Central Bank of Kenya

Latest articles

1d
AllAfrica.com
Digital Transformation Is Here for the Financial Services Industryindustry as an ecosystem. Regulators have become increasingly cognisant of thi
AllAfrica.com / Posted yesterday
industry as an ecosystem. Regulators have become increasingly cognisant of this fact and this was evident when the Central Bank of Kenya issued a guidance note in August 2017 requiring banks to put in place measures to mitigate against... Read more
2d
AllAfrica.com
Economy Hurts as Political Stalemate Holdswhose negativity is already showing in the macro and micro sides of the region'
AllAfrica.com / Posted 2 days ago
whose negativity is already showing in the macro and micro sides of the region's largest economy. The data from the Central Bank of Kenya's Credit Survey released last month paints a gloomy picture as commercial banks lament how raised... Read more
2d
AllAfrica.com
Deal on Chase Bank Runs Into Shareholder WallThree days before the Central Bank of Kenya made public its receipt of a non-bi
AllAfrica.com / Posted 2 days ago
Three days before the Central Bank of Kenya made public its receipt of a non-binding offer from Mauritian lender SBM for Chase Bank, governor Patrick Njoroge sought to get the buy-in of stakeholders of the troubled financier. After presenting... Read more
2d
AllAfrica.com
SA Hotel Chain's Sh384 Million Locked in Chase Bankon April 7, 2016 and re-opened on April 27, 2016 under the management of the Ke
AllAfrica.com / Posted 2 days ago
on April 7, 2016 and re-opened on April 27, 2016 under the management of the Kenya Deposit Insurance Corporation. The Central Bank of Kenya (CBK) recently announced that Mauritius' SBM Holdings has made an offer to acquire the lender, raising... Read more
5d
AllAfrica.com
Remittances Grow 9.26% to Sh17 Billion in Augustwith money sent home growing 9.26 per cent in August this year compared with a
AllAfrica.com / Posted 5 days ago
with money sent home growing 9.26 per cent in August this year compared with a month earlier. Monthly data released by the Central Bank of Kenya (CBK) shows that diaspora remittances reached $166.4 million (about Sh17.18 billion) in August compared... Read more
8d
AllAfrica.com
Job Losses Loom in Chase Bank TakeoverSBM Holdings of Mauritius' looming takeover of Chase Bank is coming with possib
AllAfrica.com / Posted 8 days ago
SBM Holdings of Mauritius' looming takeover of Chase Bank is coming with possible loss of scores of jobs, according to a Central Bank of Kenya (CBK) statement issued Monday. The proposed transaction will lead to "a transfer of a substantial number... Read more
8d
AllAfrica.com
Based Sbm Holdings Makes Offer for Chase Bankfinancial Institution SBM Holdings Limited has made an offer for Chase Bank Ken
AllAfrica.com / Posted 8 days ago
financial Institution SBM Holdings Limited has made an offer for Chase Bank Kenya subject to regulatory approvals. The Central Bank of Kenya (CBK) says it has received a non-binding offer from SBM Holdings Limited which is a viable proposal for... Read more
9d
AllAfrica.com
Governors Plan Legal Action Over Delayed County Cashthat the counties have regularly received their cash depending on the balance o
AllAfrica.com / Posted 9 days ago
that the counties have regularly received their cash depending on the balance of their money held in the account at the Central Bank of Kenya (CBK). "Any county that has a balance lower than Sh300 million at the CBK has been receiving its share... Read more
12d
AllAfrica.com
No Respite in Sight for Chase Bank Customersa longer wait to know the fate of their funds after a depositor applied for an
AllAfrica.com / Posted 12 days ago
a longer wait to know the fate of their funds after a depositor applied for an extension of the lender's receivership. The Central Bank of Kenya (CBK) says the lender's receivership, which was due to come to an end tomorrow (Saturday, October 7),... Read more
12d
AllAfrica.com
Kenyatta, Ruto Woo Gusii Communityme and my deputy Ruto, Dr Matiang'i is the other most powerful person in govern
AllAfrica.com / Posted 12 days ago
me and my deputy Ruto, Dr Matiang'i is the other most powerful person in government," said President Kenyatta. He named Central Bank of Kenya Chairman Mohammed Nyaoga and Kenya Bureau of Standards CEO Charles Ongwae as other members of the... Read more
12d
AllAfrica.com
Safaricom Extends M-Pesa 1tap to Five Countiesand 2,000 merchants taking up the service. Mobile cashless payments have increa
AllAfrica.com / Posted 12 days ago
and 2,000 merchants taking up the service. Mobile cashless payments have increasingly grown popular in Kenya, with Central Bank of Kenya statistics showing that they accounted for 72.8 percent of cashless payments by value and 88 percent by... Read more
2 related articles
12d
AllAfrica.com
Reject the Opposition's False Tribal Narrative, President Kenyatta Urges KenyansFred Matiangi who is also the Cabinet Secretary for Education. The President a
AllAfrica.com / Posted 12 days ago
Fred Matiangi who is also the Cabinet Secretary for Education. The President also pointed out that the chairman of the Central Bank of Kenya is Mohamed Nyaoga who hails from the Abagusii region. Other senior government officials from the... Read more
13d
AllAfrica.com
Central Bank to Review Credit Rating System Over 'Unfair Blacklisting'By Njiraini Muchira, James Anyanzwa The Central Bank of Kenya has started revi
AllAfrica.com / Posted 13 days ago
By Njiraini Muchira, James Anyanzwa The Central Bank of Kenya has started reviewing the credit information sharing (CIS) system following increased complaints that reference bureaus are only concentrating on blacklisting of defaulters. The... Read more
14d
AllAfrica.com
Digital Financial Products Re-Define Service Deliveryof lives through creation of goods and employment. There are about 13 microfin
AllAfrica.com / Posted 14 days ago
of lives through creation of goods and employment. There are about 13 microfinance banks, which are licensed by the Central Bank of Kenya (CBK). Considering the trends of mobile phone penetration in Kenya, the market is expecting more... Read more
14d
CircleID
Why Bitcoin Will Not Solve the Caribbean's Financial Inclusion Woesby the same national regulatory authority that governs the printing of fiat mon
CircleID / Posted 14 days ago
by the same national regulatory authority that governs the printing of fiat money — as is the case with M-PESA and the Central Bank of Kenya. It's an extension of a national currency like Jamaican dollars or Netherland Antilles guilders for use... Read more
18d
AllAfrica.com
Tough Times - Banks Record 10-Year High in Bad Debtenvironment that has engulfed the country, leaving households and businesses un
AllAfrica.com / Posted 18 days ago
environment that has engulfed the country, leaving households and businesses unable to meet their debt obligations. Central Bank of Kenya reported the non-performing loans (NPLs) stood at 10.7 per cent of the industry loan book, which is at... Read more
21d
AllAfrica.com
Now Lenders Grapple With Biometricsat the top of banks' boardroom agenda, especially after the global ransomware a
AllAfrica.com / Posted 21 days ago
at the top of banks' boardroom agenda, especially after the global ransomware attack dubbed WannaCry in May this year. The Central Bank of Kenya has now introduced cyber security guidelines to help banks deal with cyber crime and prepare for... Read more
22d
AllAfrica.com
Imperial Bank Depositors Want CBK Held Liable for CollapseNairobi — Imperial Bank depositors have written to the Central Bank of Kenya wi
AllAfrica.com / Posted 22 days ago
Nairobi — Imperial Bank depositors have written to the Central Bank of Kenya with a list of demands they want to be met in a bid to recover money lost after the bank's 2015 closure by the CBK. MMC Africa Law which is instituting a class action on... Read more
25d
AllAfrica.com
Lenders Face Fresh Pressure Over Creditprivate sector fell to 2.1 per cent over the 12 months to May 2017, blamed on t
AllAfrica.com / Posted 25 days ago
private sector fell to 2.1 per cent over the 12 months to May 2017, blamed on the rate caps and pre-election jitters. The Central Bank of Kenya is also in the process of reviewing the interest rate cap. But CBK Governor Patrick Njoroge has warned... Read more
26d
AllAfrica.com
CBK Vague on Roll Out of the New CurrencyThe Central Bank of Kenya (CBK) remains unclear on when it will roll out the ne
AllAfrica.com / Posted 26 days ago
The Central Bank of Kenya (CBK) remains unclear on when it will roll out the new-look currency as stipulated in law amid mounting legal concerns on the delay. CBK governor Patrick Njoroge on Tuesday did not explain the delay nor provide time-lines... Read more
28d
AllAfrica.com
CBK Optimistic About Economy Despite Repeat Election Jittersinvestment in infrastructure development will help cushion the economy against
AllAfrica.com / Posted 28 days ago
investment in infrastructure development will help cushion the economy against knocks of prolonged electioneering, the Central Bank of Kenya (CBK) has projected. CBK Governor Patrick Njoroge said the economy will grow at 4.7 per cent as... Read more
28d
AllAfrica.com
CBK Says Economy to Ride Out Political Uncertaintyis unlikely to suffer adverse effects due to the political uncertainty over the
AllAfrica.com / Posted 28 days ago
is unlikely to suffer adverse effects due to the political uncertainty over the repeat of the presidential elections. Central Bank of Kenya Governor Dr. Patrick Njoroge says that save for speed bumps due to depressed spending and production;... Read more
28d
AllAfrica.com
Did Historic Court Ruling Wipe Out Nearly U.S.$1 Billion From Stock Exchange?Alliance told Africa Check that they had sourced the figure from the Nairobi Se
AllAfrica.com / Posted 28 days ago
Alliance told Africa Check that they had sourced the figure from the Nairobi Securities Exchange. What do numbers show Central Bank of Kenya data showed market capitalisation at the stock exchange rose from KSh2.32 trillion (US$22.49 billion)... Read more
30d
AllAfrica.com
Presidential Election Unlikely to Affect Economy - CBKNairobi — The fresh Presidential election slotted for October 17 will not have
AllAfrica.com / Posted 30 days ago
Nairobi — The fresh Presidential election slotted for October 17 will not have a significant impact on the economy. Central Bank of Kenya Governor Patrick Njoroge says that barring any unforeseen circumstances, the markets have already shown... Read more
m
AllAfrica.com
Co-Op Bank Appoints New Board ChairmanFinance expert with 25 years of experience having served as the Director Debt M
AllAfrica.com / Posted 1 months ago
Finance expert with 25 years of experience having served as the Director Debt Management at Treasury and previously at the Central Bank of Kenya as the Director, Bank Supervision. He joins the bank when it has grown to one of the largest banks in... Read more
2 related articles
m
AllAfrica.com
Co-Op Bank Picks New Board Chairexperience, Mr Murugu last served as the director, debt management at the Treas
AllAfrica.com / Posted 1 months ago
experience, Mr Murugu last served as the director, debt management at the Treasury. He had previously worked at the Central Bank of Kenya (CBK) as the Director for Bank Supervision. He holds a Bachelor of Education degree and Master of Arts... Read more
2 related articles
m
AllAfrica.com
Long-Serving Co-Op Bank Chairman Exitsthan the previous day's close. Mr Muchiri, 71, will be replaced by John Murugu
AllAfrica.com / Posted 1 months ago
than the previous day's close. Mr Muchiri, 71, will be replaced by John Murugu, who has previously worked at Treasury and Central Bank of Kenya, as chairman effective October 1, 2017. Mr Muchiri's exit is in line with the Capital Markets... Read more
2 related articles
m
AllAfrica.com
Kenya's Central Bank Sets Stage for Repeal of Interest Rate CapsThe Central Bank of Kenya (CBK) Wednesday gave the clearest signal that it inte
AllAfrica.com / Posted 1 months ago
The Central Bank of Kenya (CBK) Wednesday gave the clearest signal that it intends to push for a repeal of the year-old law capping interest rates because of the negative effect it has had on the economy. CBK governor Patrick Njoroge, however,... Read more

In this news