September 14, 2023
Kenya: National Assembly Okays Musangi Nomination as CBK Board Chairperson
The National Assembly has approved the nomination and subsequent approval by the Joint National Assembly and Senate Finance Committee of Andrew Musangi to the next chairperson of… Read more »
September 13, 2023
Kenya: CBK Chairperson Nominee Andrew Musangi Vows to Enhance CBK Scrutiny
The nominee for the Chairperson for the Central Bank of Kenya Andrew Musangi has recommended the oversight and scrutiny of the Central Bank of Kenya especially when it comes to… Read more »
September 12, 2023
Kenya: Musangi Puts Net Worth at Sh1.2 Billion With Portfolios in Real Estate, Stock Market
Central Bank of Kenya (CBK) Board Chairperson nominee Andrew Musangi has reported his net worth at Sh1.2bn with portfolios in real estate, the stock exchange and bonds. Read more »
September 06, 2023
Kenya: Absa Bank Kenya to Finance Home Acquisitions With Unity Homes
Absa Bank Kenya has entered into an agreement with the affordable home developer Unity Homes to finance unit acquisitions in Tatu City, Kiambu County. Read more »
August 29, 2023
Kenya: Victoria Commercial Bank Refutes Claims of Its CEO's Arrest Over Links With Rai
Victoria Commercial Bank (VCB) has refuted claims that its chief executive officer, Yogesh Pattni, was arrested by the Anti-Banking Fraud Unit, describing the statement as… Read more »
August 17, 2023
Kenya: President Ruto Nominates Andrew Musangi to Central Bank of Kenya Chairman's Post
President William Ruto has nominated lawyer Andrew Musangi to be the next Central Bank of Kenya Chairperson. Read more »
August 15, 2023
Kenya: Airtel Money Nearly Doubles Daily Transaction Limit to Sh500,000
Airtel Money users will now be able to send up to Sh500,000 using their accounts after the mobile money company got regulatory approval from the Central Bank of Kenya (CBK) to… Read more »
August 14, 2023
Kenya: KCB Gets Sh1 Billion to Guarantee SME Loans
KCB Bank Kenya and the Swedish International Development Cooperation Agency (SIDA) have signed an agreement to insure loans issued to small businesses to the tune of Sh1 billion. Read more »
August 07, 2023
Kenya: Banks Set to Hire More Kenyans as Entry-Level Monthly Pay Cut By Sh32,000
Kenyan banks are set to hire more staff after the monthly minimum wage for entry-level positions was reduced by Sh32,000. Read more »
August 02, 2023
Kenya: 39 Kenyan Banks Contribute Sh181.27 Billion in Taxes to Govt
A total of 39 banks in Kenya paid Sh181.27 billion in taxes to the Government in 2022, despite tough economic challenges. Read more »
Kenya: How Government Institutions, Central Banks, Regulators Can Leverage on RegTech to Get Actionable Information
Demand for data has been growing among Government institutions, Central Banks, regulators and revenue authorities as they seek to get crucial data. Read more »
July 19, 2023
Kenya: Cash Withdrawals Set to Rise to Sh2 Million After Cabinet Approval
You will soon be able to withdraw or deposit up to Sh2 million without a question at the bank following a new Cabinet approval. Read more »
July 17, 2023
Kenya: Equity Hosts Kenya, DRC Investors Ahead of Trade Missions
Equity Group Holdings hosted a delegation of investors from Kenya and the Democratic Republic of the Congo (DRC) ahead of trade missions. Read more »
July 14, 2023
Africa: Continent Must Support African Export-Import Bank - President Ruto
President William Ruto has asked Africa to support the African Export-Import Bank. Read more »
July 12, 2023
Kenya: Expensive Loans for Kenyans as Banks Increase Lending Rates
More banks are increasing their lending rates to match a similar hike by the Central Bank of Kenya (CBK). Read more »
July 10, 2023
Kenya: DIB Bank Kenya Plans to Bolster Trade Between Kenya and UAE
DIB Bank Kenya seeks to double support for small and medium-sized enterprises (SMEs). Read more »
Kenya: NCBA to Increase Lending Rate to 13% After CBK Hiked Base Rate
NCBA Bank has increased its base lending rate to 13 percent after the Central Bank of Kenya (CBK) late last month hiked base rate to contain inflation. Read more »
July 05, 2023
Kenya: KCB Partners With Unitar to Provide Cheap Green Loans for e-Mobility
KCB has partnered with the United Nations Institute for Training and Research (UNITAR) to provide green loans to boda boda and tuk tuk riders. Read more »
Kenya: Visa Takes Lead in Revolutionizing Payments in Kenya
Visa, the global leader in digital payments, is reshaping the payment landscape in Kenya by introducing new contactless solutions. Read more »
July 04, 2023
Somalia: Mastercard, Sombank to Launch Debit Card in Somalia
Global payment platform Mastercard has partnered with SomBank, an innovative financial institution in Somalia, to promote digital payment solutions. Read more »
July 03, 2023
Kenya: Absa Bank Introduces 'Buy Now, Pay Later' Feature for Cardholders
Absa Bank Kenya customers with card will now be able to pay for good in bits after the lender introduced a new feature dubbed 'Buy Now, Pay Later (BNPL)'. Read more »
June 26, 2023
Kenya: Businesses, Individuals to Pay More for Loans as MPC Raises Base Lending Rate to 10.5%
The Central Bank of Kenya (CBK has increased the base lending rate to 10.5 percent to curb inflations, signaling costly loans for individuals and businesses. Read more »
Kenya: Absa Partners With Visa to Provide SMEs Digital Payment Solution
Absa Bank Kenya has partnered with Visa to provide small and medium-sized enterprises (SMEs) with digital payment solutions. Read more »
June 23, 2023
Kenya: KCB Signs African Cross-Border Payment Deal to Support Customers
KCB Group has entered into a deal with a pan-African payment platform to facilitate settlements of cross-border transactions on the continent. Read more »
June 22, 2023
Kenya: KCB, Visa Roll Out Tap-to-Pay Services
KCB Bank customers with Android and Garmin wearables will now be able to make contactless payment transactions, reducing purchasing time. Read more »