Andrew Musangi Gets House Nod as Next CBK Board Chair
Andrew Mukite Musangi has received approval from parliament as the new chairman of the Central Bank of Kenya (CBK) Board. Andrew replaces Mohammed Nyaoga whose second four-year term ended in [...]
CBK Restricts Sale of Foreign Exchange to USD 100,00
The Central Bank of Kenya has issued new orders in the foreign exchange market targeting the activities of Money Remittance Providers (MRPs). In a banking circular, Central Bank of Kenya [...]
CBK Accepts Bids Worth KSh 19.5 billion At Weekly Treasury Bills Auction
Central Bank of Kenya(CBK) received bids worth KSh 22.1 billion at the weekly treasury bills auction, a performance rate of 92.11%, out of KSh 24 billion on offer, and accepted [...]Organizations Rally Banks to Fund SMEs in Clean Cooking Initiatives
Organizations led by the Kenya Bankers Association (KBA) and Africa Guarantee Fund (AGF) are rooting for more funding to Small and Medium Enterprises (SMEs) in clean cooking businesses to scale [...]CBK Calls for Vigilance Following Approval of New Mobile Money Limits
The Central Bank of Kenya (CBK) is calling for an enhanced vigilance in mobile money transaction to mitigate cases of money laundering, financing of terrorism and proliferation finance. The call [...]CBK Accepts Bids Worth KSh 38.8 billion at Weekly T-bills Auction, 161.8% Oversubscription
Central Bank of Kenya(CBK) received bids worth KSh 38.8 billion at the weekly treasury bills auction out of KSh 24 billion on offer, an oversubscription of 161.8%, and accepted bids [...]Kenyan Banks Introduce Climate-Related Financial Disclosures Template to Boost Sustainability
The Kenyan banking industry has unveiled the Climate-Related Financial Disclosures Template which aims to enhance transparency on how the industry is communicating their approach to managing climate-related challenges and opportunities. [...]
Micro and Small Enterprises Experience High Loan Defaults Survey
Micro and Small Enterprises (MSEs) in Kenya experienced a myriad of challenges, pushing up the default loan rate from 42.8% to 60.7% in June 2023, a Survey conducted by the [...]Kenyan Banks Pioneer ESG Financing with Safaricom's KES 15 Billion Loan
Safaricom Plc has secured its first Sustainability Linked Loan (SLL) from a consortium of local banks to reinforce its commitment to Environmental, Social, and Governance (ESG) initiatives. The deal is [...]CBK Accepts Bids Worth KSh 23.1 Billion At Weekly T-Bills Auction
Central Bank of Kenya(CBK) accepted bids worth KSh 23.1 Billion at this Thursday’s Treasury Bills Auction out of KSh 24 Billion on offer after the state fiscal agent received bids [...]Mary-Ann Musangi Exits Sidian Bank Board After 8 Years
Sidian Bank, a subsidiary of Centum Investment Company PLC has announced the exit of Mary-Ann Musangi from its board, Mary-Ann is also the CEO of Haco Industries. Mary Ann Musangi [...]Standard Chartered Scouts for Alternative Investment Options Amid Weak Shilling
The Standard Chartered Bank has partnered with European Asset Management Company, Amundi to offer global investment opportunities to its retail investors. The new partnership comes on the backdrop of a [...]
