Central Bank of Kenya

Idle funds, stalled roads: MPs raise red flags on Treasury action

PS Mbugua told the committee that the Roads Annuity Oversight Committee is responsible for approving all disbursements from the Fund.

CBK lifts ban on new banks, sets Sh10bn capital requirement

"The lifting of the licensing suspension reflects substantial progress in fortifying Kenya's banking regulatory framework," CBK stated.

Employees to pay lower taxes on welfare loans after KRA review

The tax, which applies to welfare benefits such as low-interest loans provided by employers, has now been pegged at its lowest level since January 2023.

Banks face daily penalties from CBK over unchanged loan rates

CBK Governor Kamau Thugge revealed that inspections of commercial banks began in February, with 13 banks already reviewed.

Kenyan banks post record profits amid 2024 economic challenges

The success of these financial institutions was largely driven by their ability to manage operations efficiently, with KCB Group leading the pack.

Banks slow to adjust rates after CBK’s order

CBK initiates crackdown on banks over high lending rates

Banks increase loan margins as deposit rates fall

Kenyan traders struggle as export sales to Africa drop

Kenyans abroad sent home Sh5.8 billion less in February