
Hotels, farms drive new hiring as other sectors struggle- CBK
According to the July Market Perceptions Survey, 20 percent of agricultural firms expressed strong plans to add more workers this year, up from 16 percent in May.
CBK
Business
CBK to suspend real-time transactions for system upgrade
The temporary shutdown means businesses, contractors, and individuals who fail to clear payments before the set deadline will have to wait for three days before the services are restored
Business
Petrol and kerosene prices cut by Sh1 as diesel stays unchanged
EPRA said the new rates, which apply from August 15 to September 14, 2025, were calculated in line with Section 101(y) of the Petroleum Act, 2019
Business
Kenya shilling holds steady at Sh129 despite global pressures
CBK Governor Kamau Thugge credited the currency’s resilience to steady and diverse foreign exchange inflows, better investor confidence, and sound economic management
News
AI adoption drives 5.5pc drop in bank clerical jobs
CBK attributes the shift to automation, with half of the banks now reporting the use of AI in their operations
Business
CBK fines 11 banks for breaking lending and capital rules
Three banks were also penalised for allowing an individual to own more than 25 per cent of the institution, in violation of Section 13 of the Banking Act.
News
Kenyan banks tighten oversight of outsourced tech firms amid cyber risk concerns
According to the CBK, financial institutions are moving away from one-off evaluations and adopting continuous oversight frameworks that match evolving risk priorities and technological changes.
Business
Borrowers get little relief as banks cut lending rates by just 1%
A review of industry-wide data by the Central Bank of Kenya (CBK) shows that the overall weighted average lending rate across 38 banks dropped to 15.78 percent in June 2025, down from 16.81 percent in July 2024.
Business
CBK begins first-ever household remittance survey to shape future policy
The survey, which will run between July and September 2025, is being conducted in collaboration with the Kenya National Bureau of Statistics and Financial Sector Deepening Kenya.
News
CBK issues final call for infrastructure bond investment ahead of August 13 deadline
The offer features two reopened amortized infrastructure bonds designed to fund key development projects
Business
CBK lacks power to act on counties’ illegal bank accounts
A recent report by Controller of Budget revealed that county governments more than doubled their commercial bank accounts within a year, reaching 3,431 accounts by March 2025 after opening 1,763 new ones.
News
Ruto nominates Pius Angasa to CBK board, Parliament to vet
The vetting process for such appointments typically takes 28 days. Once completed, the final recommendation is presented to the President for formal appointment.