Bank of Kigali Goes Digital in Kenya After Shutting Operations

Bank of Kigali (BoK) has ceased operations in Nairobi after the Central Bank of Kenya withdrew its license effective 2nd April 2024.

BILL YAURA1 Mins read

SMART MONEY

Amazing Origin of ‘Pesa’ and How Shilling Overtook Foreign Currencies

With the establishment of individual Central Banks for the three East African countries, Kenya began printing and minting its own shilling currency notes...

BT Reporter3 Mins read

Kenya shilling exchange rate - fuel prices in Kenya

SMART MONEY

1974 Fuel Receipt Evokes Nostalgia Over Strong Shilling Years

Over the years, the Kenya shilling has lost its value significantly, thanks to inflation which has markedly reduced its purchasing power.

BT Correspondent2 Mins read

SMART MONEY

Forex Bureaus: Details of the Little-Known Currency Trading Business in Kenya

Forex Bureaus were established in Kenya in 1995 by the Central Bank of Kenya under the CBK Act Section 33K provisions to encourage...

JUSTUS KIPRONO5 Mins read

Kenya Foreign Exchange Code - Kenya FX Code

SMART MONEY

Kenya FX Code: CBK Swings Into Action To Calm Forex Markets

The Kenya FX Code sets out standards for commercial banks, and aims to strengthen and promote the integrity and effective functioning of the...

KALU MENGO2 Mins read

MARKETS OPINION

Kenyan Women In Diaspora a Big Source Of Wealth

The fact that migrant women account for half of global remittance transactions highlights the important role they play in supporting their communities back...