Central Bank of Kenya

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1d
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 yesterday
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
1d
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 yesterday
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
3d
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 3 days 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
3d
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 3 days 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
3d
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 3 days 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
3d
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 3 days 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
3d
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 3 days 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
4d
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 4 days 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
6d
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 6 days 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
6d
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 6 days 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
7d
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 7 days 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
7d
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 7 days 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
4 related stories
7d
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 7 days 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
8d
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 8 days 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
8d
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 8 days 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
3 related stories
8d
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 8 days 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
4 related stories
8d
AllAfrica.com
Shareholders Block Transfer of Imperial Bank Assets to NICThe High Court has stopped the Central Bank of Kenya from transferring any asse
Shareholders Block Transfer of Imperial Bank Assets to NIC
AllAfrica.com / Posted 8 days ago
The High Court has stopped the Central Bank of Kenya from transferring any assets or liabilities of Imperial Bank to NIC Bank after the collapsed lender's owners challenged the move as part of plans to liquidate the bank. Judge George Odunga... Read more
4 related stories
8d
AllAfrica.com
UK Referendum Vote Casts Shadow On Region's Economiesthe country is one of those at a high risk of being hit by economic shocks asso
UK Referendum Vote Casts Shadow On Region's Economies
AllAfrica.com / Posted 8 days ago
the country is one of those at a high risk of being hit by economic shocks associated with Britain's plebiscite today. The central bank of Kenya governor Patrick Njoroge, a former IMF economist, told the media that East Africa's largest economy... Read more
9d
AllAfrica.com
Liquidation Looms With Nic Set to Take Over Imperial Bankof all Imperial assets and liabilities that it will not have disposed of, the C
Liquidation Looms With Nic Set to Take Over Imperial Bank
AllAfrica.com / Posted 9 days ago
of all Imperial assets and liabilities that it will not have disposed of, the CBK said., following an agreement with the Central Bank of Kenya (CBK). The move signals the banking sector regulator's intention to liquidate Imperial Bank through... Read more
4 related stories
9d
AllAfrica.com
Oriental Bank Rebrands, Eyes Family Businessesits shareholders under the M Holdings Group agreed to buy 51 per cent stake in
Oriental Bank Rebrands, Eyes Family Businesses
AllAfrica.com / Posted 9 days ago
its shareholders under the M Holdings Group agreed to buy 51 per cent stake in Oriental Commercial Bank. On June 22, the Central Bank of Kenya (CBK) cleared the acquisition of a 51 per cent stake in the shareholding of Oriental Commercial Bank by... Read more
3 related stories
9d
AllAfrica.com
Kenya to Feel the Pain of Britain's Possible EU Exitwith Britain's plebiscite tomorrow on whether to dump or keep its membership in
Kenya to Feel the Pain of Britain's Possible EU Exit
AllAfrica.com / Posted 9 days ago
with Britain's plebiscite tomorrow on whether to dump or keep its membership in the European Union, economists said. The Central Bank of Kenya governor Patrick Njoroge, who is a former IMF economist, said East Africa's largest economy would "feel... Read more
10d
AllAfrica.com
NIC to Compensate Imperial Bank Depositors in New Dealhave made it clear to me that they no longer have the Ksh10 billion ($98.79 mil
NIC to Compensate Imperial Bank Depositors in New Deal
AllAfrica.com / Posted 10 days ago
have made it clear to me that they no longer have the Ksh10 billion ($98.79 million) required to reopen the bank," the Central Bank of Kenya governor Patrick Njoroge told journalists in Nairobi on Tuesday. Imperial Bank was placed under... Read more
4 related stories
10d
AllAfrica.com
Dr Kimei Aims Higher After Winning Top Award in Banking LeadershipIf I want to cross to Kenya, for example, I just open a branch like I open in T
Dr Kimei Aims Higher After Winning Top Award in Banking Leadership
AllAfrica.com / Posted 10 days ago
If I want to cross to Kenya, for example, I just open a branch like I open in Tanzania, because it will be supervised by Central Bank of Kenya like what our Central Bank does due to harmonisation of regulations-- the same will apply to Uganda,... Read more
10d
AllAfrica.com
Academic Giants Dominate Nairobi County Music Festivalcases as well as the teachers' pay. Starehe Boys Centre carried the day with t
Academic Giants Dominate Nairobi County Music Festival
AllAfrica.com / Posted 10 days ago
cases as well as the teachers' pay. Starehe Boys Centre carried the day with their set-piece, Banki [email protected] Central Bank of Kenya (CBK) will mark its 50th anniversary in September 2016. To celebrate this historic event, the bank has... Read more
10d
AllAfrica.com
Moment of Reckoning for Kenya's Banking Sectorthe report states. According to the report, there is now a much firmer, and mu
Moment of Reckoning for Kenya's Banking Sector
AllAfrica.com / Posted 10 days ago
the report states. According to the report, there is now a much firmer, and much more trusted, regulator in place at Central Bank of Kenya which will see increased emphasis going to be placed on corporate governance, professional ethics, as... Read more
3 related stories
11d
AllAfrica.com
Tanzanian Bank Eyes Expansion After East African Monetary UnionIf I want to cross to Kenya, for example, I just open a branch like I open in T
Tanzanian Bank Eyes Expansion After East African Monetary Union
AllAfrica.com / Posted 11 days ago
If I want to cross to Kenya, for example, I just open a branch like I open in Tanzania, because it will be supervised by Central Bank of Kenya like what our central bank does," Dr Kimei said. The monetary union would also apply to Uganda,... Read more
12d
KECI Missoula
Meet the hip hop grandpas of Kenyaremote areas within Africa to explore, party and enjoy themselves in exclusivit
Meet the hip hop grandpas of Kenya
KECI Missoula / Posted 12 days ago
remote areas within Africa to explore, party and enjoy themselves in exclusivity. Mrs. Kamau Njuguna - former governor, central bank of Kenya (1980-1985) - Macharia and Abraham managed to catch up with three of these group of extraordinary... Read more
6 related stories
14d
AllAfrica.com
Uhuru Meets Kenyans in Belgium, Assures to Prioritise Diaspora Intereststheir input. "It is important to note that the diaspora provides considerable
Uhuru Meets Kenyans in Belgium, Assures to Prioritise Diaspora Interests
AllAfrica.com / Posted 14 days ago
their input. "It is important to note that the diaspora provides considerable support through remittances. In fact, the Central Bank of Kenya has reported that remittances increased by 11.2 percent in the last one year," said the President. He... Read more
16d
AllAfrica.com
Imperial Bank Directors Win Reprieve After Court Halts Sh2 Billion Bond ProbeAdvisory Team (comprising Dyer & Blair, Hamilton Harrison & Mathews and PKF Ken
Imperial Bank Directors Win Reprieve After Court Halts Sh2 Billion Bond Probe
AllAfrica.com / Posted 16 days ago
Advisory Team (comprising Dyer & Blair, Hamilton Harrison & Mathews and PKF Kenya) with the relevant authorities being Central Bank of Kenya, CMA, and Nairobi Securities Exchange (NSE). However, at a meeting between the directors and CMA on... Read more
17d
AllAfrica.com
Chase Bank Directors Blame Auditors Deloitte for Lender's Fallof the Musharakah assets or the principles of Islamic banking. We saw the audit
Chase Bank Directors Blame Auditors Deloitte for Lender's Fall
AllAfrica.com / Posted 17 days ago
of the Musharakah assets or the principles of Islamic banking. We saw the auditor submitted its report directly to the Central Bank of Kenya and caused publication of the same in local dailies without our involvement. As it stands, Chase Bank... Read more
22d
AllAfrica.com
Government of Kenya to Proceed With the Roll-Out of M-Akibaof two days to buy a government bond in a process that required customers to ap
Government of Kenya to Proceed With the Roll-Out of M-Akiba
AllAfrica.com / Posted 22 days ago
of two days to buy a government bond in a process that required customers to apply for a bond CDS Account, take forms to Central Bank of Kenya, and deposit funds with a broker. M-Akiba however makes the process instantaneous. The M-Akiba bond is... Read more
23d
AllAfrica.com
Tanzania's Bank M to Cross-List On Dar, Nairobi Stock Marketsand get the right trust in the market," said Ms Woiso. The deal has the nod of
Tanzania's Bank M to Cross-List On Dar, Nairobi Stock Markets
AllAfrica.com / Posted 23 days ago
and get the right trust in the market," said Ms Woiso. The deal has the nod of the Competition Authority of Kenya and the Central Bank of Kenya gave the green light in May last year. Last year Oriental Shareholders approved the allotment of... Read more
23d
AllAfrica.com
Imperial Bank Chiefs Turn Heat on Central Bank OfficialsImperial Bank directors have claimed that senior Central Bank of Kenya (CBK) of
Imperial Bank Chiefs Turn Heat on Central Bank Officials
AllAfrica.com / Posted 23 days ago
Imperial Bank directors have claimed that senior Central Bank of Kenya (CBK) officials who were complicit in fraudulent transactions that led to the collapse of the financial institution in 2015 are now an obstacle in its restructuring and... Read more
24d
AllAfrica.com
Jamii Bora's Kimani Appointed Chairman of NSE Boardto his current job Kimani has served as Finance Director and later as the Deput
Jamii Bora's Kimani Appointed Chairman of NSE Board
AllAfrica.com / Posted 24 days ago
to his current job Kimani has served as Finance Director and later as the Deputy CEO, KCB Group. He has also served at the Central Bank of Kenya in various capacities including; Deputy Chief Banking Manager and Deputy Director, Financial... Read more
26d
AllAfrica.com
Parastatals Bore Brunt of Lobby's Big Cash SchemesWhere did the YK 92 money come from? You have several transactions between key
Parastatals Bore Brunt of Lobby's Big Cash Schemes
AllAfrica.com / Posted 26 days ago
Where did the YK 92 money come from? You have several transactions between key institutions -- namely, the Treasury, the Central Bank of Kenya, National Bank of Kenya and the defunct Post Bank Credit. The second major source of slush funds were... Read more
27d
AllAfrica.com
CMA Goes After Imperial Bank Bosses As CBK Flexes Its Musclesmove by the Capital Markets Authority (CMA) to go after directors of the fallen
CMA Goes After Imperial Bank Bosses As CBK Flexes Its Muscles
AllAfrica.com / Posted 27 days ago
move by the Capital Markets Authority (CMA) to go after directors of the fallen Imperial Bank may be an indicator that the Central Bank of Kenya (CBK) is finally flexing its muscles to bring perpetrators of the biggest banking fraud to book. CBK... Read more
27d
AllAfrica.com
Ten-Old Puzzle That Was Charterhouse BankTen years ago this month, the Central Bank of Kenya took over a little-known ba
Ten-Old Puzzle That Was Charterhouse Bank
AllAfrica.com / Posted 27 days ago
Ten years ago this month, the Central Bank of Kenya took over a little-known bank whose main branch was on the 7th floor of Nairobi's Longonot Place; an odd place. A battery of journalists dashed there eager to witness the takeover. It was a Friday... Read more
29d
AllAfrica.com
Regulator Rejects Takeover Bids By Seven Dubai Bank Suitorsby foreign and local firms that had expressed interest to inject capital and re
Regulator Rejects Takeover Bids By Seven Dubai Bank Suitors
AllAfrica.com / Posted 29 days ago
by foreign and local firms that had expressed interest to inject capital and revive the collapsed Dubai Bank. The Central Bank of Kenya (CBK) has filed in court a list of seven companies that sent inquiries about investing in Dubai Bank,... Read more
30d
AllAfrica.com
No Money Lost in Eurobond Funds Transfer - DPP Tobikoremitted from the offshore accounts held at JP Morgan Chase Bank and Citibank N
No Money Lost in Eurobond Funds Transfer - DPP Tobiko
AllAfrica.com / Posted 30 days ago
remitted from the offshore accounts held at JP Morgan Chase Bank and Citibank N.A. to the National Exchequer Account at the Central Bank of Kenya," he stated. The EACC came to the same conclusion in January but Tobiko directed that further... Read more
30d
AllAfrica.com
Imperial Bank Chiefs Risk Sh4 Billion Fine Over Details of Bond Issuebank was shut down. Bond issuers ordinarily go through a rigorous approval pro
Imperial Bank Chiefs Risk Sh4 Billion Fine Over Details of Bond Issue
AllAfrica.com / Posted 30 days ago
bank was shut down. Bond issuers ordinarily go through a rigorous approval process before being allowed to take cash. The Central Bank of Kenya (CBK) had to release a statement jointly with CMA, clarifying the problems at Imperial Bank had been... Read more
1m
AllAfrica.com
Focus Shifts to Bonds After CBK Rate SlashMarket focus turned to bonds last week after the Central Bank of Kenya (CBK) cu
Focus Shifts to Bonds After CBK Rate Slash
AllAfrica.com / Posted a month ago
Market focus turned to bonds last week after the Central Bank of Kenya (CBK) cut its rate for the first time in almost a year, driving up the value of the State paper. The Monetary Policy Committee lowered the Central Bank Rate (CBR) by one per cent... Read more
1m
AllAfrica.com
Kenya Bankers Sets Up Payment Digital Solutions Firm to Enhance Industry's Interoperabilityreinforcing a technology-driven and vibrant banking sector, responsive to the d
Kenya Bankers Sets Up Payment Digital Solutions Firm to Enhance Industry's Interoperability
AllAfrica.com / Posted a month ago
reinforcing a technology-driven and vibrant banking sector, responsive to the dynamic consumer needs. Founded under the Central Bank of Kenya, National Payment System (NPS) guidelines, Olaka explained that IPSL would interconnect all banks in... Read more
m
AllAfrica.com
Barclays Africa to Meet CBK Over Sale of Continental StakeThe management of Barclays Africa Group is set to meet Central Bank of Kenya Go
Barclays Africa to Meet CBK Over Sale of Continental Stake
AllAfrica.com / Posted 1 months ago
The management of Barclays Africa Group is set to meet Central Bank of Kenya Governor Patrick Njoroge to discuss the ongoing sale of Barclays Plc's stake on the continent. Barclays Africa Group Deputy Chief Executive David Hodnett, who jetted into... Read more
m
AllAfrica.com
We'll Push Banks to Lower Rates, Says CBK GovernorLenders have no excuses to keep loans expensive after the Central Bank of Kenya
We'll Push Banks to Lower Rates, Says CBK Governor
AllAfrica.com / Posted 1 months ago
Lenders have no excuses to keep loans expensive after the Central Bank of Kenya (CBK) slashed interest rates for the first time in a year, the Nation can report. "On average, interest rates have remained high with no sign of direct reduction or very... Read more
m
AllAfrica.com
'Develop Islamic Products'countries worldwide have adopted Islamic finance. They include: UK, USA, France
'Develop Islamic Products'
AllAfrica.com / Posted 1 months ago
countries worldwide have adopted Islamic finance. They include: UK, USA, France, Switzerland, Canada and South Africa. The Central Bank of Kenya had since licenced two Islamic banks while National Bank of Rwanda had licenced an Islamic Microfinance... Read more
m
AllAfrica.com
Africa Seeks to Rev Growth Engines amid Downturngrowth opportunities Other articles in the Africa cover package look at source
Africa Seeks to Rev Growth Engines amid Downturn
AllAfrica.com / Posted 1 months ago
growth opportunities Other articles in the Africa cover package look at sources of future growth. Former governor of the Central Bank of Kenya Njuguna Ndung'u, Kenya School of Monetary Studies professor Lydia Ndirangu, and the IMF's Armando... Read more
m
AllAfrica.com
Foundation Invests U.S.$497 Million in Training Leadersfor Corporate Governance (CCG)." The centre provides training in corporate gov
Foundation Invests U.S.$497 Million in Training Leaders
AllAfrica.com / Posted 1 months ago
for Corporate Governance (CCG)." The centre provides training in corporate governance and leadership. Specifically, the Central Bank of Kenya (CBK) as well as several similar institutions rely on CCG on due diligence for staff appointments,... Read more
m
AllAfrica.com
Treasury's Heavy Domestic Borrowing to Keep Rates Highmore through Treasury bills and bonds. The retention of the current lending ra
Treasury's Heavy Domestic Borrowing to Keep Rates High
AllAfrica.com / Posted 1 months ago
more through Treasury bills and bonds. The retention of the current lending rates will also be cemented because the Central Bank of Kenya (CBK) did not review the Kenya Bankers Reference Rate (KBRR), which is computed as an average of the... Read more
m
AllAfrica.com
Kenya's CBK Governor Recognised for Streamlining BanksSince taking over as the Governor of the Central Bank of Kenya barely a year ag
Kenya's CBK Governor Recognised for Streamlining Banks
AllAfrica.com / Posted 1 months ago
Since taking over as the Governor of the Central Bank of Kenya barely a year ago, Patrick Ngugi Njoroge's work has seen the banking sector ruffled. At least three banks have been placed under receivership with more having to relook at their finances... Read more
m
IMF
Africa Seeks to Rev Growth Engines Amid Downturngrowth opportunities Other articles in the Africa cover package look at source
Africa Seeks to Rev Growth Engines Amid Downturn
IMF / Posted 1 months ago
growth opportunities Other articles in the Africa cover package look at sources of future growth. Former governor of the Central Bank of Kenya Njuguna Ndung’u, Kenya School of Monetary Studies professor Lydia Ndirangu, and the IMF’s Armando... Read more
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