Central Bank of Kenya (CBK)
Ruto Nominates Kamau Thugge as CBK Governor
Dr Thugge is currently the senior adviser and Head of Fiscal Affairs and Budget Policy at State House. He was previously Principal Secretary...
BUSINESS TODAY1 Mins read
Cheques And EFTs To Clear Same Day After System Upgrade
Bank customers are expected to access faster clearing services for cheques, direct debits and electronic funds transfers (EFTs) following an upgrade of the...
BT Reporter2 Mins read
![Since March 2022, 381 lenders have applied for CBK licenses to comply with new regulations. [Photo/ Standard]](https://i0.wp.com/businesstoday.co.ke/wp-content/uploads/2023/01/ezgif.com-gif-maker-22.jpg?fit=623%2C338&ssl=1)
CBK Licenses 12 More Digital Lenders – See All 22 Licensed So Far
The latest update by CBK comes against the backdrop of frustration from digital lenders who are yet to receive their licenses, and face...
BUSINESS TODAY1 Mins read
![President William Ruto with the CEOs of Safaricom, NCBA and KCB as well as the CBK Governor at an event on September 28. [PHOTO | DIANA NGILA | NMG]](https://i0.wp.com/businesstoday.co.ke/wp-content/uploads/2022/11/ruto-telco-data.jpg?fit=680%2C454&ssl=1)
Kenyans Taken Off CRB, Outstanding Mobile Loans Halved in CBK Deal
"I am very happy that between four to five million Kenyans will be out of CRB blacklist by the beginning of November," President...
MARTIN SIELE2 Mins read
![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]](https://i0.wp.com/businesstoday.co.ke/wp-content/uploads/2022/10/FdlBwfNWQAEM1eU.jpg?fit=680%2C544&ssl=1)
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...
MARTIN SIELE2 Mins read
CBK Transfers Ksh4 Billion From Reserve Fund To The Consolidated Fund
The Central Bank of Kenya (CBK) has announced that on September 12, 2022, it transferred to the Government Consolidated Fund Ksh4 billion as...
BT Reporter2 Mins read
CBK Grants License To DPO Group As Payment Service Provider
African digital payments provider DPO Group Kenya has received official approval from the Central Bank of Kenya (CBK) to operate as a Payment...
BT Reporter1 Mins read
![Examples of digital loan services are Safaricom's M-Shwari and KCB M-Pesa, as well as loan apps such as Tala (pictured), Branch and Zenka. [Photo/ JITIMU]](https://i0.wp.com/businesstoday.co.ke/wp-content/uploads/2022/08/mobile-loan-apps-min.jpg?fit=500%2C375&ssl=1)
Loan Apps in Kenya Fight New 20% Tax
The Digital Finance Services Association of Kenya wants the implementation of the Excise Duty Act as amended by the Finance Act 2022 suspended...
MARTIN SIELE2 Mins read
![An M-Pesa agent. Launched 15 years ago, M-Pesa has become a key feature of the Kenyan economy. [Photo/ Techweez]](https://i0.wp.com/businesstoday.co.ke/wp-content/uploads/2022/03/images-27.jpeg?fit=678%2C452&ssl=1)
Push to Slash M-Pesa Charges Gathers Steam
With its 35% stake, the Treasury is the second-largest shareholder in Safaricom behind Vodacom Group Limited and Vodafone Group Plc who own a...
MARTIN SIELE1 Mins read
