Central Bank of Kenya

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10h
AllAfrica.com
#frontrow - We Must Learn to Live With This Technology-Driven World OrderA few Uber drivers have been attacked by taxi operators in Nairobi in the last
#frontrow - We Must Learn to Live With This Technology-Driven World Order
AllAfrica.com / Posted 10 hours ago
A few Uber drivers have been attacked by taxi operators in Nairobi in the last few weeks. The violence is the latest after a period of hostility towards the American taxi-hailing service, which is eating at the very core of the traditional cab... Read more
1d
AllAfrica.com
Cartel-Like Behaviour Blamed for High Banking ChargesKenyan financial sector regulators and economic experts have raised concern tha
Cartel-Like Behaviour Blamed for High Banking Charges
AllAfrica.com / Posted yesterday
Kenyan financial sector regulators and economic experts have raised concern that the banking sector could be promoting collusion to stifle healthy competition. The experts said this could explain the high cost of credit and astronomical transaction... Read more
1d
AllAfrica.com
Appeal Court Halts Dubai Bank LiquidationThe Court of Appeal has stopped the liquidation of Dubai bank pending a ruling
Appeal Court Halts Dubai Bank Liquidation
AllAfrica.com / Posted yesterday
The Court of Appeal has stopped the liquidation of Dubai bank pending a ruling at the High Court that had been in its favour against Central Bank. The Central Bank of Kenya (CBK) seeks to overturn a ruling by justice Eric Ogola who suspended the... Read more
2d
AllAfrica.com
How 'Disruptive' Applications Like Uber Are Taxi to the FutureIt has always been a matter of when, not if, taxis in Kenya would rise up again
How 'Disruptive' Applications Like Uber Are Taxi to the Future
AllAfrica.com / Posted 2 days ago
It has always been a matter of when, not if, taxis in Kenya would rise up against Uber's entrance in the market. But the conflict ignited this week has brought to the fore the global dilemma posed by disruptive technology. Fuelled by high Internet... Read more
2d
AllAfrica.com
Only Stiff Sentences Can Curb GraftCorruption has probably been the most discussed topic in Kenya in recent months
Only Stiff Sentences Can Curb Graft
AllAfrica.com / Posted 2 days ago
Corruption has probably been the most discussed topic in Kenya in recent months. It appears to have become so prevalent, so insurmountable that many are considering surrender as the only remaining option. So, is there a silver bullet against... Read more
2d
AllAfrica.com
EACC Investigates Judge Tunoi Graft CaseTrouble is piling up for beleaguered Supreme Court Judge Philip Tunoi after it
EACC Investigates Judge Tunoi Graft Case
AllAfrica.com / Posted 2 days ago
Trouble is piling up for beleaguered Supreme Court Judge Philip Tunoi after it emerged that the Ethics and Anti-Corruption Commission has moved in to independently investigate bribery claims laid against him. On Saturday, EACC Chief Executive... Read more
39 related stories
5d
AllAfrica.com
Part Two - Tracking Eurobond Funds to the Final DestinationDuring the period up to September 8, 2014, the funds at JP Morgan Chase Bank ea
Part Two - Tracking Eurobond Funds to the Final Destination
AllAfrica.com / Posted 5 days ago
During the period up to September 8, 2014, the funds at JP Morgan Chase Bank earned $245,957 in interest revenue, and Sh2.4 billion in exchange gains at a time when the US prime rate, the main borrowing rate in America, was under one per cent. One... Read more
6d
AllAfrica.com
Depositors Hurt As Shareholders Fight to Save Imperial BankMore than 5,000 large depositors with the collapsed Imperial Bank may have to w
Depositors Hurt As Shareholders Fight to Save Imperial Bank
AllAfrica.com / Posted 6 days ago
More than 5,000 large depositors with the collapsed Imperial Bank may have to wait longer for their deposits after shareholders moved to court to challenge their pay out. The bank's shareholders are seeking a judicial review on the directive to have... Read more
6d
AllAfrica.com
Treasury Warns Banks Against Lending to CountiesCommercial banks and other financial institutions have been instructed to start
Treasury Warns Banks Against Lending to Counties
AllAfrica.com / Posted 6 days ago
Commercial banks and other financial institutions have been instructed to start recovering loans they advanced to counties without being guaranteed by the national government. The National Treasury, in its Budget Policy Statement for the Financial... Read more
7d
AllAfrica.com
The Eurobond Debate - Following the Funds' Trail to the Final DestinationIn June 2014, Kenya received offers totalling US$8.8 billion but only took US$2
The Eurobond Debate - Following the Funds' Trail to the Final Destination
AllAfrica.com / Posted 7 days ago
In June 2014, Kenya received offers totalling US$8.8 billion but only took US$2 billion. Surely the country could have taken more? Yes, it could, but that would have been at the risk of interest rates moving sharply upwards. US$2 billion was... Read more
9d
AllAfrica.com
Kenya Business Confidence Edges Up in JanuaryBusiness confidence among Kenyan firms increased marginally in January this yea
Kenya Business Confidence Edges Up in January
AllAfrica.com / Posted 9 days ago
Business confidence among Kenyan firms increased marginally in January this year compared to December last year, a new poll by Standard Chartered shows. The poll shows that business sentiment as measured by the lender's Business Sentiment Indicator... Read more
9d
AllAfrica.com
Govt Roots for e-Payments to Boost Revenue CollectionThe government has urged businesses and public entities to adopt e-payments for
Govt Roots for e-Payments to Boost Revenue Collection
AllAfrica.com / Posted 9 days ago
The government has urged businesses and public entities to adopt e-payments for State services to boost revenue collection. Interior ministry's Integrated Population Registration Services(IPRS) director Mr George Anyango said banks, saccos, retail... Read more
11d
AllAfrica.com
Inflation Rally Loses Steam On Lower Crude PricesThe slight decrease in pump prices helped to slow down a four month rally in co
Inflation Rally Loses Steam On Lower Crude Prices
AllAfrica.com / Posted 11 days ago
The slight decrease in pump prices helped to slow down a four month rally in consumer prices bringing down inflation to 7.78 per cent in January from 8.01 per cent last month. The drop in inflation is a respite to the Central Bank which stood back... Read more
11d
AllAfrica.com
IMF Extends Credit Period for KenyaThe International Monetary Fund has extended the precautionary loan to Kenya by
IMF Extends Credit Period for Kenya
AllAfrica.com / Posted 11 days ago
The International Monetary Fund has extended the precautionary loan to Kenya by a month giving the government more time to draw the funds in case of a major macroeconomic shock. The $687 million loan was approved by the fund's executive board in... Read more
12d
International Business Times
DCG's Barry Silbert: 'We're excited by blockchain – but just as excited about Bitcoin' Barry Silbert has spent a lot of time and care shaping his technology investmen
DCG's Barry Silbert: 'We're excited by blockchain – but just as excited about Bitcoin'
International Business Times / Posted 12 days ago
Barry Silbert has spent a lot of time and care shaping his technology investment company, Digital Currency Group. Its mission: to accelerate development of a better financial system. Silbert points out that DCG is set up as company, as opposed to a... Read more
12d
AllAfrica.com
Proposed Credit Reporting System to Help Weed Out Rogue BorrowersBy Otiato Guguyu and Brian Ngugi Bad loans have continued to rise, even as the
Proposed Credit Reporting System to Help Weed Out Rogue Borrowers
AllAfrica.com / Posted 12 days ago
By Otiato Guguyu and Brian Ngugi Bad loans have continued to rise, even as the financial sector stakeholders seek to consolidate credit information sharing to move away from the current model where firms submit it to multiple licensed reference... Read more
12d
AllAfrica.com
Credit Reporting System to Help Weed Out Rogue BorrowersBy Otiato Guguyu and Brian Ngugi Bad loans have continued to rise, even as the
Credit Reporting System to Help Weed Out Rogue Borrowers
AllAfrica.com / Posted 12 days ago
By Otiato Guguyu and Brian Ngugi Bad loans have continued to rise, even as the financial sector stakeholders seek to consolidate credit information sharing to move away from the current model where firms submit it to multiple licensed reference... Read more
14d
AllAfrica.com
CBK Says No Eurobond Money Was Lost Through Foreign BanksThe Central Bank of Kenya has for the second time defended its officials agains
CBK Says No Eurobond Money Was Lost Through Foreign Banks
AllAfrica.com / Posted 14 days ago
The Central Bank of Kenya has for the second time defended its officials against allegations of theft of Eurobond funds. The bank which also sought to absolve its chairman Mohammed Nyaoga from the saga said it had provided relevant documents to the... Read more
14d
AllAfrica.com
Falling European Currencies Versus Dollar Cuts Flower Farmers' ReturnsSlump of European currencies against the dollar is eroding earnings from hortic
Falling European Currencies Versus Dollar Cuts Flower Farmers' Returns
AllAfrica.com / Posted 14 days ago
Slump of European currencies against the dollar is eroding earnings from horticulture and cut flower farmers in Kenya. The Euro has shed 0.29 per cent year to date against the dollar while the Great Britain Pound (GBP) has shed 3.28 per cent. And... Read more
14d
AllAfrica.com
Nyaoga Lawyers Yet to Serve Raila With Suit PapersLawyers acting for Central Bank of Kenya chairman Mohammed Nyaoga have not yet
Nyaoga Lawyers Yet to Serve Raila With Suit Papers
AllAfrica.com / Posted 14 days ago
Lawyers acting for Central Bank of Kenya chairman Mohammed Nyaoga have not yet served Cord leader Raila Odinga with the papers in a defamation case over the Eurobond saga. Mr Odinga's lawyer, Mr Paul Mwangi, told the Nation in Nairobi that he had... Read more
2 related stories
14d
AllAfrica.com
Banks Root for Creation of a Credit Data HubFinancial sector stakeholders have backed the proposed creation of a centralise
Banks Root for Creation of a Credit Data Hub
AllAfrica.com / Posted 14 days ago
Financial sector stakeholders have backed the proposed creation of a centralised hub for exchange of positive and negative credit information. Players who discussed the findings of a feasibility study on simplified data submission point (data hub),... Read more
14d
AllAfrica.com
We Must Look Beyond Liquidation to Help Commercial Banks in ProblemsThe Governor of the Central Bank of Kenya was in his element last week, when he
We Must Look Beyond Liquidation to Help Commercial Banks in Problems
AllAfrica.com / Posted 14 days ago
The Governor of the Central Bank of Kenya was in his element last week, when he publicly declared that Imperial Bank was a much bigger scandal than Goldenberg and Anglo Leasing put together. Speaking in a tone of self-righteous indignation, the... Read more
14d
AllAfrica.com
Imperial Bank Owners to Pump in Sh10 Billion Towards the Bank's Recovery PlanShareholders of troubled Imperial Bank are ready to remit Sh10 billion to the C
Imperial Bank Owners to Pump in Sh10 Billion Towards the Bank's Recovery Plan
AllAfrica.com / Posted 14 days ago
Shareholders of troubled Imperial Bank are ready to remit Sh10 billion to the Central Bank of Kenya, (CBK) as part of a recovery plan fronted by the regulator involving injection of fresh capital. On Tuesday, Imperial Bank Chairman Alnashir Popat... Read more
15d
AllAfrica.com
CBK Chairman Nyaoga Sues Raila for DefamationNairobi — The Central Bank of Kenya Chairman Mohamed Nyaoga has filed a defamat
CBK Chairman Nyaoga Sues Raila for Defamation
AllAfrica.com / Posted 15 days ago
Nairobi — The Central Bank of Kenya Chairman Mohamed Nyaoga has filed a defamation suit against the opposition leader Raila Odinga, for linking him to the alleged Eurobond saga. Nyaoga has accused Odinga of mentioning his name as a person of... Read more
2 related stories
15d
AllAfrica.com
Why Kenya Is Likely to Avoid China's Economic TurmoilKenya is not likely to feel the impact of the turmoil that the Chinese economy
Why Kenya Is Likely to Avoid China's Economic Turmoil
AllAfrica.com / Posted 15 days ago
Kenya is not likely to feel the impact of the turmoil that the Chinese economy is currently going through. Analysts say Kenya's diversified partnership is bound to cushion it from the headwinds buffeting the world's second largest economy, which is... Read more
15d
AllAfrica.com
Treasury Set to Borrow More Locally As Foreign Credit Gets ExpensiveKenya will rely more on local borrowing to finance this year's budget gap as un
Treasury Set to Borrow More Locally As Foreign Credit Gets Expensive
AllAfrica.com / Posted 15 days ago
Kenya will rely more on local borrowing to finance this year's budget gap as unfavourable conditions have made external credit unattractive, financial experts have said. Global assets manager PineBridge Investments has predicted that Kenya will have... Read more
19d
AllAfrica.com
CBK Boss Summons Bank Bosses Over RatesNairobi — The Central Bank of Kenya (CBK) Governor Patrick Njoroge is set to me
CBK Boss Summons Bank Bosses Over Rates
AllAfrica.com / Posted 19 days ago
Nairobi — The Central Bank of Kenya (CBK) Governor Patrick Njoroge is set to meet with Chief Executive officers of commercial banks on Friday to dialogue on the high bank lending rates that he has termed as troubling. Njoroge said it was unfortunate... Read more
4 related stories
19d
AllAfrica.com
CBK Says Open to New Proposal to Revive Imperial BankNairobi — Central Bank of Kenya (CBK) Governor Patrick Njoroge says he is open
CBK Says Open to New Proposal to Revive Imperial Bank
AllAfrica.com / Posted 19 days ago
Nairobi — Central Bank of Kenya (CBK) Governor Patrick Njoroge says he is open to new genuine proposals to re-open Imperial Bank Limited (IBL) which is currently under receivership. Njoroge, who has been accused by shareholders of sidelining them in... Read more
19d
AllAfrica.com
Dear 'Sukuma Wiki' Fuels InflationThe rising prices of sukuma wiki, potatoes, onions and avocados pushed up the c
Dear 'Sukuma Wiki' Fuels Inflation
AllAfrica.com / Posted 19 days ago
The rising prices of sukuma wiki, potatoes, onions and avocados pushed up the cost of living in December, according to the Central Bank of Kenya. The cost of other staple food items - including meat, cabbage and carrots - also went up, pushing... Read more
19d
AllAfrica.com
Raila Opts Out of Eurobond HearingCord leader Raila Odinga has written to Parliament asking not to appear before
Raila Opts Out of Eurobond Hearing
AllAfrica.com / Posted 19 days ago
Cord leader Raila Odinga has written to Parliament asking not to appear before an oversight committee on Monday to shed more light on the Eurobond saga. The former Prime Minister said he wants to await the findings of a special audit on the last... Read more
2 related stories
20d
AllAfrica.com
Church-Owned SMEP Microfinance Seeks Sh2.6 Billion for ExpansionShareholders of the church based SMEP Microfinance bank Thursday resolved to ra
Church-Owned SMEP Microfinance Seeks Sh2.6 Billion for Expansion
AllAfrica.com / Posted 20 days ago
Shareholders of the church based SMEP Microfinance bank Thursday resolved to raise an additional Sh2.6 billion to fund its expansion strategy. The plan will see its branch network rise to fifty with an asset base Sh22 billion and an anticipated 2... Read more
20d
AllAfrica.com
The Real Eurobond Story, According to PS ThuggeNairobi — Dr Kamau Thugge's career didn't peak at the Treasury. In fact, he has
The Real Eurobond Story, According to PS Thugge
AllAfrica.com / Posted 20 days ago
Nairobi — Dr Kamau Thugge's career didn't peak at the Treasury. In fact, he has had a long spanning career in finance, having worked at reputable organisations such as the International Monetary Fund. The Principal Secretary's position at Treasury... Read more
20d
AllAfrica.com
Cord Leader Raila Odinga Offers No Apology to CBK BossCord leader Raila Odinga on Wednesday accused Central Bank of Kenya chairman Mo
Cord Leader Raila Odinga Offers No Apology to CBK Boss
AllAfrica.com / Posted 20 days ago
Cord leader Raila Odinga on Wednesday accused Central Bank of Kenya chairman Mohammed Nyaoga of abetting the theft of the Sh250 billion Eurobond money. In a reply to a demand by Mr Nyaoga that he apologise and retract his statement linking him to... Read more
2 related stories
21d
AllAfrica.com
Central Bank of Kenya Retains Key Lending RateThe Central Bank of Kenya (CBK) advisory committee on Wednesday voted to retain
Central Bank of Kenya Retains Key Lending Rate
AllAfrica.com / Posted 21 days ago
The Central Bank of Kenya (CBK) advisory committee on Wednesday voted to retain the benchmark lending rate at 11.5 per cent for the fifth time in a row in a move largely in line with market expectations. In keeping flat the Central Bank Rate (CBR),... Read more
4 related stories
22d
AllAfrica.com
Senators Support CBK Order On County BorrowingSenators have supported a directive by the Central Bank of Kenya warning counti
Senators Support CBK Order On County Borrowing
AllAfrica.com / Posted 22 days ago
Senators have supported a directive by the Central Bank of Kenya warning counties against borrowing, in a move that could spark fresh row between them and governors. Senate Finance Committee chairman Billow Kerrow and Nyamira Senator Mong'are... Read more
2 related stories
22d
AllAfrica.com
Taxes May Rise As Govt Seeks Funding for Infrastructure Projects, Analysts SayAnalysts have warned that taxes may go up in the next finance year as the gover
Taxes May Rise As Govt Seeks Funding for Infrastructure Projects, Analysts Say
AllAfrica.com / Posted 22 days ago
Analysts have warned that taxes may go up in the next finance year as the government runs out of affordable options to borrow from the international markets. Global assets manager PineBridge Investments has predicted a rise in taxes to finance... Read more
22d
AllAfrica.com
Governors Accuse CBK of Bid to Cripple CountiesGovernors have criticised the Central Bank of Kenya for cautioning commercial b
Governors Accuse CBK of Bid to Cripple Counties
AllAfrica.com / Posted 22 days ago
Governors have criticised the Central Bank of Kenya for cautioning commercial banks against giving loans to counties, saying the move is aimed at denying the devolved units funding and crippling them. CBK's warning to commercial banks against... Read more
2 related stories
22d
AllAfrica.com
Analysts Expect Steady Lending Rate As CBK Team MeetsThe Central Bank of Kenya advisory committee meets on Wednesday, even as analys
Analysts Expect Steady Lending Rate As CBK Team Meets
AllAfrica.com / Posted 22 days ago
The Central Bank of Kenya advisory committee meets on Wednesday, even as analysts on Monday projected that they expect the Monetary Policy Committee to vote to leave the benchmark lending rate unchanged. In a pre-MPC outlook, several analysts... Read more
4 related stories
23d
AllAfrica.com
Raila to Give Evidence On Eurobond Billions When He Appears Before PACBy Nelcon Odhiambo and Esther Mwangi Cord leader Raila Odinga is expected to a
Raila to Give Evidence On Eurobond Billions When He Appears Before PAC
AllAfrica.com / Posted 23 days ago
By Nelcon Odhiambo and Esther Mwangi Cord leader Raila Odinga is expected to appear before the Public Accounts Committee (PAC) this week to shed more light on the Eurobond saga. PAC chairman Nicolas Gumbo on Sunday said that the decision to... Read more
4 related stories
23d
AllAfrica.com
Storm Over Bid to Tame County LoansA bid by the National Treasury to regulate borrowing by county governments has
Storm Over Bid to Tame County Loans
AllAfrica.com / Posted 23 days ago
A bid by the National Treasury to regulate borrowing by county governments has raised a storm, with county governments saying the move is irregular and in bad faith. The Central Bank of Kenya (CBK) on January 12 wrote a circular to chief executives... Read more
2 related stories
23d
AllAfrica.com
Analysts Play Down Rise in Treasury BillThe interest rate on government paper rose marginally last week even as analyst
Analysts Play Down Rise in Treasury Bill
AllAfrica.com / Posted 23 days ago
The interest rate on government paper rose marginally last week even as analysts said this would be contained. Yield on Kenya's 91-day Treasury Bill edged up to 11.434 per cent up from 11.398 per cent the previous week and up from a single digit of... Read more
23d
AllAfrica.com
Yuan Clearing House to Boost Sino-Africa TradeNairobi — State-owned National Bank of Kenya (NBK) said its Chinese yuan cleari
Yuan Clearing House to Boost Sino-Africa Trade
AllAfrica.com / Posted 23 days ago
Nairobi — State-owned National Bank of Kenya (NBK) said its Chinese yuan clearing house which was launched in Nairobi last year will help to boost Sino-Kenya trade. NBK's Managing Director Munir Ahmed told Xinhua in Nairobi that the clearing house... Read more
23d
AllAfrica.com
EACC Accused of Holding Back the Work of Agencies Fighting CorruptionThe much touted war on corruption appears to be hiccupping despite a presidenti
EACC Accused of Holding Back the Work of Agencies Fighting Corruption
AllAfrica.com / Posted 23 days ago
The much touted war on corruption appears to be hiccupping despite a presidential directive that all agencies must work closely. The agencies were required to be meeting regularly, exchange notes on war against corruption and forge a common plan on... Read more
24d
AllAfrica.com
Treasury Accuses Odinga of Plot to Wreck EconomyThe National Treasury on Friday accused Cord leader Raila Odinga of a plot to s
Treasury Accuses Odinga of Plot to Wreck Economy
AllAfrica.com / Posted 24 days ago
The National Treasury on Friday accused Cord leader Raila Odinga of a plot to scare away investors through his "false" Eurobond theft claims. Cabinet Secretary Henry Rotich, who is among three Treasury officials whose resignations Mr Odinga has... Read more
4 related stories
25d
AllAfrica.com
Nyaoga Gives Raila Until Monday to Retract Eurobond ClaimsNairobi — Central Bank of Kenya Chairman Mohammed Nyaoga has now given CORD lea
Nyaoga Gives Raila Until Monday to Retract Eurobond Claims
AllAfrica.com / Posted 25 days ago
Nairobi — Central Bank of Kenya Chairman Mohammed Nyaoga has now given CORD leader Raila Odinga until midday Monday, to retract and apologise over allegations linking him to the Eurobond saga. In a letter from Ogetto, Otachi & Company Advocates,... Read more
6 related stories
25d
AllAfrica.com
Economists Foresee Stronger Shilling in 2016By Elizabeth Merab and Jacqueline Kubania Kenya's currency fared better agains
Economists Foresee Stronger Shilling in 2016
AllAfrica.com / Posted 25 days ago
By Elizabeth Merab and Jacqueline Kubania Kenya's currency fared better against the US dollar than the currencies of other leading economies in Africa and the Americas last year. Economists predict a stronger, more stable shilling in 2016,... Read more
2 related stories
25d
AllAfrica.com
Legal Suits Hang Over Raila As He Releases Eurobond 'Names'Nairobi — CORD leader Raila Odinga Thursday released a list of 10 individuals h
Legal Suits Hang Over Raila As He Releases Eurobond 'Names'
AllAfrica.com / Posted 25 days ago
Nairobi — CORD leader Raila Odinga Thursday released a list of 10 individuals he says were involved in the alleged Eurobond scandal. The Opposition leader made it clear he was linking the individuals to the scandal based on their positions at the... Read more
6 related stories
25d
AllAfrica.com
Don't Let Raila Ruin Your Careers, Jubilee Tells Public ServantsNairobi — Jubilee Coalition MPs have urged public servants who CORD leader Rail
Don't Let Raila Ruin Your Careers, Jubilee Tells Public Servants
AllAfrica.com / Posted 25 days ago
Nairobi — Jubilee Coalition MPs have urged public servants who CORD leader Raila Odinga claimed were involved in the alleged Eurobond scandal to take legal action against him. The MPs led by Senate Majority Leader Kithure Kindiki advised the 10... Read more
6 related stories
26d
AllAfrica.com
Public Divided Over Raila Eurobond ClaimsNairobi — The list released by opposition leader Raila Odinga naming 'persons o
Public Divided Over Raila Eurobond Claims
AllAfrica.com / Posted 26 days ago
Nairobi — The list released by opposition leader Raila Odinga naming 'persons of interest' over 'lost' Eurobond billions has elicited mixed feelings among Kenyans. Some of those who spoke to Capital FM said that they believe Odinga proposed that... Read more
6 related stories
26d
AllAfrica.com
CBK Says Staff Guiltless Over Eurobond CashNairobi — The Central Bank of Kenya (CBK) has refuted claims that some of its o
CBK Says Staff Guiltless Over Eurobond Cash
AllAfrica.com / Posted 26 days ago
Nairobi — The Central Bank of Kenya (CBK) has refuted claims that some of its officials have been involved in the alleged misappropriation of Eurobond proceeds. In statement, the bank insists that all due process was followed, in not only... Read more
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