Central Bank of Kenya

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15h
AllAfrica.com
Low Petroleum Prices Cut Import Bill By Sh50 Billionin the first half of the year helped by lower global oil prices and the subsequ
Low Petroleum Prices Cut Import Bill By Sh50 Billion
AllAfrica.com / Posted 15 hours ago
in the first half of the year helped by lower global oil prices and the subsequent drop in the import bill. Last week, the Central Bank of Kenya (CBK) acknowledged this positive development when it declared that "the foreign exchange market has... Read more
19h
AllAfrica.com
CBK Says Foreign Banks Targeting Local Market Despite New Rate CapThe Central Bank of Kenya (CBK) has disclosed that banks from eight countries a
CBK Says Foreign Banks Targeting Local Market Despite New Rate Cap
AllAfrica.com / Posted 19 hours ago
The Central Bank of Kenya (CBK) has disclosed that banks from eight countries are looking to enter the Kenyan market even after capping interest rates and at a time the regulator's suspension of new lenders still stands. CBK said banks were being... Read more
1d
AllAfrica.com
Banks Demand for Treasuries Raise Credit Squeeze Riskto record an overwhelming 225 per cent performance rate for the 5-year and 20-y
Banks Demand for Treasuries Raise Credit Squeeze Risk
AllAfrica.com / Posted yesterday
to record an overwhelming 225 per cent performance rate for the 5-year and 20-year Treasury Bonds issued this month. The Central Bank of Kenya (CBK) reported that the total number of bids received was 771 amounting to Sh38.65 billion and 734... Read more
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2d
AllAfrica.com
September Treasury Bonds Hit 225 Per Cent Success Raterate of 225 per cent signalling that banks could be preferring to lend to the g
September Treasury Bonds Hit 225 Per Cent Success Rate
AllAfrica.com / Posted 2 days ago
rate of 225 per cent signalling that banks could be preferring to lend to the government than the private sector. The Central Bank of Kenya (CBK) had offered 5-year and 20-year Treasury Bonds for a total amount of Sh25 billion. The total... Read more
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3d
AllAfrica.com
Clear Sh62 Billion Bill, Kidero Urges Statehighest amount at Sh125.78 million, followed by Police Service (Sh70 million),
Clear Sh62 Billion Bill, Kidero Urges State
AllAfrica.com / Posted 3 days ago
highest amount at Sh125.78 million, followed by Police Service (Sh70 million), Kenya Revenue Authority (Sh45.8 million) and Central Bank of Kenya (Sh48.76 million). Addressing Jua Kali artisans at Charter Hall on Thursday, Mr Kidero said: "If the... Read more
3d
AllAfrica.com
Microfinance Sees Huge Opportunity Following Banks' Interest Rates Capgo to when banks begin the credit rationing," he told Capital FM Business. Mai
Microfinance Sees Huge Opportunity Following Banks' Interest Rates Cap
AllAfrica.com / Posted 3 days ago
go to when banks begin the credit rationing," he told Capital FM Business. Maisha Micro Finance Bank was licensed by the Central Bank of Kenya in July and it plans to focus on building Small and Medium size enterprises. "Since our launch we have... Read more
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4d
AllAfrica.com
Interest Cap 'Complicates' Monetary Policy - CBK GovernorNairobi — The Central Bank of Kenya (CBK) Governor Patrick Njoroge says the new
Interest Cap 'Complicates' Monetary Policy - CBK Governor
AllAfrica.com / Posted 4 days ago
Nairobi — The Central Bank of Kenya (CBK) Governor Patrick Njoroge says the new banking law capping interest rates at 4 per cent above the Central Bank Rate (CBR) has 'complicated' the monetary policy. Njoroge speaking on Wednesday following the... Read more
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4d
AllAfrica.com
Mudavadi Defends Treasury in Sh928 Million Anglo Leasing Dealfirm was to supply Internet services to over 900 post offices countrywide opera
Mudavadi Defends Treasury in Sh928 Million Anglo Leasing Deal
AllAfrica.com / Posted 4 days ago
firm was to supply Internet services to over 900 post offices countrywide operating in rural areas. A former Deputy Governor of Central Bank of Kenya (CBK) Jacinta Mwatela also testified against the four former top civil servants. Hearing contin... Read more
5d
AllAfrica.com
All Eyes on MPC Meeting to Give Direction on Interest Ratestold Capital FM Business. The new banking law caps interest rates to not more
All Eyes on MPC Meeting to Give Direction on Interest Rates
AllAfrica.com / Posted 5 days ago
told Capital FM Business. The new banking law caps interest rates to not more than 4 percent above base rate set by the Central Bank of Kenya. CBK said that commercial banks will use the Central Bank Rate (CBR) as the base rate to price loans... Read more
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5d
AllAfrica.com
Central Bank Cuts Key Lending Rate to 10%in place measures to sustainably reduce the cost of credit and improve liquidit
Central Bank Cuts Key Lending Rate to 10%
AllAfrica.com / Posted 5 days ago
in place measures to sustainably reduce the cost of credit and improve liquidity management," said Dr Patrick Njoroge, the Central Bank of Kenya governor and the chairman of the MPC. The Banking (Amendment) Act 2016 caps lending rates at not more... Read more
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5d
AllAfrica.com
Banks to Lower Their Interest Rates to 14% After CBK Cuts CBR— Local banks may now be forced to further lower their interest rates to 14 per
Banks to Lower Their Interest Rates to 14% After CBK Cuts CBR
AllAfrica.com / Posted 5 days ago
— Local banks may now be forced to further lower their interest rates to 14 percent from the current 14.5 percent after the Central Bank of Kenya (CBK) Monetary Policy Committee (MPC) lowered the Central Bank Rate (CBR) to 10 percent. This comes a... Read more
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6d
AllAfrica.com
I Don't Know Why NYS Picked My Firm - Mutahi Ngunyiwhy the payments were made without invoices and without a response. He adds he
I Don't Know Why NYS Picked My Firm - Mutahi Ngunyi
AllAfrica.com / Posted 6 days ago
why the payments were made without invoices and without a response. He adds he is moving to court to compel the ministry to disclose the same. Mr Ngunyi adds the money was wired back to the ministry's account at the Central Bank of Kenya on Mon... Read more
6d
AllAfrica.com
Kenyatta Silent on New Central Bank BoardPresident Uhuru Kenyatta has maintained silence on when he will appoint a new C
Kenyatta Silent on New Central Bank Board
AllAfrica.com / Posted 6 days ago
President Uhuru Kenyatta has maintained silence on when he will appoint a new Central Bank of Kenya (CBK) board, nearly one-and-a-half years since terms of five members expired. Mid-April, the Treasury said it had finalised picking nominees and... Read more
7d
AllAfrica.com
Kenya's Consumer Lobby to Sue Banks Not Enforcing Rates LawThe Kenyan banking sector is currently in a state of confusion after the Centra
Kenya's Consumer Lobby to Sue Banks Not Enforcing Rates Law
AllAfrica.com / Posted 7 days ago
The Kenyan banking sector is currently in a state of confusion after the Central Bank of Kenya failed to issue guidelines on how the new law on capping interest rates, which came into force last week (September 14,) should be applied. Meanwhile the... Read more
7d
AllAfrica.com
Banks' Rising Appetite for Risk-Free Securities Hands Treasury Cheaper Creditcosts will jump. Analysts agree that the falling rates will impact on bonds as
Banks' Rising Appetite for Risk-Free Securities Hands Treasury Cheaper Credit
AllAfrica.com / Posted 7 days ago
costs will jump. Analysts agree that the falling rates will impact on bonds as banks struggle to lock in high rates. The Central Bank of Kenya recently offered five-year and 20-year Treasury Bonds for a total amount of Sh30 billion at 14.069 per... Read more
10d
iol.co.za
Africa’s central banks under pressureinfluence the investment potential of the countries.” The South African Reserv
Africa’s central banks under pressure
iol.co.za / Posted 10 days ago
influence the investment potential of the countries.” The South African Reserve Bank, the Central Bank of Nigeria and the Central Bank of Kenya will all announce their interest-rate decisions next week. South Africa’s Governor Lesetja Kganyago and... Read more
11d
AllAfrica.com
IMF Says Rates Capping Could Erode Central Bank AutonomyControl of interest rates may compromise the independence of the Central Bank o
IMF Says Rates Capping Could Erode Central Bank Autonomy
AllAfrica.com / Posted 11 days ago
Control of interest rates may compromise the independence of the Central Bank of Kenya (CBK) since it will set the base rate with consideration of public or political interests, the International Monetary Fund (IMF) has said. The multilateral lender... Read more
11d
AllAfrica.com
Monetary Union 'a Threat' to EAC Projectsand monetary union convergence criteria," he said. Mr Kasekende was speaking y
Monetary Union 'a Threat' to EAC Projects
AllAfrica.com / Posted 11 days ago
and monetary union convergence criteria," he said. Mr Kasekende was speaking yesterday during a symposium called by the Central Bank of Kenya (CBK) as part of its golden jubilee celebration. In Kenya's case, the fiscal deficit has been hovering... Read more
11d
AllAfrica.com
Dear Ugandan Bankers, Kenya Has Capped Loan Rates - We Need to Talkper cent) and inflation of 6.26 per cent, Kenyan banks have been carrying a bas
Dear Ugandan Bankers, Kenya Has Capped Loan Rates - We Need to Talk
AllAfrica.com / Posted 11 days ago
per cent) and inflation of 6.26 per cent, Kenyan banks have been carrying a base-lending rate of 18.1 per cent according to Central Bank of Kenya figures, reflecting a margin of 2.94 per cent. In Uganda, a CBR rate of 14 per cent, inflation of 4.8... Read more
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12d
AllAfrica.com
CBA Readjusts Interest Rates to 14.5%Bank of Africa (CBA) has readjusted its interest rates from 12.9 per cent to 14
CBA Readjusts Interest Rates to 14.5%
AllAfrica.com / Posted 12 days ago
Bank of Africa (CBA) has readjusted its interest rates from 12.9 per cent to 14.5 per cent following clarification from the Central Bank of Kenya that the CBR should be the base rate banks use in adherence to the new law. The Bank says following... Read more
12d
AllAfrica.com
MPs, Csos Start Push for Limits On Interest Rateabout the impact of high interest rates in the market. Recently in Kenya, Pres
MPs, Csos Start Push for Limits On Interest Rate
AllAfrica.com / Posted 12 days ago
about the impact of high interest rates in the market. Recently in Kenya, President Kenyatta defied the position of the Central Bank of Kenya (CBK), and the banking industry, to sign into law a bill that limits banks on how far they can charge... Read more
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13d
AllAfrica.com
CBK to Exhibit Old Money Ahead of New CurrencyThe Central Bank of Kenya is set to exhibit historical currencies to mark its 5
CBK to Exhibit Old Money Ahead of New Currency
AllAfrica.com / Posted 13 days ago
The Central Bank of Kenya is set to exhibit historical currencies to mark its 50 years of existence as the country prepares to transition to new-look notes and coins. In a statement, the regulator said it will launch a Numismatic Museum at the... Read more
15d
AllAfrica.com
Commercial Bank of Africa Adjusts Interest Ratesbeen enjoying interest rate spreads of about 11.4 per cent on average, way abov
Commercial Bank of Africa Adjusts Interest Rates
AllAfrica.com / Posted 15 days ago
been enjoying interest rate spreads of about 11.4 per cent on average, way above the world average of 6.6 per cent. "The Central Bank of Kenya Governor Patrick Njoroge is on record acknowledging that this is too high but he did not advocate for... Read more
16d
AllAfrica.com
Diplomatic Effort to Drain the Swamp of Terrorismyear alone, Kenyan banks made more money from subsidiaries in South Sudan than
Diplomatic Effort to Drain the Swamp of Terrorism
AllAfrica.com / Posted 16 days ago
year alone, Kenyan banks made more money from subsidiaries in South Sudan than anywhere else. Data compiled by the Central Bank of Kenya shows that subsidiaries in South Sudan accounted for 33 per cent of the total profits, although only... Read more
16d
AllAfrica.com
Sh88 Billion From Eurobond Given to CBK, Says Budget Bosswas transferred into the Consolidated Fund in tranches from the Sovereign Bond
Sh88 Billion From Eurobond Given to CBK, Says Budget Boss
AllAfrica.com / Posted 16 days ago
was transferred into the Consolidated Fund in tranches from the Sovereign Bond Proceeds Account at the Central Bank of Kenya," she said. "The amount was received in June 2014 and is, therefore, recognised as part of the opening... Read more
17d
AllAfrica.com
Kenya Pushes for Data Sharing in Crime Warthe websites of the Central Bank of Cyprus which briefly came under cyber-attac
Kenya Pushes for Data Sharing in Crime War
AllAfrica.com / Posted 17 days ago
the websites of the Central Bank of Cyprus which briefly came under cyber-attack, days after a hacking collective said it conducted a similar attack on the Greek central bank's site while attempts have been made to breach the Central Bank of... Read more
18d
AllAfrica.com
M-Akiba Bond Set to Trade Next Monthwill be operated by the Nairobi Securities Exchange (NSE), the Central Deposito
M-Akiba Bond Set to Trade Next Month
AllAfrica.com / Posted 18 days ago
will be operated by the Nairobi Securities Exchange (NSE), the Central Depository and Settlement Corporation (CDSC), the Central Bank of Kenya (CBK) and mobile service providers. "Once they are ready we will set the launching date. I understand... Read more
20d
AllAfrica.com
Activist Sues CBK, Bankers Over Interest Rates Capping FormulaNairobi — Activist Okiya Omtatah has sued the Central Bank of Kenya (CBK) and K
Activist Sues CBK, Bankers Over Interest Rates Capping Formula
AllAfrica.com / Posted 20 days ago
Nairobi — Activist Okiya Omtatah has sued the Central Bank of Kenya (CBK) and Kenya Bankers Association (KBA) over the new interest rates cap. Omtatah argues that the law requires them to charge a maximum of 12.9 percent and not 14.5 percent, adding... Read more
21d
AllAfrica.com
Client Wants NBK's Islamic Banking Shut in Sh3.7 Billion Rowrate from 18.5 per cent to an Islamic profit-sharing equivalent of 19.5 per cen
Client Wants NBK's Islamic Banking Shut in Sh3.7 Billion Row
AllAfrica.com / Posted 21 days ago
rate from 18.5 per cent to an Islamic profit-sharing equivalent of 19.5 per cent. He now wants the court to order the Central Bank of Kenya to shut down the lender's Islamic Banking wing. Under the revolving musharaka loan, terms of Islamic... Read more
24d
AllAfrica.com
All Banks to Charge Lower Interest for Existing, New Loansassociation says each KBA member bank will notify their customers on the proces
All Banks to Charge Lower Interest for Existing, New Loans
AllAfrica.com / Posted 24 days ago
association says each KBA member bank will notify their customers on the process and new terms as the industry engages with Central Bank of Kenya on implementation of the new law. "The voice of Kenyans has come out strongly that banks need to... Read more
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25d
AllAfrica.com
Relief for Small Banks as MPs Reject Plan to Raise Core Capitaland mortgage firms a lifeline by rejecting a proposal to raise core capital to
Relief for Small Banks as MPs Reject Plan to Raise Core Capital
AllAfrica.com / Posted 25 days ago
and mortgage firms a lifeline by rejecting a proposal to raise core capital to Sh5 billion but passed the one requiring the Central Bank of Kenya (CBK) to consult the Treasury before putting lenders under receivership. The CBK and the Kenya Deposit... Read more
26d
AllAfrica.com
Two More Banks Lower Interest Ratesthe interest rates applicable for all new loans to 14.5 percent. Guidance on e
Two More Banks Lower Interest Rates
AllAfrica.com / Posted 26 days ago
the interest rates applicable for all new loans to 14.5 percent. Guidance on existing loans awaits direction from the Central Bank of Kenya once the law is gazetted. BBK has however increased interest rates applicable on new Zidisha savings... Read more
8 related stories
27d
AllAfrica.com
Consolidated Bank's Rights Issue Flops, Costs It Licenceissue flopped after principal shareholders rescinded their commitment to suppor
Consolidated Bank's Rights Issue Flops, Costs It Licence
AllAfrica.com / Posted 27 days ago
issue flopped after principal shareholders rescinded their commitment to support the Sh1.8 billion cash call, forcing the Central Bank of Kenya to deny the bank an operating licence. The bank also operated last year without a licence, underlining... Read more
27d
AllAfrica.com
CMA Banks on Islamic Financing to Arrest Interest Rates Law Shocksassented to the Banking (Amendment) Act 2015, which will cap interest rates to
CMA Banks on Islamic Financing to Arrest Interest Rates Law Shocks
AllAfrica.com / Posted 27 days ago
assented to the Banking (Amendment) Act 2015, which will cap interest rates to not more than four per cent above the Central Bank of Kenya rate. Currently, the CBK rate is at 10.5 per cent, meaning that all loans should not be priced at more... Read more
28d
AllAfrica.com
Kenya's Cap on Interest Rates Could Impact EAC Monetary Unionsaying it would be lending at the new rates immediately. "We advise that pendi
Kenya's Cap on Interest Rates Could Impact EAC Monetary Union
AllAfrica.com / Posted 28 days ago
saying it would be lending at the new rates immediately. "We advise that pending receipt of full guidelines from the Central Bank of Kenya, particularly on the applicable base rate, all new credit facilities shall be at a rate not exceeding... Read more
8 related stories
28d
AllAfrica.com
Bank of Tanzania Monitors Kenya Move On Interest Ratescaps bank interest rates when President Uhuru Kenyatta assented a Bill capping
Bank of Tanzania Monitors Kenya Move On Interest Rates
AllAfrica.com / Posted 28 days ago
caps bank interest rates when President Uhuru Kenyatta assented a Bill capping bank interest rates at 4 per cent above the Central Bank of Kenya benchmark rate, currently standing at 10.5 per cent. The law will regulate applicable rates to bank... Read more
29d
AllAfrica.com
Banks Likely to Exploit Flaws in New Rates Lawintended to save customers from exploitation by banks through high interest rat
Banks Likely to Exploit Flaws in New Rates Law
AllAfrica.com / Posted 29 days ago
intended to save customers from exploitation by banks through high interest rates. The Donde Act, otherwise known as, the Central Bank of Kenya (Amendment) Act, 2000, had a retrospective commencement date of January 1, 2001. It also had a... Read more
1m
AllAfrica.com
Consumer Body and Banks Clash Over Bank Interest Ratesbe reduced to no more than four per cent over and above the Central Bank Rate a
Consumer Body and Banks Clash Over Bank Interest Rates
AllAfrica.com / Posted a month ago
be reduced to no more than four per cent over and above the Central Bank Rate as soon as it takes effect. "The Central Bank of Kenya or any entity cannot purport to manufacture 'rules' without an amendment by the National Assembly," he... Read more
3 related stories
1m
AllAfrica.com
Experts See Rising Cost of Fuel Pushing Up CBK Lending RateRising fuel prices and prospects of a base rate increase in the US could push t
Experts See Rising Cost of Fuel Pushing Up CBK Lending Rate
AllAfrica.com / Posted a month ago
Rising fuel prices and prospects of a base rate increase in the US could push the Central Bank of Kenya (CBK) to tighten its monetary policy and reverse recent cuts in the base lending rate, analysts at Ecobank say. The Energy Regulatory Commission... Read more
1m
AllAfrica.com
Market Forces to Determine Interest Rates, Govt InsistsUhuru Kenyatta assented to a Bill that caps interest rates to 4 per cent above
Market Forces to Determine Interest Rates, Govt Insists
AllAfrica.com / Posted a month ago
Uhuru Kenyatta assented to a Bill that caps interest rates to 4 per cent above the Central Bank Rate (CBR) set by the Central Bank of Kenya. In Uganda, several private sector players have urged the government to intervene in the interest... Read more
1m
AllAfrica.com
Banks Cite Gap in New Interest Rates Capping Actdeposit floor. The Act states that interest rate charged by banks will not exc
Banks Cite Gap in New Interest Rates Capping Act
AllAfrica.com / Posted a month ago
deposit floor. The Act states that interest rate charged by banks will not exceed four per cent of the base rate set by Central Bank of Kenya (CBK). "It has been assumed it is the Central Bank Rate (CBR) but CBK may opt to use Kenya Banks... Read more
m
AllAfrica.com
What the New Interest Rates Law Means to Customersthe Banking (Amendment) Act, interest rates will now be capped at no more than
What the New Interest Rates Law Means to Customers
AllAfrica.com / Posted 1 months ago
the Banking (Amendment) Act, interest rates will now be capped at no more than four percent above the base rate set by the Central Bank of Kenya. The Monetary Policy Committee of the Central Bank sets the CBR, which is currently at 10.5 percent,... Read more
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m
AllAfrica.com
Banks Unhappy, but Will Comply With Law Capping Interest Ratesdeposit and lending rates," the President added. Earlier this month, KBA prese
Banks Unhappy, but Will Comply With Law Capping Interest Rates
AllAfrica.com / Posted 1 months ago
deposit and lending rates," the President added. Earlier this month, KBA presented a Memorandum of Understanding to the Central Bank of Kenya intended to address the high cost of borrowing locally. The document covered immediate steps and other... Read more
3 related stories

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