Central Bank of Kenya (CBK)
Ruto Nominates Kamau Thugge as CBK Governor
President William Ruto has nominated Kamau Thugge as the new Governor of the Central Bank of Kenya (CBK), to take over from Patrick...
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://businesstoday.co.ke/wp-content/uploads/2023/01/ezgif.com-gif-maker-22.jpg)
CBK Licenses 12 More Digital Lenders – See All 22 Licensed So Far
The Central Bank of Kenya (CBK) on Monday, January 30 announced the licensing of 12 more digital credit providers, bringing the total number...
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://businesstoday.co.ke/wp-content/uploads/2022/11/ruto-telco-data.jpg)
Kenyans Taken Off CRB, Outstanding Mobile Loans Halved in CBK Deal
Kenyan borrowers blacklisted by Credit Reference Bureaus (CRBs) for defaulting on mobile loans are set to have their outstanding loans discounted by at...
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://businesstoday.co.ke/wp-content/uploads/2022/10/FdlBwfNWQAEM1eU.jpg)
CBK Reacts to Gachagua’s Market-Shaking ‘No Forex Reserves’ Comment
The Central Bank of Kenya (CBK) was forced to issue a statement around half an hour past midnight on Monday, October 3, after...
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://businesstoday.co.ke/wp-content/uploads/2022/08/mobile-loan-apps-min.jpg)
Loan Apps in Kenya Fight New 20% Tax
A lobby group for digital lenders in Kenya has moved to court to challenge the imposition of a 20 percent excise tax on...
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://businesstoday.co.ke/wp-content/uploads/2022/03/images-27.jpeg)
Push to Slash M-Pesa Charges Gathers Steam
The push to reduce M-Pesa transaction fees continues to gather steam, with the National Treasury becoming the latest entity to add its voice...
MARTIN SIELE1 Mins read
