Central Bank of Kenya

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2h
AllAfrica.com
Banks Fight New Bid to Cap Interest RatesCBR of 10.5 per cent. That would be significantly lower than the current avera
Banks Fight New Bid to Cap Interest Rates
AllAfrica.com / Posted 2 hours ago
CBR of 10.5 per cent. That would be significantly lower than the current average lending rate of 18 per cent, as per Central Bank of Kenya (CBK) data. Some borrowers are currently paying as high as 24 per cent for short to medium term... Read more
3 related stories
23h
AllAfrica.com
Banks Call on Kenyatta to Dismiss Bill Controlling Interest RatesCBR of 10.5 per cent. That would be significantly different from current avera
Banks Call on Kenyatta to Dismiss Bill Controlling Interest Rates
AllAfrica.com / Posted 23 hours ago
CBR of 10.5 per cent. That would be significantly different from current average lending rate of 18 per cent, as per Central Bank of Kenya (CBK) data. Some borrowers are currently paying as high as 24 per cent for short- to medium-term... Read more
3 related stories
1d
AllAfrica.com
Central Bank Hires Staff to Check Rogue LendersCentral Bank of Kenya (CBK) has hired 15 new staff members in its supervision d
Central Bank Hires Staff to Check Rogue Lenders
AllAfrica.com / Posted yesterday
Central Bank of Kenya (CBK) has hired 15 new staff members in its supervision department in the wake of the recent collapse of three banks. However, the regulator blamed the department's tolerance of poor corporate governance for the banks' collapse... Read more
3 related stories
1d
AllAfrica.com
CBK Hires 15 Staff to Check Rogue LendersThe Central Bank of Kenya (CBK) has hired 15 new staff members in its supervisi
CBK Hires 15 Staff to Check Rogue Lenders
AllAfrica.com / Posted yesterday
The Central Bank of Kenya (CBK) has hired 15 new staff members in its supervision department in the wake of the recent collapse of three banks. However, the regulator blamed the department's tolerance of poor corporate governance for the banks'... Read more
3 related stories
1d
AllAfrica.com
CBK Proposes Three-Year Limit for Bank Auditors to Boost GovernanceThe Central Bank of Kenya (CBK) has put banks on notice with plans to introduce
CBK Proposes Three-Year Limit for Bank Auditors to Boost Governance
AllAfrica.com / Posted yesterday
The Central Bank of Kenya (CBK) has put banks on notice with plans to introduce three-year term limits for external auditors handling their books, in what is seen as the regulator's response to corporate governance concerns in the sector. The CBK... Read more
3 related stories
1d
AllAfrica.com
Banks' Profit Growth Falls As Loan Book Stagnates in First Six Monthsprofitable sector. SIB noted that general market index started outperforming t
Banks' Profit Growth Falls As Loan Book Stagnates in First Six Months
AllAfrica.com / Posted yesterday
profitable sector. SIB noted that general market index started outperforming the banking indicator in April after the Central Bank of Kenya (CBK) placed Chase Bank, the third bank within a year, under statutory management. Stricter... Read more
1d
AllAfrica.com
Reprieve as NIC Re-Opens Imperial Bankin the ocean for my business needs," said a businessman who declined to disclos
Reprieve as NIC Re-Opens Imperial Bank
AllAfrica.com / Posted yesterday
in the ocean for my business needs," said a businessman who declined to disclose his name. NIC Bank was appointed by the Central Bank of Kenya, (CBK) and Kenya Deposit Insurance Corporation (KDIC) to steer the refunds. "One of the ways we are... Read more
2d
AllAfrica.com
NNPC's IDSL Gets NIS ISO 14001 - 2004 Certificationdelivered by the Governor, European Central Bank, Prof. Mario Draghi. Speakers
NNPC's IDSL Gets NIS ISO 14001 - 2004 Certification
AllAfrica.com / Posted 2 days ago
delivered by the Governor, European Central Bank, Prof. Mario Draghi. Speakers at the symposium include former Governor, Central Bank of Kenya, Professor Njuguna Ndung'u and the Governor, Central Bank of Mexico, Dr. Augustin Carstens. The... Read more
2d
Business Wire
Kenyan Diaspora Sends One Million Money Transfers With WorldRemiteconomy and achieving Vision 2030[1]. Inward remittances reached a record value
Kenyan Diaspora Sends One Million Money Transfers With WorldRemit
Business Wire / Posted 2 days ago
economy and achieving Vision 2030[1]. Inward remittances reached a record value of $146.76m in May 2016, according to the Central Bank of Kenya, making it one of Kenya’s top earners. Alix Murphy, Senior Mobile Analyst at WorldRemit,... Read more
3d
AllAfrica.com
Imperial Bank Customers to Start Accessing Funds Tuesdayafter the lifting of the court order to suspend the payments. Last month share
Imperial Bank Customers to Start Accessing Funds Tuesday
AllAfrica.com / Posted 3 days ago
after the lifting of the court order to suspend the payments. Last month shareholders of the troubled bank had accused the Central Bank of Kenya (CBK) of rushing the liquidation of the bank. The shareholders complained that the action by CBK to... Read more
3d
AllAfrica.com
CBK Piles Puts Pressure On Banks to Lower Lending RatesNairobi — The Central Bank of Kenya (CBK) has now put pressure on banks to lowe
CBK Piles Puts Pressure On Banks to Lower Lending Rates
AllAfrica.com / Posted 3 days ago
Nairobi — The Central Bank of Kenya (CBK) has now put pressure on banks to lower interest rates after reducing the Kenya Banks Reference Rate (KBRR) to 8.90 percent from 9.87 percent, effective July 25. KBRR which was first introduced in July 2014... Read more
3d
AllAfrica.com
Bank CEOs' Worry Over Term Limitto cap their tenure as part of efforts to enhance corporate governance and inje
Bank CEOs' Worry Over Term Limit
AllAfrica.com / Posted 3 days ago
to cap their tenure as part of efforts to enhance corporate governance and inject new blood into lenders' leadership. Central Bank of Kenya Governor Patrick Njoroge has revealed plans to set a term limit for the CEOs, a move that may send home... Read more
3 related stories
3d
AllAfrica.com
Regional Bank Governors Agree to Mitigate RisksProf Benno Ndulu who is the current chair of MAC. Other governors present incl
Regional Bank Governors Agree to Mitigate Risks
AllAfrica.com / Posted 3 days ago
Prof Benno Ndulu who is the current chair of MAC. Other governors present included Uganda's Emmanuel Tumusiime Mutebile, Central Bank of Kenya Patrick Njoroge, Bank of the Republic of Burundi Jean Ciza, and National Bank of Rwanda Governor John... Read more
7d
AllAfrica.com
Abuja to Host African Central Bank Governors' MeetingsDraghi, Governor, European Central Bank. Speakers at the symposium include Prof
Abuja to Host African Central Bank Governors' Meetings
AllAfrica.com / Posted 7 days ago
Draghi, Governor, European Central Bank. Speakers at the symposium include Professor Njuguna Ndung'u, Former Governor, Central Bank of Kenya and Dr. Augustin Carstens, Governor, Central Bank of Mexico. The concept for the formation of an... Read more
7d
AllAfrica.com
Chase Signs Up 3,000 New Accounts Since Re-Opening in Aprilthat transactions worth over Sh6 billion have been channelled through the lende
Chase Signs Up 3,000 New Accounts Since Re-Opening in April
AllAfrica.com / Posted 7 days ago
that transactions worth over Sh6 billion have been channelled through the lender since it was re-opened on April 27. The Central Bank of Kenya (CBK) put Chase Bank under receivership on April 7 following a run on the bank caused by adverse... Read more
8d
AllAfrica.com
High Court Allows Imperial Bank Depositors to Access Additional Cash(IBLIR) depositors from Tuesday July 26th," KDIC said in a statement dated yest
High Court Allows Imperial Bank Depositors to Access Additional Cash
AllAfrica.com / Posted 8 days ago
(IBLIR) depositors from Tuesday July 26th," KDIC said in a statement dated yesterday. The agency, which is an arm of the Central Bank of Kenya (CBK), said it has agreed with NIC on a process to speed up access to funds. Depositors will need to... Read more
8d
AllAfrica.com
Njoroge Orders Banks to Disclose Top Shareholders On Websitesbanks -- which keep their shareholding secretly guarded -- are now racing to be
Njoroge Orders Banks to Disclose Top Shareholders On Websites
AllAfrica.com / Posted 8 days ago
banks -- which keep their shareholding secretly guarded -- are now racing to beat the August 1 compliance deadline set by Central Bank of Kenya (CBK) governor Patrick Njoroge. Dr Njoroge said Wednesday banks must reveal on their websites and... Read more
8d
AllAfrica.com
Big Imperial Bank Clients to Wait Longer As Refunds Begin Tuesdaytheir cash, even as those holding balances of Sh2.5 million or less get full co
Big Imperial Bank Clients to Wait Longer As Refunds Begin Tuesday
AllAfrica.com / Posted 8 days ago
their cash, even as those holding balances of Sh2.5 million or less get full compensation beginning Tuesday next week. The Central Bank of Kenya-appointed receiver manager of the collapsed lender, the Kenya Deposit Insurance Corporation (KDIC), had... Read more
11d
AllAfrica.com
Court Opens Window for Imperial Bank Depositors to Get Their Money Backpayment which were being implemented. The lifting of the orders was as a resul
Court Opens Window for Imperial Bank Depositors to Get Their Money Back
AllAfrica.com / Posted 11 days ago
payment which were being implemented. The lifting of the orders was as a result of a consent order between the Doshis, the Central Bank of Kenya and the bank. According to the consent, Imperial Bank gave an undertaking to court that after full... Read more
14d
AllAfrica.com
Dubai Bank Chiefs Charged With Plotting to Defraud Bank of Africathe offence at Dubai Bank Kenya Limited (DBKL). The bank has since been placed
Dubai Bank Chiefs Charged With Plotting to Defraud Bank of Africa
AllAfrica.com / Posted 14 days ago
the offence at Dubai Bank Kenya Limited (DBKL). The bank has since been placed under statutory management by the Central Bank of Kenya (CBK) after facing liquidity problems. Besides the four who appeared before senior principal... Read more
14d
AllAfrica.com
Dubai Bank Charged for Defaulting on Sh48 Million Debttrial on September 21. The bank defaulting on the Sh48 million debt owed to Ba
Dubai Bank Charged for Defaulting on Sh48 Million Debt
AllAfrica.com / Posted 14 days ago
trial on September 21. The bank defaulting on the Sh48 million debt owed to Bank of Africa was one of the reasons the Central Bank of Kenya gave for placing it under receivership on August 14 of last year and it has been charged with... Read more
14d
AllAfrica.com
Treasury Rejects $2 Million Pyramid Scheme Claimpyramid scheme victims filed a suit against the government seeking compensation
Treasury Rejects $2 Million Pyramid Scheme Claim
AllAfrica.com / Posted 14 days ago
pyramid scheme victims filed a suit against the government seeking compensation from the Sh8 billion they insist Central Bank of Kenya confiscated from bank accounts owned by the 270 firms following a 2007 swoop. The government insists... Read more
15d
AllAfrica.com
Kenya Govt Calls for Public Participation On Computer and Cyber Crimes Bill 2016free to make contributions to the Bill. The Computer and Cyber Crimes Bill 201
Kenya Govt Calls for Public Participation On Computer and Cyber Crimes Bill 2016
AllAfrica.com / Posted 15 days ago
free to make contributions to the Bill. The Computer and Cyber Crimes Bill 2016 began in September 2015 with input from Central Bank of Kenya, Office of the Director of Public Prosecutions, Kenya Law Reform Commission, Communications Authority... Read more
15d
AllAfrica.com
Rate On Government Paper May Go Up in Aftermath of Brexit Votevote caused volatility in the market that saw the Kenyan financial system face
Rate On Government Paper May Go Up in Aftermath of Brexit Vote
AllAfrica.com / Posted 15 days ago
vote caused volatility in the market that saw the Kenyan financial system face liquidity and exchange rate pressures. The Central Bank of Kenya (CBK) in its statistical bulletin last week said they used the monetary policy tools to counter the... Read more
16d
AllAfrica.com
Nairobi Schools Excel at Regional Music Festivalsof Sharon School won in the lower primary school verse speaking category. KBA'
Nairobi Schools Excel at Regional Music Festivals
AllAfrica.com / Posted 16 days ago
of Sharon School won in the lower primary school verse speaking category. KBA's winning choral verse praises the Central Bank of Kenya for its role in shaping the country's economy and impacting the lives of wananchi. The verse was... Read more
16d
AllAfrica.com
Senators Quiz Joho in Sh217 Million Probecollection account. A further review indicated that the funds were not transfer
Senators Quiz Joho in Sh217 Million Probe
AllAfrica.com / Posted 16 days ago
collection account. A further review indicated that the funds were not transferred to the county revenue fund account at Central Bank of Kenya (CBK) in line with the requirement of Public Finance Management Act, 2012," said the auditor. Mr Joho... Read more
17d
AllAfrica.com
Safaricom Sued Over M-Pesa Safety After Expose-- the company that will facilitate direct transfer of money between banks with
Safaricom Sued Over M-Pesa Safety After Expose
AllAfrica.com / Posted 17 days ago
-- the company that will facilitate direct transfer of money between banks without going through M-pesa. Data from the Central Bank of Kenya indicates that the value of transaction through the mobile money payment service grew to Sh2.8 trillion... Read more
21d
AllAfrica.com
Banks Faulted Over High Cost of BorrowingMiddle East economist at Bloomberg Intelligence says. Bloomberg charts show ba
Banks Faulted Over High Cost of Borrowing
AllAfrica.com / Posted 21 days ago
Middle East economist at Bloomberg Intelligence says. Bloomberg charts show banks have tended to raise rates whenever the Central Bank of Kenya (CBK) increases its benchmark rate but indicate relatively little correlation whenever the rate moves... Read more
21d
AllAfrica.com
Relief for Firms As Penalties for Withholding Tax Haltedas large and medium-sized companies, submit returns twice a month through comme
Relief for Firms As Penalties for Withholding Tax Halted
AllAfrica.com / Posted 21 days ago
as large and medium-sized companies, submit returns twice a month through commercial banks to a special VAT account at the Central Bank of Kenya. However, Parliamentarians recently deleted a section of the Tax Procedures Act (TPA) that empowered... Read more
23d
AllAfrica.com
Tanzania Bank Enters the Kenyan MarketDar es Salaam — Bank M of Tanzania has set the stage for its entry into Kenya m
Tanzania Bank Enters the Kenyan Market
AllAfrica.com / Posted 23 days ago
Dar es Salaam — Bank M of Tanzania has set the stage for its entry into Kenya market after the Central Bank of Kenya (CBK) cleared the acquisition of a 51% stake in shareholding with Oriental Commercial Bank.. According to a statement issued by the... Read more
24d
AllAfrica.com
CBK Now Moves to Appeal Court in Bid to Stop Sh5 Billion ClaimThe Central Bank of Kenya (CBK) has taken a Sh5 billion claim lodged against it
CBK Now Moves to Appeal Court in Bid to Stop Sh5 Billion Claim
AllAfrica.com / Posted 24 days ago
The Central Bank of Kenya (CBK) has taken a Sh5 billion claim lodged against it by a lender to the appellate court arguing that the High Court failed to hold that the case was time barred. Oriental Commercial Bank is seeking to be refunded the money... Read more
29d
AllAfrica.com
NIC Suffers Setback in Bid to Take Over Collapsed Lenderof paying depositors and defraying the expenses required for implementing the s
NIC Suffers Setback in Bid to Take Over Collapsed Lender
AllAfrica.com / Posted 29 days ago
of paying depositors and defraying the expenses required for implementing the said agreement, the respondents (the KDIC and Central Bank of Kenya) shall not dispose of other assets of Imperial Bank Limited pending the determination of these... Read more
29d
AllAfrica.com
Imperial Bank Owners Had All the Time to Stop Bond - Regulatorthe public. The bond that almost traded on the Nairobi Securities Exchange (NS
Imperial Bank Owners Had All the Time to Stop Bond - Regulator
AllAfrica.com / Posted 29 days ago
the public. The bond that almost traded on the Nairobi Securities Exchange (NSE) was stopped in October last year when the Central Bank of Kenya (CBK) released a joint statement with CMA stopping its listing. "The petitioners being in receipt of... Read more
1m
AllAfrica.com
CBK Licenses Maisha Microfinance BankThe Central Bank of Kenya (CBK) has granted a licence to Maisha Microfinance Ba
CBK Licenses Maisha Microfinance Bank
AllAfrica.com / Posted a month ago
The Central Bank of Kenya (CBK) has granted a licence to Maisha Microfinance Bank Limited to carry out nationwide microfinance banking business. The licence has been issued pursuant to Section 6 (1) of the Microfinance Act, 2006 and Regulation 5 (3)... Read more
1m
AllAfrica.com
CBK Reassures Market Amid Brexit Effect FearsCentral Bank of Kenya Governor Patrick Njoroge has reiterated that the CBK is r
CBK Reassures Market Amid Brexit Effect Fears
AllAfrica.com / Posted a month ago
Central Bank of Kenya Governor Patrick Njoroge has reiterated that the CBK is ready to intervene in the money and foreign exchange markets to ensure smooth operation after Britain voted to exit the European Union. He says Central Bank Governors from... Read more
1m
AllAfrica.com
Taxman in Sh4.2 Billion Tech Upgrade to Seal Loopholesthrough mobile money transfer platforms grew by a fifth to hit a new high of Sh
Taxman in Sh4.2 Billion Tech Upgrade to Seal Loopholes
AllAfrica.com / Posted a month ago
through mobile money transfer platforms grew by a fifth to hit a new high of Sh2.8 trillion, according to data from the Central Bank of Kenya. This is a 19 per cent jump. This means that Kenyans transacted an average of Sh235 billion in... Read more
1m
AllAfrica.com
Fish Firm Denies Owing Fallen Imperial Bank Sh10 Billionamount. The fish processor says Imperial Bank's directors only mentioned that
Fish Firm Denies Owing Fallen Imperial Bank Sh10 Billion
AllAfrica.com / Posted a month ago
amount. The fish processor says Imperial Bank's directors only mentioned that it would be a "letter of comfort" to the Central Bank of Kenya, which had begun an in-depth investigation into the lender. Imperial Bank's receiver manager while... Read more
1m
AllAfrica.com
Maisha MFB Gets Licence for Nationwide OperationsThe Central Bank of Kenya (CBK) has licensed Maisha Microfinance Bank Ltd (Mais
Maisha MFB Gets Licence for Nationwide Operations
AllAfrica.com / Posted a month ago
The Central Bank of Kenya (CBK) has licensed Maisha Microfinance Bank Ltd (Maisha MFB) to carry out nationwide microfinance banking business. Maisha MFB becomes the 13th microfinance bank, eight of which are permitted to operate nationwide. This... Read more
m
AllAfrica.com
Region Braces Itself for Implications of UK-EU Exit Vote On Economies, Tradeimmediate impact of the vote on money markets, before they could begin to consi
Region Braces Itself for Implications of UK-EU Exit Vote On Economies, Trade
AllAfrica.com / Posted 1 months ago
immediate impact of the vote on money markets, before they could begin to consider interventions to tame volatility. "The Central Bank of Kenya stands ready to intervene in the money and foreign-exchange markets to ensure their smooth operation.... Read more
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AllAfrica.com
Doubts Increase Over Falling Revenue, Region's Ability to Repay Rising Debtsdomestic resource mobilisation. "Kenya is the most advanced in our region on t
Doubts Increase Over Falling Revenue, Region's Ability to Repay Rising Debts
AllAfrica.com / Posted 1 months ago
domestic resource mobilisation. "Kenya is the most advanced in our region on that score. Over the past decade, the Central Bank of Kenya embarked on an ambitious programme to develop its domestic debt market. They have been trying to... Read more
m
AllAfrica.com
Africa Faces Up to Brexit Voteforcing regulators and politicians into crisis mode. The UK is Kenya's third la
Africa Faces Up to Brexit Vote
AllAfrica.com / Posted 1 months ago
forcing regulators and politicians into crisis mode. The UK is Kenya's third largest export market and a key ally. "The Central Bank of Kenya stands ready to intervene in the money and foreign exchange markets to ensure their smooth operation,"... Read more
m
DW
Africa faces up to Brexit vote | Brexit: Bye-bye Europe |forcing regulators and politicians into crisis mode. The UK is Kenya's third la
Africa faces up to Brexit vote | Brexit: Bye-bye Europe |
DW / Posted 1 months ago
forcing regulators and politicians into crisis mode. The UK is Kenya's third largest export market and a key ally. "The Central Bank of Kenya stands ready to intervene in the money and foreign exchange markets to ensure their smooth operation,"... Read more
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AllAfrica.com
Shareholders Accuse CBK of Rushing to Liquidate Imperial BankShareholders of the troubled Imperial Bank Ltd, now in receivership, have accus
Shareholders Accuse CBK of Rushing to Liquidate Imperial Bank
AllAfrica.com / Posted 1 months ago
Shareholders of the troubled Imperial Bank Ltd, now in receivership, have accused the Central Bank of Kenya (CBK) of rushing the liquidation of the bank. In a statement the shareholders say the action by CBK to dispose the bank's assets to NIC Bank... Read more
m
AllAfrica.com
Central Bank 'Ready' To Intervene in Markets After #BrexitNairobi — The Central Bank of Kenya (CBK) has announced that it is ready to int
Central Bank 'Ready' To Intervene in Markets After #Brexit
AllAfrica.com / Posted 1 months ago
Nairobi — The Central Bank of Kenya (CBK) has announced that it is ready to intervene in the money and foreign exchange markets following the Brexit referendum results. A statement from the Bank states that it will ensure there is smooth operations... Read more
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AllAfrica.com
Will Britain's Exit From the EU Affect Kenya?do not think it's a good idea for them to leave, the EU is a successful common
Will Britain's Exit From the EU Affect Kenya?
AllAfrica.com / Posted 1 months ago
do not think it's a good idea for them to leave, the EU is a successful common market, a very viable unit," he explained. Central Bank of Kenya Governor Patrick Njoroge shared the same sentiments citing that the move may push the global economy to... Read more
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AllAfrica.com
M Oriental Bank Begins Operations in Kenyastake in Oriental Commercial bank. The bank will now operate as M Oriental ban
M Oriental Bank Begins Operations in Kenya
AllAfrica.com / Posted 1 months ago
stake in Oriental Commercial bank. The bank will now operate as M Oriental bank after getting regulatory approval from the Central Bank of Kenya (CBK). Bank M Tanzania Chief Executive Sanjeev Kumar says the bank will start operations with eight... Read more
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AllAfrica.com
Imperial Bank Depositors to Get Sh1.5 Million as NIC Absorbs StaffBank depositors will now be able to access up to Sh1.5 million once a court ord
Imperial Bank Depositors to Get Sh1.5 Million as NIC Absorbs Staff
AllAfrica.com / Posted 1 months ago
Bank depositors will now be able to access up to Sh1.5 million once a court order on the suspension of payments is lifted. Central Bank of Kenya (CBK) Governor Patrick Njoroge says this follows a joint agreement between the Kenya Deposit Insurance... Read more

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