CBK Governor Dr. Patrick Njoroge

16 Articles
In a TV interview, Gachagua claimed that powerful individuals had taken control of forex flow through commercial banks and that the CBK had inadequate forex reserves. He has previously led the President William Ruto-led Kenya Kwanza chorus on state capture, including against banking interests associated with the family of former President Uhuru Kenyatta. [Photo/ @Rigathi]
BUSINESSECONOMY

CBK Reacts to Gachagua’s Market-Shaking ‘No Forex Reserves’ Comment

The CBK also asserted that its foreign exchange cover remained adequate, in compliance with the CBK Act, EAC Monetary Union Protocol and targets...

Digital credit services will be required to disclose interest rates, late payment and rollover fees before issuing the loans. [Photo: REUTERS/Thomas Mukoya]
BUSINESSECONOMYSMART BUSINESS

New Rules for Loan Apps as CBK Sets Compliance Deadline

With the new regulatory framework, they will be required to disclose interest rates, late payment and rollover fees before issuing the loans. The...

The bill was informed by widespread complaints on the unregulated nature of many mobile loan services and the documented exploitative practices of some of the companies
BUSINESSFEATURED STORY

What New Mobile Loans Bill Means For You

The bill places digital lenders under the ambit of CBK much like commercial banks, saccos and micro-finance institutions.

FEATURED STORY

CBK Opens New Offshoot in Kisii

CBK's current network includes branches in Mombasa, Kisumu and Eldoret as well as centres in Nyeri, Nakuru, Meru, and now Kisii.

CBK Governor Patrick Njoroge Photo
FEATURED STORY

Kenya Joins Global Players in Push For Tighter Regulation of BigFintech

Regulators, UN agencies, market actors, and officials from 10 countries will gather virtually on October 9, 2020, to launch the Dialogue on Global...

CBK Governor Patrick Njoroge Photo
FEATURED STORY

Banks Get CBK Greenlight to Blacklist Loan Defaulters

CBK declines to extend freeze on CRB blacklisting throwing millions of distressed Kenyans back into the radar of CRBs

FEATURED STORY

CBK Extends Free Mobile Transactions Below Sh1,000 to End Year

Tariffs for transactions above Sh70,000 to remain in place

ECONOMY

Coronavirus Deflates Kenya’s Projected Economic Growth to 11-Year Low

Central Bank slashes base lending rate to allow banks lend more money to Kenyans

FEATURED STORY

Why Most Kenyan CEOs Should Be Fired – CBK Governor

Dr Njoroge also thinks that East African CEOs are afraid to critic themselves and afford their staff room to innovate