Crypto Micropayments Could Save Kenyans USD 80 million by Drastically Reducing Cost of Cross-Border Remittances
A new microwork pilot project in Kenya by Celo Foundation and Mercy Corps Ventures has helped hundreds of Kenyan youth access digital jobs with greater earnings than ever before. The [...]
CBK Accepts KSh 98.6 Billion from February 19-year Infrastructure Bonds Sale
Central Bank of Kenya(CBK) received bids worth KSh 132.3 Billion at the auction of the 19-year infrastructure bonds sale against its offer of KSh 75 Billion, an over subscription of [...]
CBK Collects KSh 26.1 Billion from Weekly Treasury Bills Auction
The Central Bank of Kenya(CBK) collected KSh 26.1 Billion from the weekly treasury bills auction out of bids worth KSh 26.8 Billion received, an oversubscription of 111.5%. The most attractive [...]Standard Chartered Launches Shilingi Funds for Everyday Saving Investing
Standard Chartered Bank Kenya has partnered with Sanlam Investments East Africa Ltd (Sanlam) and Mangosteen BCC Pte Ltd (Bambu) to launch SC Shilingi funds, a low-ticket money markets fund proposition [...]
CBK Takes Plunge into Digital Currency Space
The Central Bank of Kenya (CBK)has finally taken a plunge into the deep waters of digital currency after stalling for a while. Kenya's monetary authority is inviting comments from the [...]Kenya Bankers Appoints Christine Onyango As Communication and Public Affairs Director
The country’s Banking industry umbrella body Kenya Bankers Association (KBA) has appointed Christine Onyango as Director of Communications and Public Affairs, taking over from Nuru Mugambi who has since transitioned from the [...]Mauritius Holdings Acquires 73% Stake in Key Microfinance Bank
Mauritius Holdings Limited(LOLC Mauritius) has acquired a 73% stake in Key Microfinance Bank(Key MFB) by Mauritius firm, says a bulletin from the Central Bank of Kenya(CBK), effective January 1st, 2022. [...]Absa Kenya Appoints Christine Mideva Sabwa as Non-Exec. Director
Absa Kenya Plc Board of Directors has appointed Ms. Christine Mideva Sabwa as an independent Non-Executive Director with effect from February 9th 2022.With over 25 years experience in Business Strategy, [...]Mobile Money Transactions Ups 32% to Hit KSh 6.8 Trillion in 2021-CBK
Mobile money transactions in Kenya grew by 32% in 2021, data from the Central Bank of Kenya(CBK) shows. This growth in mobile money use is attributed to an increase in [...]CBK Collects KSh 25.8 Billion from Weekly T-Bills Auction
Central Bank of Kenya(CBK) received bids worth KSh 27.8 Billion at the weekly Treasury Bills Auction, an oversubscription of 115.82% and accepted KSh 25.8 billion. The most attractive instrument at [...]Central Bank of Kenya Says Stance against crypto unchanged
The governor of the Central Bank of Kenya Dr Patrick Njoroge said on Thursday that the bank's position on the unrestricted use of cryptocurrencies like Bitcoin in Kenya remains unchanged. [...]DTB Partners with Tata Africa to Offer SMEs Vehicle Financing
Diamond Trust Bank (DTB) has partnered with Tata Africa to offer 100% financing which will enable small and medium sized enterprises (SMEs) acquire vehicles from Tata Africa. Through the scheme, [...]
