Kenya’s Diaspora Remittances Hit Ksh 54 Billion in June 2025
Kenyans living and working abroad sent home Ksh54.68 billion in June 2025 in remittances, equivalent to $423 million, marking a ...
Tag: CBK
CBK Opens Online Survey to Tackle Gaps in Credit Cost Platform
The Central Bank of Kenya (CBK) has launched a nationwide survey to gather feedback on the usability and effectiveness of ...
Why Kenyan Shilling Has Strengthened in 2025 Compared to 2024
The Kenyan Shilling strengthened against major global and regional currencies in the first quarter of 2025, compared to a similar ...
New Rule Sets Ksh 1.9M Limit for Kenyans Passing Airport Security
Kenyans travelling out of the country can now carry a maximum of Ksh1.9 million (approximately USD 15,000) in physical cash, ...
Kenya Transporting Cash to the UK, South Sudan and DRC Using Planes
Banks in Kenya are physically transporting large amounts of cash across borders, with the United Kingdom, South Sudan, and the ...
Maize Flour, Sugar, Cooking Oil Prices Spike as Kenya’s Inflation Hits 3.8%
Kenya’s overall inflation rate stood at 3.8% in June 2025, according to data released by the Central Bank of Kenya ...
CBK Publishes List of Banks with Lowest and Highest Loan Rates
The Central Bank of Kenya (CBK) has published loan interest rates charged by Kenyan commercial banks as of May 2025. ...
CBK Shuts Down Bank Al Habib Operations in Kenya
The Central Bank of Kenya (CBK) has announced the cancellation of the authority granted to Bank Al Habib Ltd (BAHL) ...
Why Kenyan Shilling Has Remained Stable Against Global Currencies
The Kenyan shilling has remained stable against the US dollar and other major currencies, even as global market dynamics drive ...
CBK Invites Kenyans to Invest in Ksh50 Billion Treasury Bonds with as Low as 50K
The Central Bank of Kenya (CBK) has announced a tap sale of Treasury bonds worth Ksh50 billion, inviting interested investors ...
Why Kenyans Prefer Mobile Money for Everyday Transactions
A recent survey conducted by the Central Bank of Kenya (CBK) titled the 2024 FinAccess Survey has revealed that mobile ...
CBK Announces Change in Working Hours for Electronic Payments
The Central Bank of Kenya (CBK) will extend the operating hours of its national electronic payments system beginning July 1. ...
Banks to Hire More in 2025 as Digital Transformation Fuels Job Growth
The Central Bank of Kenya (CBK) has revealed that Kenyan banks are set to increase their workforce in 2025, with ...
CBK Warns of Potential Economic Slowdown in Kenya for 2025
The Central Bank of Kenya (CBK) has revised the projected growth of Kenya’s economy in 2025 downwards. CBK Governor Dr. ...
Cheaper Loans as CBK Reduces Lending Rate to 9.75%
Kenyans are set to enjoy cheaper bank loans following a decision by the Central Bank of Kenya (CBK) to lower ...
CBK Governor Sent Away from Parliament
The Governor of the Central Bank of Kenya (CBK) Dr. Kamau Thugge, was turned away by the National Assembly’s Committee ...
CBK Releases New List of Digital Lenders in Kenya
The Central Bank of Kenya (CBK) has licensed 41 additional Digital Credit Providers (DCPs), bringing the total number of authorised ...
CBK Announces Banks with Lowest Loan Interest Rates
The Central Bank of Kenya (CBK) has published the lending and deposit rates for commercial banks for April 2025. In ...
39 Kenyan Banks Launch New Crackdown on Loan Defaulters
39 Commercial banks in Kenya are increasing efforts to recover unpaid loans following concerns of an increasing number of defaulters. ...
Cheaper Loans as Family Bank Lowers Lending Rates
Family Bank has revised its base lending rate downwards from 15.95% to 14.95%, following the revision of the Central Bank ...
CBK Clarifies Interest Rate Caps in New Loan Pricing Model
The Central Bank of Kenya (CBK) has denied claims that it is quietly reintroducing interest rate caps through its proposed ...
How to Maximize Diaspora Remittances to Develop Africa
Drivers of Diaspora Migration: The Cambridge dictionary defines diaspora as, ‘a group of people who spread from one original country to ...
Banks to Lower Loan Interest Rates by 3%
The government will engage the Central Bank of Kenya (CBK), commercial banks, and all players in the banking sector to ...
Fix Africa’s Macro Economic Instability with Independent and Credible Central Banks
Elements of Macro Economic Instability. The International Monetary Fund (IMF) characterizes macro-economic instability with absence of balance, disequilibrium, or inability ...
CBK Publishes List of Banks with Lowest and Highest Loan Interest Rates as of March 2025
The Central Bank of Kenya (CBK) has announced the average commercial bank lending interest rates for March 2025. In a ...
Kenya Considers Adding Gold to Reserves to Cut Reliance on US Dollar
Kenya is actively exploring the addition of gold to its foreign exchange reserves as a strategy to diversify beyond the ...
CBK Announces One Year Internship Program for Degree Holders
The Central Bank of Kenya (CBK) has announced internship opportunities for degree holders and invited qualified candidates to apply. In ...
CBK Announces Plans to Change Lending Rate Model
The Central Bank of Kenya (CBK) has announced plans to introduce changes to its current lending rate framework, known as ...
Banking & Other Sectors Expected to Hire More Kenyans in 2025- Report
A recent market perception survey by the Central Bank of Kenya (CBK) has listed sectors expected to hire more Kenyans ...
CBK Explains Why Company Bank Loans Have Increased in 2025
The Central Bank of Kenya (CBK) has released a report of the Chief Executive Officer (CEOs) March 2025 Survey, indicating ...