The bank had earlier notified customers that all its services were experiencing intermittent downtime and asked them to bear with its technical team as it worked to restore normal operations
By Chrispho OwuorCounty governments are required to maintain their main bank accounts at the Central Bank of Kenya (CBK). Commercial accounts are allowed for specific purposes, but the County Treasury must first issue written authorisation.
By Maureen KinyanjuiBy December 2025, Kenya had 788,853 deposit accounts holding Sh500,000 or more
By Essy WawiraData contained in the Central Bank of Kenya (CBK) Bank Supervision Annual Report 2025 shows that 788,853 deposit accounts had balances of Sh500,000 or more by December last year.
By Maureen KinyanjuiThe proposed requirement is contained in the National Payment System Bill, 2026, prepared by the National Treasury and the Central Bank of Kenya (CBK) as the two institutions seek to replace the existing payments law with a broader framework for the sector.
By Maureen KinyanjuiAccording to the President, the Government and the Central Bank were forced to tighten monetary policy and introduce fiscal measures in response to those challenges.
By Maureen KinyanjuiThe President the push for closer cooperation among African central banks has been under way for decades, with African leaders beginning efforts towards greater coordination in 1963.
By Maureen KinyanjuiThe former chairman of the National Assembly Budget and Appropriations Committee, said the latest move by the United States Federal Reserve could add to the financial pressure facing the country.
By Maureen KinyanjuiAbout 220 million migrants and members of the diaspora are estimated to support 1.1 billion relatives through remittances, making the funds an important source of income for families across developing countries.
By Chrispho OwuorFigures from the Kenya Motor Industry Association (KMIA) show that 9,757 vehicles had been sold between January and July 2026. Isuzu East Africa remained firmly ahead of its competitors, accounting for almost half of the total market.
By Maureen KinyanjuiAt the international level, the Islamic Financial Services Board has also placed Sharia governance at the centre of confidence and financial stability in the sector. In 2025, it adopted principles aimed at strengthening supervisory oversight of Sharia governance across Islamic banks, takaful institutions and Islamic capital-market institutions
By Chrispho OwuorSpeaking at the Islamic Finance Forum and Dialogue Conference 2026 at the Radisson Blu Arboretum in Nairobi on Thursday, Sheikh Rashid called for reforms to create a stronger legal and regulatory environment for Sharia-compliant financial services
By Chrispho OwuorThe latest industry projections point to continued expansion, with the 2025 Islamic Finance Development Report estimating total Islamic finance assets at about Sh557.28 trillion in 2024 and projecting further growth towards 2029. The report also notes that Islamic banking is expanding in sub-Saharan Africa, with Islamic banks and banking windows operating across numerous markets
By Chrispho OwuorThe strong performance by equities comes against a backdrop of relatively stable monetary conditions in Kenya
By Chrispho OwuorIslamic Finance is based on Shariah, or Islamic law, and differs from conventional banking through principles including the prohibition of interest, restrictions on speculative or excessively uncertain transactions and limits on investment in prohibited activities
By Chrispho OwuorThe rise in lending has come alongside a steady fall in the rates charged by commercial banks. The average lending rate dropped to 14.3 percent in July from 14.4 percent a month earlier and 17.2 percent in November 2024.
By Bradley BosireThe Monetary Policy Committee said the global economic outlook has weakened, with growth now expected to come in at 3.0 per cent in 2026 compared to 3.5 per cent recorded in 2025.
By Bradley BosireNjoroge, who served as the ninth governor of CBK, was speaking in an interview on Monday, August 10, 2026, as he reflected on the challenges he faced during his tenure. He returned to Kenya after spending about 20 years at the International Monetary Fund (IMF), having previously worked at the Ministry of Finance. His appointment brought him back to a country he said had changed considerably during his long absence.
By Maureen KinyanjuiData from the Central Bank of Kenya (CBK) shows the value of card transactions fell to Sh220.04 billion in the six months to June 2026 from Sh248.8 billion recorded during the same period in 2025. This marks an 11.55 per cent decline in the amount spent through cards.
By Maureen KinyanjuiThe Office of the Controller of Budget is mandated to oversee the implementation of national and county government budgets by authorising withdrawals from public funds. It also prepares statutory reports, publicises its findings and investigates the use of public money either on its own initiative or following complaints from members of the public.
By Samuel OtienoThe regulator also wants the proposed law to retain penalties for institutions that breach anti-money laundering requirements, saying those provisions already exist in the current law but have been left out of the new Bill.
By Bradley BosireThe latest performance marks the biggest January-to-June decline since 2009, when the effects of the 2008 global financial crisis caused remittances to Kenya to fall by 11.4 percent following widespread job losses in advanced economies.
By Maureen KinyanjuiThe National Assembly Finance and National Planning Committee secured the amendments to the Sovereign Wealth Fund Bill, 2026 during debate in the Committee of the Whole House.
By Maureen KinyanjuiThe latest performance echoes the trend seen in 2023 when remittance inflows during the review period fell by 1.8 percent. At the time, rising prices across major economies reduced the amount of disposable income available to migrant workers, limiting the money they could send to relatives back home.
By Maureen KinyanjuiData contained in the Controller of Budget's quarterly report shows that the number of commercial bank accounts operated by counties increased from 6,386 in December 2025 to 6,585 by the end of March 2026.
By Maureen KinyanjuiThe breakdown of transfers shows that those in paid employment received Sh5.06 billion from relatives in Kenya, with Sh2.38 billion in cash and Sh2.67 billion in in-kind support. Students abroad were mainly supported through cash transfers, with very little in-kind assistance recorded.
By Bradley BosireThe survey places diaspora remittances among Kenya’s strongest foreign exchange earners, at times surpassing key traditional export sectors.ey
By Maureen KinyanjuiThe total banking sector loan book also expanded to Sh4.54 trillion in May, compared to Sh4.15 trillion a year earlier. This growth has been supported by a steady decline in borrowing costs, following pressure on banks to lower lending rat
By Maureen KinyanjuiThe Central Bank of Kenya said rising global inflation risks, driven mainly by the conflict in the Middle East, continue to influence domestic price trends and justify keeping the rate unchanged.
By Bradley BosireSome participants also raised objections to taxes on betting winnings, saying such earnings are relied upon by many households as a source of income and should not be further reduced through additional deductions.
By Maureen Kinyanjui