Central Bank of Kenya

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2d
AllAfrica.com
Uhuru Asked to Help Release Five Kenyans Held in South SudanBy Nancy Agutu and Collins Kweyu Supporters of five Kenyans detained in South
Uhuru Asked to Help Release Five Kenyans Held in South Sudan
AllAfrica.com / Posted 2 days ago
By Nancy Agutu and Collins Kweyu Supporters of five Kenyans detained in South Sudan marched in the Nairobi CBD on Thursday appealing for the state's intervention in their release. Ravi Ghaghda, Peter Nkonge, Boniface Chuma, Anthony Wazome and... Read more
2d
AllAfrica.com
Senate Edged Out in Bid to Vet CBK Governor NomineeThe National Assembly has amended the Central Bank of Kenya Act to give MPs the
Senate Edged Out in Bid to Vet CBK Governor Nominee
AllAfrica.com / Posted 2 days ago
The National Assembly has amended the Central Bank of Kenya Act to give MPs the sole powers to vet and approve the appointment of Central Bank governor. Members of Parliament inserted a new clause to the Act while debating the Finance Bill 2015 on... Read more
2d
AllAfrica.com
MP Midiwo's Bid to Cap Bank Interest Rates Flops AgainNairobi — A fresh attempt by Deputy Minority Leader Jakoyo Midiwo to cap bank i
MP Midiwo's Bid to Cap Bank Interest Rates Flops Again
AllAfrica.com / Posted 2 days ago
Nairobi — A fresh attempt by Deputy Minority Leader Jakoyo Midiwo to cap bank interest rates flopped after the Budget and Appropriations Committee opposed it saying it was unconstitutional. The committee chairman Mutava Musyimi said the proposed... Read more
2d
AllAfrica.com
Study Set to Harmonise Mobile Cash Transfer Fees in East AfricaThe central banks of four East African countries are conducting a study that wi
Study Set to Harmonise Mobile Cash Transfer Fees in East Africa
AllAfrica.com / Posted 2 days ago
The central banks of four East African countries are conducting a study that will set the baseline for money transfer fees across the region. Heads of state in Uganda, Kenya, Rwanda and South Sudan in a June directive ordered individual bank... Read more
3d
AllAfrica.com
Safaricom Suspends New Bank-Third-Party Mpesa Tariffs to December 1, 2015In order to avoid the potential of a fallout with its banking partners, Safaric
Safaricom Suspends New Bank-Third-Party Mpesa Tariffs to December 1, 2015
AllAfrica.com / Posted 3 days ago
In order to avoid the potential of a fallout with its banking partners, Safaricom has moved first to suspend its new rates for bank to third party MPesa accounts which took effect less than a month ago on August 1, 2015. The revised tariffs for bank... Read more
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3d
AllAfrica.com
Housing Finance Rebrands to Reflect New ServicesThe HF group, an integrated property and financial solutions provider, has rebr
Housing Finance Rebrands to Reflect New Services
AllAfrica.com / Posted 3 days ago
The HF group, an integrated property and financial solutions provider, has rebranded, with new logos for the group and its subsidiaries in line with its strategy of becoming a diversified player in the financial industry. HF early this month... Read more
3d
AllAfrica.com
Construction of Buildings to Be Completed Within Five YearsProperty developers and individuals building homes will have to complete constr
Construction of Buildings to Be Completed Within Five Years
AllAfrica.com / Posted 3 days ago
Property developers and individuals building homes will have to complete construction within five years or face penalties under a new law proposed by the government. The Physical Planning Bill, 2015 say the five-year period will start once an... Read more
4d
AllAfrica.com
Safaricom Raises Fees for Banks Using M-Pesa PlatformKenya's leading mobile phone operator Safaricom has announced it will increase
Safaricom Raises Fees for Banks Using M-Pesa Platform
AllAfrica.com / Posted 4 days ago
Kenya's leading mobile phone operator Safaricom has announced it will increase charges for banks using its M-Pesa platform to transfer funds from customers' bank accounts to third parties' mobile money wallets. In a statement Wednesday, the firm... Read more
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5d
AllAfrica.com
MPs Plan Crisis Meeting Over Sh17 Billion Teachers Salary CrisisMPs will meet on Wednesday to discuss teachers' pay rise which has plunged the
MPs Plan Crisis Meeting Over Sh17 Billion Teachers Salary Crisis
AllAfrica.com / Posted 5 days ago
MPs will meet on Wednesday to discuss teachers' pay rise which has plunged the government into a major crisis. The government has just one week to raise Sh1.4 billion after Teachers Service Commission lost a court battle to stop implementation of... Read more
5d
AllAfrica.com
Dubai Bank Depositors to Get Refunds, Liquidator SaysDepositors in Kenya's Dubai Bank have been asked to complete and return claim f
Dubai Bank Depositors to Get Refunds, Liquidator Says
AllAfrica.com / Posted 5 days ago
Depositors in Kenya's Dubai Bank have been asked to complete and return claim forms in respect of their deposits in order to get refunds from the collapsed lender. In a statement, Aggrey Bett, the acting chief executive officer of Kenya Deposit... Read more
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6d
AllAfrica.com
DMO - Restructured Loans to Reduce States' Debt Burden By 55 Percent-97 PercentAbuja — The Director General, Debt Management Office (DMO), Mr. Abraham Nwankwo
DMO - Restructured Loans to Reduce States' Debt Burden By 55 Percent-97 Percent
AllAfrica.com / Posted 6 days ago
Abuja — The Director General, Debt Management Office (DMO), Mr. Abraham Nwankwo, monday said the recent restructuring of 11 state governments' short-term bank loans into long-term Federal Government of Nigeria (FGN) Bonds would cut their monthly debt... Read more
6d
AllAfrica.com
Higher Core Capital to Cut Interest Rates, Says RotichTreasury Cabinet Secretary Henry Rotich says raising core capital will help cut
Higher Core Capital to Cut Interest Rates, Says Rotich
AllAfrica.com / Posted 6 days ago
Treasury Cabinet Secretary Henry Rotich says raising core capital will help cut interest rates for lenders. Mr Rotich has differed with the Central Bank of Kenya (CBK) Governor Patrick Njoroge, who told Parliament to halt the proposed increase of... Read more
6d
AllAfrica.com
N322.8 Billion Debt Restructured for 11 States - DMOThe Debt Management Office (DMO) yesterday put the total value of the debt rest
N322.8 Billion Debt Restructured for 11 States - DMO
AllAfrica.com / Posted 6 days ago
The Debt Management Office (DMO) yesterday put the total value of the debt restructured for the 11 cash trapped states at N322.788 billion. With this restructuring, the states' monthly debt service have been reduced to a minimum of 55 per cent and a... Read more
7d
AllAfrica.com
CBK Orders Liquidation of Dubai BankNairobi — The Central Bank of Kenya (CBK) has given the go-ahead for the closur
CBK Orders Liquidation of Dubai Bank
AllAfrica.com / Posted 7 days ago
Nairobi — The Central Bank of Kenya (CBK) has given the go-ahead for the closure of Dubai Bank Kenya and appointed Kenya Deposit Insurance Corporation (KDIC) as the liquidator as per the law. KDIC, which was earlier named the receiver when the bank... Read more
5 related stories
10d
AllAfrica.com
As Shilling Weakens, Real Estate Sector Hurts From Rising CostsKenya's real estate market is at a crossroads because, as developers keep tryin
As Shilling Weakens, Real Estate Sector Hurts From Rising Costs
AllAfrica.com / Posted 10 days ago
Kenya's real estate market is at a crossroads because, as developers keep trying to bridge the housing deficit, the market dynamics seem unlikely to support their intentions. Of particular concern to developers is the fact that construction costs... Read more
12d
AllAfrica.com
Dubai Bank to Remain Open for DebtorsDubai Bank, which was taken over by the Central Bank of Kenya last week, will r
Dubai Bank to Remain Open for Debtors
AllAfrica.com / Posted 12 days ago
Dubai Bank, which was taken over by the Central Bank of Kenya last week, will remain open until next month but to only receive repayments from debtors. Jonathan Bett, the acting chief executive of the Kenya Deposit Insurance Corporation, said a... Read more
2 related stories
12d
AllAfrica.com
Receiver to Determine the Fate of Dubai BankInvestors, depositors and creditors in the insolvent Dubai Bank will know the s
Receiver to Determine the Fate of Dubai Bank
AllAfrica.com / Posted 12 days ago
Investors, depositors and creditors in the insolvent Dubai Bank will know the status of their funds on September 1, the Kenya Deposit Insurance Corporation said yesterday after taking over the lender. KDIC acting chief executive Aggrey Bett said... Read more
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12d
AllAfrica.com
Dubai Bank Clients to Know Fate of Their Monies Sep 1Nairobi — All depositors and creditors of the collapsed Dubai Bank will know th
Dubai Bank Clients to Know Fate of Their Monies Sep 1
AllAfrica.com / Posted 12 days ago
Nairobi — All depositors and creditors of the collapsed Dubai Bank will know the fate accessing their monies come September 1, 2015. This is according to the recently appointed receiver, Kenya Deposit Insurance Corporation (KDIC), which says it will... Read more
2 related stories
13d
AllAfrica.com
Sh113 Billion Goes Via Bank Agents in Three MonthsCommercial bank agents transacted Sh113 billion between April and June 2015 poi
Sh113 Billion Goes Via Bank Agents in Three Months
AllAfrica.com / Posted 13 days ago
Commercial bank agents transacted Sh113 billion between April and June 2015 pointing to growing significance of the service that has seen many people opt out of banking halls to make transactions. By the end of June this year, the agents, who make... Read more
13d
AllAfrica.com
Dubai Bank Fall - Regulator Can Play No-See-No-Hear for So LongA banana skin appears to have fallen a giant following the take-over of Dubai B
Dubai Bank Fall - Regulator Can Play No-See-No-Hear for So Long
AllAfrica.com / Posted 13 days ago
A banana skin appears to have fallen a giant following the take-over of Dubai Bank by the Central Bank of Kenya for one year over failure to meet immediate obligations of Ksh53.6 million ($536,000). The money was owed to Bank of Africa Kenya Limited... Read more
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13d
AllAfrica.com
Dubai Bank Sinks Under Debt and Violating Regulator RulesThe Central Bank of Kenya has placed Dubai Bank under receivership after the le
Dubai Bank Sinks Under Debt and Violating Regulator Rules
AllAfrica.com / Posted 13 days ago
The Central Bank of Kenya has placed Dubai Bank under receivership after the lender failed to repay money borrowed from other financial institutions to keep it afloat. Announcing the move, Central Bank said the action was taken "in the interest of... Read more
14d
AllAfrica.com
KRA Clears 26 Firms After Hearing Excise Duty Licence AppealsManufacturers and importers of excisable goods on Friday rushed to beat the Ken
KRA Clears 26 Firms After Hearing Excise Duty Licence Appeals
AllAfrica.com / Posted 14 days ago
Manufacturers and importers of excisable goods on Friday rushed to beat the Kenya Revenue Authority licensing deadline causing a delay in release of the final list of compliant companies. KRA had given the manufactures two weeks to comply with the... Read more
15d
AllAfrica.com
Dubai Bank Kenya Placed in ReceivershipThe Central Bank of Kenya (CBK) has placed Dubai Bank under receivership after
Dubai Bank Kenya Placed in Receivership
AllAfrica.com / Posted 15 days ago
The Central Bank of Kenya (CBK) has placed Dubai Bank under receivership after breaching the cash reserve ratio for the last one month and failing to honour its financial obligation. According to CBK, the Kenya Deposit Insurance Corporation (KDIC)... Read more
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15d
AllAfrica.com
Dubai Bank Kenya Placed Under ReceivershipNairobi — The Central Bank of Kenya (CBK) has placed Dubai Bank Kenya under rec
Dubai Bank Kenya Placed Under Receivership
AllAfrica.com / Posted 15 days ago
Nairobi — The Central Bank of Kenya (CBK) has placed Dubai Bank Kenya under receivership following what it termed as "serious liquidity challenges and capital deficiencies." The regulator has in the meantime appointed Kenya Deposit Insurance... Read more
2 related stories
18d
AllAfrica.com
Shilling to Weaken Further By End of 2016The shilling could touch 107 against the dollar by the end of 2016, as the dema
Shilling to Weaken Further By End of 2016
AllAfrica.com / Posted 18 days ago
The shilling could touch 107 against the dollar by the end of 2016, as the demand for the greenback from importers continues to grow, an analyst at Citi Bank has said. Citi Bank chief Africa economist David Cowan, however, has urged policymakers to... Read more
19d
AllAfrica.com
Dempster, Mmbijjewe Resign From EcobankEcobank Transnational Incorporated (ETI) has notified the Nigerian Stock Exchan
Dempster, Mmbijjewe Resign From Ecobank
AllAfrica.com / Posted 19 days ago
Ecobank Transnational Incorporated (ETI) has notified the Nigerian Stock Exchange (NSE) that Mrs. Sheila Mmbijjewe and Graham Dempster have resigned from its Board. Mrs. Mmbijjewe's resignation follows her appointment as Deputy Governor of the... Read more
19d
AllAfrica.com
Failed Bank's Clients Could Lose a BillionDepositors of the collapsed Trust Bank may have lost close to Sh1.2 billion aft
Failed Bank's Clients Could Lose a Billion
AllAfrica.com / Posted 19 days ago
Depositors of the collapsed Trust Bank may have lost close to Sh1.2 billion after owners of Integrity Centre struck a deal to clear the outstanding debt, MPs heard yesterday. According to Ethics and Anti-Corruption Commission Chief Executive Halakhe... Read more
3 related stories
20d
AllAfrica.com
CBK Boss Loses Tatu City Cases in MauritiusKenyan shareholders in the huge Tatu City housing project are fighting among th
CBK Boss Loses Tatu City Cases in Mauritius
AllAfrica.com / Posted 20 days ago
Kenyan shareholders in the huge Tatu City housing project are fighting among themselves in Mauritius where former Central Bank of Kenya Governor Nahashon Nyagah has just lost two court cases. As a result, Nyagah's stake in Blackknight Holdings, a... Read more
21d
AllAfrica.com
Weak Shilling - Kenya Goes for Affordable Option to Pay Off External DebtsKenya is considering entering into contracts with both local and foreign banks
Weak Shilling - Kenya Goes for Affordable Option to Pay Off External Debts
AllAfrica.com / Posted 21 days ago
Kenya is considering entering into contracts with both local and foreign banks to buy dollars at agreed prices in order to pay its external debts in the wake of a weakening shilling and higher interest rates. National Treasury Cabinet Secretary... Read more
21d
AllAfrica.com
How Banks and People 'Collude' to Make MoneyEverybody knows how to make money, don't they? You do some work and get paid fo
How Banks and People 'Collude' to Make Money
AllAfrica.com / Posted 21 days ago
Everybody knows how to make money, don't they? You do some work and get paid for it. But where does the person paying you get it from? Money is made through collusion between a commercial bank and its customer. Suppose you have some property --... Read more
24d
AllAfrica.com
Central Bank Faults Sh5 Billion Core Capital PlanA plan by the Treasury to have banks increase their minimum core capital to Sh5
Central Bank Faults Sh5 Billion Core Capital Plan
AllAfrica.com / Posted 24 days ago
A plan by the Treasury to have banks increase their minimum core capital to Sh5 billion by December 2018 has met opposition from the industry watchdog. Central Bank of Kenya governor, Dr Patrick Njoroge, has said the proposed rules would force small... Read more
2 related stories
24d
AllAfrica.com
CBK Governor Rejects Bid to Raise Banks' Core CapitalNairobi — Central Bank of Kenya Governor Patrick Njoroge has opposed a Treasury
CBK Governor Rejects Bid to Raise Banks' Core Capital
AllAfrica.com / Posted 24 days ago
Nairobi — Central Bank of Kenya Governor Patrick Njoroge has opposed a Treasury proposal to raise banks' core capital to Sh5 billion within the next three years, saying this will increase the dominance of the big players and lead to consolidation of... Read more
2 related stories
24d
AllAfrica.com
Tourism Promotion Funds Yet to Be Released By TreasuryThe tourism sector will have to wait another month before embarking on the tour
Tourism Promotion Funds Yet to Be Released By Treasury
AllAfrica.com / Posted 24 days ago
The tourism sector will have to wait another month before embarking on the tourism recovery campaign as fund earmarked for this have yet to be released by Treasury. The Ministry of Tourism was allocated Sh5.2 billion in the 2015/16 budget for... Read more
24d
AllAfrica.com
Ecobank Transnational Incorporated Announces Board ChangesEcobank Transnational Incorporated (ETI), parent company of the Ecobank Group,
Ecobank Transnational Incorporated Announces Board Changes
AllAfrica.com / Posted 24 days ago
Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group, announces the resignation from its Board of Directors of Mrs Sheila Mmbijjewe. Mrs Mmbijjewe's resignation follows her appointment as Deputy Governor of the Central Bank... Read more
24d
AllAfrica.com
Kenya Central Bank Maintains Key Lending Rate At 11.5 PercentThe Central Bank of Kenya has surprised the market by not raising the rate at w
Kenya Central Bank Maintains Key Lending Rate At 11.5 Percent
AllAfrica.com / Posted 24 days ago
The Central Bank of Kenya has surprised the market by not raising the rate at which it lends to distressed banks. Keeping the Central Bank Rate at 11.5 per cent signals stability in lending interest rates, sparing borrowers higher cost of servicing... Read more
4 related stories
25d
AllAfrica.com
Central Bank Leaves Policy Rate UnchangedThe Central Bank of Kenya surprised markets Wednesday by leaving its policy rat
Central Bank Leaves Policy Rate Unchanged
AllAfrica.com / Posted 25 days ago
The Central Bank of Kenya surprised markets Wednesday by leaving its policy rate unchanged at 11.50 per cent after an emergency meeting. Virtually all the analysts whom Nation had spoken to prior to the Monetary Policy Meeting (MPC) were in favour... Read more
4 related stories
25d
AllAfrica.com
US-Kenya Gov't MOU - Kenya to Use ICTs to Reduce CorruptionThe Kenya government will use technology to help reduce or eradicate opportunit
US-Kenya Gov't MOU - Kenya to Use ICTs to Reduce Corruption
AllAfrica.com / Posted 25 days ago
The Kenya government will use technology to help reduce or eradicate opportunities, finalise the government's complaints and corruption reporting web portal for citizen use by December 2015 and publish the complaints' data received according to a... Read more
27d
AllAfrica.com
70 Percent of Kenyans Now Have Access to the InternetThe number of internet users in the country jumped by 11.4 percentage points to
70 Percent of Kenyans Now Have Access to the Internet
AllAfrica.com / Posted 27 days ago
The number of internet users in the country jumped by 11.4 percentage points to hit 29.15 million, thanks largely to a steady growth of mobile data subscriptions. The latest Communications Authority of Kenya statistics shows 2.5 million new data... Read more
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27d
AllAfrica.com
From Obama to Ng'weno to Kirubi - the Harvard Trailblazers in KenyaOne of the most significant moments in the careers of both Barack and Michelle
From Obama to Ng'weno to Kirubi - the Harvard Trailblazers in Kenya
AllAfrica.com / Posted 27 days ago
One of the most significant moments in the careers of both Barack and Michelle Obama was their admission to Harvard Law School. Harvard is the ultimate law school in the world, and this was one of the points raised by Obama during his 2004 keynote... Read more
27d
AllAfrica.com
Firms Brace for Tough Times as Rates SoarKenyan firms foresee a tough business environment over the next three months as
Firms Brace for Tough Times as Rates Soar
AllAfrica.com / Posted 27 days ago
Kenyan firms foresee a tough business environment over the next three months as loans become more expensive negatively impacting on their expansion plans and operations. According to the latest Business Sentiment Indicator survey by Standard... Read more
28d
AllAfrica.com
Kenya and U.S. Agree Deal On Stringent Measures to Stem Runaway CorruptionBy Isaac Ongiri and Samwel Born Maina An agreement signed between Kenya and th
Kenya and U.S. Agree Deal On Stringent Measures to Stem Runaway Corruption
AllAfrica.com / Posted 28 days ago
By Isaac Ongiri and Samwel Born Maina An agreement signed between Kenya and the American government could introduce new drastic measures in curbing corruption and help seal loopholes in the dwindling war against the vice in the government. But the... Read more
28d
AllAfrica.com
Win for Tourism As Big UK Tour Firms Plan Kenya ReturnLondon — Three major British tour operators are due to restart bookings to Keny
Win for Tourism As Big UK Tour Firms Plan Kenya Return
AllAfrica.com / Posted 28 days ago
London — Three major British tour operators are due to restart bookings to Kenyan beach resorts beginning September, bringing welcome relief to a beleaguered sector which has seen a sharp drop in tourist numbers over the last two years. The tour... Read more
28d
AllAfrica.com
Man Sues to Stop Cashless Fare SystemA commuter has gone to court to stop the public service vehicles cashless payme
Man Sues to Stop Cashless Fare System
AllAfrica.com / Posted 28 days ago
A commuter has gone to court to stop the public service vehicles cashless payment scheme scheduled to start on December 1. James Mugo filed an urgent application at the High Court yesterday, saying the cashless system recently launched by President... Read more
1m
AllAfrica.com
MPs Query Presence of Banned NGO At Obama MeetNairobi — Members of Parliament are raising concerns over how a banned Non-Gove
MPs Query Presence of Banned NGO At Obama Meet
AllAfrica.com / Posted a month ago
Nairobi — Members of Parliament are raising concerns over how a banned Non-Governmental Organisation was included in the list of civil society groups that met US President Barack Obama during his Kenya trip. Budalang'i MP Ababu Namwamba revealed... Read more

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