June 22, 2023
Kenya: Stanbic Bank, CFAO Motors to Offer Buyers 100% Vehicle Financing
Stanbic Bank Kenya customers can now acquire vehicles with up to 100 percent financing from CFAO Motors Kenya. Read more »
June 19, 2023
Kenya: Court Stops Transcentury's Takeover By Equity Bank Over Debt
A court in Nairobi has stopped the takeover of TransCentrury (TC) by Equity Bank over debt. Read more »
Kenya: Thugge Confirmed Central Bank of Kenya 's New Boss
The Central Bank of Kenya (CBK) has confirmed Kamau Thugge as its new Governor. Read more »
June 17, 2023
Kenya: I Dedicate 'Brothers in Arms' Wartime Song to Kenyans, Njoroge Says as He Exits CBK
Outgoing Central of Bank of Kenya Governor Patrick Njoroge has said that he leaves the county's monetary authority with his head high having spearheaded transformative reforms that… Read more »
June 09, 2023
Kenya: High Court Unfreezes Bank Accounts of Judiciary Chief Registrar Amadi
The High Court has unfrozen bank accounts belonging to the Chief Registrar of the Judiciary Anne Amadi. Read more »
June 08, 2023
Kenya: CBK, Bankers Association Roll Out Financial Literacy Campaign to Encourage Saving Culture
The Kenya Bankers Association (KBA) is working with the Central Bank of Kenya (CBK) to encourage a saving culture among Kenyans. Read more »
May 26, 2023
Kenya: IG Koome Meets Retired Police Officers Keen On Medical Cover
Retired police officers are mulling establishing a medical cover to ease challenges many officers face after retirement. Read more »
May 22, 2023
Kenya: Pastor Ezekiel's Church, School Allowed to Access Accounts as Court Declines to Extend Freeze Orders
Members of New Life church and Kilifi international school are now free to access their respective bank accounts after the High Court declined to extend the freeze order. Read more »
May 18, 2023
Kenya: Kenyans Holding Over U.S.$700 in Bank Accounts Rise to 1.9 Million
The number of bank accounts with over Sh100,000 rose by nearly five percent in the 12-month period ending December last year, a new survey shows. Read more »
April 18, 2023
Kenya: Kenyan Payment, Commerce Startups to Compete At Visa's Competition
Kenyan payment and commerce startups can now apply for funding after the launch of the Visa Everywhere Initiative (VEI) by Visa, a global digital payment platform. Read more »
April 14, 2023
Kenya: Employers to Pay 9.5pc Penalties for Late Disbursement of NHIF Deductions
The National Hospital Insurance Fund (NHIF) has warned employers who submit their employees' monthly deductions late that they will be liable for a 9.5 percent penalties. Read more »
Kenya: Standard Chartered Unveils Sh60mn Fund to Support Women Entrepreneurs
Standard Chartered Kenya in partnership with Somo Africa has unveiled a Sh60 million 'Access to Finance Programme' that will support disadvantaged women by giving them access to… Read more »
April 03, 2023
Kenya: Pain for Borrowers as Banks Raise Cost of Getting Loans
Borrowers are set to pay more after the Central Bank of Kenya (CBK) increased its base lending rate. Read more »
March 28, 2023
Kenya: Kenyans Call for More Innovation in International Money Transfer Services
Consumers in Kenya are calling for innovation in international money transfer services to enable them to manage their personal finances. Read more »
March 27, 2023
Kenya: Google Removes Kenyan Loan Apps From the Play Store for Lacking CBK Licenses
Google has removed Kenya loan apps from the Play Store as it cracks down on unregistered lenders. Read more »
Kenya: Former Head of Public Service Joseph Kinyua Appointed to KCB Board of Directors
Former Head of Public Service has been appointed to the position of the Kenya Commercial Bank (KCB) Board of Directors. Read more »
March 23, 2023
Kenya: CBK Tightens Foreign Exchange Rules for Banks
The Central Bank of Kenya (CBK) has introduced a forex code for commercial banks that aims to improve transparency in the wholesale foreign currency market in Kenya. Read more »
March 13, 2023
Kenya: Bank Clients to Get Faster Funds Transfers After Clearance System Upgrade
Banks will now offer faster clearing services for cheques, direct debits, and electronic funds transfer following an upgrade of the Automated Clearing House (ACH) to the ISO 20022… Read more »
March 10, 2023
Kenya: Susan Koech Appointed as Central Bank of Kenya Deputy Governor
President William Ruto has appointed Susan Koech as Deputy Governor of the Central Bank of Kenya (CBK) for a four-year term. Read more »
March 02, 2023
Kenya: Co-Op Bank Named Best in Customer Satisfaction
The Cooperative Bank has been ranked the best bank in customer satisfaction by the Kenya Bankers Association (KBA). Read more »
Kenya: Six Banks Take Up Safaricom's SIM Swap Anti-Fraud Solution
Safaricom has announced that it has signed up six banks to its SIM-Swap-Check Anti-fraud solution. Read more »
February 28, 2023
Kenya: Kcb to Open 12 New Branches in Kenya, Tanzania
KCB Group will open 12 new branches in Kenya and Tanzania, increasing its presence in the region. Read more »
January 30, 2023
Kenya: CBK Retains Base Lending Rate At 8.75% On Easing of Inflation
The Central Bank of Kenya (CBK) has retained its lending base rate at 8.75 percent on easing inflationary pressure that saw the cost of goods and services rise. Read more »
Kenya: CBK Approves Tala to Offer Digital Credit Services
The Central Bank of Kenya (CBK) has approved digital credit provider (DCP) Tala to provide credit services in the country. Read more »
Kenya: CBK, Treasury Approve Equity Bank Acquisition of Spire Bank
Equity Bank Kenya is set to commence the acquisition of certain assets and liabilities of Spire Bank Limited following approvals from the Central Bank of Kenya and the National… Read more »