Hard truths.
According to the published rates, the US dollar (USD) is trading at Sh 129.2400, reflecting the continued demand for the greenback in Kenya’s import-driven economy.
Nyaoga will succeed Charles Muchene, whose tenure as director and board chairman concludes on September 30 after serving the lender for nine years.
The move aims to reshape the country’s booming and controversial mobile lending industry.
The platform will include a user-friendly interface, a retail depository, and streamlined payment and settlement systems.
With the latest approvals, the number of regulated digital credit providers (DCPs) now stands at 153.
Data from the Central Bank of Kenya (CBK) shows the amount rose by 5.58 percent from Sh86.99 billion in 2023, marking the fifth consecutive year of growth in remittances sent out of the country.
The data reveals that in July, 53 per cent of firms funded their operations through banks and private equity, up from 38.7 per cent in May, making it the highest level of reliance in 15 months.
The bank’s core capital stands at Sh1.49 billion against the CBK requirement of Sh3 billion by December and Sh10 billion by 2029.
In a statement issued on Tuesday, August 26, 2025, the CBK said the reopened bonds are FXD1/2018/020, FXD1/2022/025, and SDB1/2011/030.
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.
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
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