CBK Governor Allays Fears of Economic Disruption From New Generation Currency
The inflation rate stood at 5.7% in June and there have been fears that the switch from old to the new generation currency would push up inflation due to increased cash in circulation.
Banks required to report critical cyber attacks within 2 hours
With increasing fears that cyber attacks pose a huge threat to Kenya's economy, The Central Bank of Kenya (CBK) has published new cyber security regulations that will require Payment Service Providers (PSPs) that move large value and high volume transactions like banks to report...
Pressure piles on CBK to regulate rogue mobile lenders
Central Bank of Kenya (CBK) Governor Dr Patrick Njoroge was on Wednesday put on the spot over failure to regulate mobile lenders who have been accused of lending to Kenyans at exorbitant interest rates, failing to protect consumer data and arbitrarily violating financial regulations...
CBK Governor weighs in on Banki-Benki debate
It is the debate that has gripped a section of netizens, over whether Kenya's bank notes have mistranslated or mistyped the Swahili form of Central Bank of Kenya. CBK Governor Patrick Njoroge believes that what is currently inscribed on the new generation bank notes is...
Kenyans can now give CBK their opinion on CRB regulations
One of the allegations levelled at the Central Bank of Kenya (CBK) by those who have challenged the recent new currency roll out has been whether the apex lender followed due process. A pet peeve has been public participation, and the role of the Kenyan...
New generation currency hits bank counters
If you withdraw money from the ATM anytime from now, it is likely you will take home the new generation notes. The Central Bank of Kenya (CBK) has confirmed that the new notes are already circulating in the economy. In a press dispatch, the monetary policy...