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Kenyan banks tighten oversight of outsourced tech firms amid cyber risk concerns

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.

By Maureen Kinyanjui 8 Aug 2025

Borrowers get little relief as banks cut lending rates by just 1%

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.

By Maureen Kinyanjui 7 Aug 2025