Central Bank of Kenya

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1h
AllAfrica.com
Uganda 'Misses' the Fourth Industrial Revolutionthe forum. Interestingly, there was no Bank of Uganda official at the forum. H
Uganda 'Misses' the Fourth Industrial Revolution
AllAfrica.com / Posted an hour ago
the forum. Interestingly, there was no Bank of Uganda official at the forum. However, Mr Patrick Njoroge, the Governor Central Bank of Kenya (CBK) and Ndulu from BOT were all in attendance discussing how to deal with monetary policy in their... Read more
2h
AllAfrica.com
Is Uganda Ripe for Alternative Banking?Uganda was dilly-dallying before last week finalising regulations that allowed
Is Uganda Ripe for Alternative Banking?
AllAfrica.com / Posted 2 hours ago
Uganda was dilly-dallying before last week finalising regulations that allowed operations of cleared Islamic Banking, the Central Bank of Kenya had since licensed two Islamic Banks while National Bank of Rwanda had licenced an Islamic Microfinance... Read more
4d
AllAfrica.com
Search for Eurobond Answers Take Auditor General to London, Nythe proceeds from Kenya's first international sovereign bond transferred from b
Search for Eurobond Answers Take Auditor General to London, Ny
AllAfrica.com / Posted 4 days ago
the proceeds from Kenya's first international sovereign bond transferred from banks in Europe until it was deposited at the Central Bank of Kenya (CBK). "We have been given appointments now to go and see JP Morgan, Federal Reserve, City... Read more
6d
AllAfrica.com
Stanchart Has No Intention of Buying Out Smaller Banksbanking sector. The bank, which the oldest commercial bank in the country says
Stanchart Has No Intention of Buying Out Smaller Banks
AllAfrica.com / Posted 6 days ago
banking sector. The bank, which the oldest commercial bank in the country says the measures that have been taken by the Central Bank of Kenya will give assurance to stakeholders that the overall banking system is sound. The bank however plans... Read more
6d
AllAfrica.com
Bank of Uganda Clears Islamic Bank Products for BusinessBoU received numerous inquiries from banks seeking to offer Islamic financial p
Bank of Uganda Clears Islamic Bank Products for Business
AllAfrica.com / Posted 6 days ago
BoU received numerous inquiries from banks seeking to offer Islamic financial products. At that time the Central Bank of Kenya, the National Bank of Rwanda and Bank of Tanzania had licensed Islamic banking. Like conventional... Read more
2 related stories
7d
AllAfrica.com
Tide Turns Against Credit Reference Bureaus Over Interest RatesSeven years since credit reference bureaus were put in place by the Central Ban
Tide Turns Against Credit Reference Bureaus Over Interest Rates
AllAfrica.com / Posted 7 days ago
Seven years since credit reference bureaus were put in place by the Central Bank of Kenya, they are yet to contribute to cheaper loans for customers who do not default and lower cases of defaulters. Instead, they have gained a bad reputation with... Read more
7d
AllAfrica.com
End the Circus and Name New KAA Chiefof appointing substantive holders of positions in other areas. There is no excu
End the Circus and Name New KAA Chief
AllAfrica.com / Posted 7 days ago
of appointing substantive holders of positions in other areas. There is no excuse as to why, for example, the board of the Central Bank of Kenya is yet to be named many months after the chairman was appointed. In the meantime, the public has in... Read more
7d
AllAfrica.com
Islamic Banking Cleared for Business, Says Regulatorbanks in Uganda seeking to offer Islamic financial products through Islamic ban
Islamic Banking Cleared for Business, Says Regulator
AllAfrica.com / Posted 7 days ago
banks in Uganda seeking to offer Islamic financial products through Islamic banking "windows". At that time, the Central Bank of Kenya had licensed two Islamic Banks while National Bank of Rwanda had licenced an Islamic Microfinance... Read more
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8d
AllAfrica.com
Court Extends Order Stopping Payment of Imperial Bank Depositorsissued following an application by a Mombasa based billionaire Ashok Doshi and
Court Extends Order Stopping Payment of Imperial Bank Depositors
AllAfrica.com / Posted 8 days ago
issued following an application by a Mombasa based billionaire Ashok Doshi and his wife Amit who have sued the bank and Central Bank of Kenya. At the same time, through lawyer Philip Murgor, the bank which is under receivership is seeking to... Read more
10d
AllAfrica.com
Chase Bank Customers to Access All Servicesrole in providing clients with channels to carry out various transactions. Cha
Chase Bank Customers to Access All Services
AllAfrica.com / Posted 10 days ago
role in providing clients with channels to carry out various transactions. Chase Bank was placed under receivership by the Central Bank of Kenya owing to unsound business conduct. Kenya Commercial Bank (KCB), Kenya's largest bank by assets, was... Read more
12d
AllAfrica.com
CBK Pension Scheme to Build 27 Floor Block in CBDThe Central Bank of Kenya CBK) Pension Scheme is preparing to put up a 27-floor
CBK Pension Scheme to Build 27 Floor Block in CBD
AllAfrica.com / Posted 12 days ago
The Central Bank of Kenya CBK) Pension Scheme is preparing to put up a 27-floor building next to the offices of the President, Deputy President and the Police headquarters. The Sh2.49 billion building will be in the heart of the highly secured... Read more
12d
AllAfrica.com
Statement By IMF First Deputy Managing Director David Lipton At the Conclusion of Visit to Kenyaand exchange views with His Excellency, President Kenyatta, Cabinet Secretary f
Statement By IMF First Deputy Managing Director David Lipton At the Conclusion of Visit to Kenya
AllAfrica.com / Posted 12 days ago
and exchange views with His Excellency, President Kenyatta, Cabinet Secretary for Finance Henry Rotich, Governor of the Central Bank of Kenya Patrick Njoroge, business leaders, and representatives of the civil society. I also had the pleasure to... Read more
13d
AllAfrica.com
Parliament Petitioned to Disband Credit Reference Bureausthe Banking Act and any other relevant laws to disband credit reference bureaus
Parliament Petitioned to Disband Credit Reference Bureaus
AllAfrica.com / Posted 13 days ago
the Banking Act and any other relevant laws to disband credit reference bureaus," said Mr Muturi. According to the Central Bank of Kenya, CRBs help lenders make faster and more accurate credit decisions.The CRBs collect, manage and... Read more
13d
IMF
Statement by IMF First Deputy Managing Director David Lipton at the Conclusion of Visit to Kenyaand exchange views with His Excellency, President Kenyatta, Cabinet Secretary f
Statement by IMF First Deputy Managing Director David Lipton at the Conclusion of Visit to Kenya
IMF / Posted 13 days ago
and exchange views with His Excellency, President Kenyatta, Cabinet Secretary for Finance Henry Rotich, Governor of the Central Bank of Kenya Patrick Njoroge, business leaders, and representatives of the civil society. I also had the pleasure to... Read more
13d
AllAfrica.com
DPP - I Am No Stumbling Block in Tatu City Disputethe vast Tatu City business investment. Through an affidavit, Tobiko urged the
DPP - I Am No Stumbling Block in Tatu City Dispute
AllAfrica.com / Posted 13 days ago
the vast Tatu City business investment. Through an affidavit, Tobiko urged the High Court to dismiss a request by former Central Bank of Kenya governor Nahashon Nyagah, his lawyers and co-petitioners to have him compelled to give an appraisal of... Read more
13d
AllAfrica.com
Poor Governance at Listed Firms Cost Investors Sh246 Billionconfidence and market sentiment, especially for banks in Kenya. In the banking
Poor Governance at Listed Firms Cost Investors Sh246 Billion
AllAfrica.com / Posted 13 days ago
confidence and market sentiment, especially for banks in Kenya. In the banking sector, measures had to be taken by the Central Bank of Kenya (CBK) to provide liquidity to smaller banks and restore confidence. According to the report,... Read more
14d
AllAfrica.com
CBK Loses Bid to Be Removed From Sh4 Billion Pyramid Scheme CaseThe Central Bank of Kenya (CBK) has lost the first round in its bid to be expun
CBK Loses Bid to Be Removed From Sh4 Billion Pyramid Scheme Case
AllAfrica.com / Posted 14 days ago
The Central Bank of Kenya (CBK) has lost the first round in its bid to be expunged from a case over controversial Sh4billion claim levelled against it by victims of pyramid schemes. The ruling by the High Court on Friday, declining to remove CBK... Read more
15d
International Business Times
Op Icarus: Anonymous launches DDoS attacks on 8 international banks Bank of Maldives and the Dutch Central Bank were briefly offline on 6 May, whil
Op Icarus: Anonymous launches DDoS attacks on 8 international banks
International Business Times / Posted 15 days ago
Bank of Maldives and the Dutch Central Bank were briefly offline on 6 May, while the National Bank of Panama and the Central Bank of Kenya were reportedly taken offline a day later. The Central Bank of Mexico and the Central Bank of Bosnia... Read more
18d
AllAfrica.com
Rotich Refers MPs to Uhuru On CBK Board Nominees ListTreasury secretary Henry Rotich has asked MPs to demand the list of nominees fo
Rotich Refers MPs to Uhuru On CBK Board Nominees List
AllAfrica.com / Posted 18 days ago
Treasury secretary Henry Rotich has asked MPs to demand the list of nominees for the Central Bank of Kenya board from President Uhuru Kenyatta who is the appointing authority. Mr Rotich said he has no power to submit the list of the nominees to... Read more
20d
AllAfrica.com
Loans Window Opens for Chase Bank Clientsonly 167,290 account holders (equivalent to 97 per cent) of total depositors ha
Loans Window Opens for Chase Bank Clients
AllAfrica.com / Posted 20 days ago
only 167,290 account holders (equivalent to 97 per cent) of total depositors have full access to their savings. Those with more than Sh1 million would receive their money "in a structured manner" in future, the Central Bank of Kenya had earlier sa... Read more
21d
AllAfrica.com
New CBK Board to Push for More Banking ReformsThe incoming board of the Central Bank of Kenya (CBK) will push for more reform
New CBK Board to Push for More Banking Reforms
AllAfrica.com / Posted 21 days ago
The incoming board of the Central Bank of Kenya (CBK) will push for more reforms and sound policies in the banking sector, chairman Mohammed Nyaoga has said. He said the panel, when fully constituted will in line with its legal mandate, put in place... Read more
21d
AllAfrica.com
Nairobi - 14 Marginalised Counties to Get Sh6 Billion Boostto come up with work plans and submit them before the Controller of Budget appr
Nairobi - 14 Marginalised Counties to Get Sh6 Billion Boost
AllAfrica.com / Posted 21 days ago
to come up with work plans and submit them before the Controller of Budget approves withdrawal of the money from the Central Bank of Kenya. An attempt to change the Constitution to have the money spent through constituencies is yet to be... Read more
23d
AllAfrica.com
CBK Governor Patrick Njoroge - a Portrait of Discipline, EfficiencyTen months ago, Kenyan Members of Parliament vetting Dr Patrick Njoroge for the
CBK Governor Patrick Njoroge - a Portrait of Discipline, Efficiency
AllAfrica.com / Posted 23 days ago
Ten months ago, Kenyan Members of Parliament vetting Dr Patrick Njoroge for the position of Central Bank of Kenya Governor, chose trivia over essentials, quizzing the Yale-educated economist about his bachelorhood and austere lifestyle. "Having... Read more
24d
AllAfrica.com
Central Bank Seizes Sh8 Billion From Chase Bank DirectorsThe Central Bank of Kenya has seized Sh8 billion from disgraced Chase Bank dire
Central Bank Seizes Sh8 Billion From Chase Bank Directors
AllAfrica.com / Posted 24 days ago
The Central Bank of Kenya has seized Sh8 billion from disgraced Chase Bank directors who awarded themselves hefty interest-free loans that brought down the mid-tier lender. Kenya's banking sector regulator on Thursday said it had confiscated all the... Read more
25d
AllAfrica.com
Mixed Bag of Fortunes as Chase Bank Opens Doors to Customersmy cheque book and I tried the Mfukoni app earlier in the day and its working,"
Mixed Bag of Fortunes as Chase Bank Opens Doors to Customers
AllAfrica.com / Posted 25 days ago
my cheque book and I tried the Mfukoni app earlier in the day and its working," said Mr Wachira, an investment banker. The Central Bank of Kenya on April 7, 2016 unexpectedly placed Chase Bank under receivership owing to liquidity problems created... Read more
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25d
AllAfrica.com
Chase Bank Reopens Branchesof new customers, international and domestic transfers were unavailable. Chase
Chase Bank Reopens Branches
AllAfrica.com / Posted 25 days ago
of new customers, international and domestic transfers were unavailable. Chase Bank was placed under receivership by the Central Bank of Kenya (CBK) three weeks ago following a run on deposits and has now been reopened under the management of the... Read more
2 related stories
26d
AllAfrica.com
African Press Review 27 April 2016banks Business Daily has a very high-profile job posting in its headlines this
African Press Review 27 April 2016
AllAfrica.com / Posted 26 days ago
banks Business Daily has a very high-profile job posting in its headlines this morning. According to the paper, the Central Bank of Kenya (CBK) lacks a tech-savvy team to watch over the payment of loans. Speaking in parliament on Monday,... Read more
26d
AllAfrica.com
Chase Bank Revival for Future Referenceenough that the financial markets can be rescued from collapse through concerte
Chase Bank Revival for Future Reference
AllAfrica.com / Posted 26 days ago
enough that the financial markets can be rescued from collapse through concerted and timely actions by the regulator, the Central Bank of Kenya, and other interested parties, in this case the Kenya Commercial Bank. When the Central Bank closed... Read more
26d
AllAfrica.com
Uganda Remittances Hit Shs3.6 Trillionwas followed by Kenya with an 8.6 per cent increase, pushing its remittances to
Uganda Remittances Hit Shs3.6 Trillion
AllAfrica.com / Posted 26 days ago
was followed by Kenya with an 8.6 per cent increase, pushing its remittances to $1.54 billion (Shs5 trillion). The Central Bank of Kenya informed our sister newspaper, The East African that diaspora remittances rose from the previous year's... Read more
27d
AllAfrica.com
Why Big Banks May Not Cut Interest Rates Despite Increase in Depositstook off mounting pressure that had gathered steam since the beginning of the y
Why Big Banks May Not Cut Interest Rates Despite Increase in Deposits
AllAfrica.com / Posted 27 days ago
took off mounting pressure that had gathered steam since the beginning of the year for the lenders to lower their rates. Central Bank of Kenya (CBK) data shows that on average, banks have only marginally reduced borrowing rates. A bank overdraft... Read more
28d
AllAfrica.com
Regulator Faces Barrage of Suits Over Fallen BanksThe Central Bank of Kenya (CBK) has faced a litany of litigation in the past ni
Regulator Faces Barrage of Suits Over Fallen Banks
AllAfrica.com / Posted 28 days ago
The Central Bank of Kenya (CBK) has faced a litany of litigation in the past nine months as the new Governor, Dr Patrick Njoroge, comes down heavily on irregular activities in banks. The CBK has been involved in over six separate suits concerning... Read more
28d
AllAfrica.com
Diaspora Remittances to East Africa On the Riseof Uganda of a $233 million drop due to the tough economic environment the coun
Diaspora Remittances to East Africa On the Rise
AllAfrica.com / Posted 28 days ago
of Uganda of a $233 million drop due to the tough economic environment the country was facing at the time. Data from the Central Bank of Kenya shows diaspora remittances rose from the previous year's $1.41 billion, becoming Kenya's top... Read more
28d
AllAfrica.com
Chase Bank to Retain Identity, Acquisition Likely in Octoberput under receivership two weeks ago. The KCB Group hopes to have completed th
Chase Bank to Retain Identity, Acquisition Likely in October
AllAfrica.com / Posted 28 days ago
put under receivership two weeks ago. The KCB Group hopes to have completed the due diligence on Chase by this time. The Central Bank of Kenya announced that the bank would be opened on Wednesday, April 27, under the management of KCB and that... Read more
28d
AllAfrica.com
Chase Bank Shareholders, Foreign Interests May Have Had a Hand in Reopeningin Germany when the bank was placed under receivership two weeks ago. Then, for
Chase Bank Shareholders, Foreign Interests May Have Had a Hand in Reopening
AllAfrica.com / Posted 28 days ago
in Germany when the bank was placed under receivership two weeks ago. Then, for the first time since the Governor of the Central Bank of Kenya Dr Patrick Njoroge took office, the president spoke about his confidence in the Yale-trained... Read more
28d
AllAfrica.com
Kenyan Banks Assure Rwandans Money Is Safe After 'Nairobi Crisis'where in the past nine months three banks have been put under receivership, wit
Kenyan Banks Assure Rwandans Money Is Safe After 'Nairobi Crisis'
AllAfrica.com / Posted 28 days ago
where in the past nine months three banks have been put under receivership, with the latest being Chase Bank. Though the Central Bank of Kenya last week appointed KCB to manage Chase Bank and have it reopened on April 27, the bank's troubles are... Read more
28d
AllAfrica.com
Raila Heaps Scorn on Sh38 Billion Health Deal, Says Swelling Debt Is Too MuchMeru, Mr Odinga told the Ethics and Anti-Corruption Commission Chairman Philip
Raila Heaps Scorn on Sh38 Billion Health Deal, Says Swelling Debt Is Too Much
AllAfrica.com / Posted 28 days ago
Meru, Mr Odinga told the Ethics and Anti-Corruption Commission Chairman Philip Kinisu, who was present, to ensure that the Central Bank of Kenya Governor Patrick Njoroge revealed the whereabouts of the Eurobond funds. He reiterated that although... Read more
28d
AllAfrica.com
Family Bank Settles On Its New CEOlead the implementation of its growth plans. "The board has actually picked a
Family Bank Settles On Its New CEO
AllAfrica.com / Posted 28 days ago
lead the implementation of its growth plans. "The board has actually picked a CEO. We are just seeking approval from the Central Bank of Kenya. We expect a smooth handover. The transition is being handled very well," said Mr Kiboro, on the... Read more
29d
AllAfrica.com
So, Welcome Back, Chase BankOn Wednesday morning, the Governor of the Central Bank of Kenya announced that
So, Welcome Back, Chase Bank
AllAfrica.com / Posted 29 days ago
On Wednesday morning, the Governor of the Central Bank of Kenya announced that Chase Bank would soon reopen. The re-opening will be facilitated by KCB, and comes a day after unconfirmed reports that QNB of Qatar were ahead in the race to take over... Read more
2 related stories
29d
AllAfrica.com
Internal Fraud Bleeds Banks Dryit serves Zenith Bank in UK, HFC Bank in Ghana; Swazi Bank, Commercial Bank of
Internal Fraud Bleeds Banks Dry
AllAfrica.com / Posted 29 days ago
it serves Zenith Bank in UK, HFC Bank in Ghana; Swazi Bank, Commercial Bank of Ethiopia; Central Bank of Nigeria. The Central Bank of Kenya has instructed bank auditors to probe financial statements as well as interrogate IT systems for risks.... Read more
29d
AllAfrica.com
Central Bank Governor Inspires Chase Bank StaffSuccess of the plan to re-open Chase Bank on Sunday roused Central Bank of Keny
Central Bank Governor Inspires Chase Bank Staff
AllAfrica.com / Posted 29 days ago
Success of the plan to re-open Chase Bank on Sunday roused Central Bank of Kenya Governor Patrick Njoroge to tweet motivation messages to the troubled bank staff and its new managers, KCB Bank. Chase Bank branches will open their doors on Wednesday... Read more
2 related stories
1m
AllAfrica.com
There Is Hope Yet for Banks in Kenyayear, I am cautiously optimistic about Kenyan banking. I have every confidence
There Is Hope Yet for Banks in Kenya
AllAfrica.com / Posted a month ago
year, I am cautiously optimistic about Kenyan banking. I have every confidence in Dr Patrick Njoroge, the Governor of the Central Bank of Kenya. When Dr Njoroge emphasises that his office is independent and hence largely impervious to political... Read more
4 related stories
1m
AllAfrica.com
Bankers to Kick Out Errant Membersthat the inter-bank exchange is already fraught with suspicion that has seen ba
Bankers to Kick Out Errant Members
AllAfrica.com / Posted a month ago
that the inter-bank exchange is already fraught with suspicion that has seen banks reduce lending to each other forcing the Central Bank of Kenya (CBK) to intervene. According to the latest CBK data, the number of deals between banks fell to an... Read more
1m
AllAfrica.com
KBA to Set New Self Regulatory Rules for Banks in Junethe recent shakeup in the financial sector which saw at least three banks colla
KBA to Set New Self Regulatory Rules for Banks in June
AllAfrica.com / Posted a month ago
the recent shakeup in the financial sector which saw at least three banks collapse. "Auditors have upped their game; the Central Bank of Kenya has stood tough; so even banks have to up their game. There is no room for lack of governance and... Read more
m
AllAfrica.com
Chase Bank Re-Opens in a Week Under KCB ManagementNairobi — The Central Bank of Kenya (CBK) says Chase Bank will re-open on April
Chase Bank Re-Opens in a Week Under KCB Management
AllAfrica.com / Posted 1 months ago
Nairobi — The Central Bank of Kenya (CBK) says Chase Bank will re-open on April 27 under the management of KCB Group Limited. CBK Governor Patrick Njoroge on Wednesday indicated that depositors will be able to access up to Sh1 million and any new... Read more
4 related stories
m
AllAfrica.com
KCB Acquires Chase Bank, Branches to Reopen in 7 DaysNairobi — The Central Bank of Kenya has settled on Kenya Commercial Bank's bid
KCB Acquires Chase Bank, Branches to Reopen in 7 Days
AllAfrica.com / Posted 1 months ago
Nairobi — The Central Bank of Kenya has settled on Kenya Commercial Bank's bid to acquire a majority stake in Chase Bank, with a promise of reopening the bank in a week's time. According to CBK Governor Dr. Patrick Njoroge, KCB scooped the bid from... Read more
4 related stories
m
AllAfrica.com
Court Stops CBK, Imperial Bank From Paying Depositorsfollowing an application by Mombasa based billionaire Ashok Doshi and his wife
Court Stops CBK, Imperial Bank From Paying Depositors
AllAfrica.com / Posted 1 months ago
following an application by Mombasa based billionaire Ashok Doshi and his wife Amit. The two have sued Imperial Bank and Central Bank of Kenya. The scheme has been suspended pending hearing and determination of the application. In their suit... Read more
m
AllAfrica.com
Chase Bank to ReopenChase Bank will be reopened next Wednesday after the Central Bank of Kenya agre
Chase Bank to Reopen
AllAfrica.com / Posted 1 months ago
Chase Bank will be reopened next Wednesday after the Central Bank of Kenya agreed with Kenya Commercial Bank (KCB) on modalities to bring the collapsed lender back on its feet. The Central Bank of Kenya and the Kenya Deposit Insurance Corporation... Read more
4 related stories

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